See Home Value
Sandy Springs 30327
5022 Lake Forrest Drive
$6,218,137*
House - Off Market

5022 Lake Forrest Drive

Sandy Springs, GA 30342
bedrooms
8 Beds
bathrooms
9 Baths, 1 Half Bath
square feet
10688 Sqft
$4,770,000 - $5,830,000
Reference Base Price*
17.32%
Since Dec 1, 2021
GA-Atlanta
Primary Model
Sold Nov 05, 2021
$5,000,000
$3,000,000 by South State Bank
Mortgage Due Jan 01, 2051
Sold Aug 12, 2020
$560,000
$1,505,220 by Georgia Banking
Mortgage Due Jan 01, 2021

About This Property

This Modern Farmhouse in the Chastain Park area, is on 1.6 private acres. The securely gated, long, private driveway opens to your beautiful home in the woods, with convenient in-town living. Once inside, the 12' ceilings, custom iron window-walls-doors, and simple design create a light-filled space that pulls you in, and makes you want to stay. Pool, pool house, extra space with kitchen, wet bar, prep areas, and more make this home an absolutely perfect place for entertaining and luxury living. The gourmet kitchen features extravagances, a LaCornue Chateau Series Range/Oven, found in many celebrity homes. Center island w/ quartz waterfall countertop for casual seating leads to the open dining area. A butler's pantry for extra prep, and a vast walk-in pantry. A separate bar area w/ ice, wine tower, and beverage fridge.  Open great room w/ beams, a stone fireplace as its centerpiece, plenty of light and window-wall doors that walk out to the gorgeous outdoor living, and a separate screened-in porch.  Master on main with his/her closets, a private laundry, and luxury master bath. Many office options available with dedicated wiring. An office/bedroom on the main has a full bath and closet. Upstairs has 3 spacious bedrooms with private baths, and a common area, leading to a covered balcony. There is also a separate apartment off the main floor, with kitchen and bath.  Large upstairs laundry. Permanent stairs to the attic. Pebble-Tech salt water pool, which includes a pool house w/ apartment, full bath and kitchen, covered outdoor kitchen with gas grill. 4-car garage, golf-cart garage. Mudroom. Plenty of yard space for playsets.  Finished Terrace level with bedroom and bath.

The manager has listed the unit size as 10688 square feet.
Unit Size
10,688Ft²
Days on Market
-
Land Size
1.58 acres
Price per sqft
$496
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020

Price History

Date / Event Date Event Price
Nov 9, 2021 No longer available -
No longer available
Nov 5, 2021 Sold to Mitchel Anthony Hires $5,000,000
Sold to Mitchel Anthony Hires
Oct 6, 2021 No longer available -
No longer available
Sep 7, 2021 In contract -
In contract
Jun 15, 2021 Listed $5,300,000
Listed
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Total Rooms: 14
  • Bedroom Count: 8
  • Bathroom Count: 9
  • Full Bathrooms: 8
  • Partial Bathrooms: 9
  • Bathroom Plumbing Fixtures: 46
  • Building Condition: Excellent
  • Building Quality: E
  • Construction Type: Brick
  • Building Style: Conventional
  • Exterior Walls Type: Rock and stone
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 644
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 70,175
  • Total Building Area: 6,541
  • Building Area: 6,541
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 6,541
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: JONES
  • Land Acres: 1.611
  • Standard Land Use Code: Single family residential
  • Legal Description 1: JONES PROPERTY PT OF LOTS 3,4&5 1122 - UPDATED NEW CONSTRUCTION 100% COMPLETE

Ownership

  • Current Owner : HIRES MITCHEL ANTHONY
  • Previous Owner : 5022 LAKE FOREST LLC
  • Owner Before Previous Owner: TURNER BETTY HILL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Fulton County School District
  • Census Tract: 010212

Zoning

  • Zoning: RE1

Geography

  • District: 59
  • Parcel: 17 012000010172
  • Lot: 3
  • Municipality: CITY OF SANDY SPRINGS
  • Latitude: 33.8916
  • Longitude: -84.3887

    Address

  • Full Address: 5022 Lake Forrest Dr
  • Address - House Number: 5022
  • Address - Street Name: Lake Forrest
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C026
  • 4-Digit Zip Code: 2283
  • Zip Code: 30342

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $53,574
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 59

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 3,453,888
  • High Value: 4,852,731
  • Low Value: 2,055,044

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,000,000
  • First Open Lien Mortgage Lender: SOUTH STATE BANK
  • First Open Lien Mortgage Recording Date: Nov 05, 2021
  • First Open Lien Mortgage Loan Amount: $3,000,000
  • First Open Lien Mortgage Term: 349
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Market Valuation

  • Market Total Value: $4,745,100
  • Market Land Value: $416,300
  • Market Improvement Value: $4,328,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,898,040
  • Assessed Land Value: $166,520
  • Assessed Improvements Value: $1,731,520

    Sales

  • Current Sale Contract Date: Nov 05, 2021
  • Current Sale Recording Date: Nov 05, 2021
  • Current Sale Transaction ID: 11868636892
  • Current Sale Price: $5,000,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-053333
  • Previous Sale Recording Date: Aug 12, 2020
  • Previous Sale Contract Date: Aug 12, 2020
  • Previous Sale Amount: $560,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SOUTH STATE BANK
  • First Mortgage Transaction Date: Nov 05, 2021
  • First Mortgage Loan Amount: $3,000,000
  • First Mortgage Terms: 349
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: GEORGIA BANKING
  • Previous Mortgage Transaction Date: Aug 12, 2020
  • Previous Mortgage Loan Amount: $1,505,220
  • Previous Mortgage Term: 4
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jan 01, 2021



Comparables

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

About Sandy Springs


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Frequently Asked Questions

When was property at 5022 Lake Forrest Drive built and last sold?
The property at 5022 Lake Forrest Drive was built in 2020 and last sold on Nov 5, 2021 for $5,000,000.
How much is this home worth?
The estimated value of the home located at 5022 Lake Forrest Drive is $5,333,835.
What are some comparable homes to 5022 Lake Forrest Drive?
There are currently no comparable homes to 5022 Lake Forrest Drive.

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