$280,000
SOLD JUN 25, 2025

1955 E Lake Dr Marietta, GA 30066

5 Beds
3 Baths
2,500 Sq Ft
0.6 Acres

Recently Sold

$112 Per Sq Ft

45% Below List Price

151 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • No HOA
  • Central Heating and Cooling System
  • Kincaid Elementary School Rated A
  • Four Sided Brick Exterior Elevation
  • Vinyl Flooring

About This Home

As of June 2025

**Investor Special** 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!

Last Agent to Sell the Property

Ginna De La Pena

Virtual Properties Realty.com License #433187 Listed on: 01/11/2025

Virtual Properties Realty.com

Last Buyer's Agent

Ginna De La Pena

Virtual Properties Realty.com License #433187 Listed on: 01/11/2025

Virtual Properties Realty.com

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $564

Year Built

  • Built in 1962 | Remodeled

Home Design

  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 2-Story Property
  • Vinyl Flooring
  • Dishwasher
  • Finished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main

Parking

  • 4 Parking Spaces
  • Carport

Schools

  • Kincaid Elementary School
  • Daniell Middle School
  • Sprayberry High School

Additional Features

  • 0.6 Acre Lot
  • Central Heating and Cooling System

Community Details

Overview

  • No Home Owners Association
  • Homesite Subdivision

Amenities

  • No Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$564

Year Built

Built in 1962 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • District: X
  • Section: X
  • Year Built: 1962
  • ArchitecturalStyle: Brick 4 Side
  • Financing Type: Conventional
  • Levels: Two
  • Lot Size Acres: .60
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 2500
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher
  • Bedrooms: 5
  • Basement: Finished
  • Below Grade Finished Sq Ft: 1100
  • Total Finished Sq Ft: 1400
  • Above Grade Finished Sq Ft: 1400
  • Interior Amenities: Master On Main Level
  • Full Bathrooms: 3
  • Flooring: Vinyl
  • Price Per Square Foot: 112

Beds/Baths

  • Lower Level Full Bathrooms: 1
  • Main Level Full Bathrooms: 2
  • Bedroom Lower Level: 2
  • Bedroom Main Level: 3

Exterior Features

  • Construction Materials: Brick
  • Lot Features: None
  • Property Condition: Updated/Remodeled
  • Roof: Other

Garage/Parking

  • Parking Features: Carport
  • ParkingTotal: 4

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: None
  • Sewer: Public Sewer
  • Utilities: Electricity Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Kincaid
  • High School: Sprayberry
  • Middle School: Daniell
  • Elementary School: Kincaid
  • Middle School: Daniell
  • High School: Sprayberry

Lot Info

  • Land Lot: X
  • Plat Book: 16207
  • Plat Page: 4758

Tax Info

  • Year: 2024
  • Tax Annual Amount: 564

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2025
Closed on
Jun 25, 2025
Sold by
First All American Construction Llc
Bought by
Reborn Homes Llc
Seller's Agent
Ginna De La Pena
Virtual Properties Realty.com
Buyer's Agent
Ginna De La Pena
Virtual Properties Realty.com
List Price
$510,000
Sold Price
$280,000
Premium/Discount to List
-$230,000
-45.1%
Views
367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
292.29%

Purchase Details

Closed on
May 15, 2024
Sold by
Southern State Investments Llc
Bought by
First All American Construction Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
6.88%
Mortgage Type
Construction

Purchase Details

Listed on
Oct 29, 2013
Closed on
Jan 7, 2014
Sold by
Berkey Emily Sue Tinsley
Bought by
Rogers Betty B
Seller's Agent
Ira Mosher
Atlanta Communities
Buyer's Agent
Deborah Farmer
Mountain Ridge Realty, LLC
List Price
$99,500
Sold Price
$92,000
Premium/Discount to List
-$7,500
-7.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.84%
Original Mortgage
$87,400
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2013
Sold by
Tinsley Nellie Ozell
Bought by
Berkey Emily Sue
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $280,000 None Listed On Document
Special Warranty Deed $280,000 None Listed On Document
Special Warranty Deed $285,500 None Listed On Document
Special Warranty Deed $245,000 None Listed On Document
Warranty Deed $92,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $273,000 Construction
Previous Owner $87,400 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 Sold $280,000 -25.3% $112 / Sq Ft
06/11/2025 06/11/25 Pending -- -- --
05/10/2025 05/10/25 Price Changed $375,000 -10.7% $150 / Sq Ft
04/23/2025 04/23/25 Price Changed $420,000 -2.3% $168 / Sq Ft
02/23/2025 02/23/25 Price Changed $430,000 -11.0% $172 / Sq Ft
02/01/2025 02/01/25 Price Changed $483,000 -5.3% $193 / Sq Ft
01/11/2025 01/11/25 For Sale $510,000 +454.3% $204 / Sq Ft
01/07/2014 01/07/14 Sold $92,000 -7.5% $83 / Sq Ft
12/08/2013 12/08/13 Pending -- -- --
10/29/2013 10/29/13 For Sale $99,500 -- $90 / Sq Ft
Source: Georgia MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $564 $113,068 $80,960 $32,108
2023 $353 $111,540 $80,960 $30,580
2022 $510 $94,980 $64,400 $30,580
2021 $452 $75,828 $49,680 $26,148
2020 $419 $64,788 $38,640 $26,148
2019 $419 $64,788 $38,640 $26,148
2018 $392 $55,472 $31,280 $24,192
2017 $340 $51,792 $27,600 $24,192
2016 $343 $51,792 $27,600 $24,192
2015 $314 $36,684 $16,560 $20,124
2014 $1,090 $36,684 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10434172

Georgia MLS

APN: 16-0734-0-019-0