Sold
$199,500
2 beds
8780 Bay Drive, Gainesville, GA 30506
About this home
Good building lot with good water. Older home on property. Good for weekend stay or remodel and use for many more years. All value in lake lot with dock in good water. Please do not disturb tenant.
PoolBasementNo HOARenovated
Listing remarks courtesy of ATLANTA FINE HOMES SOTHEBYS INTL · Sold by ATLANTA COMMUNITIES.
· FMLS #5278670$1,364/mo est.
with $19,950 down · $199,500 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
2
Beds
1965
Built
1
Fireplaces
None
HOA
$2,326/yr
Est. taxes
Veribas Rental Valuation
If you rented it out · from nearby rentals
$1,875/morange $1,750 – $2,00011.3% gross yield
Based on 6 similar rentals within 2 mi (2 recently leased).
3 bd · 2 ba · 2,000 sqft · 1 mi away$2,250/mo3 bd · 2 ba · 1,248 sqft · 1.4 mi away · leased$1,800/mo2 bd · 2 ba · 980 sqft · 2 mi away$1,500/mo3 bd · 2 ba · 1,118 sqft · 1.6 mi away$1,700/mo
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Home facts
Payment calculator
$1,423/mo
Principal & interest$1,165
Property taxes$200
Home insurance$58
Down payment$19,950 (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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Every list price is checked against our valuation model and local comps.
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A Veribas agent walks every showing — questions answered on the spot.
No surprises at closing
No junk fees — the numbers you agree to are the numbers you sign.
Schools
ChestateeElementary
Little MillMiddle
North ForsythHigh
Location
29 for sale 5 pending 12 sold
Listed by
ATLANTA FINE HOMES SOTHEBYS INTL · Sold by ATLANTA COMMUNITIES
Source: FMLS · #5278670
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© 2026 Veribas Real Estate LLC · (833) 837-4227 · Georgia Broker Lic. H-81905 · Qualifying Broker: Ahsan Charania, GREC #417366. Veribas Real Estate LLC is a licensed Georgia real estate brokerage. We are not a lender or mortgage loan originator; all financing is provided by independent NMLS-licensed lenders, and payment figures on this site are estimates only. Listing information is deemed reliable but not guaranteed and should be independently verified. We are committed to the federal Fair Housing Act and the Equal Credit Opportunity Act.
