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5871 Terrace Bend Way

5871 Terrace Bend Way, Norcross, GA 30092
Property in Gwinnett
Sold Jul 10, 2022
$567,500
$454,000 by Bank Of England
Mortgage Due Jun 01, 2037
Sold Dec 31, 2019
$389,660
$311,728 by Taylor Morrison Home Funding
Mortgage Due Jan 01, 2050
5871 Terrace Bend Way has been categorized by the local assessors in Norcross, GA as a residential type of property. The building on the property was first built in 2019 and is 5 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 3 stories. In addition, 5871 Terrace Bend Way has 2,178 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 1,742 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse style.

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 462 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as good. 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 wood control joints. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of brick. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. 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, 5871 Terrace Bend Way was last sold in Jun 30, 2022 for $567,500. According to our calculations, that's $260.56 per sqft. Prior to that sales transaction, the property was sold for $389,660 in Dec 31, 2019. Current property owners are expected to pay $6,197 in taxes per year. The property on 5871 Terrace Bend Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $201,520. To break that down further, the land itself was valued at $33,600. While improvements to the property were assessed at a total of $167,920. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Exterior

Brick Exterior

Driveway

Driveway

Parking

Attached Garage
Paved Parking
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Good
  • Construction Type: Wood
  • Building Style: Townhouse
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 1,742
  • Total Building Area: 2,178
  • Building Area: 2,178
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,178
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TERRACE
  • Land Acres: 0.04
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L2 BA TERRACES AT PEACHTREE CORNERS

Ownership

  • Current Owner : ZAHID MAHNOOR
  • Current Owner 2: ZAHID ALEENA
  • Previous Owner : VALDES ALEXANDER JOSEPH
  • Owner Before Previous Owner: TAYLOR MORRISON OF GEORGIA LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Gwinnett County School District
  • Census Tract: 050336

Geography

  • District: 20
  • Parcel: 6-284 -321
  • Block: A
  • Lot: 2
  • Municipality: 20
  • Latitude: 33.9607
  • Longitude: -84.2344

    Address

  • Full Address: 5871 Terrace Bend Way
  • Address - House Number: 5871
  • Address - Street Name: Terrace Bend
  • Address - Suffix Type: Way
  • State: GA
  • City Name: Peachtree Corners
  • Carrier Code: C066
  • 4-Digit Zip Code: 2338
  • Zip Code: 30092

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,197

    Appraisal Valuation

  • Standard Deviation: 0.0652
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 96
  • Final Value: 634,871
  • High Value: 676,289
  • Low Value: 593,452

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $454,000
  • First Open Lien Mortgage Lender: BANK OF ENGLAND
  • First Open Lien Mortgage Recording Date: Jul 10, 2022
  • First Open Lien Mortgage Loan Amount: $454,000
  • 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: Jun 01, 2037

    Market Valuation

  • Market Total Value: $503,800
  • Market Land Value: $84,000
  • Market Improvement Value: $419,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $201,520
  • Assessed Land Value: $33,600
  • Assessed Improvements Value: $167,920

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 30, 2022
  • Current Sale Recording Date: Jul 10, 2022
  • Current Sale Transaction ID: 11892532831
  • Current Sale Price: $567,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2022-022109
  • Previous Sale Recording Date: Dec 31, 2019
  • Previous Sale Contract Date: Dec 31, 2019
  • Previous Sale Amount: $389,660
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF ENGLAND
  • First Mortgage Transaction Date: Jul 10, 2022
  • First Mortgage Loan Amount: $454,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2037

    Previous Mortgages

  • Previous Mortgage Lender: TAYLOR MORRISON HOME FUNDING
  • Previous Mortgage Transaction Date: Dec 31, 2019
  • Previous Mortgage Loan Amount: $311,728
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2050

About Gwinnett



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Frequently Asked Questions

What neighborhood is 5871 Terrace Bend Way located in?
The 5871 Terrace Bend Way is a located in the neighborhood of Gwinnett in Gwinnett, Norcross.
What is the average sales price for listings in 5871 Terrace Bend Way?
The average sales price for units in 5871 Terrace Bend Way is $0 currently.

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