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8505 Lake Hollow Dr, Gainesville, GA, 30506

$1,459,999

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths, 1 Partial
3,500 SqFt
$417/SqFt
House

Location

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8505 Lake Hollow Dr, Gainesville$1,459,999

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Driveway, Garage, Garage Faces Front
Attached Garage2 spaces
Year Built2014
HeatingCentral
CoolingCeiling Fan(s)
BasementYes
WaterfrontLake Front
FireplaceNone
ViewLake
MLS #7464637
Lot Size0.26 Acres
StatusActive

About 8505 Lake Hollow Dr

Imagine a charming lake house nestled among lush trees, offering serene views of the water. The exterior features a blend of natural wood and stone, with large windows that invite plenty of natural light. The front porch spans the entire width of the house, creating an inviting entryway that enhances the home’s charm. Inside, the open-concept living area boasts high ceilings and an open concept, perfect for gatherings. The kitchen is beautiful and equipped with stainless steel appliances, an island for casual dining, and ample counter space for cooking. The house includes three spacious bedrooms, each with its own unique decor, closets, providing comfort and privacy. The master suite features luxurious touches, including a covered porch overlooking the lake that connects to the main living room. The half bath is located upstairs in the loft that is currently used as a 4th bedroom but has potential to be used in different ways to suit your needs. The way the home is currently set up, it sleeps 16 people. The basement is a spacious and inviting area, designed for both comfort and entertainment. To one side, there’s a well-appointed kitchenette including a refrigerator and dishwasher. This kitchen area is perfect for entertaining with an open concept to the basement living room. Adjacent to the kitchenette is a versatile room that can easily be transformed into a bedroom. It offers enough space for a bed and includes a closet for storage with a full bathroom attached. The room is currently used as a 5th bedroom but could also be used for a teenager’s space, or a private office. The garage is currently used as another entertainment space with a pool table and ping pong table. Step outside the basement to enjoy a patio that leads down to a two story private dock, that has a slip for a boat with a party deck up top. The dock is a newer dock with treks built by Martin docks and is 32ft x 32ft. There is also a fire pit in the backyard that is perfect for entertaining. The walk to the lake is very easy with a very gentle slope. Buyer to verify all information - waterfront footage and square footage. Agent is the homeowner. ***All furniture and decor is negotiable.

Property Details

Property Features

Property Information:

  • Architectural Style: Cabin
  • Year Built: 2014
  • Living Area: 3,500 SqFt

Listing Office:

  • Office Name: Virtual Properties Realty. Biz
  • Office Phone: (770) 495-5050
  • Listing Agent: Paige Pace

Interior Features

Interior Information:

  • Appliances: Dishwasher, Double Oven, Dryer, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Microwave, Range Hood, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Hardwood
  • Interior: Beamed Ceilings, Double Vanity, Entrance Foyer 2 Story
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Lake Front
  • View: Lake
  • Exterior: Balcony

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached, Driveway, Garage, Garage Faces Front

Lot Features

Lot Information:

  • Lot: Back Yard, Landscaped
  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Ceiling Fan(s)

Other

Directions Information:

  • Directions: Use GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,459,999
  • Price Per SqFt: $417/SqFt

Tax Information:

  • Annual Amount: $5,993
  • Tax Year: 2020
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Housing Market Comparison

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

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Gainesville, GA

City

Med. Sold Price

$399.9K

Med. Price/SqFt

$201

Avg. Days On Market

54

# of Sold Homes

139

8505 Lake Hollow Dr vs Gainesville

52 DAYS ON ROCKET

-2 Days

$1,459,999

+$1.0M More

$417/SqFt

+$216 More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $216/SqFt more than other homes in Gainesville, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: First Multiple Listing Service
  • MLS Number: #7464637

Listing Office:

  • Office Name: Virtual Properties Realty. Biz
  • Office Phone: (770) 495-5050
  • Listing Agent: Paige Pace

IDX Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.

