NOT LISTED FOR SALE

7240 Lanier Cove Ct Cumming, GA 30041

Lake Lanier Neighborhood

Estimated Value: $489,000 - $531,000

4 Beds
3.5 Baths
2,122 Sq Ft
$237/Sq Ft Est. Value

Last Sold March 25, 2020

Last sale price $287,600 $136 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,133/month

Highlights

  • Sitting Area In Primary Bedroom
  • Deck
  • Wood Flooring
  • Chattahoochee Elementary School Rated A
  • Traditional Architecture
  • Community Pool

About This Home

As of March 2020

In-Law/Teen Suite in finished basement features family room, bathroom and full kitchen with a private entrance!! This charming home is nestled on a large lot in a quiet subdivision! Hardwood floors, formal living and dining room, upstairs laundry and so much more!! Just minutes to 400, shopping, dining and Lake Lanier! Don't miss this one!

Last Agent to Sell the Property

Dara Franks

Maximum One Premier Realtors License #375971 Listed on: 01/25/2020

Maximum One Premier Realtors

Last Buyer's Agent

Brad Weiner

Realty On Main License #344368

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,609

Year Built

  • Built in 1998

Lot Details

  • 0.59 Acre Lot
  • Private Entrance
  • Landscaped
  • Back and Front Yard

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Vinyl Siding
  • Brick Front

Interior Spaces

  • 2,122 Sq Ft Home
  • 2-Story Property
  • Fireplace With Gas Starter
  • Private Rear Entry
  • Two Story Entrance Foyer
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Pull Down Stairs to Attic
  • Laundry on upper level

Kitchen

  • Open to Family Room
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • Walk-In Closet
  • In-Law or Guest Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Finished Basement Bathroom

Outdoor Features

  • Deck
  • Front Porch

Location

  • Property is near schools
  • Property is near shops

Schools

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

Utilities

  • Central Heating and Cooling System
  • Air Source Heat Pump
  • Septic Tank
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 80
  • Assessor Parcel Number 283 241

Community Details

Overview

  • Timberline At Lanier Subdivision

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,609

Year Built

Built in 1998

Lot Details

0

HOA Fees

$50 per month

Parking

2

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: Carpet, Ceramic Tile, Hardwood
  • Fireplace Features: Family Room, Gas Starter
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Gas Cooktop, Gas Oven, Microwave
  • Interior Amenities: Disappearing Attic Stairs, Double Vanity, Entrance Foyer, Entrance Foyer 2 Story, Walk-In Closet(s)
  • Basement: Finished, Finished Bath, Full, Interior Entry
  • Kitchen Features: Pantry, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Family Room, Living Room
  • Dining Room Features: Separate Dining Room
  • Square Footage: 2122.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 4
  • Bedroom Features: In-Law Suite/Apartment, Sitting Room
  • Lower Bedrooms: 1
  • Total Bathrooms: 4
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Lower Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Separate Tub/Shower

Exterior Features

  • Construction Materials: Brick Front, Vinyl Siding
  • Roof Type: Shingle
  • Patio And Porch Features: Deck, Front Porch
  • Exterior Features: Private Front Entry, Private Rear Entry

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Parking Features: Attached, Driveway, Garage, Garage Faces Side

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air, Heat Pump
  • Heating: Central, Heat Pump
  • Laundry Features: Upper Floor
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Electric: None

Condo/Co-op/Association

  • Community Features: Homeowners Assoc, Near Schools, Near Shopping, Playground, Pool, Tennis Court(s)
  • Association Fee: 600
  • Association Fee Frequency: Annually
  • Association: Yes
  • Subdivision Complex: Timberline at Lanier

Schools

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

Lot Info

  • Acres: 0.5900
  • Lot: 80
  • Land/Lot: 802
  • Section G M D: 1st
  • Plat Book: 52
  • Plat Page: 63-66
  • Lot Features: Back Yard, Front Yard, Landscaped
  • Parcel Number: 283 241
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 2609.00
  • Assessor Parcel Number: 283 241
  • Close Date: 2020-03-25
  • Tax Year: 2017

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2020
Closed on
Mar 25, 2020
Sold by
Bray Marty Noelle
Bought by
Gierum Steven John and Gierum Tamara Marlene
Seller's Agent
Dara Franks
Maximum One Premier Realtors
Buyer's Agent
Brad Weiner
Realty On Main
List Price
$299,999
Sold Price
$287,600
Premium/Discount to List
-$12,399
-4.13%
Current Estimated Value
$503,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,146
Avg. Annual Appreciation
10.69%
Original Mortgage
$195,000
Outstanding Balance
$172,746
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$331,000

Purchase Details

Closed on
Jun 27, 2016
Sold by
Welk Lawrence
Bought by
Neville Marty Bray

Purchase Details

Closed on
Sep 12, 2006
Sold by
Ivey Garry A and Ivey Sherry H
Bought by
Welk Lawrence

Purchase Details

Closed on
Apr 22, 1999
Sold by
Custom One Homes Llc
Bought by
Ivey Garry A and Ivey Sherry H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.13%
Mortgage Type
New Conventional
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
Gierum Steven John $287,600 --
Neville Marty Bray $235,000 --
Welk Lawrence $206,500 --
Ivey Garry A $170,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gierum Steven John $195,000
Previous Owner Ivey Garry A $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2020 03/25/20 Sold $287,600 -4.1% $136 / Sq Ft
02/21/2020 02/21/20 Pending -- -- --
02/04/2020 02/04/20 Price Changed $299,899 0.0% $141 / Sq Ft
01/25/2020 01/25/20 For Sale $299,999 -- $141 / 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 $4,961 $206,596 $48,000 $158,596
2024 $4,961 $202,288 $40,000 $162,288
2023 $4,808 $195,328 $40,000 $155,328
2022 $3,878 $115,040 $17,880 $97,160
2021 $3,177 $115,040 $17,880 $97,160
2020 $2,907 $105,284 $18,000 $87,284
2019 $2,893 $104,600 $18,000 $86,600
2018 $2,913 $105,352 $18,000 $87,352
2017 $2,609 $94,000 $15,080 $78,920
2016 $1,874 $74,668 $12,000 $62,668
2015 $1,792 $70,628 $12,000 $58,628
2014 $1,600 $65,732 $12,000 $53,732
Source: Public Records

Agents Affiliated with this Home

  • Dara Franks

    Seller's Agent in 2020

    Dara Franks

    Maximum One Premier Realtors

    (404) 536-6900

    6 in this area

    17 Total Sales

    Dara Franks
    Section Image
  • Brad Weiner

    Buyer's Agent in 2020

    Brad Weiner

    Realty On Main

    (678) 540-4000

    2 in this area

    50 Total Sales

    Brad Weiner
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6671795

First Multiple Listing Service (FMLS)

APN: 283-241

Georgia Forsyth County Cumming 30041 Lake Lanier

7240 Lanier Cove Ct, Cumming, GA

This home is located at 7240 Lanier Cove Ct, Cumming, GA 30041 since 25 January 2020 and is currently estimated at $503,746, approximately $237 per square foot. This property was built in 1998. 7240 Lanier Cove Ct is a home located in Forsyth County with nearby schools including Chattahoochee Elementary School, Little Mill Middle School, and Cornerstone Schools.

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