tomo logo

$483,000

Beds
5
Baths
3.0
sq ft
2,500

1955 E Lake Dr, Marietta, GA 30066

1955 E Lake Dr

Marietta, GA 30066

  • 32 days on market
    • Price drop $27,000↓
Fully Renovated Home with Exceptional Cash Flow Potential Step into a rare investment opportunity with this impeccably renovated home, designed to deliver both luxurious living and significant rental income. Nestled in a thriving neighborhood, this property offers dual living areas, making it the perfect choice for savvy investors or homeowners seeking additional cash flow. **Key Features and Investment Highlights:** - **Dual Living Spaces:** This home features separate entrances and two fully equipped kitchens, offering endless flexibility. Perfect for multi-generational living or maximizing rental income—live in one unit and rent out the other to offset mortgage costs. - **Outstanding Cash Flow Potential:** With its versatile layout, this property is primed for multiple income streams. Consider long-term rentals, or capitalize on its prime location with short-term rental options to boost your returns. - **Spacious Layout:** Boasting **five generously sized bedrooms** and **three modern bathrooms,** this home ensures tenant comfort and optimal occupancy, driving rental demand. - **Brand-New Kitchens & Upgraded HVAC:** Two beautifully designed kitchens with new appliances and an efficient HVAC system enhance the property’s value and appeal, attracting quality tenants who appreciate contemporary amenities. - **Prime Location:** Situated in a desirable area with access to top-rated schools, scenic parks, and vibrant local amenities, this property is poised to attract a wide range of renters. Whether you’re an investor seeking a high-performing asset or a homeowner aiming to blend living and income potential, this property offers unmatched versatility and value. Don’t miss the chance to own this dual-purpose gem—schedule a showing today and unlock its full investment potential!

Details

Property type

Single Family Residence

Est. home value

$282,630

Property condition

Updated/Remodeled

Lot size

0.60 acres

Price per sq ft

$194

Year built

1962

Annual property taxes

$564

HOA

No

Price History

02/01/2025
FMLS

FMLS #7503887

Price change
$483,000
-5.29%
01/11/2025
FMLS

FMLS #7503887

Listed
$510,000
-0.97%
01/01/2025
FMLS

FMLS #7470850

Removed
$515,000

Schools & Community

Elementary school: 

Kincaid

Middle school: 

Daniell

High school: 

Sprayberry

Community features: 

None

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$377,252
Asking price
$483,000
Closing costs (~8% of asking)
-$38,640
Est. remaining loan balance
-$67,108
Cash to seller
$377,252

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Community Mortgage

Loan start date

January 2014

Original loan amount

$87,400

Est. remaining balance

$67,108

Interest rate

4.22%

Loan type

New Conventional, 30 year

Seller

Betty B Rogers

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Price drop
FMLS
$499,899
5 bd
|
3.5 ba
|
House

3936 Devonshire Dr, Marietta, GA 30066

FMLS
$545,000
5 bd
|
3.5 ba
|
House

2269 Chimney Swift Cir, Marietta, GA 30062

New
FMLS
$534,000
5 bd
|
3.5 ba
|
3,864 sq ft
|
House

2339 Milstead Cir NE, Marietta, GA 30066

Status: Active

Tomo last checked: 02/05/2025 at 7:55 AM

Listing updated: 01/31/2025 at 7:35 PM

Listed by: Ginna Delapena, Virtual Properties Realty.com Phone #: (770) 495-5050

MLS: FMLS #7503887

FMLS logo

Recently listed in Marietta

$1,090,000|4 bd|1.5 ba|House
$865,000|4 bd|4.0 ba|House
$2,990,000|7 bd|7.5 ba|House
$575,000|3 bd|2.0 ba|Condo
$350,000|2 bd|1.0 ba|House
$384,900|4 bd|2.0 ba|House