NOT LISTED FOR SALE

5978 Watermark Cove Gainesville, GA 30506

Estimated Value: $806,000 - $906,000

1.54 Acres
$547,930 Price per Acre
67,082 Sq Ft Lot

Last Sold May 07, 2021

Last sale price $130,000

Est. 549% increase in value since last sale

Current estimated payment $5,316/month

191 Days on Market

Highlights

  • Lake Front
  • Deep Water Access
  • Clubhouse
  • Boat Dock
  • Gated Community
  • Partially Wooded Lot

About This Lot

As of May 2021

Only 18 lots in the PRIVATE and GATED upscale subdivision. 7 lots left to bring your own builder and build your DREAM home! This is only 1 of the few Lake Lanier subdivisions that INCLUDES slip a deeded in the community dock at no additional charge. The dock slip will handle a large boat. Enjoy the fantastic stone pavilion with a spa overlooking the lake. GREAT for entertaining and cookouts! Private swimming pool for Watermark residents is located at the front of the subdivision. Buy now and build later and start enjoying lake life today! A minimum 3500 square feet heated for new construction.

Last Agent to Sell the Property

Teresa Smith

Keller Williams Realty Atlanta Partners License #248187 Listed on: 08/17/2020

Keller Williams Realty Atlanta Partners

Last Buyer's Agent

Sharon Leonard

Berkshire Hathaway HomeServices Georgia Properties License #337699

Berkshire Hathaway HomeServices Georgia Properties

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $862

Year Built

  • 2021

Lot Details

  • 1.54 Acre Lot
  • Lake Front
  • Partially Wooded Lot
  • Property is zoned R1

HOA Fees

  • $183 Monthly HOA Fees

Property Views

  • Lake Views

Schools

  • Sardis Elementary School
  • Chestatee Middle School
  • Chestatee High School

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 10007 000094

Community Details

Overview

  • Watermark On Lanier Subdivision

Recreation

  • Boat Dock
  • Community Pool
  • Deep Water Access
  • Covered dock with one slips

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$862

Year Built

2021

Lot Details

0

HOA Fees

$183 per month

Listing Details

  • Standard Status: Closed
  • Property Type: Land
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Current Classification: Undeveloped/Zoned Residential
  • Property Condition: Resale
  • Restrictions Requirements: Archit Controls
  • Special Features: None
  • Year Built (Public Record): 2021

Property Details

  • Property: Res Developed Lots

Exterior Features

  • Lake Name: Lanier
  • View: Lake

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available

Condo/Co-op/Association

  • Community Features: Clubhouse, Community Dock, Gated, Homeowners Assoc, Pool
  • Association Fee: 2200
  • Association Fee Frequency: Annually
  • Association: Yes
  • Subdivision Complex: Watermark On Lanier

Schools

  • Elementary School: Sardis
  • Middle School: Chestatee
  • High School: Chestatee

Lot Info

  • Acres: 1.5400
  • Lot: 11
  • Land/Lot: 11
  • Possible Use: Residential
  • Current Zoning: R1
  • Lot Features: Curbs & Gutters, Street Lights
  • Lot Dimensions: x
  • Parcel Number: 10007 000094
  • Price Acre Dollar: 84415.58
  • Horse Amenities: None
  • Property Attached Yn: No

Tax Info

  • Taxes: 862.00
  • Assessor Parcel Number: 10-00007-00-094
  • Close Date: 2021-05-07
  • Tax Year: 2020

Multi Family

  • Waterfront Features: Lake

MLS Schools

  • Elementary School: Sardis
  • High School: Chestatee
  • Middle School: Chestatee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2020
Closed on
Jul 1, 2021
Sold by
Garvey David
Bought by
Garvey David W and Garvey Barbara
Seller's Agent
Teresa Smith
Keller Williams Realty Atlanta Partners
Buyer's Agent
Sharon Leonard
Berkshire Hathaway HomeServices Georgia Properties
List Price
$148,500
Sold Price
$130,000
Premium/Discount to List
-$18,500
-12.46%
Total Days on Market
191
Current Estimated Value
$843,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$713,812
Avg. Annual Appreciation
57.63%
Original Mortgage
$548,250
Outstanding Balance
$502,812
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$341,000

Purchase Details

Listed on
Aug 17, 2020
Closed on
May 7, 2021
Sold by
Frank Michele Lynn
Bought by
Garvey David W and Garvey Barbara
Seller's Agent
Teresa Smith
Keller Williams Realty Atlanta Partners
Buyer's Agent
Sharon Leonard
Berkshire Hathaway HomeServices Georgia Properties
List Price
$148,500
Sold Price
$130,000
Premium/Discount to List
-$18,500
-12.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,250
Outstanding Balance
$502,812
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$341,000

Purchase Details

Closed on
Jan 9, 2008
Sold by
J & Y Tillem Properties Llc
Bought by
Exterior Motives Contracting Inc

Purchase Details

Closed on
Dec 20, 2007
Sold by
Exterior Motives Contracting I
Bought by
J & Y Tillem Properties Llc

Purchase Details

Closed on
Jul 28, 2006
Sold by
Tillem Jerry
Bought by
Exterior Motives Contracting Inc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Garvey David W -- --
Garvey David W $130,000 --
Exterior Motives Contracting Inc -- --
J & Y Tillem Properties Llc -- --
Exterior Motives Contracting Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garvey David W $548,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2021 05/07/21 Sold $130,000 -12.5% --
02/24/2021 02/24/21 Pending -- -- --
08/17/2020 08/17/20 For Sale $148,500 -- --
Source: First Multiple Listing Service (FMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,864 $311,600 $36,560 $275,040
2023 $6,889 $287,920 $32,280 $255,640
2022 $3,006 $110,080 $32,280 $77,800
2021 $828 $25,800 $25,800 $0
2020 $862 $25,800 $25,800 $0
2019 $999 $36,080 $36,080 $0
2018 $984 $29,160 $29,160 $0
2017 $971 $29,160 $29,160 $0
2016 $949 $29,160 $29,160 $0
2015 $1,211 $29,160 $29,160 $0
2014 $1,211 $38,880 $38,880 $0
Source: Public Records

Agents Affiliated with this Home

  • Teresa Smith

    Seller's Agent in 2021

    Teresa Smith

    Keller Williams Realty Atlanta Partners

    (678) 318-5007

    161 Total Sales

    Teresa Smith
    Section Image
  • Sharon Leonard

    Buyer's Agent in 2021

    Sharon Leonard

    Berkshire Hathaway HomeServices Georgia Properties

    (678) 643-9380

    40 Total Sales

    Sharon Leonard
    Section Image
See All Agents

Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6768247

First Multiple Listing Service (FMLS)

APN: 10-00007-00-094

Georgia Hall County Gainesville 30506

5978 Watermark Cove, Gainesville, GA

This home is located at 5978 Watermark Cove, Gainesville, GA 30506 since 17 August 2020 and is currently estimated at $843,812. This property was built in 2021. 5978 Watermark Cove is a home located in Hall County with nearby schools including Sardis Elementary School, Chestatee Middle School, and Chestatee High School.

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