Sold Price cut: $25,000 (10/21)
$225,000
4 beds · 1,860 sqft
5775 Mercedes Drive, Cumming, GA 30041
Great deal
Priced about $208,359 (48%) below comparable homes. Estimated market value $433,359, based on 12 comparable homes nearby.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
Live on the Lake like you've always wanted to!Affordable Lake Living!Your own dock for 2 boats!4 bedrm 2.5 bath home.Perfect for year round living or retirement/vacation home!This home is built to enjoy Lake Lanier.Sliding glass windows on both levels for lake views.Property backs up to Army Corp land & has steps to dock for easy lake access!Home is move in ready w/ new…
PoolBasementNo HOARenovated
Listing remarks courtesy of SOLID SOURCE REALTY INC. · Sold by NON FMLS MEMBER.
· FMLS #5179233$1,538/mo est.
with $22,500 down · $225,000 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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Sign in, then back your offer with a verified pre-approval — either a Veribas pre-approval or a lender letter we confirm.
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As soon as today with a Veribas agent
Video walkthrough
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Home details
4
Beds
1,860
Sqft
1974
Built
1
Fireplaces
None
HOA
Veribas Rental Valuation
If you rented it out · from nearby rentals
$2,200/morange $2,050 – $2,35011.7% gross yield
Based on 12 similar rentals within 2 mi (5 recently leased).
4 bd · 2 ba · 1,593 sqft · 0.7 mi away$2,600/mo3 bd · 3 ba · 1,668 sqft · 0.6 mi away$2,150/mo3 bd · 3 ba · 1,842 sqft · 1.1 mi away · leased$2,400/mo3 bd · 3 ba · 1,750 sqft · 1 mi away$2,200/mo
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Home facts
Payment calculator
$1,604/mo
Principal & interest$1,313
Property taxes$225
Home insurance$66
Down payment$22,500 (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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Every list price is checked against our valuation model and local comps.
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A Veribas agent walks every showing — questions answered on the spot.
No surprises at closing
No junk fees — the numbers you agree to are the numbers you sign.
Schools
Chattahoochee - ForsythElementary
Little MillMiddle
Forsyth CentralHigh
Location
66 for sale 14 pending 12 sold
Listed by
SOLID SOURCE REALTY INC. · Sold by NON FMLS MEMBER
Source: FMLS · #5179233
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© 2026 Veribas Real Estate LLC · (833) 837-4227 · Georgia Broker Lic. H-81905 · Qualifying Broker: Ahsan Charania, GREC #417366. Veribas Real Estate LLC is a licensed Georgia real estate brokerage. We are not a lender or mortgage loan originator; all financing is provided by independent NMLS-licensed lenders, and payment figures on this site are estimates only. Listing information is deemed reliable but not guaranteed and should be independently verified. We are committed to the federal Fair Housing Act and the Equal Credit Opportunity Act.
