7280 Timber Trail Cumming, GA 30041
Lake Lanier NeighborhoodEstimated Value: $1,397,000 - $1,590,271
4
Beds
3
Baths
3,817
Sq Ft
$390/Sq Ft
Est. Value
About This Home
This home is located at 7280 Timber Trail, Cumming, GA 30041 and is currently estimated at $1,487,318, approximately $389 per square foot. 7280 Timber Trail is a home located in Forsyth County with nearby schools including Chattahoochee Elementary School and Little Mill Middle School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 30, 2025
Sold by
Morrisey Terrance G and Morrisey Elizabeth
Bought by
Shelton Benjamin M
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$438,038
Interest Rate
6.67%
Estimated Equity
$1,049,280
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Home Values in the Area
Average Home Value in this Area
Purchase History
Date | Buyer | Sale Price | Title Company |
---|---|---|---|
Shelton Benjamin M | $1,460,000 | None Listed On Document | |
Morrisey Elizabeth | -- | None Listed On Document | |
Shelton Benjamin M | $1,460,000 | None Listed On Document |
Source: Public Records
Mortgage History
Date | Status | Borrower | Loan Amount |
---|---|---|---|
Open | Shelton Benjamin M | $500,000 | |
Closed | Shelton Benjamin M | $500,000 | |
Open | Shelton Benjamin M | $806,500 | |
Closed | Shelton Benjamin M | $806,500 |
Source: Public Records
Tax History Compared to Growth
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 | $8,343 | $434,264 | $170,000 | $264,264 |
2024 | $8,343 | $427,888 | $170,000 | $257,888 |
2023 | $7,357 | $387,108 | $136,000 | $251,108 |
2022 | $7,686 | $262,768 | $119,000 | $143,768 |
2021 | $6,348 | $262,768 | $119,000 | $143,768 |
2020 | $6,190 | $255,108 | $119,000 | $136,108 |
2019 | $5,546 | $223,484 | $88,400 | $135,084 |
2018 | $5,501 | $219,940 | $88,400 | $131,540 |
2017 | $5,168 | $203,124 | $88,400 | $114,724 |
2016 | $5,096 | $199,724 | $85,000 | $114,724 |
2015 | $4,746 | $182,724 | $68,000 | $114,724 |
2014 | $4,642 | $190,088 | $0 | $0 |
Source: Public Records
Map
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