NOT LISTED FOR SALE

7022 Hammock Trail Gainesville, GA 30506

Estimated Value: $717,415 - $804,000

0.33 Acre
$2,332,383 Price per Acre
14,331 Sq Ft Lot

Last Sold March 24, 2023

Last sale price $89,900

Est. 754% increase in value since last sale

Current estimated payment $4,816/month

22 Days on Market

Highlights

  • Marina
  • Property fronts a bayou
  • Home fronts a creek
  • Covered dock with one slips
  • Fitness Center
  • RV or Boat Storage in Community

About This Lot

As of March 2023

The purchase of lot must include the purchase of a Marina Bay Boat Slip - the price is $85,000 and includes a lift. Slip is E-21. This is a wonderful lot that backs up to conservation easement so there is total privacy for your backyard. It is also a soft slope perfect for a terrace level home. A home plan has been designed for this lot and can be shared with you as well as any meeting with the builder who priced and designed the home. The lot is in our cottage section, The Retreat. It is surrounded by craftsman and cottage style homes that make Marina Bay so special and desired. The families are all wonderful friends and do lots of activities together. These homes offer some of the best prices in the community! The values have grown since the village was first opened and is getting more beautiful as new homes are built and the landscaping matures. There is no time frame to build and no minimum square footage requirements. We have several top quality builders who can help you every step of the way to design and build your perfect lake home on time and no budget. I have a wonderful inventory of home plans and can guide you on getting the exact home you want to begin living your perfect lake lifestyle. Start your home now and be moved in before Fall. Once you close on you lot you are a full member of Marina Bay and are part of the community with access to everything including using your boat slip and all of community parties and activities.

Last Agent to Sell the Property

Susan Verlander

Marina Bay Properties, LLC. License #254041 Listed on: 01/20/2023

Last Buyer's Agent

Susie Evert

Keller Williams Lanier Partners License #360139

Keller Williams Lanier Partners

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $984

Year Built

  • Built in 2018

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 73x180
  • Home fronts a creek
  • Property fronts a bayou
  • Property fronts a private road
  • Cul-De-Sac
  • Sloped Lot
  • Heavily Wooded Lot
  • Landscaped with Trees
  • Property is zoned PRD

HOA Fees

  • $233 Monthly HOA Fees

Property Views

  • Views of Woods

Schools

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

Utilities

  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 803 / 8
  • Assessor Parcel Number 10017 000153

Community Details

Overview

  • Marina Bay Subdivision
  • Community Lake

Recreation

  • RV or Boat Storage in Community
  • Marina
  • Tennis Courts
  • Pickleball Courts
  • Fitness Center
  • Community Pool
  • Park
  • Boat Hoist or Davit
  • Covered dock with one slips

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$984

Year Built

Built in 2018

Lot Details

0

HOA Fees

$233 per month

Listing Details

  • Standard Status: Closed
  • Legal Description: MARINA BAY S/D PHASE 8 LOT 803
  • Property Type: Land
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Current Classification: Developed/Zoned Residential
  • Property Condition: Resale
  • Restrictions Requirements: Archit Controls, Deed Restrictions
  • Year Built: 2018
  • Special Features: None

Property Details

  • Property: Res Developed Lots

Exterior Features

  • Lake Name: Lanier
  • View: Trees/Woods

Utilities

  • Security: Security Gate
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities, Water Available

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Gated, Homeowners Assoc, Lake, Marina, Park, Pickleball, Pool, RV/Boat Storage, Sidewalks, Tennis Court(s)
  • Association Fee: 2800
  • Association Fee Frequency: Annually
  • Association: Yes
  • Subdivision Complex: Marina Bay

Schools

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

Lot Info

  • Acres: 0.3290
  • Lot: 803
  • Timber: Hardwoods
  • Land/Lot: 17
  • Possible Use: Residential
  • Section G M D: 111
  • Current Zoning: PRD
  • Deed Book: 9108
  • Deed Page: 187
  • Plat Book: 876
  • Plat Page: 3
  • Current Use: Residential
  • Lot Features: Cul-De-Sac, Curbs & Gutters, Sidewalk, Sloped, Street Lights
  • Lot Dimensions: 73x180
  • Parcel Number: 10017 000153
  • Price Acre Dollar: 273252.28
  • Horse Amenities: None
  • Property Attached Yn: No

Tax Info

  • Taxes: 984.00
  • Assessor Parcel Number: 10-00017-00-153
  • Close Date: 2023-03-24
  • Tax Year: 2021

Multi Family

  • Waterfront Features: Bayou, Creek

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Sardis
  • High School: Chestatee
  • Middle School: Chestatee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2023
Closed on
Mar 24, 2023
Sold by
Gerdes Doug
Bought by
Massey David J and Gerdes Diana Marie
Seller's Agent
Susan Verlander
Marina Bay Properties, LLC.
Buyer's Agent
Susie Evert
Keller Williams Lanier Partners
List Price
$89,900
Sold Price
$89,900
Views
54
Current Estimated Value
$767,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$677,454
Avg. Annual Appreciation
135.82%
Original Mortgage
$67,425
Outstanding Balance
$23,947
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$743,752

Purchase Details

Closed on
Mar 31, 2022
Sold by
Cox Yvonne M
Bought by
Gerdes Doug
Source: Public Records

Range of Values:

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Average Value
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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
Massey David J $89,900 --
Gerdes Doug $64,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Massey David J $67,425
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $89,900 0.0% --
02/11/2023 02/11/23 Pending -- -- --
01/20/2023 01/20/23 For Sale $89,900 -- --
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 $6,361 $254,240 $39,400 $214,840
2023 $725 $30,000 $30,000 $0
2022 $967 $34,000 $34,000 $0
2021 $984 $34,000 $34,000 $0
2020 $633 $20,000 $20,000 $0
2019 $592 $26,440 $26,440 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7165616

First Multiple Listing Service (FMLS)

APN: 10-00017-00-153