Sold
$275,000
3 beds · 1 baths · 1,224 sqft
5 Lake Place, Gainesville, GA 30504
Good deal
Priced about $11,747 (4%) below comparable homes. Estimated market value $286,747, based on 3 comparable homes nearby.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
Turn Key Investment Property. Tenant lease expires 8/31/2026. Managed by Resource Property Mgmt. Tenant current rate is 1700/mo OR $20,400 per year. Please Do Not Disturb The Tenant. Agent/Owner. No sellers disclosure provided.
PoolBasementNo HOA
Listing remarks courtesy of Keller Williams Realty Atlanta Partners · Sold by Fathom Realty GA, LLC.
· FMLS #7780596678-207-1542
$1,880/mo est.
with $27,500 down · $275,000 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
1
Baths
1,224
Sqft
1965
Built
0.24 ac
Lot
Veribas Rental Valuation
If you rented it out · from nearby rentals
$1,650/morange $1,525 – $1,7757.2% gross yield
Based on 8 similar rentals within 2 mi (4 recently leased).
Home facts
Payment calculator
$1,960/mo
Principal & interest$1,605
Property taxes$275
Home insurance$80
Down payment$27,500 (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
EverwoodElementary
West HallMiddle
West HallHigh
Location
48 for sale 12 pending 12 sold
Listed by
Keller Williams Realty Atlanta Partners · Sold by Fathom Realty GA, LLC
Source: FMLS · #7780596
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