$172,000
SOLD DEC 9, 2016

8825 Covestone Dr Gainesville, GA 30506

Lake Lanier Neighborhood
3 Beds
2 Baths
1,564 Sq Ft
0.86 Acres

Recently Sold

$110 Per Sq Ft

7% Below List Price

Highlights

  • Lake Front
  • Deck
  • Wooded Lot
  • Chestatee Elementary School Rated A-
  • Private Lot
  • Traditional Architecture

About This Home

As of November 2019

Relax in the tranquil environment this Cul-De-Sac home is nestled in, while being located minutes away from the lake. Very nice home in subdivision with NO HOA. The deck overlooks a private wooded backyard encompassing .86 acres. Enjoy entertainment in the open-styled living area with a wood burning fireplace. The main level features designer elements throughout. Get creative in the spacious partial-finished basement with a newly finished room. This is a wonderful home and It will not last long, so schedule a showing today!

Last Agent to Sell the Property

Mark Spain

Mark Spain Real Estate License #178501 Listed on: 07/28/2016

Mark Spain Real Estate

Co-Listed By

Caleb Hiers

NOT A VALID MEMBER License #370136

Last Buyer's Agent

Lynn Wiese

Virtual Properties Realty.com License #367929

Virtual Properties Realty.com

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,814

Year Built

  • Built in 2004

Lot Details

  • 0.86 Acre Lot
  • Lake Front
  • Cul-De-Sac
  • Private Lot
  • Sloped Lot
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,564 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace Features Masonry
  • Great Room
  • Living Room with Fireplace
  • Fire and Smoke Detector

Kitchen

  • Open to Family Room
  • Electric Range
  • Dishwasher
  • Laminate Countertops
  • Wood Stained Kitchen Cabinets

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom
  • Soaking Tub

Laundry

  • Laundry in Hall
  • Laundry on main level

Basement

  • Partial Basement
  • Interior and Exterior Basement Entry
  • Boat door in Basement
  • Stubbed For A Bathroom
  • Natural lighting in basement

Outdoor Features

  • Deck

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Baseboard Heating
  • Underground Utilities
  • Private Water Source
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet

Community Details

  • Bayhill Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 316 291

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,814

Year Built

Built in 2004

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Condition: Resale
  • Year Built: 2004
  • Levels Stories: One
  • Special Features: None
  • Stories: 1

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet, Hardwood
  • Fireplace Features: Living Room, Masonry
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Electric Range, Electric Water Heater
  • Interior Amenities: Cathedral Ceiling(s), Double Vanity, High Ceilings 10 ft Main, High Speed Internet, Walk-In Closet(s)
  • Basement: Bath/Stubbed, Boat Door, Daylight, Exterior Entry, Interior Entry, Partial
  • Kitchen Features: Cabinets Stain, Laminate Counters, Pantry, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Great Room - 1 Story, Other
  • Square Footage: 1564.00

Beds/Baths

  • Total Bedrooms: 3
  • Bedroom Features: Master on Main
  • Main Bedrooms: 3
  • Total Full Baths: 2
  • Main Full Bathrooms: 2
  • Master Bathroom Features: Double Vanity, Separate Tub/Shower, Soaking Tub

Exterior Features

  • Construction Materials: Vinyl Siding
  • Roof Type: Composition
  • Patio And Porch Features: Deck

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Parking Features: Attached, Driveway, Garage

Utilities

  • Sewer: Septic Tank
  • Water Source: Private
  • Security: Fire Alarm, Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Baseboard, Electric, Heat Pump
  • Laundry Features: In Hall, Main Level
  • Utilities: Underground Utilities

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Annually
  • Subdivision Complex: Bayhill Estates

Schools

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

Lot Info

  • Acres: 0.8600
  • Deed Book: 7387
  • Deed Page: 382
  • Lot Features: Cul-De-Sac, Private, Sloped, Wooded
  • Parcel Number: 316 291
  • Property Attached Yn: No

Tax Info

  • Taxes: 1814.00
  • Assessor Parcel Number: 316-000-291
  • Close Date: 2016-12-09
  • Tax Year: 2015

Multi Family

  • Waterfront Features: Lake

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
Aug 13, 2019
Closed on
Nov 22, 2019
Sold by
Bbz Enterprises Llc
Bought by
Lynn Jordan Scott
Seller's Agent
Bonnie Brawley
NOT A VALID MEMBER
Buyer's Agent
David Nabors
NaborsNorris Real Estate LLC
List Price
$229,000
Sold Price
$212,000
Premium/Discount to List
-$17,000
-7.42%
Current Estimated Value
$397,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,564
Avg. Annual Appreciation
11.37%
Original Mortgage
$205,640
Outstanding Balance
$180,460
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$217,104

