NOT LISTED FOR SALE

7440 Colony Ct Cumming, GA 30041

Lake Lanier Neighborhood

Estimated Value: $636,000 - $1,027,000

5 Beds
4.5 Baths
3,378 Sq Ft
$231/Sq Ft Est. Value

Last Sold July 02, 2021

Last sale price $461,000 $136 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $4,723/month

Highlights

  • Dining Room Seats More Than Twelve
  • Deck
  • Oversized primary bedroom
  • Chattahoochee Elementary School Rated A
  • Contemporary Architecture
  • Wood Flooring

About This Home

As of July 2021

APPRAISED $ 615,000 IN 2006. 2 STORY FOYER AND GREAT ROOM.
PRIVATE RETREAT HOME WITH SEASONAL LAKE VIEW/ EXTENSIVE DECKING. NEW PAINTING IN/OUT, NEW CARPET/ RESURFACED HARDWOOD FLOORS ON MAIN. 9-22FT CEILINGS.
MASTER WITH SEATING AREA AND 12X17 DECK.
OPEN KITCHEN WITH MAPLE CABINETS/ GRANITE COUNTER TOP/LARGE ISLAND
FULL DAYLIGHT BASEMENT/STUDDED READY FOR FINISHED. HOME OWNED BY INVESTOR-NO SELLER PROPERTY DISCLOSURE. SALE AS-IS.
SELLER IS MOTIVATED. JUST REDUCED $50K!

Last Agent to Sell the Property

Peter Cao

HomeSmart License #158191 Listed on: 05/06/2021

HomeSmart

Last Buyer's Agent

Carolyn Mains

Keller Williams Realty Atlanta Partners License #359857

Keller Williams Realty Atlanta Partners

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,824

Year Built

  • Built in 2005

Lot Details

  • 0.57 Acre Lot
  • Private Yard
  • Back Yard

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof
  • Three Sided Brick Exterior Elevation

Interior Spaces

  • 3,378 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Ceiling height of 9 feet on the lower level
  • Insulated Windows
  • Two Story Entrance Foyer
  • Great Room with Fireplace
  • Family Room
  • Dining Room Seats More Than Twelve
  • Breakfast Room
  • Formal Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Laundry on upper level

Kitchen

  • Open to Family Room
  • Double Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops
  • Wood Stained Kitchen Cabinets
  • Wine Rack
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Oversized primary bedroom
  • Dual Closets
  • Dual Vanity Sinks in Primary Bathroom

Outdoor Features

  • Deck

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts
  • 110 Volts

Community Details

  • Breeze Bay Colony Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 22
  • Assessor Parcel Number 286 049

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,824

Year Built

Built in 2005

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary/Modern
  • Property Condition: Resale
  • Year Built: 2005
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet, Hardwood
  • Fireplace Features: Great Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Disposal, Double Oven, Microwave
  • Interior Amenities: Bookcases, Entrance Foyer 2 Story, High Ceilings 9 ft Lower, High Ceilings 9 ft Main, High Ceilings 9 ft Upper, His and Hers Closets
  • Basement: Full, Unfinished
  • Kitchen Features: Breakfast Room, Cabinets Other, Cabinets Stain, Kitchen Island, Solid Surface Counters, View to Family Room, Wine Rack
  • Common Walls: No Common Walls
  • Additional Rooms: Family Room, Great Room - 2 Story
  • Dining Room Features: Seats 12+, Separate Dining Room
  • Square Footage: 3378.00
  • Spa Features: None
  • Window Features: Insulated Windows

Beds/Baths

  • Total Bedrooms: 5
  • Bedroom Features: Oversized Master
  • Main Bedrooms: 1
  • Total Bathrooms: 5
  • Total Full Baths: 4
  • Total Half Baths: 1
  • Main Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity

Exterior Features

  • Construction Materials: Brick 3 Sides
  • Roof Type: Composition
  • Patio And Porch Features: Deck
  • Exterior Features: Private Yard
  • Foundation: Slab

