Sold Price cut: $20,900 (8/24)
$369,000
3 beds · 2 baths · 1,355 sqft
1940 Lakewood Road, Cumming, GA 30041
Overpriced
Priced about $50,818 (16%) above comparable homes. Estimated market value $318,182, based on 5 comparable homes nearby.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
Welcome to this charming 3 bedroom 2 bath ranch nestled in an established neighborhood just minutes from Ga 400, shopping, dining and Lake Lanier. Offering an inviting open-concept layout with a covered screened-in back porch featuring a stain grade ceiling and plenty of privacy. Courtyard covered front porch, spacious laundry room and an oversized one car garage for extra storage.
GarageNo HOA
Listing remarks courtesy of Landmark Realty Associates, Inc. · Sold by Peachtree Town & Country.
· FMLS #7801814770-886-9499
$2,523/mo est.
with $36,900 down · $369,000 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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Home details
3
Beds
2
Baths
1,355
Sqft
1988
Built
0.64 ac
Lot
Veribas Rental Valuation
If you rented it out · from nearby rentals
$2,200/morange $2,050 – $2,3507.2% gross yield
Based on 5 similar rentals within a mile.
2 bd · 2 ba · 1,489 sqft · 0.8 mi away$3,500/mo1 bd · 1 ba · 990 sqft · 0.1 mi away$900/mo4 bd · 2 ba · 1,593 sqft · 0.9 mi away$2,600/mo2 bd · 2 ba · 0.8 mi away$2,850/mo
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Home facts
Payment calculator
$2,631/mo
Principal & interest$2,154
Property taxes$369
Home insurance$108
Down payment$36,900 (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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Schools
MashburnElementary
Lakeside - ForsythMiddle
Forsyth CentralHigh
Location
65 for sale 15 pending 12 sold
Listed by
Landmark Realty Associates, Inc. · Sold by Peachtree Town & Country
Source: FMLS · #7801814
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