$285,000
●
House -
Off Market
7550 Timberline Overlook
Cumming, GA 30041
3 Beds
3 Baths,
1
Half Bath
2,492 Ft²
$411,453
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model
About This Property
Adorable Cape Cod with wraparound front porch. Light and
bright interior boasts beautiful colors throughout and wonderful
wood Pergo floors. Charming great room has fireplace leading
to a spacious dining room. Updated kitchen with sitting room
or additional dining area. Master on the main. Upstairs are 2
generous bedrooms & bath plus a cozy loft area +extra storage
areas. Finished room in basement plus workshop. Deck
overlooks private, wooded, fenced in backyard. Beautiful
landscaping. Located in desirable location minutes to Lake
Lanier. Immaculate condition.
Unit Size
2,492 Ft²
Days on Market
-
Land Size
0.59 acres
Price per sqft
$112
Property Type
House
Property Taxes
$234
HOA Dues
$50
Year Built
1997
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (FMLS #6524611)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 31, 2022 | Sold | ||
| Sold | |||
| Mar 18, 2022 | Listed by Keller Williams Lanier Partners | $409,000 | |
| Listed by Keller Williams Lanier Partners | |||
| | |||
|
Fantastic home in beautiful Timberline at Lake Lanier in East Forsyth school district! Beautiful exterior featuring wrap around front porch! Bright interior colors throughout! Updated kitchen with sitting room, great room with fireplace leads to spacious dining room. Master suite on main level with ensuite bath that features double vanities and separate soaking tub and shower. 2 large bedrooms up, full bath and cozy loft area! Basement has a finished playroom and workshop. Deck overlooks private, wooded fenced backyard.
| |||
| Jun 3, 2019 | Sold | ||
| Sold | |||
| Apr 9, 2019 | Listed by ERA Sunrise Realty | $279,900 | |
| Listed by ERA Sunrise Realty | |||
| Jan 27, 2016 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Status
Status
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ft²
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HOA + Taxes
About Forsyth
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Listed by: Wanda P Roach, ERA Sunrise Realty
Last Updated: 3 years ago
Data Source: FMLS, MLS# 6524611
Last Updated: 3 years ago
Data Source: FMLS, MLS# 6524611
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