$350,000
SOLD AUG 26, 2025

507 Cross Creek Point Stone Mountain, GA 30087

6 Beds
4 Baths
5,061 Sq Ft
0.38 Acres

Recently Sold

$69 Per Sq Ft

8% Above List Price

9 Days on Market

Highlights

  • 185 Feet of Waterfront
  • Fitness Center
  • Community Lake
  • Docks
  • Lake View
  • Clubhouse

About This Home

As of August 2025

A rare opportunity ON THE LAKE in the beautiful Stone Mountain community of Waters Edge! This expansive, over 5000 sq ft lakefront home, offers incredible potential for the right buyer. Priced at $325,000, the property is being sold AS-IS and will require a full renovation, but the space, layout, and location are impressive. With an estimated $150-175K in renovation costs, the potential After Repair Value (ARV) is ~$600K, based on the most recent sales of turn key lakefront homes in the community-an excellent opportunity to build equity with your investment! Waters Edge homeowners enjoy access to a 140 acre lake, clubhouse, tennis and pickleball courts, playgrounds, pools, fitness center, walking trails, and more-all within a picturesque, tree-lined setting. See the floor plan provided for a visual. The home features a great layout for families, entertaining or empty nesters, including a main-level owner's suite with a large bathroom and walk-in closet-ready for your vision to turn it into your own sanctuary! The main living level also includes a separate guest bedroom and bath, a spacious living room with soaring ceilings and natural light, separate dining room, and a centered kitchen with breakfast area overlooking a large fireside family room with lake views, open to a rear deck. The walk-out daylight basement features a large rec room, bedroom, full bath, and additional unfinished space, including a side boat garage, offering a multitude of options for storage or additional space needs! Upstairs, the second level features three additional bedrooms, a full bath, and a bonus/flex space open to below. You will also enjoy the convenience of a 2-car attached garage and mudroom leading to the kitchen. Situated on a gently sloping, sunny lot leading to your dock, this lake front home provides serene and sparkling sunset views with direct access to the water. Waters Edge is located just minutes from Stone Mountain Park, offering residents easy access to all the outdoor activities, amenities, events, and recreation this iconic park has to offer, along with convenient access to shopping, dining and retail in the Stone Mountain area. NOTE: This property will require Cash or a Renovation Loan. We can connect you with reliable professionals and local lenders who can help make your dream home a reality with various renovation financing options. Don't miss this chance to live on the lake in one of Stone Mountain's most desirable communities! *NO BLIND OFFERS* OFFER DEADLINE: MONDAY, JUNE 9th @ 5:00 PM EST*

Last Agent to Sell the Property

Sara Lee Parker

Keller Williams Realty License #283235 Listed on: 06/02/2025

Keller Williams Realty

Last Buyer's Agent

ERICKA PARROTT

Virtual Properties Realty.Net License #320681

Virtual Properties Realty.Net

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $838

Year Built

  • Built in 1988

Lot Details

  • 0.38 Acre Lot
  • 185 Feet of Waterfront
  • Lake Front
  • Cul-De-Sac
  • Private Lot
  • Garden
  • Grass Covered Lot

HOA Fees

  • $95 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • European Architecture
  • Fixer Upper
  • Composition Roof
  • Wood Siding
  • Stone Siding
  • Stucco
  • Stone

Interior Spaces

  • 3-Story Property
  • Bookcases
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Loft
  • Bonus Room
  • Lake Views
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Area or Nook
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Double Vanity
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry on upper level

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Boat door in Basement
  • Finished Basement Bathroom
  • Natural lighting in basement

Parking

  • 2 Car Garage
  • Parking Accessed On Kitchen Level
  • Side or Rear Entrance to Parking
  • Garage Door Opener
  • Off-Street Parking

Outdoor Features

  • Docks
  • Deck
  • Patio
  • Separate Outdoor Workshop

Schools

  • Princeton Elementary School
  • Stephenson Middle School
  • Stephenson High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 11 / D

Community Details

Overview

  • Association fees include management fee, swimming, tennis
  • Waters Edge Subdivision
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$838

