See Home Value
Forsyth 30041
1240 Buford Dam Way
$833,000 - $1,017,000
House - Off Market

1240 Buford Dam Way

Cumming, GA 30041
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1920 Sqft
Sold Dec 22, 2023
$880,000
$616,000 by Onward Home Mortgage Llc
Mortgage Due Jan 01, 2054

About This Property

AMAZING VALUE ON LAKE LANIER!  What's better than a 4 bed, 2 bath Classic Chalet Lake House on the South End of Lake Lanier with a covered dock in a cove that hasn't gone dry in 38 years (owner has been there since 1985) with quick access to GA 400 and close to all of the action in Forsyth County?  BETTER IS ALL OF THAT PLUS A 1.52 ACRE LOT THAT CAN BE PARCELED INTO 2 LOTS TO BUILD ANOTHER HOME!  There are endless possibilities for this property with a house that has been tastefully updated through the years (kitchen, bathrooms, expanded deck, windows and doors), a detached 2 car garage, a covered dock with an additional exterior covered slip, a dock location on a point with deep water, a second building site along Buford Dam Way (County Building Dept has stated the lot can be subdivided; would require survey).  Amazing privacy with a "treehouse panorama" view from the abundant windows and doors.  County water and sewer available at the street.  24' x 28' dock permit.  Second building site would be along Buford Dam Way.  Selling Broker shall receive 1% co-op fee if Buyers Agent is not present at first showing.

The manager has listed the unit size as 1920 square feet.
Unit Size
1,920Ft²
Days on Market
-
Land Size
1.53 acres
Price per sqft
$482
Property Type
House
Property Taxes
$52
HOA Dues
-
Year Built
1974

Price History

Date / Event Date Event Price
Dec 30, 2023 No longer available -
No longer available
Dec 22, 2023 Sold $880,000
Sold
Nov 20, 2023 In contract -
In contract
Nov 16, 2023 Price Decreased $925,000
↓ $25K (2.6%)
Price Decreased
Oct 28, 2023 Listed $950,000
Listed

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Quality: C
  • Building Style: A-frame
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 960
  • Garage Type: Detached
  • Garage Square Area: 576
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 66,647
  • Lot Size Frontage Feet: 4,300
  • Total Building Area: 960
  • Building Area: 960
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 960
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.53
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 2-1 76

Ownership

  • Current Owner : SCA INVESTMENTS GROUP LLC
  • Previous Owner : HOLLINGSWORTH THOMAS N
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Forsyth County School District
  • Census Tract: 130509

Zoning

  • Zoning: LR

Geography

  • Account Number: 0000182813
  • Parcel: 197 169
  • Municipality: COUNTY
  • Latitude: 34.1942
  • Longitude: -84.1143

    Address

  • Full Address: 1240 Buford Dam Way
  • Address - House Number: 1240
  • Address - Street Name: Buford Dam
  • Address - Suffix Type: Way
  • State: GA
  • City Name: Cumming
  • Carrier Code: R067
  • 4-Digit Zip Code: 8584
  • Zip Code: 30041

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $510
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.0679
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 96
  • Final Value: 922,285
  • High Value: 984,958
  • Low Value: 859,611

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $616,000
  • First Open Lien Mortgage Lender: ONWARD HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Dec 22, 2023
  • First Open Lien Mortgage Loan Amount: $616,000
  • 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, 2054

    Market Valuation

  • Market Total Value: $541,010
  • Market Land Value: $350,000
  • Market Improvement Value: $191,010

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $216,404
  • Assessed Land Value: $140,000
  • Assessed Improvements Value: $76,404

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 21, 2023
  • Current Sale Recording Date: Dec 22, 2023
  • Current Sale Transaction ID: 11918687489
  • Current Sale Price: $880,000
  • Current Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ONWARD HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Dec 22, 2023
  • First Mortgage Loan Amount: $616,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2054



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Forsyth


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 724 Rhone Street, Cumming, GA, 30041

$2,799 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,801 ft²
724 Rhone Street, Cumming, GA, 30041 Listing by Murali Sunkara
Unit for rent at 1225 Waldon Crossing, Cumming, GA, 30041

$2,990 /mo

  • 4 Beds
  • 3.5 Baths
  • 2,812 ft²
1225 Waldon Crossing, Cumming, GA, 30041 Listing by Vijay Eannamuneni
Unit for rent at 1250 Winterhaven Drive, Cumming, GA, 30041

$2,750 /mo

  • 4 Beds
  • 3.5 Baths
  • 2,800 ft²
1250 Winterhaven Drive, Cumming, GA, 30041 Listing by Vijay Eannamuneni


Frequently Asked Questions

When was property at 1240 Buford Dam Way built and last sold?
The property at 1240 Buford Dam Way was built in 1974 and last sold on Dec 21, 2023 for $880,000.
How much is this home worth?
The estimated value of the home located at 1240 Buford Dam Way is $910,385.
What are some comparable homes to 1240 Buford Dam Way?
There are currently no comparable homes to 1240 Buford Dam Way.

Quantcast