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5740 Palmtree Pass

5740 Palmtree Pass, Cumming, GA 30040
Property in Forsyth
Sold Jan 29, 2016
$321,525
$210,000 by Quicken Loans
Mortgage Due Jan 01, 2035
5740 Palmtree Pass has been categorized by the local assessors in Cumming, GA as a residential type of property. The building on the property was first built in 2016 and is 8 years old. The home has a total of 4 bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5740 Palmtree Pass has 2,934 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 10,019 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 440 sqft. According to our sources, there are a total of 2 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B- by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of materials we are unsure of. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5740 Palmtree Pass was last sold in Jan 29, 2016 for $321,525. According to our calculations, that's $109.59 per sqft. Current property owners are expected to pay $5,902 in taxes per year. The property on 5740 Palmtree Pass was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $239,772. To break that down further, the land itself was valued at $56,000. While improvements to the property were assessed at a total of $183,772. 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. 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.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: 2016
  • Effective Year Built: 2016
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Quality: B-
  • Construction Type: Masonry
  • Exterior Walls Type: Other
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 2,934
  • Building Area: 2,934
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,934
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: POST BROOK FARMS
  • Land Acres: 0.23
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 2-1 44 LT 156 PH 2C POST BROOK FARMS

Ownership

  • Current Owner : BHORIWAL SUNIL
  • Previous Owner : DR HORTON INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Forsyth County School District
  • Census Tract: 130302

Zoning

  • Zoning: RES3

Geography

  • Account Number: 0000139816
  • Subdivision Phase Number: 2C
  • Parcel: 035 534
  • Block: 2C
  • Lot: 156
  • Latitude: 34.1981
  • Longitude: -84.2254

    Address

  • Full Address: 5740 Palmtree Pass
  • Address - House Number: 5740
  • Address - Street Name: Palmtree
  • Address - Suffix Type: Pass
  • State: GA
  • City Name: Cumming
  • Carrier Code: R118
  • 4-Digit Zip Code: 1854
  • Zip Code: 30040

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,902
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.1415
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 83
  • Final Value: 648,195
  • High Value: 739,915
  • Low Value: 556,475

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $405,000
  • First Open Lien Mortgage Lender: QUICKEN LOANS
  • First Open Lien Mortgage Recording Date: Feb 07, 2020
  • First Open Lien Mortgage Loan Amount: $210,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2035
  • Second Open Lien Mortgage Lender: PROVIDENT FUNDING
  • Second Open Lien Mortgage Recording Date: May 12, 2021
  • Second Open Lien Mortgage Loan Amount: $195,000
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2036

    Market Valuation

  • Market Total Value: $599,430
  • Market Land Value: $140,000
  • Market Improvement Value: $459,430

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $239,772
  • Assessed Land Value: $56,000
  • Assessed Improvements Value: $183,772

    Sales

  • Current Sale Contract Date: Jan 29, 2016
  • Current Sale Recording Date: Jan 29, 2016
  • Current Sale Transaction ID: 1439714151
  • Current Sale Price: $321,525
  • Current Sale Document Type: Limited Warranty Deed
  • Current Sale Input Document Number: 2016-000871

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS
  • First Mortgage Transaction Date: Feb 04, 2016
  • First Mortgage Loan Amount: $257,220
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 29, 2036

About Forsyth



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Frequently Asked Questions

What neighborhood is 5740 Palmtree Pass located in?
The 5740 Palmtree Pass is a located in the neighborhood of Forsyth in Forsyth, Cumming.
What is the average sales price for listings in 5740 Palmtree Pass?
The average sales price for units in 5740 Palmtree Pass is $0 currently.

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