Sold
$1,750,000
5 beds · 5 baths · 5,132 sqft
5618 Burke Lane, Gainesville, GA 30506
Overpriced
Priced about $539,623 (45%) above comparable homes. Estimated market value $1,210,377, based on 5 comparable homes nearby.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
Situated behind gates amongst century-old oaks, this exceptional Lake Lanier estate offers one of the rarest combinations on the lake — a flat grassy walk to a private dock with a rare U.S. Army Corps mowing permit, no HOA/restrictions, expansive outdoor living spaces, and extraordinary 11-car garage capacity. Located in a quiet section of the lake in sought-after North Hall,…
BasementGarageNo HOARenovated
Listing remarks courtesy of The Norton Agency · Sold by Candler Real Estate Group, LLC.
· FMLS #7775899770-532-0022
$11,965/mo est.
with $175,000 down · $1,750,000 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
5
Beds
5
Baths
5,132
Sqft
1998
Built
0.7 ac
Lot
Veribas Rental Valuation
If you rented it out · from nearby rentals
$4,975/morange $4,625 – $5,3253.4% gross yield
Based on 10 similar rentals within 5 mi (3 recently leased).
4 bd · 5 ba · 2,879 sqft · 0.3 mi away$2,750/mo4 bd · 5 ba · 5,990 sqft · 1 mi away$2,990/mo5 bd · 4 ba · 2,924 sqft · 1.4 mi away$2,950/mo5 bd · 5 ba · 3,389 sqft · 3.4 mi away · leased$3,600/mo
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Home facts
Payment calculator
$12,475/mo
Principal & interest$10,215
Property taxes$1,750
Home insurance$510
Down payment$175,000 (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
Estimated valueListed for salePending
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Schools
LanierElementary
ChestateeMiddle
ChestateeHigh
Location
49 for sale 8 pending 12 sold
Listed by
The Norton Agency · Sold by Candler Real Estate Group, LLC
Source: FMLS · #7775899
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