If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2024 First Multiple Listing Service, Inc.
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, 10:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 11, 2015Home Sold
$535,600
Apr 22, 2014Home Sold
$180,000
May 02, 2005Home Sold
$240,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,993$210,804
2018$5,542$200,440
2017$5,473$197,208

History based on county public records data.

Payment Calculator

$7,354

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,444

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-865721
5
/10

  • Chestatee Elementary School

  • 6945 Keith Bridge Rd

  • 4.16 miles

  • Public District Grades KG-5

school-card-donut-865722
6
/10

  • Chattahoochee Elementary School

  • 2800 Holtzclaw Rd

  • 4.59 miles

  • Public District Grades KG-5

school-card-donut-865723
4
/10

  • Flowery Branch Elementary School

  • 5544 Radford Rd

  • 5.12 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $84,295. Residents of Gainesville, GA typically earn between $35k-100k each year. The majority of families are married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Gainesville, 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 are the common housing types in Gainesville, GA?

Gainesville's housing market is diverse, offering a range of options from charming single-family homes to modern apartments and spacious townhouses. The architectural styles vary, with a mix of contemporary, colonial, and ranch-style homes. A significant portion of the housing stock was built during the late 20th century, reflecting a period of growth and development. The homeownership rate in Gainesville is robust, with a majority of residents owning their homes, while a smaller yet substantial segment of the population opts for renting.

What are the advantages of living in Gainesville, GA?

Gainesville is celebrated for its vibrant community spirit and picturesque surroundings. The city prides itself on its lush parks, recreational areas, and the nearby Lake Lanier, which offers a plethora of outdoor activities. The community comes together to celebrate various local events and festivals throughout the year, which showcase the city's rich cultural heritage and foster a strong sense of belonging among residents.

Are essential services in Gainesville, GA convenient?

The city of Gainesville is served by a comprehensive educational system, including a number of public and private schools that cater to various educational needs. Healthcare services are readily available, with several hospitals and clinics providing a range of medical care, from emergency services to specialized treatments. The public library system is well-established, offering resources and programs for all ages. Retail and dining options are plentiful, reflecting the local culture with a mix of national chains and unique local establishments.

How do Gainesville, GA residents get around?

Transportation in Gainesville includes a variety of options for residents. The city's road network provides easy access to major highways, facilitating travel and commuting. Public transportation services are available, connecting different parts of the city and important locations. The community also features areas with higher walkability, particularly in the downtown district, and there are initiatives to improve bike paths and pedestrian routes. While specific ride-sharing services are operational in the city, their availability may vary depending on the time and area.

Frequently Asked Questions About 8505 Lake Hollow Dr

What is the listing price of this property?

The listing price of 8505 Lake Hollow Dr property is $1,459,999.

What type of property is this?

The property 8505 Lake Hollow Dr is a house located in Gainesville, Georgia, 30506.

Is this property for sale now?

Active Listing: 8505 Lake Hollow 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 $5,993 (source: MLS/based on county public records data).

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

The last sale was on February 11, 2015 for $535,600. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 8505 Lake Hollow Dr has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 8505 Lake Hollow Dr is 3,500 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8505 Lake Hollow Dr is 2014.

Rocket Homes›Georgia›Hall County›Gainesville›30506›8505 Lake Hollow Dr

This home is located at 8505 Lake Hollow Dr in Gainesville, GA and zip code 30506. This 3,500 square foot home, which was built in 2014, sits on a 0.26 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 01, 2024 and is currently priced at $1,459,999.

Over 17 listings were sold over their listed price in October 2024 in Gainesville, GA. In the same period over 94 listings were sold below the listed price and 23 listings were sold for the listed price. In October 2024 in Gainesville, GA there were 9.9% more homes for sale than in September 2024. In October 2024, listings were on the market for 54 days. During the same period, the median list price in this real estate market was $399,952.

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

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