Sold Price cut: $520,000 (1/15)
$2,475,000
6 beds · 10,173 sqft
5507 Long Island Drive, Atlanta, GA 30327
Great deal
Priced about $522,415 (17%) below comparable homes. Estimated market value $2,997,415, based on 5 comparable homes in the metro.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
Newer Estate home with brick and frame construction. Home has been reduced and seller is motivated. Very unique setting with rear of property overlooking picturesque 7 acre lake. Master bedroom on main with limestone fireplace. Four bedrooms up with separate baths. Large rooms, nice architectural detailing and trim. Lower level is fabulous with media room, exercise room, rec…
Master on mainPoolBasementGarageNo HOA
Listing remarks courtesy of ATLANTA FINE HOMES SOTHEBYS INTERNATIONAL · Sold by CHAPMAN HALL REALTORS.
· FMLS #5073110$16,923/mo est.
with $247,500 down · $2,475,000 list price*
Buyer services · Veribas Real Estate LLC — not the listing broker unless noted above
Connect with a lender · no credit check*Estimate — 30-yr fixed at 6.75% APR with taxes & insurance. Not a loan offer.
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Home details
6
Beds
10,173
Sqft
2005
Built
4-car
Garage
4
Fireplaces
Veribas Rental Valuation
If you rented it out · from nearby rentals
$16,150/morange $15,025 – $17,2757.8% gross yield
Based on 10 similar rentals within a mile (1 recently leased).
6 bd · 5 ba · 7,100 sqft · 0.3 mi away$11,900/mo6 bd · 4 ba · 2,466 sqft · 0.5 mi away$4,500/mo5 bd · 4 ba · 4,067 sqft · 0.6 mi away$4,975/mo4 bd · 4 ba · 3,038 sqft · 0.8 mi away$5,000/mo
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Home facts
Payment calculator
$17,645/mo
Principal & interest$14,448
Property taxes$2,475
Home insurance$722
Down payment$247,500 (10%)
Interest rate6.750%
Estimates only — taxes at 1.2%/yr and insurance at 0.35%/yr of price. Get exact terms from a lender via pre-qualification.
Value & price history
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Schools
Heards FerryElementary
Ridgeview CharterMiddle
Riverwood International CharterHigh
Location
70 for sale 10 pending 12 sold
Listed by
ATLANTA FINE HOMES SOTHEBYS INTERNATIONAL · Sold by CHAPMAN HALL REALTORS
Source: FMLS · #5073110
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