Sold Price cut: $24,100 (5/12)
$274,900
2 beds · 1 baths
640 Ivey Terrace, Gainesville, GA 30501
About this home
LOCATION! LOCATION! LOCATION! Beautiful renovated 2 bedroom bungalow directly across the street from Ivey Terrace Park and Wilshire walking trails. Walking distance to downtown Gainesville. NEW Hardwood Floors throughout, Tile Kitchen and Bath. Covered Front Porch, NEW Storage shed included in sale. Home SOLD AS-IS.
PoolBasementNo HOARenovated
Listing remarks courtesy of On Point Realty, Inc. · Sold by Southern Classic Realtors.
· FMLS #7550680$1,880/mo est.
with $27,490 down · $274,900 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
2
Beds
1
Baths
1936
Built
0.21 ac
Lot
1
Fireplaces
None
HOA
Veribas Rental Valuation
If you rented it out · from nearby rentals
$1,625/morange $1,500 – $1,7507.1% gross yield
Based on 12 similar rentals within a mile (4 recently leased).
2 bd · 1 ba · 1,152 sqft · 0.8 mi away$1,800/mo2 bd · 3 ba · 1,800 sqft · 0.5 mi away$5,500/mo2 bd · 2 ba · 0.7 mi away$1,500/mo2 bd · 2 ba · 1,275 sqft · 0.7 mi away · leased$1,650/mo
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Payment calculator
$1,960/mo
Principal & interest$1,605
Property taxes$275
Home insurance$80
Down payment$27,490 (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
Estimated valueListed for sale
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Schools
Centennial Arts AcademyElementary
Gainesville EastMiddle
GainesvilleHigh
Location
66 for sale 8 pending 12 sold
Listed by
On Point Realty, Inc. · Sold by Southern Classic Realtors
Source: FMLS · #7550680
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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.
