Sold Price cut: $20,000 (7/16)
$114,900
3 beds · 1,388 sqft
640 Lake Drive, Snellville, GA 30039
Great deal
Priced about $203,418 (64%) below comparable homes. Estimated market value $318,318, based on 30 comparable homes in the county.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
Fantastic opportunity for the savvy buyer! Beautiful lakefront home with dock and access to the 96 acre Norris Lake. Previous occupant began renovations and did not complete them. Take advantage of special renovation financing to complete as you wish. Upstairs bedroom partitioned into two rooms giving you three total bedrooms and two full baths. Lovely, open great room with…
PoolBasementRenovatedWaterfront
Listing remarks courtesy of MYERS TEAM REALTY · Sold by NON FMLS MEMBER.
· FMLS #5163623$786/mo est.
with $11,490 down · $114,900 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
3
Beds
1,388
Sqft
1988
Built
1
Fireplaces
$375/annual
HOA
Veribas Rental Valuation
If you rented it out · from nearby rentals
$2,050/morange $1,900 – $2,20021.4% gross yield
Based on 4 similar rentals within 2 mi (2 recently leased).
3 bd · 2 ba · 1,981 sqft · 1.4 mi away · leased$2,050/mo4 bd · 3 ba · 1.2 mi away$2,650/mo4 bd · 3 ba · 1.5 mi away · leased$2,400/mo4 bd · 3 ba · 1.8 mi away$2,950/mo
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Home facts
Payment calculator
$851/mo
Principal & interest$671
Property taxes$115
Home insurance$34
HOA$31
Down payment$11,490 (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
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No junk fees — the numbers you agree to are the numbers you sign.
Schools
Anderson-LivseyElementary
ShilohMiddle
ShilohHigh
Location
50 for sale 4 pending 12 sold
Listed by
MYERS TEAM REALTY · Sold by NON FMLS MEMBER
Source: FMLS · #5163623
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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.
