NOT LISTED FOR SALE

7470 Wallace Tatum Rd Cumming, GA 30028

Estimated Value: $600,149 - $635,000

13 Acres
$49,485 Price per Acre
546,242 Sq Ft Lot

Last Sold May 10, 2024

Last sale price $615,000 $482 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,961/month

145 Days on Market

Highlights

  • Private Lot
  • Creek On Lot
  • Property is near schools
  • Matt Elementary School Rated A
  • Wooded Lot

About This Lot

As of May 2024

Family Paradise Awaits in the Heart of North Forsyth! Nestled in the sought-after vicinity of top-notch schools, this expansive property is a haven for those envisioning a perfect family compound. Embrace the endless possibilities for residential bliss as you embark on the journey to construct your dream home or create a series of cherished family retreats within the welcoming embrace of Tatum Ridge subdivision.The gently rolling landscape is adorned with majestic pines and hardwoods, creating a picturesque setting that is both tranquil and enchanting. A babbling creek adds to the charm, providing a serene backdrop for your family's daily adventures.This property is a must-see for those who value the essence of family living. Priced to sell, it's a rare opportunity to turn dreams into reality. Don't miss out on the chance to build a legacy of memories in this family-friendly haven! Owner will consider OWNER FINANCING.

Last Listed By

James Hulsey

Keller Williams North Atlanta License #378783 Listed on: 10/11/2023

Keller Williams North Atlanta

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,567

Year Built

  • 1906

Lot Details

  • 12.54 Acre Lot
  • Property fronts a county road
  • Private Lot
  • Wooded Lot
  • Landscaped with Trees
  • Property is zoned RES2

Schools

  • Matt Elementary School
  • Liberty - Forsyth Middle School
  • West Forsyth High School

Utilities

  • Underground Utilities
  • Phone Available
  • Cable TV Available

Additional Features

  • Creek On Lot
  • Property is near schools

Listing and Financial Details

  • Assessor Parcel Number 071 016

Property Details

Property Type

Land

Est. Annual Taxes

$4,567

Year Built

1906

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Legal Description: 3-1 420-445
  • Property Type: Land
  • MLS Status: Closed
  • Property Sub Type: Unimproved Land
  • Current Classification: Undeveloped/Zoned Residential
  • Special Features: None
  • Year Built: 1906

Property Details

  • Property: Land

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Underground Utilities, Water Available

Condo/Co-op/Association

  • Community Features: Near Schools

Schools

  • Elementary School: Matt
  • Middle School: Liberty - Forsyth
  • High School: West Forsyth

Lot Info

  • Acres: 12.5400
  • Timber: Mixed
  • Current Zoning: RES2
  • Deed Book: 10868
  • Deed Page: 754
  • Current Use: Vacant
  • Lot Features: Creek On Lot, Private
  • Lot Dimensions: 12
  • Parcel Number: 071 016
  • Price Acre Dollar: 49043.06
  • Horse Amenities: None
  • Property Attached Yn: No

Tax Info

  • Taxes: 4567.00
  • Assessor Parcel Number: 071-000-016
  • Close Date: 2024-05-10
  • Tax Year: 2022

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Matt
  • High School: West Forsyth
  • Middle School: Liberty - Forsyth

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2023
Closed on
May 10, 2024
Sold by
Henderson Constance
Bought by
Dreams Nest Llc
Seller's Agent
James Hulsey
Keller Williams North Atlanta
Buyer's Agent
Gregory Kurtz
Century 21 Results
List Price
$735,000
Sold Price
$615,000
Premium/Discount to List
-$120,000
-16.33%
Total Days on Market
145
Views
103
Current Estimated Value
$620,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,537
Avg. Annual Appreciation
0.92%
Original Mortgage
$315,000
Outstanding Balance
$175,908
Interest Rate
6.79%
Mortgage Type
Seller Take Back
Estimated Equity
$444,629

Purchase Details

Listed on
Jul 11, 2022
Closed on
Oct 6, 2022
Sold by
Staton Edward
Bought by
Henderson Constance
Seller's Agent
Kimberly Staton
Keller Williams Community Partners
List Price
$690,000
Sold Price
$593,142
Premium/Discount to List
-$96,858
-14.04%
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.32%

Purchase Details

Closed on
Mar 18, 2004
Sold by
Ingram Patricia A and Ingram Edward D
Bought by
Staton Edward C and Staton Brenda

Range of Values:

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Average Value
Not Available
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
Dreams Nest Llc $615,000 None Listed On Document
Henderson Constance $593,200 --
Staton Edward C $700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dreams Nest Llc $315,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2024 05/10/24 Sold $615,000 -11.9% $482 / Sq Ft
03/04/2024 03/04/24 Pending -- -- --
01/05/2024 01/05/24 Price Changed $698,250 -5.0% $547 / Sq Ft
10/11/2023 10/11/23 For Sale $735,000 +23.9% $576 / Sq Ft
10/12/2022 10/12/22 Sold $593,142 -14.0% $465 / Sq Ft
08/22/2022 08/22/22 Pending -- -- --
07/11/2022 07/11/22 For Sale $690,000 -- $541 / 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 $6,248 $254,800 $254,800 --
2023 $4,992 $202,800 $202,800 $0
2022 $4,567 $126,580 $126,580 $0
2021 $3,495 $126,580 $126,580 $0
2020 $3,495 $126,580 $126,580 $0
2019 $4,251 $126,580 $126,580 $0
2018 $3,088 $111,656 $111,656 $0
2017 $2,751 $99,116 $99,116 $0
2016 $2,214 $79,756 $79,756 $0
2015 $2,218 $79,756 $79,756 $0
2014 $2,589 $97,812 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • James Hulsey

    Seller's Agent in 2024

    James Hulsey

    Keller Williams North Atlanta

    (770) 663-7291

    46 Total Sales

    James Hulsey
    Section Image

  • G

    Buyer's Agent in 2024

    Gregory Kurtz

    Century 21 Results

    (678) 851-9599

    36 Total Sales

    Gregory Kurtz
    Section Image
  • Kimberly Staton

    Seller's Agent in 2022

    Kimberly Staton

    Keller Williams Community Partners

    (678) 882-5383

    6 Total Sales

    Kimberly Staton
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7288346

First Multiple Listing Service (FMLS)

APN: 071-016

Georgia Forsyth County Cumming 30028

7470 Wallace Tatum Rd, Cumming, GA

Homes for Sale in Cumming, GA

This home is located at 7470 Wallace Tatum Rd, Cumming, GA 30028 since 11 October 2023 and is currently estimated at $620,537, approximately $486 per square foot. This property was built in 1906. 7470 Wallace Tatum Rd is a home located in Forsyth County with nearby schools including Matt Elementary School, Liberty Middle School, and North Forsyth High School.

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