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5540 Mercedes Drive, Cumming, GA 30041
$365,000 Asking Price
$---/mo Est. Payment Get Prequalified »
4
beds
2
baths
1,840
sqft
Built in
1970
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.
Features & Amenities
Interior
- General:
- Other
- Rooms:
- Family Room
- Appliances:
- Electric Range, Electric Water Heater, Refrigerator
- Laundry:
- Common Area
- Basement:
- None
- Flooring:
- Ceramic Tile, Hardwood, Vinyl
- A/C:
- Window Unit(s)
- Heating:
- Propane
- Fireplace:
- Fireplaces: 0
- Disability Feature:
- None
- Eco/Green Feature:
- None, None
Exterior
- General:
- Balcony, Shed(s)
- Style:
- A-Frame
- Pool:
- None
- Parking:
- Carport, Kitchen Level
Construction
- Roofing:
- Tar/Gravel
- Windows:
- None
- General:
- Vinyl Siding, Two
Location
- Road/Access:
- County Road
- Originating MLS:
- First Multiple Listing Service
- County:
- Forsyth - GA
Lot
- Zoning:
- 14-1 87 LOT 82-84 HT SS COMB 221-314----1993 036E4T084, 221 313
- View:
- Other
- Fencing:
- Chain Link
Utilities
- Utilities:
- Electricity Available, Sewer Available, Water Available, 110 Volts
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- First Multiple Listing Service
This listing courtesy of:
Mark Spain Real Estate, Mark Spain
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Cumming, GA
Housing
- Number of Units
- 68,926
- Median Home Value
- $357,746
- Median Rent
- $1,227
15.38% of housing units are renter occupied.
3.89% are vacant.
Commute
- Car
-
51.40%
- Public Transportation
-
0.29%
- Walk to Work
-
0.23%
- Work from Home
-
47.50%
- Other
-
0.43%
The median travel time to work is 18 minutes.
People
- Population
- 191,306
- Median Age
- 38.10
- Median Household Size
- 3.24
Education
- High School
-
14.64%
- Associate’s Degree
-
7.15%
- Bachelor’s Degree
-
36.04%
- Graduate Degree
-
18.35%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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