NOT LISTED FOR SALE

7235 Flowery Branch Rd Cumming, GA 30041

Lake Lanier Neighborhood

Estimated Value: $2,188,000 - $4,305,000

7 Beds
8.5 Baths
10,470 Sq Ft
$334/Sq Ft Est. Value

Last Sold September 10, 2021

Last sale price $3,250,000 $310 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $20,426/month

73 Days on Market

Highlights

  • 450 Feet of Waterfront
  • Covered dock with two slips
  • Cabana
  • Chattahoochee Elementary School Rated A
  • Deep Water Access
  • Lake On Lot

About This Home

As of September 2021

THE MOST PRESTIGIOUS ADDRESS ON LAKE LANIER! CUSTOM BUILT BY RESTAURANT ENTREPRENEUR CO FOUNDER OF LONGHORN STEAKHOUSE! BREATHTAKING VIEWS FOR MILES!! THIS CUSTOM DREAM HOME WILL EXCEED ALL EXPECTATIONS! THIS GATED ESTATE IS A 5 STAR RESORT YEAR ROUND! PAR 3 GOLF COURSE, ACRES OF LUSH LANDSCAPING, VOLLEYBALL, OUTDOOR BAR AND CABANA, OVERSIZED POOL, SEPERATED GUEST HOUSE, PARTY DOCK, ENTERTAIN 100'S OF FAMILY AND FRIENDS WITH PARKING FOR EVERYONE! THE INTERIOR FINISHES IN THIS DREAM HOME ARE LIKE NOTHING YOU HAVE SEEN! EVERYTHING IS OPEN AND BRIGHT WITH SOARING CUSTOM BEAMED CEILINGS, IMPORTED WOOD AND STONE ARE EVERYWHERE AND ABSOLUTLY NO DETAIL WAS MISSED! GOURNET KITCHEN IS LOADED WITH MULTIPLE COOKING STATIONS, PREP STATIONS ECT. MASTER ON MAIN IS OVERSIZED WITH VIEWS OF LAKE AND OPEN TO SPA BATH! TERRACE LEVEL IS ENTERTAINERS DELIGHT WITH GAME ROOM, STEAM ROOM, BILLIARDS, IMPORTED PUB BAR, EXERCISE ROOM AND MUCH MORE! IF YOU ARE LOOKING FOR THE FINEST OF THE FINEST WITH PRIVACY AND LUXURY YOU HAVE JUST FOUND IT! DON'T MISS THE OPPORTUNITY TO OWN THE "CROWN JEWEL"
ON LAKE LANIER! EXPECT TO BE IMPRESSED!

Last Listed By

BOB SCHALIT

NorthGroup Real Estate License #210637 Listed on: 06/18/2021

NorthGroup Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,424

Year Built

  • Built in 1998

Lot Details

  • 4.56 Acre Lot
  • 450 Feet of Waterfront
  • Lake Front
  • Property borders a national or state park
  • Stone Wall
  • Privacy Fence
  • Brick Fence
  • Irrigation Equipment
  • Back Yard

Parking

  • 4 Car Detached Garage

Home Design

  • Carriage House
  • Traditional Architecture
  • Metal Roof
  • Stone Siding
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 10,470 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Factory Built Fireplace
  • Circulating Fireplace
  • Awning
  • Insulated Windows
  • Shutters
  • Two Story Entrance Foyer
  • Family Room with Fireplace
  • 4 Fireplaces
  • Second Story Great Room
  • Dining Room Seats More Than Twelve
  • Breakfast Room
  • Computer Room
  • Den
  • Bonus Room
  • Home Gym
  • Keeping Room
  • Lake Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Butlers Pantry
  • Double Oven
  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Kitchen Island
  • White Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Pine Flooring
  • Stone

Bedrooms and Bathrooms

  • Oversized primary bedroom
  • 7 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Separate his and hers bathrooms
  • In-Law or Guest Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry on lower level

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Fireplace in Basement
  • Finished Basement Bathroom
  • Natural lighting in basement

Home Security

  • Security Lights
  • Security Gate

Pool

  • Cabana
  • Heated In Ground Pool
  • Gunite Pool
  • Spa

Outdoor Features

  • Deep Water Access
  • Covered dock with two slips
  • Lake On Lot
  • Courtyard
  • Deck
  • Enclosed patio or porch
  • Gazebo

Schools

  • Chattahoochee - Forsyth Elementary School
  • North Forsyth Middle School
  • North Forsyth High School

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Underground Utilities
  • 220 Volts
  • 110 Volts
  • Septic Tank
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 273 031

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,424

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Condition: Resale
  • Year Built: 1998
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Hardwood, Pine, Stone
  • Fireplace Features: Basement, Circulating, Factory Built, Family Room
  • Number Of Fireplaces: 4
  • Other Equipment: Irrigation Equipment
  • Appliances: Dishwasher, Disposal, Double Oven, Gas Cooktop, Gas Oven, Gas Range
  • Interior Amenities: Beamed Ceilings, Bookcases, Cathedral Ceiling(s), Double Vanity, Entrance Foyer, Entrance Foyer 2 Story
  • Basement: Daylight, Finished, Finished Bath, Full, Interior Entry
  • Kitchen Features: Breakfast Bar, Breakfast Room, Cabinets White, Eat-in Kitchen, Keeping Room, Kitchen Island
  • Common Walls: No Common Walls
  • Additional Rooms: Bonus Room, Computer Room, Den, Exercise Room, Family Room, Great Room - 2 Story
  • Dining Room Features: Butlers Pantry, Seats 12+
  • Square Footage: 10470.00
  • Spa Features: Private
  • Window Features: Insulated Windows, Shutters