Purchase Details

Closed on
May 7, 2019
Sold by
Wood Richard
Bought by
Bbz Enterprises Llc

Purchase Details

Listed on
Jul 28, 2016
Closed on
Dec 9, 2016
Sold by
Jeffrey E
Bought by
Wood Richard J and Wood Stephanie K
Seller's Agent
Mark Spain
Mark Spain Real Estate
Buyer's Agent
Lynn Wiese
Virtual Properties Realty.com
List Price
$184,900
Sold Price
$172,000
Premium/Discount to List
-$12,900
-6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.00%
Original Mortgage
$175,698
Interest Rate
3.57%
Mortgage Type
VA

Purchase Details

Closed on
Sep 24, 2004
Sold by
Wolverine Const Inc
Bought by
Hughes K Shea K and Hughes Stacy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,300
Interest Rate
5.5%
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 Type Sale Price Title Company
Warranty Deed $212,000 --
Foreclosure Deed $179,318 --
Warranty Deed $172,000 --
Deed $160,400 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $205,640 New Conventional
Previous Owner $175,698 VA
Previous Owner $154,631 FHA
Previous Owner $137,000 New Conventional
Previous Owner $160,300 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2019 11/22/19 Sold $212,000 -3.6% $136 / Sq Ft
10/29/2019 10/29/19 Pending -- -- --
10/22/2019 10/22/19 Price Changed $220,000 -2.2% $141 / Sq Ft
08/30/2019 08/30/19 Price Changed $224,900 -1.8% $144 / Sq Ft
08/13/2019 08/13/19 For Sale $229,000 +33.1% $147 / Sq Ft
12/09/2016 12/09/16 Sold $172,000 0.0% $110 / Sq Ft
10/26/2016 10/26/16 Pending -- -- --
09/26/2016 09/26/16 Price Changed $172,000 -3.4% $110 / Sq Ft
08/30/2016 08/30/16 Price Changed $178,000 -3.7% $114 / Sq Ft
07/28/2016 07/28/16 For Sale $184,900 +17.4% $118 / Sq Ft
05/26/2015 05/26/15 Sold $157,500 -1.5% $101 / Sq Ft
04/26/2015 04/26/15 Pending -- -- --
01/22/2015 01/22/15 For Sale $159,900 -- $102 / 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
2025 $3,337 $146,056 $40,000 $106,056
2024 $3,337 $136,096 $34,000 $102,096
2023 $3,126 $127,008 $21,600 $105,408
2022 $2,719 $89,164 $14,000 $75,164
2021 $2,462 $89,164 $14,000 $75,164
2020 $2,342 $84,800 $13,280 $71,520
2019 $2,471 $89,360 $14,000 $75,360
2018 $2,195 $79,376 $10,000 $69,376
2017 $1,892 $68,188 $8,000 $60,188
2016 $1,713 $61,708 $8,000 $53,708
2015 $1,814 $65,240 $8,000 $57,240
2014 $1,594 $60,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Bonnie Brawley

    NOT A VALID MEMBER

  • David Nabors

    Buyer's Agent in 2019

    David Nabors

    NaborsNorris Real Estate LLC

    (770) 329-5570

    28 Total Sales

    David Nabors
    Section Image
  • Mark Spain

    Seller's Agent in 2016

    Mark Spain

    Mark Spain

    (678) 537-8980

    66 in this area

    9,935 Total Sales

    Mark Spain
    Section Image

  • C

    Seller Co-Listing Agent in 2016

    Caleb Hiers

    NOT A VALID MEMBER

    Section Image
  • Lynn Wiese

    Buyer's Agent in 2016

    Lynn Wiese

    Virtual Properties Realty

    (404) 391-5139

    9 Total Sales

    Lynn Wiese
    Section Image
  • Barry Slaton

    Seller's Agent in 2015

    Barry Slaton

    Keller Williams Realty Community Partners

    (678) 859-4040

    5 in this area

    91 Total Sales

    Barry Slaton
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5727011

First Multiple Listing Service (FMLS)

APN: 316-291

Georgia Forsyth County Gainesville 30506 Lake Lanier

8825 Covestone Dr, Gainesville, GA

This home is located at 8825 Covestone Dr, Gainesville, GA 30506 and is currently priced at $172,000, approximately $109 per square foot. This property was built in 2004. 8825 Covestone Dr is a home located in Forsyth County with nearby schools including Chestatee Elementary School and Little Mill Middle School.

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