NOT LISTED FOR SALE

8525 Wallace Tatum Rd Cumming, GA 30028

Estimated Value: $446,000 - $506,000

3 Beds
2 Baths
1,344 Sq Ft
$362/Sq Ft Est. Value

Last Sold November 20, 2023

Last sale price $490,000 $365 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,769/month

15 Days on Market

Highlights

  • Home fronts a creek
  • RV or Boat Parking
  • Wood Flooring
  • Poole's Mill Elementary School Rated A
  • Ranch Style House
  • No HOA

About This Home

As of November 2023

Prime Forsyth County School District!! Situated on Tranquil 4.93 acres on Settingdown Creek with babbling water sounds, this completely remodeled home is beautiful and surrounded by nature, while being only minutes from downtown Cumming, shopping, dining, entertainment, Georgia 400 and Lake Lanier. You will love the bright open floor plan complete with beautiful Painted Beams, Upgraded Judges Paneling, Shiplap, new LVP flooring, light fixtures and more!! Spacious Open Concept on Permanent Foundation! Live here while you build your dream home on the back side of the property and use this beautiful home as a guest house. Huge 40 x 30 Workshop with covered boat storage area has Electricity and HVAC. Hurry, this one will not last!!

Last Agent to Sell the Property

Crystal Chance

Robbins Realty, Inc. License #183268 Listed on: 10/10/2023

Last Buyer's Agent

Glenda Broker

Non-Mls Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,694

Year Built

  • Built in 1991 | Remodeled

Lot Details

  • 4.93 Acre Lot
  • Home fronts a creek
  • Level Lot

Home Design

  • Ranch Style House
  • Block Foundation
  • Metal Roof
  • Concrete Siding

Interior Spaces

  • 1,344 Sq Ft Home
  • Ceiling Fan
  • Double Pane Windows
  • Family Room

Kitchen

  • Breakfast Area or Nook
  • Dishwasher

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • In-Law or Guest Suite
  • 2 Full Bathrooms

Laundry

  • Laundry in Mud Room
  • Laundry in Kitchen

Parking

  • Garage
  • Parking Storage or Cabinetry
  • RV or Boat Parking

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Septic Tank
  • Cable TV Available

Additional Features

  • Energy-Efficient Appliances
  • Separate Outdoor Workshop

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 439

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,694

Year Built

Built in 1991 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • District: 3
  • Section: 1
  • Year Built: 1991
  • ArchitecturalStyle: Ranch
  • Financing Type: FHA
  • GreenEnergyEfficient: Appliances
  • Levels: One
  • Lot Size Acres: 4.93
  • Other Sturctures: Workshop
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 1344
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher
  • Bedrooms: 3
  • Basement: None
  • Total Finished Sq Ft: 1344
  • Above Grade Finished Sq Ft: 1344
  • Interior Amenities: In-Law Floorplan, Master On Main Level
  • Full Bathrooms: 2
  • Flooring: Hardwood, Laminate
  • Kitchen Features: Breakfast Area
  • Window Features: Double Pane Windows
  • Price Per Square Foot: 364.58

Beds/Baths

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

Exterior Features

  • Common Walls: No Common Walls
  • Construction Materials: Concrete
  • Foundation Details: Block
  • Lot Features: Level
  • Property Condition: Updated/Remodeled
  • Roof: Metal
  • Waterfront Features: Creek

Garage/Parking

  • Parking Features: RV/Boat Parking, Storage

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Kitchen, In Mud Room
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

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

Lot Info

  • Land Lot: 439

Tax Info

  • Year: 2022
  • Tax Annual Amount: 2694

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2025
Sold by
Mcclain James T
Bought by
Mcclain James T and Mcclain Buffy F
Current Estimated Value
$486,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Outstanding Balance
$346,765
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$139,937

