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402 Forrest Lane

402 Forrest Lane, Gainesville, GA 30501
Property in Hall
Sold Jul 07, 2017
$360,000
$288,000 by Acopia
Mortgage Due Aug 01, 2047
Sold Jul 03, 2013
$305,000
$244,000 by Nycb Mortgage Company Llc
Mortgage
402 Forrest Lane has been categorized by the local assessors in Gainesville, GA as a residential type of property. The building on the property was first built in 2013 and is 11 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 402 Forrest Lane has 3,468 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,320 ft and across the front of the lot is 800 ft. The area measurement of the land has been determined as 10,498 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a log cabin/rustic style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 400 sqft. Residents will have the luxury of enjoying both a open porch and a patio. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of brick. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 402 Forrest Lane was last sold in Jul 7, 2017 for $360,000. According to our calculations, that's $103.81 per sqft. Prior to that sales transaction, the property was sold for $305,000 in Jul 3, 2013. Current property owners are expected to pay $6,236 in taxes per year. The property on 402 Forrest Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $212,880. To break that down further, the land itself was valued at $18,240. While improvements to the property were assessed at a total of $194,640. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 2013
  • Effective Year Built: 2013
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: Average
  • Construction Type: Brick
  • Building Style: Log cabin/Rustic
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 10,498
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,468
  • Building Area: 3,468
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,468
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: FORREST HILLS
  • Land Acres: 0.241
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FORREST HILLS LT 2

Ownership

  • Current Owner : NGUYEN TUYEN
  • Previous Owner : DONG JIA QING
  • Owner Before Previous Owner: CAHTTAHOOCHEE BUILDERS INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Gainesville City School District
  • School Tax School District: GAINESVILLE 1
  • Census Tract: 000902

Zoning

  • Zoning: PRD

Geography

  • Account Number: 4005
  • District: 004
  • Parcel: 01-024 -004-045
  • Lot: 2
  • Municipality: GAINESVILLE
  • Latitude: 34.304
  • Longitude: -83.8296

    Address

  • Full Address: 402 Forrest Ln
  • Address - House Number: 402
  • Address - Street Name: Forrest
  • Address - Suffix Type: Ln
  • State: GA
  • City Name: Gainesville
  • Carrier Code: C001
  • 4-Digit Zip Code: 3265
  • Zip Code: 30501

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,236
  • Tax Rate Code Area: 4

    Appraisal Valuation

  • Standard Deviation: 0.1953
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 74
  • Final Value: 622,297
  • High Value: 743,857
  • Low Value: 500,737

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $288,000
  • First Open Lien Mortgage Lender: ACOPIA
  • First Open Lien Mortgage Recording Date: Jul 07, 2017
  • First Open Lien Mortgage Loan Amount: $288,000
  • 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: Aug 01, 2047

    Market Valuation

  • Market Total Value: $532,200
  • Market Land Value: $45,600
  • Market Improvement Value: $486,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $212,880
  • Assessed Land Value: $18,240
  • Assessed Improvements Value: $194,640

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 07, 2017
  • Current Sale Recording Date: Jul 07, 2017
  • Current Sale Transaction ID: 1590346892
  • Current Sale Price: $360,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2017-005000
  • Previous Sale Recording Date: Jul 03, 2013
  • Previous Sale Contract Date: Jul 03, 2013
  • Previous Sale Amount: $305,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ACOPIA
  • First Mortgage Transaction Date: Jul 07, 2017
  • First Mortgage Loan Amount: $288,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: NYCB MORTGAGE COMPANY LLC
  • Previous Mortgage Transaction Date: Jul 03, 2013
  • Previous Mortgage Loan Amount: $244,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Gainesville



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Frequently Asked Questions

What neighborhood is 402 Forrest Lane located in?
The 402 Forrest Lane is a located in the neighborhood of Hall in Gainesville, Gainesville.
What is the average sales price for listings in 402 Forrest Lane?
The average sales price for units in 402 Forrest Lane is $0 currently.

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