NOT LISTED FOR SALE

777 Drum Point Way Midway, GA 31320

Estimated Value: $237,405 - $323,000

3 Beds
1 Bath
1,008 Sq Ft
$264/Sq Ft Est. Value

Last Sold April 18, 2022

Last sale price $200,000 $198 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,699/month

37 Days on Market

Highlights

  • Boat Ramp
  • Rustic Architecture
  • Property fronts a marsh

About This Home

As of April 2022

Rustic cottage on 1.61 Acres on marsh front with west water views. Use as your retreat or live here while you build something new. Enjoy the sunsets on the family size screened front porch. Community dock with boat slip. Oak trees and azalea abound.

Last Agent to Sell the Property

Linda Hawk

Ballast Real Estate, LLC License #246553 Listed on: 03/11/2022

Last Buyer's Agent

Linda Hawk

Ballast Real Estate, LLC License #246553 Listed on: 03/11/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,131

Year Built

  • Built in 1940

Lot Details

  • 1.61 Acre Lot
  • Property fronts a marsh
  • Dirt Road

HOA Fees

  • $13 Monthly HOA Fees

Home Design

  • Rustic Architecture

Interior Spaces

  • 1,008 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 355A-002

Community Details

Overview

  • Half Moon Club Association

Recreation

  • Boat Ramp

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,131

Year Built

Built in 1940

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Construction: Wood
  • Current Zoning: R1
  • Flood Insurance: Yes
  • Legal Description: LT 4 TIMMONS MARSH S/D
  • Legal Subdivision: Timmons Marsh
  • List Price Per Sq Ft: 248.02
  • Property Sub Type: Stick Built
  • Property Type: Residential
  • Road Surface: Asphalt, Dirt, Gravel
  • Style: Country/Rustic
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 3
  • Total Sq Ft: 1008

Exterior Features

  • Water Frontage Type: Marsh Front
  • Waterfront: Yes

Utilities

  • Cooling Type: Window
  • Heating Type: Wall Unit
  • Num Cooling Units: 3
  • Num Heating Units: 1
  • Num Water Heaters: 1
  • Sewer: Septic Tank
  • Water Heater Type: Electric

Condo/Co-op/Association

  • Association Fee: 150
  • Association Fee Frequency: Annual
  • Association Name: Half Moon Club
  • Association: Yes
  • Community: Boat Ramp

Lot Info

  • List Price Per Acre: 155279.50
  • Lot Num: 4
  • Lot Size Sq Ft: 70132
  • Num Acres: 1.6100
  • Parcel Number: 355A-002
  • Property Description: Estate Lot

Tax Info

  • Annual Tax: 2131

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2022
Closed on
Apr 18, 2022
Sold by
Nichols Judith Wilson
Bought by
Lormis Matthew A and Lormis Summer R
Seller's Agent
Linda Hawk
Ballast Real Estate, LLC
Buyer's Agent
Linda Hawk
Ballast Real Estate, LLC
List Price
$250,000
Sold Price
$200,000
Premium/Discount to List
-$50,000
-20%
Current Estimated Value
$265,851

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,851
Avg. Annual Appreciation
9.27%
Original Mortgage
$160,000
Outstanding Balance
$151,116
Interest Rate
3.76%
Mortgage Type
Mortgage Modification
Estimated Equity
$114,735

Purchase Details

Closed on
Oct 30, 2015
Sold by
Nichols Judith W
Bought by
Wilson V Ellen

Purchase Details

Closed on
Dec 10, 2004
Sold by
Wilson Virginia B
Bought by
Hatcher Ellen Wilson

Purchase Details

Closed on
Feb 4, 1969
Bought by
Wilson Virginia B
Source: Public Records

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Range of Values:

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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
Lormis Matthew A $200,000 --
Wilson V Ellen -- --
Nichols Judith W $45,000 --
Nichols Judith W $45,000 --
Hatcher Ellen Wilson $70,000 --
Hatcher Ellen Wilson $70,000 --
Wilson Virginia B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lormis Matthew A $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2022 04/18/22 Sold $200,000 -20.0% $198 / Sq Ft
03/11/2022 03/11/22 For Sale $250,000 -- $248 / Sq Ft
Source: Savannah Multi-List Corporation

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 $2,704 $61,228 $44,352 $16,876
2023 $2,704 $59,374 $44,352 $15,022
2022 $2,147 $51,260 $44,352 $6,908
2021 $2,125 $50,874 $44,352 $6,522
2020 $2,131 $51,094 $44,352 $6,742
2019 $2,088 $51,310 $44,352 $6,958
2018 $2,073 $51,526 $44,352 $7,174
2017 $1,749 $53,127 $45,738 $7,389
2016 $2,003 $53,343 $45,738 $7,605
2015 $2,775 $57,501 $49,896 $7,605
2014 $2,775 $74,932 $66,528 $8,404
2013 -- $74,688 $66,528 $8,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Savannah Multi-List Corporation

MLS Number: 265326

Savannah Multi-List Corporation

APN: 355A-002