Check Availability

1176 Lake Point Way

1176 Lake Point Way, Suwanee, GA 30024
Property in Gwinnett
Sold Mar 09, 2010
$132,400
$183,400 by Metro City Bank
Mortgage Due Jan 01, 2049
Sold Nov 25, 2009
$210,163
Local assessors in Suwanee, GA have categorized 1176 Lake Point Way as a residential type of property. The home was built in 2007 and is 17 years old. The property's lot size has been calculated to be 2,178 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1176 Lake Point Way has a total of 2,687 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 1,058 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 240 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. The building has a gable or hip style roof that was made of composition shingle. Lots of wood siding were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1176 Lake Point Way was last sold in Feb 26, 2010 for $132,400. According to our calculations, that's $49.27 per sqft. Prior to that sales transaction, the property was sold for $210,163 in Oct 6, 2009. Current property owners are expected to pay $6,022 in taxes per year. The property on 1176 Lake Point Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $187,600. To break that down further, the land itself was valued at $30,000. While improvements to the property were assessed at a total of $157,600. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Average
  • Construction Type: Wood
  • Building Style: Townhouse
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 1,058
  • Garage Type: Garage
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 2,178
  • Total Building Area: 2,687
  • Building Area: 2,687
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,687
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUWANEE STATION
  • Land Acres: 0.05
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L278 BA MULTI FAMILY WEST II AT SUWANEE STATION

Ownership

  • Current Owner : KIM SANG W
  • Previous Owner : FEDERAL NATL MTG ASSN FNMA
  • Owner Before Previous Owner: JOHNSON CARLTON E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Gwinnett County School District
  • Census Tract: 050223

Zoning

  • Zoning: PMUD-PLANN

Geography

  • District: 12
  • Parcel: 7-209 -320
  • Block: A
  • Lot: 278
  • Municipality: SUWANEE
  • Latitude: 34.0396
  • Longitude: -84.0886

    Address

  • Full Address: 1176 Lake Point Way
  • Address - House Number: 1176
  • Address - Street Name: Lake Point
  • Address - Suffix Type: Way
  • State: GA
  • City Name: Suwanee
  • Carrier Code: R040
  • 4-Digit Zip Code: 8485
  • Zip Code: 30024

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,022

    Appraisal Valuation

  • Standard Deviation: 0.1418
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 83
  • Final Value: 498,746
  • High Value: 569,470
  • Low Value: 428,023

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $366,800
  • First Open Lien Mortgage Lender: METRO CITY BANK
  • First Open Lien Mortgage Recording Date: Feb 28, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $183,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2049
  • Second Open Lien Mortgage Lender: METRO CITY BANK
  • Second Open Lien Mortgage Recording Date: Mar 04, 2019
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $183,400
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2049

    Market Valuation

  • Market Total Value: $469,000
  • Market Land Value: $75,000
  • Market Improvement Value: $394,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $187,600
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $157,600

    Sales

  • Current Sale Contract Date: Feb 26, 2010
  • Current Sale Recording Date: Mar 09, 2010
  • Current Sale Transaction ID: 1130370791
  • Current Sale Price: $132,400
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Nov 25, 2009
  • Previous Sale Contract Date: Oct 06, 2009
  • Previous Sale Amount: $210,163
  • Previous Sale Document Type: Foreclosure

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAHOMEKEY INC
  • First Mortgage Transaction Date: Mar 09, 2010
  • First Mortgage Loan Amount: $130,001
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Feb 26, 2040

About Suwanee



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1176 Lake Point Way located in?
The 1176 Lake Point Way is a located in the neighborhood of Gwinnett in Suwanee, Suwanee.
What is the average sales price for listings in 1176 Lake Point Way?
The average sales price for units in 1176 Lake Point Way is $0 currently.

Quantcast