$593,142
SOLD OCT 12, 2022

7470 Wallace Tatum Rd Cumming, GA 30028

13 Acres
$47,300 Price per Acre
546,242 Sq Ft Lot

Recently Sold

$465 Per Sq Ft

14% Below List Price

41 Days on Market

Highlights

  • Home fronts a creek
  • Wooded Lot
  • Property is near schools
  • Matt Elementary School Rated A
  • No HOA

About This Lot

As of May 2024

Developers dream! Located in popular North Forsyth near excellent schools, this land has endless potential for residential use. Come build your dream home or develop multiple lots inside Tatum Ridge subdivision. Gently rolling land features pines and hardwoods along with a small creek. Must see! Priced to sell.

Last Agent to Sell the Property

Kimberly Staton

Keller Williams Community Partners License #420070 Listed on: 07/11/2022

Keller Williams Community Partners

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,926

Lot Details

  • 12.54 Acre Lot
  • Home fronts a creek
  • Property fronts a county road
  • Sloped Lot
  • Wooded Lot

Location

  • Property is near schools

Schools

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

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$6,926

Lot Details

0

Listing Details

  • Property Type: Land
  • Financing Type: Cash
  • Lot Size Acres: 12.54
  • Other Sturctures: None
  • Property Sub-Type: Unimproved Land
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Land Use Restrictions: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 55023.9
  • Possible Use: Residential

Exterior Features

  • Lot Features: Other, Sloped
  • Waterfront Features: Creek

Utilities

  • Sewer: None
  • Utilities: Other
  • Water Source: None

Condo/Co-op/Association

  • Association: No
  • Community Features: Walk To Schools

Schools

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

Lot Info

  • Deed Book: 3271
  • Deed Page: 192
  • CurrentUse: Unimproved

Tax Info

  • Year: 2022
  • Tax Annual Amount: 6926

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%
Views
103
Current Estimated Value
$632,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,279
Avg. Annual Appreciation
2.69%
Original Mortgage
$315,000
Outstanding Balance
$175,908
Interest Rate
6.79%
Mortgage Type
Seller Take Back
Estimated Equity
$459,699

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
Source: Public Records

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 Type Sale Price Title Company
Special Warranty Deed $615,000 None Listed On Document
Special Warranty Deed $593,200 --
Deed $700,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $315,000 Seller Take Back
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: Georgia MLS

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

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Map

Source: Georgia MLS

MLS Number: 10069027

Georgia MLS

APN: 071-016