5540 Mercedes Drive
Cumming, GA 30041
- 4 beds
- 2 baths
- 1,840 sqft
- 14,375 sqft lot
- $198 per sqft
- 1970 build
- – on site
Currently being remodeled. INVESTOR SPECIAL with fabulous LAKE LANIER ACCESS! NO HOA. Great option as primary owner with rental potential for either floor. Very unique opportunity for 2 level home with a total of 4 bedrooms and 2 baths. Originally designed with parking under the main home with stairs up to the 2/1 above. Lower level finished prior to seller's ownership with 3 drives ways poured on corner lot with 2 fixed double car carports and a single fixed carport to allow for tons of parking to property! Sits on one of the larger lots in the neighborhood boasting .33 acres. DIRECTLY ACROSS THE STREET TO THE PRIVATE GATED LAKE ACCESS AND BOAT LAUNCH! Optional POA for lake access. The property has endless opportunities for investment income or as primary residence. Could even add a structure due to lot size! TRULY A MUST SEE at this price! (Tax rolls only reflect the original 4 bed/2 bath but this is (2) 2bed/bath units and square footage is accurate.
Listing courtesy of GAMLS / Mark Spain / Mark Spain Real Estate
Last checked:
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Last updated Sep 17, 2024
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MLS# 10362409 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1970
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Construction Materials:Vinyl Siding
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Architectural Style:A-frame
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Structure Type:House
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Roof:Tar/Gravel
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Levels:Two
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Common Walls:No Common Walls
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Basement:None
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Total Finished Area:1840
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Above Grade Finished:1840
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Living Area Source:Public Records
Interior
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Rooms:Family Room
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Interior Features:Other
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Flooring:Hardwood, Other, Vinyl
Financial & Terms
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Home Warranty:No
Location
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Latitude:34.218048
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Longitude:-84.094467
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Condition:Resale
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Lot Features:Corner Lot, Other
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Lot Size Acres:0.33
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Lot Size Source:Public Records
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Parcel Number:221 313
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Leased Land:No
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Fencing:Chain Link
Listing Agent
- Contact info:
- Agent phone:
- (770) 886-9000
- Office phone:
- (770) 886-9000
Taxes
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Tax Year:2023
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Tax Annual Amount:$109
Beds
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Bedrooms:4
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Bed Main:2
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Upper Level Full Baths:1
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Bed Upper Level:2
Baths
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Full Baths:2
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Main Level Full Baths:1
Heating & Cooling
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Heating:Propane
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Cooling:Window Unit(s)
Utilities
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Utilities:Electricity Available, Sewer Available, Water Available
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Electric Water Heater, Other, Refrigerator
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Laundry Features:Common Area, Other
Schools
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Elementary School:Chattahoochee
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Elementary Bus:Yes
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Middle School:Little Mill
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Middle School Bus:Yes
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High School:Forsyth Central
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High School Bus:Yes
The Community
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Subdivision:None
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Community Features:Lake
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Association:No
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Association Fee Includes:None
Parking
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Parking Features:Carport, Kitchen Level
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Parking Total:8
Monthly cost estimate
Asking price
$365,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,954
|
Taxes | $9 |
Insurance | $100 |
Utilities | $183 See report |
Total | $2,246/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/3/24
Sep 3, 2024
|
Listed / Active | GAMLS | $365,000 | 12.3% |
4/24/24
Apr 24, 2024
|
GAMLS | $325,000 | ||
4/1/24
Apr 1, 2024
|
GAMLS | $325,000 |