Seller's Agent in 2020
Joe Rummell
Keller Williams North Atlanta
(678) 516-0860
2 in this area
57 Total Sales
7520 Colony Dr Cumming, GA 30041
Lake Lanier NeighborhoodEstimated Value: $2,510,000 - $2,718,139
5
Beds
6.5
Baths
8,212
Sq Ft
$322/Sq Ft
Est. Value
Highlights
- Boathouse
- 244 Feet of Waterfront
- Boating
- Chattahoochee Elementary School Rated A
- Covered dock with two slips
- Deep Water Access
About This Home
As of October 2020DEEP OPEN WATER! Stunning panoramic views of the broadest part of Lake Lanier! Private gated estate with every sought after feature imaginable for luxurious lake living. This custom-built home is on the southernmost end of the lake in Forsyth county. The open floor plan was designed for entertaining, with 11-13 ft. ceilings, a state-of-the-art kitchen with Sub Zero and Dacor appliances, and 5 en suite bedrooms. The terrace level features a full kitchen, home theater and billiards room. Over-sized garage can fit up to 6 cars. Saltwater pebbletec pool and spa. Unsurpassed quality! Four sides brick home and reinforced with steel. Over-sized 32’ x 32’ double slip dock - 4 stabilizers, 2 boat lifts, 2 drive on floating Jet Ski ports, composite decking, gutter system, full electrical, lighting, ladder, waterproof lower level. Seawall constructed with Riprap. Additional features include: Zoned irrigation system sourced by lake water. Professionally installed gutter screens. Convenient golf cart path to lake. Central vacuum. Security system. Whole house gas generator. 3 fireplaces.
Last Agent to Sell the Property
Keller Williams North Atlanta License #378549 Listed on: 08/19/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,856
Year Built
- Built in 2004
Lot Details
- 0.58 Acre Lot
- 244 Feet of Waterfront
- Lake Front
- Cul-De-Sac
- Private Entrance
- Back and Front Yard Fenced
- Landscaped
- Irrigation Equipment
HOA Fees
- $13 Monthly HOA Fees
Parking
- 4 Car Attached Garage
- Parking Pad
- Rear-Facing Garage
- Garage Door Opener
- Driveway
Home Design
- Traditional Architecture
- Composition Roof
- Four Sided Brick Exterior Elevation
Interior Spaces
- 8,212 Sq Ft Home
- 3-Story Property
- Central Vacuum
- Home Theater Equipment
- Bookcases
- Beamed Ceilings
- Coffered Ceiling
- Tray Ceiling
- Cathedral Ceiling
- Ceiling Fan
- Fireplace With Gas Starter
- Insulated Windows
- Private Rear Entry
- Entrance Foyer
- Family Room with Fireplace
- 3 Fireplaces
- Great Room
- Living Room with Fireplace
- Dining Room Seats More Than Twelve
- Formal Dining Room
- Home Theater
- Home Office
- Computer Room
- Library
- Loft
- Bonus Room
- Keeping Room with Fireplace
- Home Gym
- Lake Views
Kitchen
- Second Kitchen
- Open to Family Room
- Breakfast Bar
- Walk-In Pantry
- Double Self-Cleaning Oven
- Gas Cooktop
- Range Hood
- Microwave
- Dishwasher
- Stone Countertops
- White Kitchen Cabinets
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- Sitting Area In Primary Bedroom
- 5 Bedrooms | 1 Primary Bedroom on Main
- Dual Closets
- Walk-In Closet
- In-Law or Guest Suite
- Dual Vanity Sinks in Primary Bathroom
- Separate Shower in Primary Bathroom
Laundry
- Laundry Room
- Laundry on lower level
Finished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
- Finished Basement Bathroom
- Natural lighting in basement
Home Security
- Security System Owned
- Security Gate
- Fire and Smoke Detector
Pool
- Heated In Ground Pool
- Saltwater Pool
Outdoor Features
- Deep Water Access
- Party Deck
- Covered dock with two slips
- Boathouse
- Balcony
- Courtyard
- Deck
- Covered Patio or Porch
Schools
- Chattahoochee - Forsyth Elementary School
- Little Mill Middle School
