Sold
$550,000
3 beds · 1,976 sqft
5685 Mercedes Drive, Cumming, GA 30041
Overpriced
Priced about $97,219 (21%) above comparable homes. Estimated market value $452,781, based on 12 comparable homes nearby.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
New construction home on South Lake Lanier w/ Double Slip Dock & Deep Water! House design has incredible finishes including Master on Main, two spacious bedrooms upstairs each w/ own bathroom, Large bonus room, 6.5 inch handscraped hardwoods, quartz countertops, covered deck, exposed beams, stackstone fireplace, and much more. Unfinished basement w/ 9 foot ceilings provides for future expansion.
Master on mainPoolBasementGarage
Listing remarks courtesy of PalmerHouse Properties · Sold by SOLID SOURCE REALTY INC..
Home details
3
Beds
1,976
Sqft
2018
Built
2-car
Garage
1
Fireplaces
Veribas Rental Valuation
If you rented it out · from nearby rentals
$2,350/morange $2,175 – $2,5255.1% gross yield
Based on 12 similar rentals within 2 mi (6 recently leased).
Home facts
Payment calculator
$4,097/mo
Principal & interest$3,387
Property taxes$550
Home insurance$160
Down payment$55,000 (10%)
Interest rate7.280%
Starts at today’s national average for a 30-year fixed, 7.28% (week of Oct 1). Not an APR or a loan offer. 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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Schools
CummingElementary
OtwellMiddle
Forsyth CentralHigh
Location
66 for sale 14 pending 12 sold
Listed by
PalmerHouse Properties · Sold by SOLID SOURCE REALTY INC.
Source: FMLS · #6019502
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