Sold Price cut: $30,000 (7/27)
$239,900
2 beds · 726 sqft
4030 Merritt Drive, Cumming, GA 30041
Overpriced
Priced about $44,982 (23%) above comparable homes. Estimated market value $194,918, based on 34 comparable homes in the metro.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
Escape to Lake Lanier for some outdoor fun. Located 40 mins from downtown Atlanta. Adorable 2 bedroom, 1 bathroom Cottage, ideal for a rejuvenating getaway. Spacious living area, large screened in patio with great views of lush surrounding scenery. Nice sized kitchen, fully equipped with all the necessary modern appliances. Short walkway to private covered dock, open enough…
PoolBasementNo HOA
Listing remarks courtesy of KELLER WILLIAMS RLTY, FIRST ATLANTA · Sold by RE/MAX PRESTIGE.
· FMLS #5521045$1,640/mo est.
with $23,990 down · $239,900 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
2
Beds
726
Sqft
1960
Built
1
Fireplaces
None
HOA
Veribas Rental Valuation
If you rented it out · from nearby rentals
$1,175/morange $1,100 – $1,2505.9% gross yield
Based on 6 similar rentals within 2 mi (4 recently leased).
Home facts
Payment calculator
$1,710/mo
Principal & interest$1,400
Property taxes$240
Home insurance$70
Down payment$23,990 (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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Schools
Chattahoochee - ForsythElementary
OtwellMiddle
Forsyth - OtherHigh
Location
46 for sale 12 pending 12 sold
Listed by
KELLER WILLIAMS RLTY, FIRST ATLANTA · Sold by RE/MAX PRESTIGE
Source: FMLS · #5521045
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