NOT LISTED FOR SALE

6560 Terracewood Ln Gainesville, GA 30506

Lake Lanier Neighborhood

Estimated Value: $359,000 - $399,000

3 Beds
2 Baths
1,295 Sq Ft
$288/Sq Ft Est. Value

Last Sold January 10, 2020

Last sale price $237,000 $183 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,230/month

Highlights

  • Community Lake
  • Deck
  • Wood Flooring
  • Chestatee Elementary School Rated A-
  • Cathedral Ceiling
  • Great Room

About This Home

As of January 2020

This home is located at 6560 Terracewood Ln, Gainesville, GA 30506 since 18 November 2019 and is currently estimated at $373,117, approximately $288 per square foot. This property was built in 2018. 6560 Terracewood Ln is a home located in Forsyth County with nearby schools including Chestatee Elementary School, Little Mill Middle School, and War Hill Christian Academy.

Last Agent to Sell the Property

Rex Gravitt

Landmark Realty Associates, Inc. License #122346 Listed on: 11/18/2019

Last Buyer's Agent

Robert Scanlon

Century 21 Connect Realty License #238985

Century 21 Connect Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $153

Year Built

  • Built in 2018

Lot Details

  • 0.7 Acre Lot
  • Landscaped

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Drive Under Main Level
  • Driveway Level

Home Design

  • Shingle Roof
  • Ridge Vents on the Roof
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 1,295 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Insulated Windows
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room
  • L-Shaped Dining Room
  • Unfinished Basement
  • Garage Access
  • Fire and Smoke Detector
  • Laundry in Hall

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Low Flow Plumbing Fixtures
  • Separate Shower in Primary Bathroom

Schools

  • Chestatee Elementary School
  • Little Mill Middle School
  • North Forsyth High School

Utilities

  • Central Air
  • Air Source Heat Pump
  • 220 Volts
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Energy-Efficient Windows
  • Deck

Community Details

  • Julian Ridge Subdivision
  • Community Lake

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 300 153

Home Details

Home Type

Single Family

Est. Annual Taxes

$153

Year Built

Built in 2018

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Property Condition: Resale
  • Year Built: 2018
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet, Hardwood
  • Fireplace Features: Family Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave
  • Interior Amenities: Cathedral Ceiling(s), Double Vanity, Entrance Foyer, High Ceilings 9 ft Main, Low-Flow Fixtures, Walk-In Closet(s)
  • Basement: Driveway Access, Unfinished
  • Kitchen Features: Eat-in Kitchen, Solid Surface Counters
  • Common Walls: No Common Walls
  • Additional Rooms: Great Room - 1 Story
  • Dining Room Features: Dining L
  • Square Footage: 1295.00
  • Spa Features: None
  • Window Features: Insulated Windows

Beds/Baths

  • Total Bedrooms: 3
  • Bedroom Features: Master on Main
  • Main Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Baths: 2
  • Main Full Bathrooms: 2
  • Master Bathroom Features: Double Vanity, Separate Tub/Shower

Exterior Features

  • Construction Materials: Cement Siding
  • Roof Type: Composition, Ridge Vents, Shingle
  • Lake Name: Lanier
  • Patio And Porch Features: Deck

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Parking Features: Drive Under Main Level, Garage, Garage Door Opener, Level Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air, Heat Pump
  • Heating: Electric, Heat Pump
  • Laundry Features: In Hall
  • Utilities: Electricity Available
  • Electric: 220 Volts

Condo/Co-op/Association

  • Community Features: Lake
  • Subdivision Complex: Julian Ridge

Schools

  • Elementary School: Chestatee
  • Middle School: Little Mill
  • High School: North Forsyth

Lot Info

  • Acres: 0.7000
  • Lot: 19
  • Land/Lot: 1203
  • Section G M D: 1
  • Plat Book: 121
  • Plat Page: 93-96
  • Lot Features: Landscaped
  • Parcel Number: 300 153
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Efficiency: Windows
  • Green Energy Generation: None

Tax Info

  • Taxes: 153.00
  • Assessor Parcel Number: 300-000-153
  • Close Date: 2020-01-10
  • Tax Year: 2018

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Chestatee
  • High School: North Forsyth
  • Middle School: Little Mill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2019
Closed on
Jan 10, 2020
Sold by
Gravitt Investments Lllp
Bought by
Hussain Ishrat
Seller's Agent
Rex Gravitt
Landmark Realty Associates, Inc.
Buyer's Agent
Robert Scanlon
Century 21 Connect Realty
List Price
$239,900
Sold Price
$237,000
Premium/Discount to List
-$2,900
-1.21%
Current Estimated Value
$373,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,117
Avg. Annual Appreciation
8.26%
Original Mortgage
$189,600
Outstanding Balance
$167,938
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$205,179

Purchase Details

Closed on
Dec 17, 2015
Sold by
Gravitt Nadine H
Bought by
Gravitt Investments Llp

Purchase Details

Closed on
Feb 16, 2012
Sold by
Maplewood Development Llc
Bought by
Gravitt Nadine H
Source: Public Records

Range of Values:

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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
Hussain Ishrat $237,000 --
Gravitt Investments Llp -- --
Gravitt Nadine H $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hussain Ishrat $189,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2020 01/10/20 Sold $237,000 -1.2% $183 / Sq Ft
11/23/2019 11/23/19 Pending -- -- --
11/18/2019 11/18/19 For Sale $239,900 -- $185 / 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
2025 $3,012 $141,728 $40,000 $101,728
2024 $3,012 $142,576 $34,000 $108,576
2023 $2,291 $122,540 $22,000 $100,540
2022 $2,819 $94,800 $17,160 $77,640
2021 $2,483 $94,800 $17,160 $77,640
2020 $2,440 $88,364 $14,000 $74,364
2019 $2,386 $86,284 $14,000 $72,284
2018 $194 $7,000 $7,000 $0
2017 $139 $5,000 $5,000 $0
2016 $118 $5,000 $5,000 $0
2015 $83 $3,000 $3,000 $0
2014 $53 $2,000 $2,000 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Rex Gravitt

    Landmark Realty Associates, Inc.

    (770) 886-9499

    18 in this area

    34 Total Sales

    Rex Gravitt
    Section Image
  • Robert Scanlon

    Buyer's Agent in 2020

    Robert Scanlon

    Century 21 Connect Realty

    (404) 427-6271

    1 in this area

    42 Total Sales

    Robert Scanlon
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6639998

First Multiple Listing Service (FMLS)

APN: 300-153

Georgia Forsyth County Gainesville 30506 Lake Lanier

6560 Terracewood Ln, Gainesville, GA

This home is located at 6560 Terracewood Ln, Gainesville, GA 30506 since 18 November 2019 and is currently estimated at $373,117, approximately $288 per square foot. This property was built in 2018. 6560 Terracewood Ln is a home located in Forsyth County with nearby schools including Chestatee Elementary School, Little Mill Middle School, and War Hill Christian Academy.

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