Sold
$120,000
2 beds · 896 sqft
5137 Smith Lane, Gainesville, GA 30506
Great deal
Priced about $103,925 (46%) below comparable homes. Estimated market value $223,925, based on 3 comparable homes nearby.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
Cozy Cottage on Lake Lanier! Two large bedrooms, separate bathroom, oversized walk in laundry room & storage area. Huge eat in kitchen open to family room with beautiful wall to wall stone fireplace & captivating views of the lake from the picture window. Private fenced backyard with storage building. New back deck the length of the home, new siding & windows to be installed.…
PoolBasementNo HOA
Listing remarks courtesy of Berkshire Hathaway HomeServices Georgia Properties · Sold by SOUTHERN REALTY OF NORTH GA LLC.
· FMLS #5693079$820/mo est.
with $12,000 down · $120,000 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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Video walkthrough
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Home details
2
Beds
896
Sqft
1971
Built
0.41 ac
Lot
None
HOA
Veribas Rental Valuation
If you rented it out · from nearby rentals
$1,400/morange $1,300 – $1,50014.0% gross yield
Based on 4 similar rentals within 5 mi.
2 bd · 2 ba · 988 sqft · 3.3 mi away$1,390/mo2 bd · 2 ba · 988 sqft · 3.3 mi away$1,390/mo2 bd · 2 ba · 1,056 sqft · 3.9 mi away$1,650/mo3 bd · 2 ba · 1,180 sqft · 4 mi away$2,100/mo
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Home facts
Payment calculator
$855/mo
Principal & interest$700
Property taxes$120
Home insurance$35
Down payment$12,000 (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
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A Veribas agent walks every showing — questions answered on the spot.
No surprises at closing
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Schools
LanierElementary
North HallMiddle
North HallHigh
Location
7 for sale 2 pending 12 sold
Listed by
Berkshire Hathaway HomeServices Georgia Properties · Sold by SOUTHERN REALTY OF NORTH GA LLC
Source: FMLS · #5693079
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