new - 1 day on rocket

5540 Mercedes Dr, Cumming, GA, 30041

$325,000

Home List Price

$3,859*

Closing Credit

4 Bedrooms
2 Full Baths
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

5540 Mercedes Dr, Cumming$325,000

Buyer Closing Credits

$3,859*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingCarport, Parking Pad, RV/Boat Parking
Year Built1970
HeatingHeat Pump
CoolingCeiling Fan(s)
MLS #10417005
Lot Size0.33 Acres
StatusActive
(Back On Market)

About 5540 Mercedes Dr

Investor's loss is your gain! This home is waiting for someone to come in and finish it off. Home has been partially renovated with 2 bedrooms and 1 bath up and another 2 bedrooms, 1 bath down. Prior owner closed off the staircase that led to the downstairs so you have 2 separate living spaces or open it back up and add the stairs back in. Home sits on a large .33ac +/- lot with a fenced in area, two large double carports with electrical and lighting, 2 separate driveways and a third carport and driveway perfect to store your boat, camper, work truck and more. Home sits across the street from the private gated lack access and boat launch. There is an optional POA for lake access. This is not a legal duplex, there are no rental restrictions and no HOA. If you're an investor - lender will fund the rehab.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1970

Listing Office:

  • Office Name: eXp Realty
  • Listing Agent: Lorraine Beato

Interior Features

Interior Information:

  • Appliances: Electric Water Heater
  • Basement: No
  • Flooring Type: Tile
  • Interior: Other, Split Bedroom Plan

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Garden, Other

Parking Information:

  • Attached Garage: No
  • Parking: Carport, Parking Pad, RV/Boat Parking

Lot Features

Lot Information:

  • Lot: Corner Lot, Level
  • Lot Size: 0.33 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Ceiling Fan(s)

Other

Directions Information:

  • Directions: 400 to Exit 16 Pilgrim Mill Rd, Right onto Pilgrim Point Rd, Right onto Mercedes Dr, home on the corner on right. Probably easiest to park around the corner in the second driveway.

Price Information

Listing Price Info

Price Summary:

  • List Price: $325,000

Tax Information:

  • Annual Amount: $205
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Cumming, GA

City

Med. Sold Price

$581.5K

Med. Price/SqFt

$219

Avg. Days On Market

43

# of Sold Homes

239

5540 Mercedes Dr vs Cumming

1 DAY ON ROCKET

-42 Days

$325,000

-$256.5K Less

KEY TAKEAWAY

This property is $256.5K less than the Median Sold Price in Cumming, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Georgia MLS 2
  • MLS Number: #10417005

Listing Office:

  • Office Name: eXp Realty
  • Listing Agent: Lorraine Beato

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: 11/23/2024, 7:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$205$59,584
2018$200$44,920
2017$204$44,112

History based on county public records data.

Payment Calculator

$1,690

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,041

Powered By

Rocket Mortgage

Advertisement

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-838430
6
/10

  • Chattahoochee Elementary School

  • 2800 Holtzclaw Rd

  • 1.49 miles

  • Public District Grades KG-5

school-card-donut-838431
6
/10

  • Cumming Elementary School

  • 540 Dahlonega St

  • 2.33 miles

  • Public District Grades KG-5

school-card-donut-838432
7
/10

  • Mashburn Elementary School

  • 3777 Samples Rd

  • 3.48 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 $60,138. Residents of Cumming, GA typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5540 Mercedes Dr

What is the listing price of this property?

The listing price of 5540 Mercedes Dr property is $325,000.

What type of property is this?

The property 5540 Mercedes Dr is a house located in Cumming, Georgia, 30041.

Is this property for sale now?

Active Listing: 5540 Mercedes 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 $205 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5540 Mercedes Dr has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The sq. ft. of 5540 Mercedes Dr is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 5540 Mercedes Dr is 1970.

Rocket Homes›Georgia›Forsyth County›Cumming›30041›5540 Mercedes Dr

This home is located at 5540 Mercedes Dr in Cumming, GA and zip code 30041. This home, which was built in 1970, sits on a 0.33 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $325,000.

While more than 36 listings in Cumming, GA in October 2024 were sold above asking price, there were more than 51 listings sold at asking price, and more than 143 were sold below. The inventory of homes for sale in Cumming, GA between September 2024 and October 2024 increased by 14.9%. Listings spent 43 days on the market in October 2024, and had a median list price of $581,508 during the same period.

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

More Resources