Sold Price cut: $50,000 (5/13)
$400,000
4 beds · 3 baths · 1,848 sqft
1940 Commonwealth Court, Cumming, GA 30041
Good deal
Priced about $23,451 (6%) below comparable homes. Estimated market value $423,451, based on 10 comparable homes nearby.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
Beautifully maintained and full of character, this home sits on just shy of an acre in one of Cumming’s most charming, non-HOA neighborhoods. It feels like stepping into a time capsule of the late 80s and early 90s, offering a rare glimpse of what a brand-new home from that era truly looked like, while also presenting an incredible opportunity for future updates.
The layout…
PoolBasementGarageNo HOARenovated
Listing remarks courtesy of Realty One Group Edge · Sold by Keller Williams Realty Northwest, LLC..
· FMLS #7712845404-275-2984
$2,735/mo est.
with $40,000 down · $400,000 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.
Make an offer
Sign in, then back your offer with a verified pre-approval — either a Veribas pre-approval or a lender letter we confirm.
In-person tour
As soon as today with a Veribas agent
Video walkthrough
Live from the home, on your schedule
Home details
4
Beds
3
Baths
1,848
Sqft
1985
Built
0.85 ac
Lot
Veribas Rental Valuation
If you rented it out · from nearby rentals
$2,300/morange $2,150 – $2,4506.9% gross yield
Based on 11 similar rentals within 2 mi (6 recently leased).
4 bd · 3 ba · 1,859 sqft · 1.5 mi away$2,800/mo4 bd · 3 ba · 2,660 sqft · 0.7 mi away · leased$3,200/mo4 bd · 3 ba · 2,315 sqft · 1.3 mi away$2,995/mo4 bd · 3 ba · 2,295 sqft · 1.5 mi away$2,995/mo
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Home facts
Payment calculator
$2,852/mo
Principal & interest$2,335
Property taxes$400
Home insurance$117
Down payment$40,000 (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 salePrice cut
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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
Silver CityElementary
Piney GroveMiddle
DenmarkHigh
Location
47 for sale 9 pending 12 sold
Listed by
Realty One Group Edge · Sold by Keller Williams Realty Northwest, LLC.
Source: FMLS · #7712845
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