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5540 Mercedes Drive

Cumming, GA 30041

4 beds
2 baths
1,840 sqft
14,375 sqft lot
$176 per sqft
1970 build
– on site

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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 2bed/bath however, square footage appears accurate). APPOINTMENT REQUIRED as home is Owner occupied and 2hr showing notice required due to age of seller.

Listing courtesy of GAMLS / Julie Scott / BHHS Georgia Properties

Last checked: Checking… • Last updated Apr 24, 2024 •

MLS# 10271563 —

The Building

Year Built:

1970
Construction Materials:

Other
Architectural Style:

A-frame
Structure Type:

House
Roof:

Metal
Levels:

Two
Common Walls:

No Common Walls
Basement:

None
Patio And Porch Features:

Porch
Total Finished Area:

1840
Above Grade Finished:

1840
Living Area Source:

Public Records

Interior

Rooms:

Other
Interior Features:

Bookcases, In-Law Floorplan
Kitchen Features:

Second Kitchen
Dining room Features:

L Shaped
Flooring:

Carpet, Laminate
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)

Financial & Terms

Home Warranty:

No

Location

Latitude:

34.21805
Longitude:

-84.09447

The Property

Property Type:

Residential
Property Subtype:

Single Family Residence
Property Condition:

Fixer
Lot Features:

Corner Lot, Level
Lot Size Acres:

0.33
Lot Size Source:

Public Records
Parcel Number:

221 313
Leased Land:

No
Vegetation:

Grassed
Frontage Type:

Lakefront
Fencing:

Chain Link
Waterfront Footage:

No

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

$235

Beds

Bedrooms:

4
Bed Main:

2
Bath Full Upper Level:

1
Bed Upper Level:

2

Baths

Bathrooms Full:

2
Bath Full Main Level:

1

The Listing

Buyer Agency Compensation:

3%

Heating & Cooling

Heating:

Propane
Cooling:

Window Unit(s)

Utilities

Utilities:

Cable Available, Electricity Available, Propane, Water Available
Sewer:

Septic Tank
Water Source:

Public

Appliances

Appliances:

Electric Water Heater
Laundry Features:

Other

Schools

Elementary School:

Chattahoochee
Elementary Bus:

Yes
Middle School:

Little Mill
Middle School Bus:

Yes
High School:

Forsyth Central
High School Bus:

Yes

The Community

Subdivision:

None
Community Features:

None
Association:

Yes
Annual Association: Fee

$95
Association Fee Includes:

Other

Parking

Parking Features:

Carport, Parking Pad
Parking Total:

6

Extra Units

Other Sturctures:

Shed(s)

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Utility Costs

$183/mo.

Estimate provided by ClearlyEnergy

View a full report

Sale history

Date	Event	Source	Price
4/24/24 Apr 24, 2024	Sold	GAMLS	$325,000
4/1/24 Apr 1, 2024	Sold Subject To Contingencies	GAMLS	$325,000
3/27/24 Mar 27, 2024	Listed / Active	GAMLS	$325,000

House Sold on 4/24/2024

$325,000

Listing provided by broker:

Julie Scott

BHHS Georgia Properties

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Listing Courtesy of: GAMLS and BHHS Georgia Properties.

© 2024 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed. GAMLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

5540 Mercedes Drive

Cumming, GA 30041