NOT LISTED FOR SALE

8615 Loy Ln Gainesville, GA 30506

Lake Lanier Neighborhood

Estimated Value: $882,000 - $1,171,000

6 Beds
5 Baths
5,822 Sq Ft
$179/Sq Ft Est. Value

Last Sold September 20, 2017

Last sale price $475,000 $82 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $6,317/month

65 Days on Market

Highlights

  • Barn
  • Tennis Courts
  • Dining Room Seats More Than Twelve
  • Chestatee Elementary School Rated A-
  • 5.02 Acre Lot
  • Deck

About This Home

As of September 2017

Stately 6 bedroom 5 bathroom ranch on a full basement with over 5 acres of usable land that features 2 huge shops. Home features cathedral ceilings in the family room and hardwoods throughout main level. Kitchen has lots of cabinet space, breakfast bar and breakfast area and bar. Master suite features walk-in closet, jetted tub and separate shower. Secondary bedrooms provides ample space for all your needs. Basement features entire suite with 2 bedrooms, 2 bathrooms, second kitchen, and living area. Shops are 175x50 former chicken houses that have been fully renovated!

Last Agent to Sell the Property

Welch Team

Keller Williams Realty Community Partners Listed on: 06/15/2017

Keller Williams Realty Community Partners

Last Buyer's Agent

BRIAN BURNS

NOT A VALID MEMBER License #345450

NOT A VALID MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,502

Year Built

  • Built in 2005

Lot Details

  • 5.02 Acre Lot
  • Private Lot
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Parking Accessed On Kitchen Level
  • Garage Door Opener

Home Design

  • 3-Story Property
  • Traditional Architecture
  • Ridge Vents on the Roof
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 5,822 Sq Ft Home
  • Ceiling height of 10 feet on the lower level
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room
  • Dining Room Seats More Than Twelve
  • Formal Dining Room
  • Bonus Room
  • Workshop
  • Home Gym
  • Wood Flooring
  • Fire Sprinkler System

Kitchen

  • Breakfast Bar
  • Double Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Solid Surface Countertops
  • Wood Stained Kitchen Cabinets

Bedrooms and Bathrooms

  • 6 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry on main level
  • Laundry in Garage

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Natural lighting in basement

Outdoor Features

  • Tennis Courts
  • Deck
  • Enclosed Patio or Porch
  • Outbuilding

Schools

  • Chestatee Elementary School
  • Little Mill Middle School
  • North Forsyth High School

Farming

  • Barn
  • Pasture

Utilities

  • Central Air
  • Heating Available
  • Underground Utilities
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 293 177

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,502

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch, Traditional
  • Property Condition: Resale
  • Year Built: 2005
  • Levels Stories: Three Or More
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Hardwood
  • Fireplace Features: Family Room, Gas Log, Gas Starter
  • Number Of Fireplaces: 1
  • Appliances: Double Oven, Electric Range, Electric Water Heater, Microwave, Self Cleaning Oven
  • Interior Amenities: Entrance Foyer, High Ceilings 10 ft Lower
  • Basement: Daylight, Exterior Entry, Finished, Full
  • Kitchen Features: Breakfast Bar, Cabinets Stain, Solid Surface Counters
  • Common Walls: No Common Walls
  • Additional Rooms: Bonus Room, Exercise Room, Family Room, Great Room - 1 Story, Workshop
  • Dining Room Features: Seats 12+, Separate Dining Room
  • Square Footage: 5822.00

Beds/Baths

  • Total Bedrooms: 6
  • Bedroom Features: Master on Main, Split Bedroom Plan
  • Lower Bedrooms: 2
  • Main Bedrooms: 3
  • Total Full Baths: 5
  • Lower Full Bathrooms: 2
  • Main Full Bathrooms: 2
  • Master Bathroom Features: Double Vanity, Separate Tub/Shower, Whirlpool Tub

