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7940 Silversmith Dr; Cumming, GA Property Details

7940 Silversmith Dr, Cumming, GA is a Single Family that was built in 1993. This property is currently Financed and is not for sale. Our records show that 7940 Silversmith Dr has 3 bedrooms, and 2 bathrooms, and a total of 1,384 square feet. The lot size of 7940 Silversmith Dr is 25,700 square feet.

Off market
7940 Silversmith Dr Cumming, GA 30028
$148,064 Estimated Value
3 Beds
2 Baths
1,384 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1993
  • Purchase Price: $124,500
  • Open Loans / Balance: 2 / $266,368
  • Est. Equity / %: $104,632 / 28.2%
  • Gross Yield: 7.32%
  • APN: 185-000-127
  • Situs County: Forsyth
  • Length Of Ownership: 20 years, 6 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full Bathrooms: 2

Structure

  • Building Style: Masonry
  • Stories: 1
  • Exterior Wall Type: Siding (Alum/Vinyl)
  • Building Quality: C
  • Roof Type: Gable
  • Roof Cover Type: Asphalt
  • Deck: true

Measurements

  • Total: 1,384/SqFt
  • Lot: 25,700/SqFt
  • Gross: 1,384/SqFt
  • Garage: 400/SqFt
  • Living: 1,384/SqFt
  • Building: 1,384/SqFt
  • Ground: 1,384/SqFt
  • Price Per Square Foot: $89.96

Legal Description

  • Description: 3-1 40 LT 17 PH 2 SILVERS MITH
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Forsyth County School District
  • Lat / Lon: 34.32876 / -84.117004
  • Subdivision: Silversmith
  • Property Class: Residential
  • Zoning: R1R
  • County Use Code: 0100

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 5569
  • Bathroom Fixtures: 6
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Garage
  • Heating: Central
  • Parking: 2

HOA

  • H O A One: $375
  • H O A Amount: $375
  • H O A One Frequency: Annual
  • H O A One Name: Silversmith Homeowners Association
  • H O A One Type: Home Owner Association

Ownership Info

7940 Silversmith Dr has no associated ownership info
7940 Silversmith Dr has no associated ownership info.

Taxes

7940 Silversmith Dr has 10 associated Taxes items

7940 Silversmith Dr, Cumming, GA pays taxes in Forsyth County, GA. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $148,064. The APN we've located for 7940 Silversmith Dr is 185-000-127.

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Taxes
  • Assessed Value:  $148,064
  • Assessed Year:  2025
  • Assessed County:  Forsyth
  • APN:  185-000-127
  • Assessed Land Value:  36000
  • Market Land Value:  90000
  • Tax Amount:  2885.4
  • Tax Year:  2025
  • Market Value:  370160
  • Market Year:  2025

Tax History

7940 Silversmith Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $148,064 Land Value $36,000 Improvement Value $112,064 Tax Amount $2,885.4 Change Rate +0.031454% Assessed CR Tax Rate +0.019488%
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $2,797.41 Change Rate +0.153852% Assessed CR Tax Rate
Year 2023 Assessed Value $141,016 Land Value $26,000 Improvement Value $115,016 Tax Amount $2,424.41 Change Rate -0.044259% Assessed CR Tax Rate +0.017192%
Year 2022 Assessed Value $78,644 Land Value $16,000 Improvement Value $62,644 Tax Amount $2,536.68 Change Rate +0.333782% Assessed CR Tax Rate +0.032255%
Year 2021 Assessed Value $78,644 Land Value $16,000 Improvement Value $62,644 Tax Amount $1,901.87 Change Rate +0.11188% Assessed CR Tax Rate +0.024183%
Year 2020 Assessed Value $69,376 Land Value $16,000 Improvement Value $53,376 Tax Amount $1,710.5 Change Rate -0.139042% Assessed CR Tax Rate +0.024656%
Year 2019 Assessed Value $71,584 Land Value $16,000 Improvement Value $55,584 Tax Amount $1,986.74 Change Rate +0.380227% Assessed CR Tax Rate +0.027754%
Year 2018 Assessed Value $55,952 Land Value $14,000 Improvement Value $41,952 Tax Amount $1,439.43 Change Rate -0.081662% Assessed CR Tax Rate +0.025726%
Year 2017 Assessed Value $56,476 Land Value $14,000 Improvement Value $42,476 Tax Amount $1,567.43 Change Rate +0.141344% Assessed CR Tax Rate +0.027754%
Year 2016 Assessed Value $52,636 Land Value $12,000 Improvement Value $40,636 Tax Amount $1,373.32 Change Rate +0.009824% Assessed CR Tax Rate +0.026091%
Year 2015 Assessed Value $52,064 Land Value $12,000 Improvement Value $40,064 Tax Amount $1,359.96 Change Rate +0.1733% Assessed CR Tax Rate +0.026121%
Year 2014 Assessed Value $47,072 Land Value Improvement Value Tax Amount $1,159.09 Change Rate Assessed CR Tax Rate +0.024624%