Year Built

Built in 1988

Lot Details

0

HOA Fees

$95 per month

Listing Details

  • Property Type: Residential
  • District: 18
  • Year Built: 1988
  • ArchitecturalStyle: European, Traditional
  • Financing Type: Cash
  • Levels: Three Or More
  • Lot Size Acres: .38
  • Other Sturctures: Workshop
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 5061
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Refrigerator, Stainless Steel Appliance(s)
  • Bedrooms: 6
  • Dining Room Features: Separate Room
  • Basement: Bath Finished, Boat Door, Concrete, Daylight, Exterior Entry, Finished, Full, Interior Entry, Unfinished
  • Below Grade Finished Sq Ft: 1214
  • Total Finished Sq Ft: 3847
  • Unfinished Below Grade Sq Ft: 1214
  • Above Grade Finished Sq Ft: 3847
  • Interior Amenities: Bookcases, Double Vanity, High Ceilings, Master On Main Level, Pulldown Attic Stairs, Separate Shower, Vaulted Ceiling(s), Walk-In Closet(s)
  • Full Bathrooms: 4
  • Fireplace Features: Family Room, Living Room
  • Flooring: Carpet, Hardwood, Other, Tile
  • Kitchen Features: Breakfast Area, Kitchen Island, Pantry
  • Window Features: Skylight(s)
  • Price Per Square Foot: 69.1562

Beds/Baths

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

Exterior Features

  • Waterfront Frontage: 185
  • Common Walls: No Common Walls
  • Construction Materials: Stone, Stucco, Wood Siding
  • ExteriorFeatures: Dock, Garden
  • Lot Features: Cul-De-Sac, Private
  • Patio And Porch Features: Deck, Patio
  • Property Condition: Fixer
  • Roof: Composition
  • View: Lake
  • Waterfront Features: Lake

Garage/Parking

  • Parking Features: Attached, Garage, Garage Door Opener, Kitchen Level, Off Street, Side/Rear Entrance
  • ParkingTotal: 2

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central, Natural Gas
  • Laundry Features: Upper Level
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Annual Association Fee: 1136
  • Association: Yes
  • Community Features: Clubhouse, Fitness Center, Lake, Park, Playground, Pool, Tennis Court(s)

Fee Information

  • Association Fee Includes: Management Fee, Swimming, Tennis

Schools

  • Elementary School: Princeton
  • High School: Stephenson
  • Middle School: Stephenson
  • Elementary School: Princeton
  • Middle School: Stephenson
  • High School: Stephenson

Lot Info

  • Land Lot: 29
  • Lot: 11
  • Deed Book: 31704
  • Deed Page: 203
  • Plat Book: 86
  • Plat Page: 127

Multi Family

  • Total Fireplaces: 2

Tax Info

  • Year: 2024
  • Tax Annual Amount: 838

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2025
Closed on
Aug 26, 2025
Sold by
Hilsman Alfred V
Bought by
Sok Chieu
Seller's Agent
Sara Lee Parker
Keller Williams Realty
Buyer's Agent
ERICKA PARROTT
Virtual Properties Realty.Net
List Price
$325,000
Sold Price
$350,000
Premium/Discount to List
$25,000
7.69%
Views
229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-21.36%

Purchase Details

Closed on
Oct 7, 2024
Sold by
Hilsman Alfred V
Bought by
Hilsman Alfred V and Lagree Oshawn

Purchase Details

Closed on
Sep 27, 2024
Sold by
Hilsman Alfred V
Bought by
Hilsman Alfred V

Purchase Details

Closed on
Jan 13, 2012
Sold by
Wells Fargo Bank Na
Bought by
Hillsman Carla

Purchase Details

Closed on
Aug 7, 2007
Sold by
Russell Carter and Russell Sandra K
Bought by
Wells Fargo Bank Na 2004-Whq1

Purchase Details

Closed on
Oct 24, 1994
Sold by
Coleman Joseph L Jeana E
Bought by
Russell Carter
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Limited Warranty Deed $350,000 --
Warranty Deed -- --
Quit Claim Deed -- --
Warranty Deed $120,199 --
Foreclosure Deed $275,260 --
Deed $35,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed -- Seller Take Back
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2025 08/26/25 Sold $350,000 +7.7% $69 / Sq Ft
06/11/2025 06/11/25 Pending -- -- --
06/02/2025 06/02/25 For Sale $325,000 -- $64 / 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 $838 $165,640 $18,000 $147,640
2023 $838 $158,280 $20,400 $137,880
2022 $749 $137,040 $20,400 $116,640
2021 $749 $118,400 $20,400 $98,000
2020 $2,396 $83,648 $20,400 $63,248
2019 $2,380 $83,648 $20,400 $63,248
2018 $1,901 $104,560 $20,400 $84,160
2017 $2,018 $57,680 $20,400 $37,280
2016 $1,797 $57,680 $20,400 $37,280
2014 $2,255 $76,720 $20,400 $56,320
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Georgia MLS

MLS Number: 10535614

Georgia MLS

APN: 18-029-01-078