Purchase Details

Listed on
Oct 10, 2023
Closed on
Nov 17, 2023
Sold by
Tate Joshua N
Bought by
Tate Joshua N and Tate Elizabeth P
Seller's Agent
Crystal Chance
Robbins Realty, Inc.
Buyer's Agent
Glenda Broker
Non-Mls Company
List Price
$524,900
Sold Price
$490,000
Premium/Discount to List
-$34,900
-6.65%
Views
116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.36%
Original Mortgage
$481,124
Interest Rate
7.57%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 10, 2017
Closed on
Feb 13, 2018
Sold by
Cantrell Deborah Kay
Bought by
Hanks John and Hanks Tonya
Seller's Agent
John Wolfe
Virtual Properties Realty. Biz
Buyer's Agent
Robert Strader
Keller Williams Realty Community Partners
List Price
$189,900
Sold Price
$189,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.85%
Original Mortgage
$151,920
Interest Rate
4.04%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Mcclain James T -- None Listed On Document
Mcclain James T $500,000 None Listed On Document
Mcclain James T $500,000 None Listed On Document
Tate Joshua N -- None Listed On Document
Tate Joshua N $490,000 None Listed On Document
Hanks John $189,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcclain James T $348,000
Closed Mcclain James T $348,000
Previous Owner Tate Joshua N $481,124
Previous Owner Hanks John $151,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2023 11/20/23 Sold $490,000 -6.6% $365 / Sq Ft
10/25/2023 10/25/23 Pending -- -- --
10/10/2023 10/10/23 For Sale $524,900 +176.4% $391 / Sq Ft
02/13/2018 02/13/18 Sold $189,900 0.0% $141 / Sq Ft
11/22/2017 11/22/17 Pending -- -- --
11/10/2017 11/10/17 For Sale $189,900 -- $141 / 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
2025 $2,390 $133,404 $129,204 $4,200
2024 $2,390 $101,104 $96,904 $4,200
2023 $2,675 $108,680 $104,360 $4,320
2022 $2,694 $74,604 $70,284 $4,320
2021 $2,060 $74,604 $70,284 $4,320
2020 $2,063 $74,724 $70,284 $4,440
2019 $1,651 $59,704 $54,664 $5,040
2018 $1,355 $59,704 $54,664 $5,040
2017 $1,251 $54,496 $49,456 $5,040
2016 $1,031 $44,084 $39,044 $5,040
2015 $1,033 $44,084 $39,044 $5,040
2014 $823 $36,516 $31,236 $5,280
Source: Public Records

Agents Affiliated with this Home

  • Crystal Chance

    Seller's Agent in 2023

    Crystal Chance

    Robbins Realty, Inc.

    (770) 363-3587

    134 Total Sales

    Crystal Chance
    Section Image
  • Glenda Broker

    Buyer's Agent in 2023

    Glenda Broker

    Non-Mls Company

    (800) 289-1214

    Glenda Broker
    Section Image
  • John Wolfe

    Seller's Agent in 2018

    John Wolfe

    Virtual Properties Realty.BIZ

    (404) 304-6119

    John Wolfe
    Section Image
  • Aaron Halberg

    Seller Co-Listing Agent in 2018

    Aaron Halberg

    Virtual Properties Realty.BIZ

    (404) 670-4166

    43 Total Sales

    Aaron Halberg
    Section Image
  • Robert Strader

    Buyer's Agent in 2018

    Robert Strader

    Keller Williams Realty Community Partners

    (678) 608-2200

    55 Total Sales

    Robert Strader
    Section Image
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Map

Source: Georgia MLS

MLS Number: 10212590

Georgia MLS

APN: 027-035

Georgia Forsyth County Cumming 30028

8525 Wallace Tatum Rd, Cumming, GA

This home is located at 8525 Wallace Tatum Rd, Cumming, GA 30028 since 10 October 2023 and is currently estimated at $486,702, approximately $362 per square foot. This property was built in 1991. 8525 Wallace Tatum Rd is a home located in Forsyth County with nearby schools including Poole's Mill Elementary School, Liberty Middle School, and North Forsyth High School.

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