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1955 E Lake Dr, Marietta, GA, 30066

$515,000

Home List Price

$6,116*

Closing Credit

5 Bedrooms
3 Full Baths
3,800 SqFt
$136/SqFt
House

Location

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1955 E Lake Dr, Marietta$515,000

Buyer Closing Credits

$6,116*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingBasement, Carport
Year Built1962
HeatingCentral, Electric
CoolingCentral Air
BasementYes
MLS #10403079
Lot Size0.60 Acres
StatusActive

About 1955 E Lake Dr

Investment Opportunity: Fully Renovated Home with Cash Flow Potential Discover a rare investment opportunity with this stunning, fully renovated home that boasts dual living areas, perfect for maximizing rental income while enjoying your own living space. Located in a vibrant neighborhood, this property is not just a residence but a strategic investment that offers significant cash flow potential. Key Investment Highlights: - **Dual Living Areas:** With separate entrances and fully equipped kitchens on both levels, this home is ideal for multi-generational living or can be easily converted into a dual rental setup. Live in one unit while renting out the other to help offset your mortgage costs. - **Cash Flow Potential:** The flexible layout allows for multiple income-generating options. Rent out the downstairs living area to long-term tenants or consider short-term rentals for additional cash flow, especially given the propertyCOs desirable location. - **Five Bedrooms:** The spacious layout, featuring five well-appointed bedrooms, provides ample room for tenants, making it easy to maximize occupancy and rental income. - **Three Modern Bathrooms:** With three stylish bathrooms, tenant comfort is prioritized, ensuring high demand for rentals in this property. - **New Kitchens and HVAC:** The two brand-new kitchens and efficient HVAC system add significant value, attracting quality tenants who appreciate modern amenities and comfort. - **Location Advantage:** Situated in a sought-after neighborhood with access to schools, parks, and local amenities, this property is poised to attract a wide range of renters, enhancing its investment potential. This property not only serves as a beautiful home but also a smart financial decision. Whether youCOre looking to generate passive income or accommodate extended family, this fully renovated home offers the best of both worlds. Schedule a showing today and explore the incredible investment potential that awaits!

Property Details

Property Features

Property Information:

  • Architectural Style: Brick 4 Side, Ranch
  • Year Built: 1962
  • Living Area: 3,800 SqFt

Listing Office:

  • Office Name: Virtual Properties Realty.com
  • Listing Agent: Mayra Montes-Cruz

Interior Features

Interior Information:

  • Appliances: Oven/Range
  • Basement: Yes
  • Flooring Type: Carpet
  • Interior: Other, Split Bedroom Plan

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Parking: Basement, Carport

Lot Features

Lot Information:

  • Lot: Sloped
  • Lot Size: 0.60 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: GPS FRIENDLY

Price Information

Listing Price Info

Price Summary:

  • List Price: $515,000
  • Price Per SqFt: $136/SqFt

Tax Information:

  • Annual Amount: $452
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Marietta, GA.

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Marietta, GA

City

Med. Sold Price

$474.1K

Med. Price/SqFt

$208

Avg. Days On Market

39

# of Sold Homes

303

1955 E Lake Dr vs Marietta

33 DAYS ON ROCKET

-6 Days

$515,000

+$40.8K More

$136/SqFt

-$73 Less

KEY TAKEAWAY

This property is $40.8K more than the Median Sold Price and $73/SqFt less than other homes in Marietta, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Georgia MLS 2
  • MLS Number: #10403079

Listing Office:

  • Office Name: Virtual Properties Realty.com
  • Listing Agent: Mayra Montes-Cruz

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker 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 this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/29/2024, 8:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 15, 2014Home Sold
$92,000

Tax History

YEARPROP. TAXASSESSMENT
2020$452$64,788
2018$392$55,472
2017$340$51,792

History based on county public records data.

Payment Calculator

$2,638

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,610

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2478574
7
/10

  • Kincaid Elementary School

  • 1410 Kincaid Rd

  • 0.53 miles

  • Public District Grades KG-5

school-card-donut-2478575
5
/10

  • Sawyer Road Elementary School

  • 840 Sawyer Rd

  • 0.99 miles

  • Public District Grades KG-5

school-card-donut-2478576
4
/10

  • Lockheed Elementary School

  • 1205 Merritt Rd

  • 1.84 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $75,144. Typical income of Marietta, GA residents is between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Marietta, GA

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Marietta, GA?

The housing landscape in Marietta is diverse, offering a mix of single-family homes, apartments, and townhouses to accommodate a range of preferences and needs. Architectural styles vary, with a prevalence of traditional and colonial homes that reflect the area's rich history, alongside modern constructions that cater to contemporary tastes. The majority of homes were built during a development boom in the late 20th century, with a homeownership rate that is reflective of a community invested in long-term residency.

Is Marietta, GA a good place to live?

Marietta prides itself on a vibrant community spirit, with a historic town square that serves as the heart of cultural activities and events. The area is celebrated for its annual festivals, including the Taste of Marietta and the Art Walk, which showcase local cuisine and artistry. The community's character is further defined by its well-preserved historical sites and the active engagement of its residents in local affairs and initiatives.

Are things conveniently located in Marietta, GA?

Residents of Marietta benefit from a robust selection of services, including a network of public and private schools that cater to educational needs at all levels. The area is served by numerous healthcare facilities, offering a range of medical services to ensure community well-being. Public libraries are available for educational and recreational purposes, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern hospitality and cuisine.

What does the transportation in Marietta, GA look like?

Marietta's transport infrastructure supports both private and public transit options, with a focus on connectivity and accessibility. The area features a network of roads and highways that facilitate commuting to Atlanta and other nearby cities. Public transportation services are available, providing residents with alternatives to private vehicle use. The community also places an emphasis on walkability, particularly in the downtown area, and has made efforts to improve bikeability through the development of bike lanes and trails.

Frequently Asked Questions About 1955 E Lake Dr

What is the listing price of this property?

The listing price of 1955 E Lake Dr property is $515,000.

What type of property is this?

The property 1955 E Lake Dr is a house located in Marietta, Georgia, 30066.

Is this property for sale now?

Active Listing: 1955 E Lake Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $452 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 15, 2014 for $92,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1955 E Lake Dr has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 1955 E Lake Dr is 3,800 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1955 E Lake Dr is 1962.

Rocket Homes›Georgia›Cobb County›Marietta›30066›1955 E Lake Dr

This home is located at 1955 E Lake Dr in Marietta, GA and zip code 30066. This 3,800 square foot home, which was built in 1962, sits on a 0.60 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 27, 2024 and is currently priced at $515,000.

In October 2024, from all listings sold in Marietta, GA there were more than 48 sold above asking price, over 164 sold below and more than 78 were sold right at the asked price. In October 2024 in Marietta, GA there were 9.8% more homes for sale than in September 2024. In October 2024 median list price was $474,184 and the average listing age was 39 days.

From Rocket Homes Real Estate and based on county public records data.

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