5540 Mercedes Drive

Cumming, GA 30041

$325,000
Last Sold Price
4
Beds
2
Baths
1,840 Sq. Ft.
$177 / Sq. Ft.
1,840
Sq. Ft.
$177
per Sq. Ft.

Description

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...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 2bed/bath however, square footage appears accurate). APPOINTMENT REQUIRED as home is Owner occupied and 2hr showing notice required due to age of seller.
  1. Listed by Julie Scott • Berkshire Hathaway HomeServices Georgia Properties

Property Details for 5540 Mercedes Drive

Subdivision Complex
None
Architectural Style
A-Frame
Exterior
Rain Gutters, Private Entrance
Num Of Parking Spaces
6
Parking Features
Carport, Driveway, Level Driveway, Parking Pad
Property Attached
No
Waterfront Features
Lake Front, Lake

Location

Listing Courtesy of Berkshire Hathaway HomeServices Georgia Properties, Julie Scott

Sold By Watkins Real Estate Associates, Dawn Crosby

Add your commute
LISTING UPDATED: 04/27/2024 01:51 AM

Property Details for 5540 Mercedes Drive

StatusClosed
MLS #7358179
Days on Market2
Taxes$235 / year
HOA Fees$95 / year
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1970
Lot Size0.33 AC / 14,374 SF
CountyForsyth County

Location

Listing Courtesy of Berkshire Hathaway HomeServices Georgia Properties, Julie Scott

Sold By Watkins Real Estate Associates, Dawn Crosby

Add your commute

Building Information for 5540 Mercedes Drive

Stories2Year Built1970Building Size-Lot Size0.33 AC / 14,374 SF

Payment Calculator

$1,801 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,774

Property Taxes

$20

HOA Dues

$8

The Payment Calculator is for illustrative purposes only.

Property Information for 5540 Mercedes Drive

Summary
Location and General Information
  • Community Features: None
  • Directions: GPS Friendly
  • Lake Name: Lanier
  • View: Trees/Woods
  • Coordinates: -84.094628, 34.218042
Taxes and HOA Information
  • Parcel Number: 221 313
  • Tax Year: 2023
  • Master Association Fee: $.00
  • HOA Rent Restrictions: No
  • Association: Yes
  • Block: 0
  • Tax Legal Description: 14-1 87 LOT 82-84 HT SS COMB 221-314----1993 036E4T084
  • Tax Lot: 0
School Information
  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Chattahoochee - Forsyth
  • High School: Forsyth Central
  • Middle School: Little Mill
Parking
  • # of Carport Spaces: 3
  • Open Parking: Yes
Agent
Payment and Rate
  • Concessions Amt: $.00
Interior and Exterior Features
Interior Features
  • Cooling: Window Unit(s)
  • Heating: Propane
  • Appliances: Electric Cooktop, Electric Oven, Electric Water Heater
  • Basement: None
  • Fireplace Features: None
  • # of Fireplaces: 0
  • Flooring: Carpet, Laminate
  • Interior Features: Bookcases
  • Levels/Stories: Two
  • Other Equipment: None
  • Window Features: None
  • Bedroom Features: In-Law Floorplan, Other
  • Diningroom Features: Dining L
  • Kitchen Features: Laminate Counters, Second Kitchen, View to Family Room
  • Master Bathroom Features: Shower Only
  • Foundation: None
  • Main Bedrooms: 2
  • Total Half Baths: 0
  • Bathrooms Total Interger: 2
  • Main Full Baths: 1
  • Additional Rooms: Other
  • Bathrooms Total Decimal: 2.00
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Other
  • Dock: Boat Launch, Other
  • Fencing: Chain Link
  • Horse Amenities: None
  • Patio And Porch Features: Covered, Front Porch
  • Pool Features: None
  • Road Surface Type: Gravel
  • Roof Type: Metal, Shingle
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Spa Features: None
  • Laundry Features: Main Level
  • Pool Private: No
  • Road Frontage Type: City Street
  • Other Structures: Shed(s)
Property
Utilities
  • Sewer: Septic Tank
  • Utilities: Cable Available,Electricity Available,Water Available,Other
  • Water Source: Public
  • Electric: None
Property and Assessments
  • Assumable: No
  • FHA Condo Approval: No
  • Home Warranty: No
  • Proposed Financing: Cash, Conventional, VA Loan
  • Plat Book: 0
  • Plat Page: 0
  • Property Condition: Fixer Upper
  • Representative of Property: No
  • Possession: Close Of Escrow
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Section/GMD: 0
  • Above Grade Finished Area: 1840.0
  • Below Grade Finished Area: 0.0
  • SqFt Source: Public Records
  • Square Footage: 1840.0
  • Common Walls: No Common Walls
  • Land lot: 0
  • Lot Features: Corner Lot, Front Yard, Level
  • Acreage Source: Public Records
  • Below Grade Unfinished Area: 0.0
  • Waterfront Footage: 0.0
Multi Family
Multi-Family Information
  • # Of Units In Community: 0
  • Number of Units To Be Built: 0
Income & Expenses Information
  • Swim/Tennis Fee: $0
Rental
Rent Information
  • Terms: Other
  • Land Lease: No
  • Occupant Types: Owner

Public Records for 5540 Mercedes Drive

Taxable ValueLand$19,600Additions$72,596Total$92,196
Tax Record2023$109 ($9 / month)
Home Facts
Beds2Baths2Total Finished SqFt1,840 SqFtAbove Grade Finished SqFt1,840 SqFtStories2Lot Size14,375 SqFtStyleSingle Family ResidenceYear Built1970ZoningR2RCountyFORSYTHAPN221 313Fireplace TypeHas Fireplace

Schools near 5540 Mercedes Drive

This home is within Forsyth County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 10
Public - 6 to 12
Rating
School
Distance
Chattahoochee Elementary School
PublicPK to 5

Little Mill Middle School
Public6 to 8

Alliance Academy for Innovation
Public9 to 10

Forsyth Virtual Academy
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Berkshire Hathaway HomeServices Georgia Properties, Julie Scott

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.