NOT LISTED FOR SALE

6130 Lorimar Ct Flowery Branch, GA 30542

Estimated Value: $296,000 - $318,000

4 Beds
2 Baths
1,728 Sq Ft
$179/Sq Ft Est. Value

Last Sold October 27, 2017

Last sale price $162,000 $94 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $1,919/month

Highlights

  • Lake Front
  • Community Lake
  • Central Heating
  • Fishing
  • Restaurant
  • 3-minute walk to Flowery Branch City Park

About This Home

As of October 2017

A rare opportunity for an investor to own this well maintained duplex located minutes from historic Flowery Branch. Great cash flow, great location, easy to maintain, easy to rent makes this the perfect investment. This unit is located steps from lake Lanier, Hide-A-Bay Cove Marina, Aqualand Marina, and the city park. Each unit features 2 bedrooms, 2 bath, a fireplace, 2 parking spots, and all appliances. This is one of three duplexes in Lorimar on the Lake being offered. 6150 Jones Rd. and 6098 Mitchell St. also avail. NOI of $18,348!!!! priced at an 11 cap!!!

Last Agent to Sell the Property

Mark Grossi

Meritage Homes Of Georgia Realty, LLC License #366517 Listed on: 08/02/2017

Meritage Homes Of Georgia Realty, LLC

Last Buyer's Agent

Mark Grossi

Meritage Homes Of Georgia Realty, LLC License #366517 Listed on: 08/02/2017

Meritage Homes Of Georgia Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $643

Year Built

  • Built in 1985

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 55x157x29x167
  • Lake Front

Home Design

  • Duplex
  • Composition Roof
  • Cement Siding

Interior Spaces

  • Insulated Windows
  • Lake Views

Parking

  • 2 Parking Spaces
  • Varies By Unit

Eco-Friendly Details

  • Energy-Efficient Windows

Schools

  • Flowery Branch Elementary School
  • West Hall Middle School
  • West Hall High School

Utilities

  • Central Heating
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 08118 007015

Community Details

Overview

  • 2 Units
  • Lorimar On The Lake Subdivision
  • Community Lake

Amenities

  • Restaurant

Recreation

  • Fishing
  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$643

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Duplex
  • Property Condition: Resale
  • Year Built: 1985
  • Special Features: None

Property Details

  • Property: Residential Income

Interior Features

  • Window Features: Insulated Windows

Exterior Features

  • Construction Materials: Cement Siding
  • Roof Type: Composition
  • Lake Name: Lanier
  • View: Lake

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking Features: Varies by Unit

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Heating: Central, Electric, Heat Pump

Condo/Co-op/Association

  • Community Features: Fishing, Lake, Park, Restaurant
  • Subdivision Complex: Lorimar on the Lake

Fee Information

  • Annual Expenses: 1500

Schools

  • Elementary School: Flowery Branch
  • Middle School: West Hall
  • High School: West Hall

Lot Info

  • Acres: 0.3300
  • Lot: 11
  • Land/Lot: 118
  • Lot Dimensions: 55x157x29x167
  • Parcel Number: 08118 007015
  • Property Attached Yn: No

Green Features

  • Efficiency: Windows

Multi Family

  • Unit Count: 2
  • Number Of Units Total: 2
  • Waterfront Features: Lake

Tax Info

  • Taxes: 643.00
  • Assessor Parcel Number: 08-00118-07-015
  • Close Date: 2017-10-27
  • Tax Year: 2016

MLS Schools

  • Elementary School: Flowery Branch
  • High School: West Hall
  • Middle School: West Hall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2017
Closed on
Oct 30, 2017
Sold by
Daniels Roger J
Bought by
Truong Hai
Seller's Agent
Mark Grossi
Meritage Homes Of Georgia Realty, LLC
Buyer's Agent
Mark Grossi
Meritage Homes Of Georgia Realty, LLC
List Price
$169,900
Sold Price
$162,000
Premium/Discount to List
-$7,900
-4.65%
Current Estimated Value
$309,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,288
Avg. Annual Appreciation
8.92%
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Truong Hai $162,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2017 10/27/17 Sold $162,000 -2.4% $94 / Sq Ft
10/04/2017 10/04/17 Pending -- -- --
08/25/2017 08/25/17 Price Changed $165,900 -2.4% $96 / Sq Ft
08/02/2017 08/02/17 For Sale $169,900 -- $98 / Sq Ft
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 $3,349 $118,080 $15,840 $102,240
2023 $2,773 $110,520 $15,520 $95,000
2022 $2,417 $92,440 $19,960 $72,480
2021 $1,939 $72,800 $7,600 $65,200
2020 $1,897 $69,200 $7,600 $61,600
2019 $1,658 $59,920 $6,520 $53,400
2018 $1,710 $59,840 $7,800 $52,040
2017 $837 $28,600 $7,800 $20,800
2016 $643 $22,480 $4,400 $18,080
2015 $636 $22,080 $4,000 $18,080
2014 $636 $22,080 $4,000 $18,080
Source: Public Records

Agents Affiliated with this Home

  • Mark Grossi

    Seller's Agent in 2017

    Mark Grossi

    Meritage Homes Of Georgia Realty, LLC

    (708) 744-3998

    62 Total Sales

    Mark Grossi
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5887830

First Multiple Listing Service (FMLS)

APN: 08-00118-07-015

Georgia Hall County Flowery Branch 30542

6130 Lorimar Ct, Flowery Branch, GA

This home is located at 6130 Lorimar Ct, Flowery Branch, GA 30542 since 02 August 2017 and is currently estimated at $309,288, approximately $178 per square foot. This property was built in 1985. 6130 Lorimar Ct is a home located in Hall County with nearby schools including Flowery Branch Elementary School, West Hall Middle School, and West Hall High School.

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