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5845 Lady Bank Way

5845 Lady Bank Way, Cumming, GA 30041
Property in Forsyth
Sold Jun 30, 2015
$369,167
$471,200 by Newrez Llc
Mortgage Due May 01, 2052
Sold Feb 12, 2015
$100,707
$280,000 by Sapp Dennis
Mortgage
5845 Lady Bank Way 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 2015 and is 9 years old. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5845 Lady Bank Way has 2,659 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 60,113 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 mixed used garage for those who require parking. The garage measured 724 sqft. According to our sources, there are a total of 3 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 heat pump and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. 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, 5845 Lady Bank Way sold most recently in Jan 1, 1970 for a total of $369,167. If you work out the math, that's approximately a cost of $138.84 per sqft. Before that, the property was also sold for $100,707 in Feb 12, 2015. 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 $4,364 in taxes each year. 5845 Lady Bank Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $226,212. If we break it down further, the land itself was valued at $34,000. Improvements to the property, however, were assessed at a total of $192,212. 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. 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.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: 2015
  • Effective Year Built: 2015
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Quality: B
  • Construction Type: Masonry
  • Exterior Walls Type: Other
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Mixed use
  • Garage Square Area: 724
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 60,113
  • Total Building Area: 2,659
  • Building Area: 2,659
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 2,659
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WILD ROSE
  • Land Acres: 1.38
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 14-1 680 LT 45 PH 1 WILD ROSE

Ownership

  • Current Owner : RUSSELL BRUCE
  • Previous Owner : MARTIN ASSOCIATES HOME BUILDERS INC
  • Owner Before Previous Owner: WRH LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Forsyth County School District
  • Census Tract: 130101

Zoning

  • Zoning: RES2

Geography

  • Account Number: 0000140186
  • Subdivision Phase Number: 1
  • Parcel: 266 098
  • Lot: 45
  • Municipality: COUNTY
  • Latitude: 34.2928
  • Longitude: -84.0368

    Address

  • Full Address: 5845 Lady Bank Way
  • Address - House Number: 5845
  • Address - Street Name: Lady Bank
  • Address - Suffix Type: Way
  • State: GA
  • City Name: Cumming
  • Carrier Code: R037
  • 4-Digit Zip Code: 5584
  • Zip Code: 30041

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,364
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.1415
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 83
  • Final Value: 679,044
  • High Value: 775,129
  • Low Value: 582,958

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $471,200
  • First Open Lien Mortgage Lender: NEWREZ LLC
  • First Open Lien Mortgage Recording Date: May 16, 2022
  • First Open Lien Mortgage Loan Amount: $471,200
  • 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: May 01, 2052

    Market Valuation

  • Market Total Value: $565,530
  • Market Land Value: $85,000
  • Market Improvement Value: $480,530

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $226,212
  • Assessed Land Value: $34,000
  • Assessed Improvements Value: $192,212

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Recording Date: Jun 30, 2015
  • Current Sale Transaction ID: 1233236671
  • Current Sale Price: $369,167
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2015-006580
  • Previous Sale Recording Date: Feb 12, 2015
  • Previous Sale Contract Date: Feb 12, 2015
  • Previous Sale Amount: $100,707
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Jul 06, 2015
  • First Mortgage Loan Amount: $348,697
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Previous Mortgages

  • Previous Mortgage Lender: SAPP DENNIS
  • Previous Mortgage Transaction Date: Feb 12, 2015
  • Previous Mortgage Loan Amount: $280,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Forsyth



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Frequently Asked Questions

What neighborhood is 5845 Lady Bank Way located in?
The 5845 Lady Bank Way is a located in the neighborhood of Forsyth in Forsyth, Cumming.
What is the average sales price for listings in 5845 Lady Bank Way?
The average sales price for units in 5845 Lady Bank Way is $0 currently.

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