Sold Price cut: $20,400 (7/15)
$69,500
3 beds · 2,248 sqft
800 Summit Street, Gainesville, GA 30501
Great deal
Priced about $370,072 (84%) below comparable homes. Estimated market value $439,572, based on 10 comparable homes nearby.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
GREAT INVESTMENT OPPORTUNITY!! RENTAL IN CITY LIMITS. HOUSE IS DIVIDED INTO THREE APARTMENTS. VERY CLOSE PROXIMITY TO COMMERCIAL AREA. LOTS OF POSSIBILITIES WITH THIS PROPERTY LOCATED IN THE HEART OF THE CITY OF GAINESVILLE. SOLD 'AS IS'.
PoolBasementNo HOA
Listing remarks courtesy of Berkshire Hathaway HomeServices Georgia Properties · Sold by Berkshire Hathaway HomeServices Georgia Properties.
· FMLS #5268079$475/mo est.
with $6,950 down · $69,500 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
2,248
Sqft
1935
Built
None
HOA
$1,018/yr
Est. taxes
Veribas Rental Valuation
If you rented it out · from nearby rentals
$4,675/morange $4,350 – $5,00080.7% gross yield
Based on 7 similar rentals within a mile (2 recently leased).
2 bd · 3 ba · 0.2 mi away$4,000/mo2 bd · 3 ba · 1,800 sqft · 0.5 mi away$5,500/mo2 bd · 3 ba · 1,200 sqft · 0.1 mi away · leased$1,725/mo3 bd · 2 ba · 1,254 sqft · 0.6 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
$496/mo
Principal & interest$406
Property taxes$70
Home insurance$20
Down payment$6,950 (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
Gainesville Exploration AcademyElementary
Gainesville EastMiddle
GainesvilleHigh
Location
45 for sale 4 pending 12 sold
Listed by
Berkshire Hathaway HomeServices Georgia Properties · Sold by Berkshire Hathaway HomeServices Georgia Properties
Source: FMLS · #5268079
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