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718 Cumberland Circle Northeast

718 Cumberland Circle Northeast, Atlanta, GA 30306
Sold Apr 28, 2023
$1,550,000
$1,240,000 by Banksouth Mortgage
Mortgage Due Apr 01, 2053
Sold Aug 30, 2010
$675,000
$540,000 by Jp Morgan Chase Bk
Mortgage Due Aug 20, 2040
718 Cumberland Circle Northeast has been categorized by the local assessors in Atlanta, GA as a residential type of property. The building on the property was first built in 1930 and is 94 years old. However, we must point out that the home was most recently renovated and altered in 1990. The home has a total of 9 rooms. 5 of these rooms are legally considered as 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, 718 Cumberland Circle Northeast has 3,934 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 10,977 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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. Moving on to the building itself. The condition of the building has been evaluated as excellent. 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 exterior walls of the building are made of concrete. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, the home is utilizing gas. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 718 Cumberland Circle Northeast sold most recently in Apr 27, 2023 for a total of $1,550,000. If you work out the math, that's approximately a cost of $394.00 per sqft. Before that, the property was also sold for $675,000 in Aug 20, 2010. 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 $24,618 in taxes each year. 718 Cumberland Circle Northeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $594,640. If we break it down further, the land itself was valued at $273,240. Improvements to the property, however, were assessed at a total of $321,400. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1930
  • Effective Year Built: 1990
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Excellent
  • Building Quality: B+
  • Building Style: Conventional
  • Exterior Walls Type: Concrete
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,977
  • Total Building Area: 3,934
  • Building Area: 3,934
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 3,934
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MORNINGSIDE
  • Land Acres: 0.252
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 5 CB 2ND STORY ADD 65% COMP AN IMP REMEAS 901

Ownership

  • Current Owner : LEE CHELSEA
  • Current Owner 2: LEE CHRISTOPHER
  • Previous Owner : LAVELY ANTHONY M
  • Owner Before Previous Owner: THORNBURG MTG S TRUST 2007 & 4
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Atlanta City School District
  • Census Tract: 000201

Zoning

  • Zoning: R4

Geography

  • District: 05
  • Parcel: 17 005100070401
  • Block: 5
  • Lot: 14
  • Municipality: CITY OF ATLANTA
  • Latitude: 33.7974
  • Longitude: -84.3637

    Address

  • Full Address: 718 Cumberland Cir Ne
  • Address - House Number: 718
  • Street Segment Direction: NE
  • Address - Street Name: Cumberland
  • Address - Suffix Type: Cir
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C013
  • 4-Digit Zip Code: 3204
  • Zip Code: 30306

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $24,618
  • Tax Rate Code Area: 05

    Appraisal Valuation

  • Standard Deviation: 0.2065
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 72
  • Final Value: 1,576,781
  • High Value: 1,902,526
  • Low Value: 1,251,036

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,240,000
  • First Open Lien Mortgage Lender: BANKSOUTH MORTGAGE
  • First Open Lien Mortgage Recording Date: Apr 28, 2023
  • First Open Lien Mortgage Loan Amount: $1,240,000
  • 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: Apr 01, 2053

    Market Valuation

  • Market Total Value: $1,486,600
  • Market Land Value: $683,100
  • Market Improvement Value: $803,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $594,640
  • Assessed Land Value: $273,240
  • Assessed Improvements Value: $321,400

    Sales

  • Current Sale Contract Date: Apr 27, 2023
  • Current Sale Recording Date: Apr 28, 2023
  • Current Sale Transaction ID: 11906698719
  • Current Sale Price: $1,550,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2023-012486
  • Previous Sale Recording Date: Aug 30, 2010
  • Previous Sale Contract Date: Aug 20, 2010
  • Previous Sale Amount: $675,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANKSOUTH MORTGAGE
  • First Mortgage Transaction Date: Apr 28, 2023
  • First Mortgage Loan Amount: $1,240,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: JP MORGAN CHASE BK
  • Previous Mortgage Transaction Date: Aug 30, 2010
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $540,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 20, 2040

About Northeast Atlanta



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Frequently Asked Questions

What neighborhood is 718 Cumberland Circle Northeast located in?
The 718 Cumberland Circle Northeast is a located in the neighborhood of Morningside - Lenox Park in Northeast Atlanta, Atlanta.
What is the average sales price for listings in 718 Cumberland Circle Northeast?
The average sales price for units in 718 Cumberland Circle Northeast is $0 currently.

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