Exterior Features

  • Other Structures: Barn(s), Outbuilding
  • Construction Materials: Cement Siding
  • Roof Type: Composition, Ridge Vents
  • Patio And Porch Features: Covered, Deck, Enclosed
  • Exterior Features: Tennis Court(s)

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Parking Features: Attached, Garage, Garage Door Opener, Kitchen Level

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Fire Sprinkler System
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: In Garage, Main Level
  • Utilities: Cable Available, Underground Utilities

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Annually

Schools

  • Elementary School: Chestatee
  • Middle School: Little Mill
  • High School: North Forsyth

Lot Info

  • Acres: 5.0200
  • Deed Book: 8123
  • Deed Page: 679
  • Lot Features: Level, Pasture, Private
  • Lot Dimensions: 5.02
  • Parcel Number: 293 177
  • Property Attached Yn: No

Tax Info

  • Taxes: 1502.00
  • Assessor Parcel Number: 293-000-177
  • Close Date: 2017-09-20
  • Tax Year: 2016

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Chestatee
  • High School: North Forsyth
  • Middle School: Little Mill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2017
Closed on
Sep 20, 2017
Sold by
Mathis Martha J
Bought by
Ray Tommy Lee and Ray Christine
Seller's Agent
Welch Team
Keller Williams Realty Community Partners
Buyer's Agent
BRIAN BURNS
NOT A VALID MEMBER
List Price
$525,000
Sold Price
$475,000
Premium/Discount to List
-$50,000
-9.52%
Current Estimated Value
$1,040,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$565,503
Avg. Annual Appreciation
8.63%
Original Mortgage
$424,100
Outstanding Balance
$358,831
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$559,800

Purchase Details

Closed on
Feb 22, 2005
Sold by
Mathis Chad L
Bought by
Mathis Mathis T and Mathis Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,300
Interest Rate
5.54%
Source: Public Records

Range of Values:

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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
Ray Tommy Lee $475,000 --
Mathis Mathis T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ray Tommy $122,517
Open Ray Tommy Lee $424,100
Previous Owner Mathis Mathis T $302,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2017 09/20/17 Sold $475,000 -5.0% $82 / Sq Ft
08/19/2017 08/19/17 Pending -- -- --
07/24/2017 07/24/17 Price Changed $500,000 -4.8% $86 / Sq Ft
07/18/2017 07/18/17 For Sale $525,000 0.0% $90 / Sq Ft
07/13/2017 07/13/17 Pending -- -- --
06/15/2017 06/15/17 For Sale $525,000 -- $90 / Sq Ft
Source: First Multiple Listing Service (FMLS)

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 $8,309 $381,100 $87,852 $293,248
2023 $7,647 $361,788 $87,852 $273,936
2022 $7,600 $251,176 $57,872 $193,304
2021 $6,936 $251,176 $57,872 $193,304
2020 $6,688 $242,208 $57,872 $184,336
2019 $6,305 $227,980 $44,720 $183,260
2018 $5,254 $190,000 $37,200 $152,800
2017 $1,565 $201,396 $39,456 $161,940
2016 $1,502 $193,504 $31,564 $161,940
2015 $1,502 $193,504 $31,564 $161,940
2014 $1,325 $180,060 $31,564 $148,496
Source: Public Records

Agents Affiliated with this Home

  • Welch Team

    Seller's Agent in 2017

    Welch Team

    Keller Williams Realty Community Partners

    (706) 344-6909

    20 in this area

    142 Total Sales

    Welch Team
    Section Image

  • B

    Buyer's Agent in 2017

    BRIAN BURNS

    NOT A VALID MEMBER

    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5866832

First Multiple Listing Service (FMLS)

APN: 293-177

Georgia Forsyth County Gainesville 30506 Lake Lanier

8615 Loy Ln, Gainesville, GA

This home is located at 8615 Loy Ln, Gainesville, GA 30506 since 15 June 2017 and is currently estimated at $1,040,503, approximately $178 per square foot. This property was built in 2005. 8615 Loy Ln is a home located in Forsyth County with nearby schools including Chestatee Elementary School and Little Mill Middle School.

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