AMAZING VALUE ON LAKE LANIER! What better than a 4 bed, 2 bath Classic Ranch Lake House on the South End of Lake Lanier with a covered dock in a cove that hasn't gone dry in 38 years (owner has been there since 1985) with quick access to GA 400 and close to all of the action in Forsyth County? BETTER IS ALL OF THAT PLUS A 1.52 ACRE LOT THAT CAN BE PARCELED INTO 2 LOTS TO BUILD ANOTHER HOME! There are endless possibilities for this property with a house that has been tastefully updated through the years (kitchen, bathrooms, expanded deck, windows and doors), a detached 2 car garage, a covered dock with an additional exterior covered slip, a dock location on a point with deep water, a second building site along Buford Dam Way (County Building Dept has stated the lot can be subdivided; would require survey). Amazing privacy with a treehouse panorama view from the abundant windows and doors. County water and sewer available at the street. 24 x 28 dock permit. Second building site would be along Buford Dam Way. Selling Broker shall receive 1% co-op fee if Buyers Agent is not present at first showing.
Closed
$880,000
1240 Buford Dam Way, Cumming, GA 30041
4beds
1,920sqft
Single Family Residence
Built in 1974
1.53 Acres Lot
$784,100 Zestimate®
$458/sqft
$2,532 Estimated rent
Home value
$784,100
$674,000 - $917,000
$2,532/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
John Hawn 888-959-9461,
eXp Realty
Bought with:
Dianne Whitmire, 123482
Promotion Realty, Inc.
Source: GAMLS,MLS#: 10219416
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Rooms
- Room types: Laundry, Game Room
Kitchen
- Features: Breakfast Room
Heating
- Natural Gas, Central, Forced Air
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Gas Water Heater, Dryer, Washer, Dishwasher, Microwave, Refrigerator
- Laundry: In Basement
Features
- Bookcases, High Ceilings, Beamed Ceilings, Master On Main Level, Split Bedroom Plan
- Flooring: Hardwood, Tile, Carpet
- Windows: Double Pane Windows
- Basement: Daylight,Exterior Entry,Finished,Full
- Number of fireplaces: 2
- Fireplace features: Basement, Family Room, Gas Log
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,920
- Total interior livable area: 1,920 sqft
- Finished area above ground: 960
- Finished area below ground: 960
Property
Parking
- Parking features: Detached
- Has garage: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio
- Exterior features: Dock
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Deep Water Access
- Body of water: Lanier
- Frontage type: Lakefront
- Frontage length: Waterfront Footage: 50
Lot
- Size: 1.53 Acres
- Features: Cul-De-Sac, Private, Sloped
- Residential vegetation: Wooded
Details
- Additional structures: Boat House
- Parcel number: 197 169
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Other
- Foundation: Block
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1974
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Available, Water Available
Green energy
- Energy efficient items: Appliances
Community & HOA
Community
- Features: Near Shopping
- Subdivision: Lake Lanier
HOA
- Has HOA: No
- Services included: None
Location
- Region: Cumming
Financial & listing details
- Price per square foot: $458/sqft
- Tax assessed value: $818,620
- Annual tax amount: $623
- Date on market: 10/28/2023
- Cumulative days on market: 20 days
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 12/21/2023 | Sold | $880,000-4.9%$458/sqft |
Source:  GAMLS #10219416 Report a problem | ||
| 11/19/2023 | Pending sale | $925,000$482/sqft |
Source: GAMLS #10219416 Report a problem | ||
| 11/15/2023 | Price change | $925,000-2.6%$482/sqft |
Source:  FMLS GA #7296300 Report a problem | ||
| 10/28/2023 | Listed for sale | $950,000$495/sqft |
Source: FMLS GA #7296300 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,030 +1.1% | $327,448 +1.1% |
| 2024 | $7,939 +1455.9% | $323,768 +49.6% |
| 2023 | $510 -18.2% | $216,404 +6.5% |
| 2022 | $623 +4.6% | $203,276 +16.8% |
| 2021 | $596 | $174,060 +1% |
| 2020 | -- | $172,256 +0.4% |
| 2019 | $601 -0.6% | $171,532 +26.8% |
| 2017 | $605 | $135,280 |
| 2016 | $605 | $135,280 |
| 2015 | $605 +12.2% | $135,280 +1.6% |
| 2014 | $539 +6.9% | $133,212 +42.9% |
| 2013 | $504 -77.5% | $93,212 -0.5% |
| 2012 | $2,244 -0.7% | $93,696 -0.6% |
| 2011 | $2,259 | $94,220 -2.6% |
| 2010 | -- | $96,688 |
| 2009 | -- | $96,688 -0.4% |
| 2008 | -- | $97,088 -0.4% |
| 2007 | -- | $97,460 +18.7% |
| 2006 | $1,680 | $82,120 |
| 2005 | $1,680 +6.8% | $82,120 +7.9% |
| 2004 | $1,573 +1.1% | $76,120 |
| 2003 | $1,556 +7.3% | -- |
| 2002 | $1,450 +6% | -- |
| 2001 | $1,369 -1.2% | -- |
| 2000 | $1,385 | -- |
Find assessor info on the county website
Neighborhood: 30041
Nearby homes
- $942,7003 bd3 ba3.5k sqft1245 Flowers Dr, Cumming, GA 30041Off Market
- $1,177,4005 bd4 ba3k sqft1260 Buford Dam Way, Cumming, GA 30041Off Market
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Nearby schools
GreatSchools rating
- 8/10Mashburn Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 8/10Lakeside Middle SchoolGrades: 6-8Distance: 2.2 mi
- 8/10Forsyth Central High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Mashburn
- Middle: Lakeside
- High: Forsyth Central
Source: GAMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$784,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$784,100
- Georgia
- Forsyth County
- Cumming
- 30041
- 1240 Buford Dam Way
