Sold
$229,000
3 beds · 3,046 sqft
2238 Riverside Drive, Gainesville, GA 30501
Great deal
Priced about $411,411 (64%) below comparable homes. Estimated market value $640,411, based on 7 comparable homes nearby.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
Older four sides brick home on very desirable street with platform dock on Lake Lanier with deep water. Home has lake views. House needs repair and is to be sold as is. Basement has mold and foundation issues. This home could be restored to former glory (it has hardwood floors and granite in kitchen) or torn down to build a new home with beautiful views. Large lot (.87 acres). Appraisal has been completed.
PoolBasementNo HOA
Listing remarks courtesy of Berkshire Hathaway HomeServices Georgia Properties · Sold by Virtual Properties Realty.com.
· FMLS #6019827$1,566/mo est.
with $22,900 down · $229,000 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
3
Beds
3,046
Sqft
1950
Built
0.87 ac
Lot
1
Fireplaces
Veribas Rental Valuation
If you rented it out · from nearby rentals
$4,875/morange $4,525 – $5,22525.5% gross yield
Based on 4 similar rentals within 2 mi (2 recently leased).
3 bd · 2 ba · 1.6 mi away$1,895/mo4 bd · 2 ba · 2,100 sqft · 1.3 mi away · leased$2,900/mo3 bd · 2 ba · 1.7 mi away · leased$1,895/mo4 bd · 3 ba · 1.5 mi away$5,900/mo
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Home facts
Payment calculator
$1,633/mo
Principal & interest$1,337
Property taxes$229
Home insurance$67
Down payment$22,900 (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
Enota Multiple Intelligences AcademyElementary
Gainesville EastMiddle
GainesvilleHigh
Location
46 for sale 6 pending 12 sold
Listed by
Berkshire Hathaway HomeServices Georgia Properties · Sold by Virtual Properties Realty.com
Source: FMLS · #6019827
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