Sold
$499,500
3 beds · 1,798 sqft
8885 Bay Drive, Gainesville, GA 30506
Overpriced
Priced about $80,868 (19%) above comparable homes. Estimated market value $418,632, based on 8 comparable homes nearby.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
Lake Lanier home with lake views on deep water cove. Larger than it appears, home features 3 large BRs, 2 Bas & det 2-car garage on cul-de-sac of nice homes on Chestatee Bay-just minutes by boat to Port Royal & Pelican Pete's. All rooms on backside overlook the lake as do the deck, screened porch & 12x24+/- rain-proof patio. Gentle, easy walk to newly mulched path to large,…
PoolBasementCul-de-sacNo HOA
Listing remarks courtesy of Berkshire Hathaway HomeServices Georgia Properties · Sold by BEACHAM AND COMPANY REALTORS.
· FMLS #6063639$3,415/mo est.
with $49,950 down · $499,500 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
1,798
Sqft
1972
Built
0.52 ac
Lot
2
Fireplaces
Veribas Rental Valuation
If you rented it out · from nearby rentals
$2,475/morange $2,300 – $2,6505.9% gross yield
Based on 12 similar rentals within 5 mi (6 recently leased).
3 bd · 2 ba · 2,000 sqft · 0.9 mi away$2,250/mo3 bd · 3 ba · 1,740 sqft · 1.9 mi away$1,995/mo3 bd · 2 ba · 1,248 sqft · 1.5 mi away · leased$1,800/mo3 bd · 3 ba · 1,653 sqft · 2.2 mi away$2,300/mo
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Home facts
Payment calculator
$3,562/mo
Principal & interest$2,916
Property taxes$500
Home insurance$146
Down payment$49,950 (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
ChestateeElementary
Little MillMiddle
North ForsythHigh
Location
31 for sale 3 pending 12 sold
Listed by
Berkshire Hathaway HomeServices Georgia Properties · Sold by BEACHAM AND COMPANY REALTORS
Source: FMLS · #6063639
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