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1505 Paramount Lane

1505 Paramount Lane, Buford, GA 30518
Property in Gwinnett
Sold Oct 30, 2014
$112,000
$84,000 by Homestar Financial Corp
Mortgage
Sold Apr 16, 2003
$133,200
$119,816 by Academy Fin'l Svc
Mortgage Due Mar 31, 2033
1505 Paramount Lane in Buford, GA was first built in 2003 and is 21 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a townhouse style. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1505 Paramount Lane has 1,565 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 1,742 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a garage. The garage is 260 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of shingles that aren't wood. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1505 Paramount Lane sold most recently in Oct 30, 2014 for a total of $112,000. If you work out the math, that's approximately a cost of $71.57 per sqft. Before that, the property was also sold for $133,200 in Mar 31, 2003. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $3,723 in taxes each year. 1505 Paramount Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $106,360. If we break it down further, the land itself was valued at $17,600. Improvements to the property, however, were assessed at a total of $88,760. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Construction Type: Wood
  • Building Style: Townhouse
  • Exterior Walls Type: Single (not wood)
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 260
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 1,742
  • Total Building Area: 1,565
  • Building Area: 1,565
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,565
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: HILLCREST
  • Land Acres: 0.04
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LOT 15 HILLCREST TOWNHOMES

Ownership

  • Current Owner : ARNOLD GERALD CLIFTON
  • Previous Owner : VADEN KEITH ALLEN
  • Owner Before Previous Owner: DG JENKINS DEV CORP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Gwinnett County School District
  • Census Tract: 050112

Zoning

  • Zoning: RM-MULTI-F

Geography

  • District: 11
  • Parcel: 7-304 -067
  • Lot: 15
  • Municipality: SUGAR HILL
  • Latitude: 34.1203
  • Longitude: -84.031

    Address

  • Full Address: 1505 Paramount Ln
  • Address - House Number: 1505
  • Address - Street Name: Paramount
  • Address - Suffix Type: Ln
  • State: GA
  • City Name: Sugar Hill
  • Carrier Code: R008
  • 4-Digit Zip Code: 8623
  • Zip Code: 30518

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,723

    Appraisal Valuation

  • Standard Deviation: 0.1302
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 85
  • Final Value: 340,924
  • High Value: 385,319
  • Low Value: 296,528

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $168,000
  • First Open Lien Mortgage Lender: HOMESTAR FINANCIAL CORP
  • First Open Lien Mortgage Recording Date: Oct 30, 2014
  • First Open Lien Mortgage Loan Amount: $84,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Lender: HOMESTAR FINANCIAL CORP
  • Second Open Lien Mortgage Recording Date: Nov 05, 2014
  • Second Open Lien Mortgage Loan Amount: $84,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $265,900
  • Market Land Value: $44,000
  • Market Improvement Value: $221,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $106,360
  • Assessed Land Value: $17,600
  • Assessed Improvements Value: $88,760

    Sales

  • Current Sale Contract Date: Oct 30, 2014
  • Current Sale Recording Date: Oct 30, 2014
  • Current Sale Transaction ID: 1172883800
  • Current Sale Price: $112,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2014-025371
  • Previous Sale Recording Date: Apr 16, 2003
  • Previous Sale Contract Date: Mar 31, 2003
  • Previous Sale Amount: $133,200
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMESTAR FINANCIAL CORP
  • First Mortgage Transaction Date: Nov 05, 2014
  • First Mortgage Loan Amount: $84,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: ACADEMY FIN'L SVC
  • Previous Mortgage Transaction Date: Apr 16, 2003
  • Previous Mortgage Loan Amount: $119,816
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Mar 31, 2033

About Sugar Hill



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Frequently Asked Questions

What neighborhood is 1505 Paramount Lane located in?
The 1505 Paramount Lane is a located in the neighborhood of Gwinnett in Sugar Hill, Buford.
What is the average sales price for listings in 1505 Paramount Lane?
The average sales price for units in 1505 Paramount Lane is $0 currently.

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