$540,000
SOLD FEB 28, 2025

788 Sherwood Rd Gainesville, GA 30501

5 Beds
3 Baths
3,344 Sq Ft
3.38 Acres

Recently Sold

$161 Per Sq Ft

9% Below List Price

78 Days on Market

Highlights

  • Access To Lake
  • Deck
  • Wood Flooring
  • Community Lake
  • Family Room with Fireplace
  • Main Floor Primary Bedroom

About This Home

As of February 2025

BACK ON MARKET - no fault of sellers Welcome to Gainesville City Living Nestled on the middle of 3 combined wooded lots, this charming 5-bedroom, 3-bathroom home offers a perfect blend of comfort and potential. With 3,344 square feet of living space, this property provides ample room for both relaxation and entertainment. The main level has three bedrooms, including the master bedroom, and two bathrooms. Hardwood floors grace the bedrooms and hallways, adding a touch of elegance to the space. The eat-in kitchen, open to the family room, creates an inviting atmosphere for casual gatherings. For more formal occasions, separate dining and living rooms await your personal touch. Upstairs, two additional bedrooms offer flexibility for growing families or guest accommodations. The unfinished basement presents exciting possibilities for customization, whether you envision a home theater, workshop, or recreational space. A wood-burning fireplace in the basement adds rustic charm and warmth during cooler months. Outdoor enthusiasts will appreciate the screened porch, perfect for enjoying nature without the nuisance of insects. The property's lake access is a rare gem, allowing you to embrace lake living without the hassle of dock maintenance. Recent updates include a newer roof, ensuring peace of mind for years to come. The home features central air conditioning and natural gas heat for year-round comfort, while two gas fireplaces on the main level provide cozy focal points. Conveniently located near Gainesville's amenities, including Wessell Park and Northeast Georgia Medical Center, this property offers a serene retreat with urban conveniences just minutes away. With no HOA restrictions, you're free to make this house truly your own. Don't miss the opportunity to transform this diamond in the rough into your dream home!

Last Agent to Sell the Property

Judi Chandler

Waldrip Real Estate License #411208 Listed on: 11/11/2024

Last Buyer's Agent

mike cherwenka

Virtual Properties Realty.com License #417172

Virtual Properties Realty.com

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,736

Year Built

  • Built in 1957

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 3-Story Property
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Family Room with Fireplace
  • 3 Fireplaces
  • Formal Dining Room
  • Den
  • Screened Porch
  • Laundry Room

Kitchen

  • Oven or Range
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement

Parking

  • Carport
  • Parking Pad

Outdoor Features

  • Access To Lake
  • No Dock Rights
  • Deck

Schools

  • Centennial Elementary School
  • Gainesville Middle School
  • Gainesville High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • 3.38 Acre Lot
  • City Lot

Community Details

Overview

  • No Home Owners Association
  • Forest Hills Subdivision
  • Community Lake

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,736

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1957
  • Electric: 220 Volts
  • Financing Type: Other
  • Levels: Three Or More
  • Lot Size Acres: 3.38
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 3344
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Ice Maker, Oven/Range (Combo), Refrigerator
  • Bedrooms: 5
  • Dining Room Features: Separate Room
  • Basement: Full, Unfinished
  • Total Finished Sq Ft: 3344
  • Unfinished Below Grade Sq Ft: 2464
  • Above Grade Finished Sq Ft: 3344
  • Interior Amenities: Master On Main Level
  • Feature Name: Lanier
  • Full Bathrooms: 3
  • Fireplace Features: Basement, Family Room, Gas Log, Masonry
  • Flooring: Carpet, Hardwood
  • Price Per Square Foot: 162.230

Beds/Baths

  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1
  • Bedroom Main Level: 3

Exterior Features

  • Construction Materials: Brick
  • Lot Features: City Lot
  • Patio And Porch Features: Deck, Porch, Screened
  • Property Condition: Resale
  • Roof: Composition
  • Waterfront Features: Lake Access, No Dock Or Boathouse, No Dock Rights

Garage/Parking

  • Parking Features: Carport, Parking Pad

Utilities

  • Cooling: Central Air
  • Heating: Central, Natural Gas
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Lake

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Centennial
  • High School: Gainesville
  • Middle School: Gainesville
  • Elementary School: Centennial
  • Middle School: Gainesville
  • High School: Gainesville

Multi Family

  • Total Fireplaces: 3

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1736.15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2024
Closed on
Feb 28, 2025
Sold by
Pool Betty F
Bought by
Cherwenka Investments Llc
Seller's Agent
Judi Chandler
Waldrip Real Estate
Buyer's Agent
mike cherwenka
Virtual Properties Realty.com
List Price
$595,000
Sold Price
$540,000
Premium/Discount to List
-$55,000
-9.24%
Total Days on Market
78
Views
135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.06%
Original Mortgage
$628,678
Outstanding Balance
$526,900
Interest Rate
6.95%
Mortgage Type
Mortgage Modification
Estimated Equity
$30,371

Purchase Details

Closed on
Oct 15, 1997
Sold by
Pool Leland L
Bought by
Pool Betty F
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 Type Sale Price Title Company
Warranty Deed $540,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $628,678 Mortgage Modification
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 Price Changed $869,500 -1.1% $147 / Sq Ft
05/28/2025 05/28/25 Price Changed $879,500 -2.2% $149 / Sq Ft
05/14/2025 05/14/25 For Sale $899,500 +66.6% $152 / Sq Ft
02/28/2025 02/28/25 Sold $540,000 -9.2% $161 / Sq Ft
01/28/2025 01/28/25 Pending -- -- --
01/14/2025 01/14/25 For Sale $595,000 0.0% $178 / Sq Ft
01/03/2025 01/03/25 Pending -- -- --
11/11/2024 11/11/24 For Sale $595,000 -- $178 / 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 $2,356 $179,760 $104,120 $75,640
2023 $2,186 $158,480 $83,120 $75,360
2022 $676 $145,360 $82,040 $63,320
2021 $677 $132,080 $65,600 $66,480
2020 $1,696 $126,200 $65,600 $60,600
2019 $1,752 $126,200 $65,600 $60,600
2018 $737 $151,440 $86,240 $65,200
2017 $810 $122,880 $57,480 $65,400
2016 $1,606 $122,880 $57,480 $65,400
2015 $1,074 $122,880 $57,480 $65,400
2014 $1,074 $145,720 $67,640 $78,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10411261

Georgia MLS

APN: 01-00113-04-009