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424 Timberly Way

424 Timberly Way, Lawrenceville, GA 30046
Property in Gwinnett
Sold Aug 08, 1994
$89,500
Local assessors in Lawrenceville, GA have categorized 424 Timberly Way as a residential type of property. The home was built in 1986 and is 38 years old. The property's lot size has been calculated to be 19,166 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 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 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 424 Timberly Way has a total of 1,364 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. The home sources its water from a water system. Additional features on the property are as follows. There is a garage underground or in the basement for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 424 Timberly Way sold most recently in Jul 29, 1994 for a total of $89,500. If you work out the math, that's approximately a cost of $65.62 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $637 in taxes each year. 424 Timberly Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $117,640. If we break it down further, the land itself was valued at $20,800. Improvements to the property, however, were assessed at a total of $96,840. 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. 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.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: 1986
  • Effective Year Built: 1986
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,248
  • Garage Type: Underground/basement
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 19,166
  • Lot Size Frontage Feet: 530
  • Total Building Area: 1,364
  • Building Area: 1,364
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,364
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SUMMERVILLE #5
  • Land Acres: 0.44
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L35 BD SUMMERVILLE #5

Ownership

  • Current Owner : GORMAN DONALD E
  • Previous Owner : SULLIVAN JOSEPH E GINA C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Gwinnett County School District
  • Census Tract: 050536

Zoning

  • Zoning: R75-SINGLE

Geography

  • District: 1
  • Parcel: 5-081 -292
  • Block: D
  • Lot: 35
  • Municipality: COUNTY
  • Latitude: 33.9467
  • Longitude: -84.0341

    Address

  • Full Address: 424 Timberly Way
  • Address - House Number: 424
  • Address - Street Name: Timberly
  • Address - Suffix Type: Way
  • State: GA
  • City Name: Lawrenceville
  • Carrier Code: C025
  • 4-Digit Zip Code: 7618
  • Zip Code: 30046

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $637

    Appraisal Valuation

  • Standard Deviation: 0.1324
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 84
  • Final Value: 323,985
  • High Value: 366,911
  • Low Value: 281,060

    Market Valuation

  • Market Total Value: $294,100
  • Market Land Value: $52,000
  • Market Improvement Value: $242,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $117,640
  • Assessed Land Value: $20,800
  • Assessed Improvements Value: $96,840

    Exemptions

  • Senior Citizen Exemption : Yes
  • School/College Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 29, 1994
  • Current Sale Recording Date: Aug 08, 1994
  • Current Sale Transaction ID: 1069166280
  • Current Sale Price: $89,500
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: 1ST UNION NAT L BANK OF GA
  • First Mortgage Transaction Date: Aug 08, 1994
  • First Mortgage Loan Amount: $35,000
  • First Mortgage Terms: 360

    Financing

  • First Mortgage Financing Type: Variable

About Gwinnett



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Frequently Asked Questions

What neighborhood is 424 Timberly Way located in?
The 424 Timberly Way is a located in the neighborhood of Gwinnett in Gwinnett, Lawrenceville.
What is the average sales price for listings in 424 Timberly Way?
The average sales price for units in 424 Timberly Way is $0 currently.

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