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53 Cottage Lane

53 Cottage Lane, Newnan, GA 30265
Sold Feb 24, 2022
Transfer
Buyer
Seller
$305,000 by Prime Home Loans
Mortgage Due Feb 01, 2052
Sold Jul 16, 2021
Transfer
$318,250 by Prime Home Loans
Mortgage Due Jan 01, 2036
Local assessors in Newnan, GA have categorized 53 Cottage Lane as a residential type of property. The home was built in 2003 and is 21 years old. It was most recently renovated and altered in 2007. The property's lot size has been calculated to be 8,387 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 53 Cottage Lane has a total of 2,090 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 municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. 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 500 sqft. Do you like to entertain? The home has both a open porch and a patio so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. The building has a gable or hip style roof that was made of composition shingle. Lots of unknown were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $2,344 in taxes per year. The property on 53 Cottage Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $123,990. To break that down further, the land itself was valued at $26,000. While improvements to the property were assessed at a total of $97,990. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 2003
  • Effective Year Built: 2007
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Tile
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 500
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 8,387
  • Total Building Area: 2,090
  • Building Area: 2,090
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,090
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: EASTLAKE AT SUMMERGROVE
  • Land Acres: 0.192
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HSE/LT 105 EASTLAKE @ SUMMERGROVE

Ownership

  • Current Owner : LEE JONGHWAN
  • Previous Owner : RIM SUN OK
  • Owner Before Previous Owner: SYKES PHILLIP G
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Coweta County School District
  • School Tax School District: NEWMAN ANNEX
  • Census Tract: 170607

Zoning

  • Zoning: 001

Geography

  • Account Number: 42282
  • Parcel: SG7 105
  • Lot: 105
  • Municipality: NEWNAN
  • Latitude: 33.37
  • Longitude: -84.7146

    Address

  • Full Address: 53 Cottage Ln
  • Address - House Number: 53
  • Address - Street Name: Cottage
  • Address - Suffix Type: Ln
  • State: GA
  • City Name: Newnan
  • Carrier Code: C018
  • 4-Digit Zip Code: 5924
  • Zip Code: 30265

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,344
  • Tax Rate Code Area: 8

    Appraisal Valuation

  • Standard Deviation: 0.1684
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 380,855
  • High Value: 445,000
  • Low Value: 316,710

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $305,000
  • First Open Lien Mortgage Lender: PRIME HOME LOANS
  • First Open Lien Mortgage Recording Date: Feb 24, 2022
  • First Open Lien Mortgage Loan Amount: $305,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Cash
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2052

    Market Valuation

  • Market Total Value: $309,976
  • Market Land Value: $65,000
  • Market Improvement Value: $244,976

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $123,990
  • Assessed Land Value: $26,000
  • Assessed Improvements Value: $97,990

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 24, 2022
  • Current Sale Recording Date: Feb 24, 2022
  • Current Sale Transaction ID: 11880513213
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2022-001107
  • Previous Sale Recording Date: Jul 16, 2021
  • Previous Sale Contract Date: Jul 16, 2021
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRIME HOME LOANS
  • First Mortgage Transaction Date: Feb 24, 2022
  • First Mortgage Loan Amount: $305,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Cash
  • First Mortgage Loan Due Date: Feb 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: PRIME HOME LOANS
  • Previous Mortgage Transaction Date: Jul 16, 2021
  • Previous Mortgage Loan Amount: $318,250
  • Previous Mortgage Term: 173
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2036

About Summergrove



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Unit for rent at 45 Greenview Dr, Newnan, GA, 30265

$2,800 /mo

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45 Greenview Dr, Newnan, GA, 30265 Listing by Vincent Truong

Frequently Asked Questions

What neighborhood is 53 Cottage Lane located in?
The 53 Cottage Lane is a located in the neighborhood of Eastlake at Summergrove in Summergrove, Newnan.
What is the average sales price for listings in 53 Cottage Lane?
The average sales price for units in 53 Cottage Lane is $0 currently.

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