Garage/Parking

  • Parking Features: Attached

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Central, Natural Gas
  • Laundry Features: Upper Floor
  • Utilities: Electricity Available, Natural Gas Available
  • Electric: 110 Volts, 220 Volts

Condo/Co-op/Association

  • Association Fee: 150
  • Association Fee Frequency: Annually
  • Association: Yes
  • Home Warranty: Yes
  • Subdivision Complex: Breeze Bay Colony

Schools

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

Lot Info

  • Acres: 0.5700
  • Lot: 22
  • Land/Lot: 777
  • Plat Book: 42
  • Plat Page: 187-1
  • Lot Features: Back Yard
  • Parcel Number: 286 049
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 4824.00
  • Assessor Parcel Number: 286-000-049
  • Close Date: 2021-07-02
  • Tax Year: 2020

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2021
Closed on
Jul 2, 2021
Sold by
Nong Chung
Bought by
Gongwer Robert Kyle and Gongwer Krista Ann
Seller's Agent
Peter Cao
HomeSmart
Buyer's Agent
Carolyn Mains
Keller Williams Realty Atlanta Partners
List Price
$499,000
Sold Price
$461,000
Premium/Discount to List
-$38,000
-7.62%
Current Estimated Value
$779,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,452
Avg. Annual Appreciation
13.06%
Original Mortgage
$414,900
Outstanding Balance
$376,457
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$402,995

Purchase Details

Closed on
Feb 12, 2021
Sold by
Housing Jubilee Trust
Bought by
Nong Chung

Purchase Details

Closed on
Nov 1, 2018
Sold by
Partners Trust
Bought by
Housing Jubilee Trust

Purchase Details

Closed on
Apr 16, 2001
Sold by
Ikpainyang Sophia
Bought by
Partners Trust

Purchase Details

Closed on
Mar 28, 2000
Sold by
Breeze Bay Assoc Limited Partner
Bought by
Ikpainyang Sophia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,960
Interest Rate
8.34%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Gongwer Robert Kyle $461,000 --
Nong Chung -- --
Housing Jubilee Trust -- --
Partners Trust $45,000 --
Ikpainyang Sophia $36,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gongwer Robert Kyle $414,900
Previous Owner Ikpainyang Sophia $39,960
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2021 07/02/21 Sold $461,000 -7.6% $136 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $499,000 -- $148 / 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 $6,925 $273,452 $70,000 $203,452
2024 $6,925 $291,548 $58,000 $233,548
2023 $6,719 $272,980 $48,000 $224,980
2022 $6,023 $183,172 $28,800 $154,372
2021 $5,058 $183,172 $28,800 $154,372
2020 $4,824 $174,684 $28,800 $145,884
2019 $4,555 $164,712 $20,000 $144,712
2018 $4,699 $169,904 $20,000 $149,904
2017 $4,355 $156,904 $24,000 $132,904
2016 $4,355 $156,904 $24,000 $132,904
2015 $4,363 $156,904 $24,000 $132,904
2014 $3,849 $145,380 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Peter Cao

    HomeSmart

    (404) 966-4678

    1 in this area

    36 Total Sales

    Peter Cao
    Section Image
  • Carolyn Mains

    Buyer's Agent in 2021

    Carolyn Mains

    Keller Williams Realty Atlanta Partners

    (770) 310-9431

    3 in this area

    24 Total Sales

    Carolyn Mains
    Section Image
See All Agents

Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6879448

First Multiple Listing Service (FMLS)

APN: 286-049

Georgia Forsyth County Cumming 30041 Lake Lanier

7440 Colony Ct, Cumming, GA

This home is located at 7440 Colony Ct, Cumming, GA 30041 since 06 May 2021 and is currently estimated at $779,452, approximately $230 per square foot. This property was built in 2005. 7440 Colony Ct is a home located in Forsyth County with nearby schools including Chattahoochee Elementary School, Little Mill Middle School, and Cornerstone Schools.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

First Multiple Listing Service (FMLS) Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please visit www.fmls.com/dmca to review our DMCA policy and learn how to submit a takedown request. © 2025 First Multiple Listing Service, Inc.

Nearby Homes