$400,000
SOLD JUL 30, 2025

551 Lake Dr Atlanta, GA 30354

3 Beds
2.5 Baths
1,850 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$216 Per Sq Ft

9% Below List Price

70 Days on Market

Highlights

  • Newly Remodeled
  • Great Room
  • No HOA
  • High Ceiling
  • Solid Surface Countertops
  • Walk-In Pantry

About This Home

As of July 2025

Welcome to this charming 3 bedroom 2.5 bath bungalow located in downtown Hapeville. The original home was taken down to the exterior wall studs, the foot print doubled, and the layout reconfigured to create a massive open concept living area, 2 large guest rooms and an oversized master bedroom with spa like bath and large walk in closet. Everything is new from the roof down, including siding, windows, all plumbing, electrical and systems. For all intents, this is a new construction home as there is no visible trace of the previous structure. Hard surface flooring run throughout the home, and the kitchen is a chefs delight with tons of cabinetry, a large kitchen island, quartz counters and stainless steel appliances ( to be installed before closing). Outdoor living space includes the covered front parch and a large rear deck. Located just 1/2 mile from downtown Hapeville, the home is within a 12 minute walk of multiple dining options.

Last Agent to Sell the Property

RPM Home Advisors

Keller Williams Atlanta Midtown License #250506 Listed on: 04/22/2025

Keller Williams Atlanta Midtown

Last Buyer's Agent

Rob Hall

Coldwell Banker Realty License #370290

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $922

Year Built

  • Built in 1945 | Newly Remodeled

Lot Details

  • 7,841 Sq Ft Lot
  • Level Lot

Home Design

  • Bungalow
  • Block Foundation
  • Composition Roof

Interior Spaces

  • 1,850 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Great Room
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Solid Surface Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • Double Vanity
  • Soaking Tub
  • Bathtub Includes Tile Surround
  • Separate Shower

Parking

  • 4 Parking Spaces
  • Parking Accessed On Kitchen Level
  • Off-Street Parking

Schools

  • Hapeville Elementary School
  • Paul D West Middle School
  • Tri Cities High School

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Forrest Hill Park Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$922

Year Built

Built in 1945 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1945
  • ArchitecturalStyle: Bungalow/Cottage
  • Main Level Half Bathrooms: 1
  • Electric: 220 Volts
  • Financing Type: FHA
  • Levels: One
  • Lot Size Acres: .18
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 1850
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Refrigerator, Microwave, Oven/Range (Combo), Stainless Steel Appliance(s)
  • Bedrooms: 3
  • Basement: Crawl Space
  • Total Finished Sq Ft: 1850
  • Above Grade Finished Sq Ft: 1850
  • Interior Amenities: High Ceilings, Pulldown Attic Stairs, Double Vanity, Soaking Tub, Master On Main Level, Separate Shower, Tile Bath, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Flooring: Laminate, Tile
  • Kitchen Features: Breakfast Bar, Kitchen Island, Pantry, Solid Surface Counters, Walk-in Pantry
  • Window Features: Double Pane Windows
  • Price Per Square Foot: 216.216

Beds/Baths

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

Exterior Features

  • Construction Materials: Other
  • Foundation Details: Block
  • Lot Features: Level
  • Property Condition: New Construction
  • Roof: Composition

Garage/Parking

  • Parking Features: Kitchen Level, Off Street
  • ParkingTotal: 4

Utilities

  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Heating: Central, Electric, Forced Air
  • Laundry Features: Other
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Connected, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Hapeville
  • High School: Tri Cities
  • Middle School: Paul D West
  • Elementary School: Hapeville
  • Middle School: Paul D West
  • High School: Tri Cities

Tax Info

  • Year: 2023
  • Tax Annual Amount: 922

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2023
Sold by
Freitus Enterprises Inc
Bought by
Skybeam Capital Reit Llc

Purchase Details

Closed on
Jul 6, 2021
Sold by
Adr1assist Llc
Bought by
Freitus Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,000
Interest Rate
2.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2021
Sold by
Stratton Chetara
Bought by
Bash Limited Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,000
Interest Rate
2.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 2, 2013
Closed on
Jun 7, 2013
Sold by
Secretary Of Housing And U
Bought by
Dna Inc
Seller's Agent
Batool Zamani
Pars Estates , Inc.
Buyer's Agent
Batool Zamani
Pars Estates , Inc.
List Price
$27,000
Sold Price
$27,500
Premium/Discount to List
$500
1.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.84%

Purchase Details

Closed on
Nov 1, 2011
Sold by
Citimortgage Inc
Bought by
Secretary Dept Of Housing & Ur

Purchase Details

Closed on
Aug 25, 1997
Sold by
Davis Frank C
Bought by
Ealey Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,750
Interest Rate
7.56%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Warranty Deed $171,775 --
Warranty Deed $150,000 --
Warranty Deed $130,000 --
Warranty Deed $95,000 --
Warranty Deed $85,000 --
Warranty Deed $27,500 --
Warranty Deed $54,506 --
Foreclosure Deed $54,506 --
Deed $64,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $300,000 New Conventional
Previous Owner $253,000 New Conventional
Previous Owner $63,750 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 Sold $400,000 -4.8% $216 / Sq Ft
07/01/2025 07/01/25 Pending -- -- --
06/11/2025 06/11/25 Price Changed $420,000 -2.3% $227 / Sq Ft
05/07/2025 05/07/25 Price Changed $430,000 -2.3% $232 / Sq Ft
04/22/2025 04/22/25 For Sale $440,000 +1500.0% $238 / Sq Ft
06/07/2013 06/07/13 Sold $27,500 +1.9% $21 / Sq Ft
05/08/2013 05/08/13 Pending -- -- --
03/02/2013 03/02/13 For Sale $27,000 -- $21 / 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
2025 $572 $438,440 $24,760 $413,680
2023 $572 $32,680 $30,280 $2,400
2022 $2,334 $88,720 $38,680 $50,040
2021 $2,194 $51,200 $8,560 $42,640
2020 $2,073 $51,200 $8,560 $42,640
2019 $258 $55,680 $8,560 $47,120
2018 $452 $16,000 $4,880 $11,120
2017 $467 $16,000 $4,880 $11,120
2016 $447 $18,040 $4,880 $13,160
2015 $829 $18,040 $4,880 $13,160
2014 $651 $21,240 $4,880 $16,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10505182

Georgia MLS

APN: 14-0094-0002-050-1