Sold
$625,000
3 beds · 4 baths · 2,412 sqft
4979 Letha, Gainesville, GA 30506
Overpriced
Priced about $194,151 (45%) above comparable homes. Estimated market value $430,849, based on 10 comparable homes nearby.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
Wake up to lake views and unwind in total privacy at 4979 Letha Drive, a classic two-story lakefront home on Lake Lanier in Gainesville. Offering over 2,400 square feet, this 3-bedroom, 4-bath residence is tucked away on a quiet dead-end street with RV parking and a peaceful, retreat-like setting. Each bedroom opens directly onto the upper-level balcony, creating seamless…
PoolBasementGarageNo HOAWaterfront
Listing remarks courtesy of Elated Real Estate Corporation · Sold by Elated Real Estate Corporation.
· FMLS #7696918404-996-0874
$4,273/mo est.
with $62,500 down · $625,000 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.
In-person tour
As soon as today with a Veribas agent
Video walkthrough
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Home details
3
Beds
4
Baths
2,412
Sqft
1984
Built
0.81 ac
Lot
Veribas Rental Valuation
If you rented it out · from nearby rentals
$2,600/morange $2,425 – $2,7755.0% gross yield
Based on 8 similar rentals within 5 mi (6 recently leased).
Home facts
Payment calculator
$4,455/mo
Principal & interest$3,648
Property taxes$625
Home insurance$182
Down payment$62,500 (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
Estimated valueListed for salePending
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Schools
Mount VernonElementary
North HallMiddle
North HallHigh
Location
9 for sale 3 pending 12 sold
Listed by
Elated Real Estate Corporation · Sold by Elated Real Estate Corporation
Source: FMLS · #7696918
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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.
