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5015 Steel Magnolia Court

5015 Steel Magnolia Court, Cumming, GA 30028
Property in Forsyth
Sold Jun 13, 2005
$353,600
$284,200 by Wells Fatgo Bank
Mortgage Due Jul 19, 2042
Local assessors in Cumming, GA have categorized 5015 Steel Magnolia Court as a residential type of property. The home was built in 2004 and is 20 years old. The property's lot size has been calculated to be 26,136 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 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 3 full bathrooms. There are also 4 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 5015 Steel Magnolia Court has a total of 2,817 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. 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 491 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 stone control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B-. The building has a roof that is made of asphalt. Lots of rock and stone were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system 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, 5015 Steel Magnolia Court sold most recently in May 31, 2005 for a total of $353,600. If you work out the math, that's approximately a cost of $125.52 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 $975 in taxes each year. 5015 Steel Magnolia Court was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $233,452. If we break it down further, the land itself was valued at $40,000. Improvements to the property, however, were assessed at a total of $193,452. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 2004
  • Effective Year Built: 2004
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Quality: B-
  • Construction Type: Stone
  • Exterior Walls Type: Rock and stone
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 491
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 26,136
  • Total Building Area: 2,817
  • Building Area: 2,817
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,817
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MAGNOLIA CREEK
  • Land Acres: 0.6
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 3-1 461 LT62 PH2 MAGNOLIA CREEK

Ownership

  • Current Owner : EADS GARY L
  • Previous Owner : GREY HAWK BLDRS OF MAGNOLIS CRK
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Forsyth County School District
  • Census Tract: 130202

Zoning

  • Zoning: R2R

Geography

  • Account Number: 0000255581
  • Subdivision Phase Number: 2
  • Parcel: 168 320
  • Lot: 62
  • Municipality: COUNTY
  • Latitude: 34.291
  • Longitude: -84.1329

    Address

  • Full Address: 5015 Steel Magnolia Ct
  • Address - House Number: 5015
  • Address - Street Name: Steel Magnolia
  • Address - Suffix Type: Ct
  • State: GA
  • City Name: Cumming
  • Carrier Code: R105
  • 4-Digit Zip Code: 3879
  • Zip Code: 30028

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $975
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.1415
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 83
  • Final Value: 613,875
  • High Value: 700,739
  • Low Value: 527,011

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $284,200
  • First Open Lien Mortgage Lender: WELLS FATGO BANK
  • First Open Lien Mortgage Recording Date: Jul 19, 2012
  • First Open Lien Mortgage Loan Amount: $284,200
  • 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: Jul 19, 2042

    Market Valuation

  • Market Total Value: $583,630
  • Market Land Value: $100,000
  • Market Improvement Value: $483,630

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $233,452
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $193,452

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 31, 2005
  • Current Sale Recording Date: Jun 13, 2005
  • Current Sale Transaction ID: 1129378294
  • Current Sale Price: $353,600
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BK
  • First Mortgage Transaction Date: Jun 13, 2005
  • First Mortgage Loan Amount: $282,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 31, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Forsyth



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4070 Mayhill Circle, Cumming, GA, 30040 Listing by Tamara Bass

Frequently Asked Questions

What neighborhood is 5015 Steel Magnolia Court located in?
The 5015 Steel Magnolia Court is a located in the neighborhood of Forsyth in Forsyth, Cumming.
What is the average sales price for listings in 5015 Steel Magnolia Court?
The average sales price for units in 5015 Steel Magnolia Court is $0 currently.

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