- Forsyth Central High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Underground Utilities
- 220 Volts
- 110 Volts
- Power Generator
- Gas Water Heater
- Septic Tank
- High Speed Internet
- Phone Available
- Cable TV Available
Additional Features
- Accessible Elevator Installed
- Energy-Efficient Appliances
- Property is near shops
Listing and Financial Details
- Tax Lot 16
- Assessor Parcel Number 286 043
Community Details
Overview
- Association Phone (678) 516-6215
- Lake Lanier Breeze Bay Subdivision
- Community Lake
Recreation
- Boating
- Powered Boats Allowed
- Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 19, 2020
Closed on
Oct 16, 2020
Sold by
Peterson Kenneth P
Bought by
Mcguinness Bernard J
Seller's Agent
Joe Rummell
Keller Williams North Atlanta
Buyer's Agent
Laura Collier
Keller Williams Lanier Partners
List Price
$1,735,000
Sold Price
$1,625,000
Premium/Discount to List
-$110,000
-6.34%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,023,285
Avg. Annual Appreciation
10.28%
Original Mortgage
$1,300,000
Outstanding Balance
$1,144,432
Interest Rate
2.35%
Mortgage Type
New Conventional
Estimated Equity
$1,503,853
Purchase Details
Closed on
Jul 25, 2011
Sold by
Palmer Hubert W and Palmer Kathy T
Bought by
Peterson Kenneth P and Peterson Judith C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
3.13%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 12, 2002
Sold by
Golz Raymond A
Bought by
Palmer Hubert W and Palmer Kathy T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.07%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 14, 2001
Sold by
Anderson Russell A
Bought by
Golz Raymond A
Purchase Details
Closed on
Mar 27, 2000
Sold by
Anderson Elizabeth A
Bought by
Anderson Russell A
Purchase Details
Closed on
Mar 22, 2000
Sold by
Shulin Linda D
Bought by
Anderson Elizabeth A
Purchase Details
Closed on
Mar 22, 1995
Sold by
Breeze Bay Asso C L P
Bought by
Shulin Linda D
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mcguinness Bernard J | $1,625,000 | -- | |
| Peterson Kenneth P | $1,400,000 | -- | |
| Palmer Hubert W | $500,000 | -- | |
| Golz Raymond A | -- | -- | |
| Golz Raymond A | $475,000 | -- | |
| Anderson Russell A | -- | -- | |
| Anderson Elizabeth A | -- | -- | |
| Shulin Linda D | $175,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mcguinness Bernard J | $1,300,000 | |
| Previous Owner | Peterson Kenneth P | $740,000 | |
| Previous Owner | Palmer Hubert W | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/16/2020 10/16/20 | Sold | $1,625,000 | -6.3% | $198 / Sq Ft |
| 08/26/2020 08/26/20 | Pending | -- | -- | -- |
| 08/19/2020 08/19/20 | For Sale | $1,735,000 | -- | $211 / Sq Ft |
Source: First Multiple Listing Service (FMLS)
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 | $22,139 | $915,368 | $230,000 | $685,368 |
| 2024 | $22,139 | $902,820 | $230,000 | $672,820 |
| 2023 | $20,318 | $825,476 | $184,000 | $641,476 |
| 2022 | $19,095 | $615,416 | $161,000 | $454,416 |
| 2021 | $16,994 | $615,416 | $161,000 | $454,416 |
| 2020 | $12,770 | $513,212 | $154,000 | $359,212 |
| 2019 | $14,856 | $537,200 | $154,000 | $383,200 |
| 2018 | $15,046 | $544,072 | $154,000 | $390,072 |
| 2017 | $4,259 | $566,048 | $180,000 | $386,048 |
| 2016 | $4,259 | $566,048 | $180,000 | $386,048 |
| 2015 | $4,259 | $566,048 | $180,000 | $386,048 |
| 2014 | $13,952 | $530,284 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Rummell
-
Laura Collier
Buyer's Agent in 2020
Laura Collier
Keller Williams Lanier Partners
(317) 379-3273
30 in this area
115 Total Sales
Map
Source: First Multiple Listing Service (FMLS)
MLS Number: 6769527
APN: 286-043
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