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5545 Hancock Lane

5545 Hancock Lane, Cumming, GA 30041
Property in Forsyth
Sold Apr 26, 2016
Transfer
$162,500 by Fairway Independent Mortgage
Mortgage Due Jan 01, 2050
Sold Apr 26, 2016
$172,000
Local assessors in Cumming, GA have categorized 5545 Hancock Lane 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 27,878 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 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 5545 Hancock Lane has a total of 1,929 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 400 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 - C+. The building has a roof that is made of asphalt. Lots of alum/vinyl siding 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. Prior to that sales transaction, the property was also sold in Apr 26, 2016 for $172,000. 5545 Hancock Lane was last assessed in 2023. The total value of the property was assessed at $167,004. Specifically, the land the property is located on was valued at $40,000. While improvements on the property were assessed at a total of $127,004. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $4,111. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Quality: C+
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 27,878
  • Total Building Area: 1,929
  • Building Area: 1,929
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,929
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SIDNEY MILL
  • Land Acres: 0.64
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 14-1 726 LT18 PH 2 SIDNEY MILL

Ownership

  • Current Owner : KEEN SCOTT ADAM
  • Previous Owner : GLEASON ISABELLE MARY ESTATE
  • Owner Before Previous Owner: GLEASON DORIS T TRUSTEE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Forsyth County School District
  • Census Tract: 130105

Zoning

  • Zoning: R2R

Geography

  • Account Number: 0000165255
  • Subdivision Phase Number: 2
  • Parcel: 269 324
  • Lot: 18
  • Municipality: COUNTY
  • Latitude: 34.2625
  • Longitude: -84.0321

    Address

  • Full Address: 5545 Hancock Ln
  • Address - House Number: 5545
  • Address - Street Name: Hancock
  • Address - Suffix Type: Ln
  • State: GA
  • City Name: Cumming
  • Carrier Code: R062
  • 4-Digit Zip Code: 5544
  • Zip Code: 30041

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,111
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.1415
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 83
  • Final Value: 434,133
  • High Value: 495,563
  • Low Value: 372,702

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $218,500
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE
  • First Open Lien Mortgage Recording Date: Jun 05, 2020
  • First Open Lien Mortgage Loan Amount: $162,500
  • 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: Jan 01, 2050
  • Second Open Lien Mortgage Lender: UNITED COMMUNITY BANK
  • Second Open Lien Mortgage Recording Date: Jan 28, 2021
  • Second Open Lien Mortgage Loan Amount: $56,000
  • Second Open Lien Mortgage Term: 287
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Commercial
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2045

    Market Valuation

  • Market Total Value: $417,510
  • Market Land Value: $100,000
  • Market Improvement Value: $317,510

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $167,004
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $127,004

    Sales

  • Current Sale Contract Date: Apr 26, 2016
  • Current Sale Recording Date: Apr 26, 2016
  • Current Sale Transaction ID: 1551230999
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2016-004299
  • Previous Sale Recording Date: Apr 26, 2016
  • Previous Sale Contract Date: Apr 26, 2016
  • Previous Sale Amount: $172,000
  • Previous Sale Document Type: Warranty Deed

About Forsyth



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Frequently Asked Questions

What neighborhood is 5545 Hancock Lane located in?
The 5545 Hancock Lane is a located in the neighborhood of Forsyth in Forsyth, Cumming.
What is the average sales price for listings in 5545 Hancock Lane?
The average sales price for units in 5545 Hancock Lane is $0 currently.

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