Beds/Baths

  • Total Bedrooms: 7
  • Bedroom Features: In-Law Suite/Apartment, Master on Main, Oversized Master
  • Lower Bedrooms: 1
  • Main Bedrooms: 3
  • Total Bathrooms: 9
  • Total Full Baths: 8
  • Total Half Baths: 1
  • Lower Full Bathrooms: 1
  • Main Full Bathrooms: 4
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Separate His/Hers, Separate Tub/Shower

Exterior Features

  • Other Structures: Cabana, Carriage House, Garage(s), Gazebo
  • Waterfront Frontage: 450
  • Construction Materials: Cedar, Stone
  • Roof Type: Metal
  • Lake Name: Lanier
  • Fencing: Brick, Fenced, Privacy, Stone
  • Patio And Porch Features: Covered, Deck, Enclosed
  • Exterior Features: Awning(s), Courtyard
  • Pool Features: Gunite, Heated, In Ground
  • View: Lake
  • Pool Private: Yes
  • Foundation: Concrete Perimeter

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking Features: Detached

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Security Gate, Security Lights
  • Cooling: Ceiling Fan(s), Central Air, Zoned
  • Heating: Baseboard, Forced Air, Natural Gas
  • Laundry Features: Laundry Room, Lower Level
  • Utilities: Cable Available, Natural Gas Available, Phone Available, Underground Utilities, Water Available
  • Electric: 110 Volts, 220 Volts

Schools

  • Elementary School: Chattahoochee - Forsyth
  • Middle School: North Forsyth
  • High School: North Forsyth

Lot Info

  • Acres: 4.5600
  • Lot Features: Back Yard, Borders US/State Park, Lake On Lot, Private
  • Lot Dimensions: x
  • Parcel Number: 273 031
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 4424.00
  • Close Date: 2021-09-10
  • Tax Year: 2019

Multi Family

  • Waterfront Features: Lake, Lake Front

MLS Schools

  • Elementary School: Chattahoochee - Forsyth
  • High School: North Forsyth
  • Middle School: North Forsyth

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 2022
Sold by
Norman Joseph W
Bought by
Anton Steven and Anton Kareen
Total Days on Market
73
Current Estimated Value
$3,499,782

Purchase Details

Closed on
Jul 18, 2022
Sold by
Seda David E
Bought by
Welch James Carter and Welch Kristy Michelle

Purchase Details

Closed on
Jun 20, 2022
Sold by
Fischer Homes Atl Ii Llc
Bought by
Velez Patricia Lima and Velez Steven Paul

Purchase Details

Listed on
Jun 18, 2021
Closed on
Sep 10, 2021
Sold by
Norman Joseph William
Bought by
Anton Steven and Anton Kareen
Seller's Agent
BOB SCHALIT
NorthGroup Real Estate
Buyer's Agent
Tammie Carter
Engel & Völkers Atlanta
List Price
$3,975,000
Sold Price
$3,250,000
Premium/Discount to List
-$725,000
-18.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-48.23%

Purchase Details

Closed on
Jun 24, 1997
Sold by
Chan Chung Kwai
Bought by
Norman Joseph W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
7.93%
Mortgage Type
New Conventional

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
Anton Steven -- Okelley & Sorohan Attorneys At
Welch James Carter $550,000 Okelley & Sorohan Attorneys At
Velez Patricia Lima $521,000 None Listed On Document
Anton Steven $3,250,000 --
Norman Joseph W $498,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Norman Joseph W $200,000
Previous Owner Norman Joseph W $98,000
Previous Owner Norman Joseph W $420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2021 09/10/21 Sold $3,250,000 -6.9% $310 / Sq Ft
08/16/2021 08/16/21 Price Changed $3,492,000 -6.9% $334 / Sq Ft
07/14/2021 07/14/21 Price Changed $3,752,000 -4.8% $358 / Sq Ft
06/29/2021 06/29/21 Price Changed $3,942,000 -0.8% $377 / Sq Ft
06/18/2021 06/18/21 For Sale $3,975,000 -- $380 / 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 $10,026 $1,348,588 $319,260 $1,029,328
2023 $9,835 $1,268,552 $277,480 $991,072
2022 $28,758 $686,076 $214,760 $471,316
2021 $4,445 $686,076 $214,760 $471,316
2020 $4,424 $664,220 $211,200 $453,020
2019 $4,473 $687,324 $237,120 $450,204
2018 $17,438 $658,664 $237,120 $421,544
2017 $17,123 $640,672 $237,120 $403,552
2016 $16,930 $631,552 $228,000 $403,552
2015 $15,996 $585,952 $182,400 $403,552
2014 $14,476 $550,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6901921

First Multiple Listing Service (FMLS)

APN: 273-031