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ActivePrice cut: $15K (8/20)
$535,000
3beds
1,218sqft

5085 Balus Dr, Gainesville, GA 30504

3beds
1,218sqft
Single family residence
Built in 1962
0.35 Acres
4 Parking spaces
$439 price/sqft

What's special

Newly added office spaceBrand-new roof and guttersNewly installed appliancesUpdated light fixtures throughoutUpdated porchRemodeled second bathroomFresh flooring

Discover the ultimate family retreat in this serene, 113 feet of lakefront sanctuary. Nestled on a quiet, private cul-de-sac, this home offers the perfect blend of natural beauty and modern living, providing a grounding escape from the everyday hustle. This home is turn-key and meticulously updated, boasting over $135,750 in recent improvements: Exterior & Waterfront: Enjoy a brand-new roof and gutters (2025), a stunning two-level dock with rip-rap and stairs, an updated porch, and recent property grading. Modern Systems: Worry-free living with a new septic system, new gas and plumbing lines, and updated light fixtures throughout. Interior Upgrades: Newly installed appliances, fresh flooring, a remodeled second bathroom, and a newly added office space provide comfort and functionality for the whole family. The property is defined by its tranquility-wake up to the stillness of the lake and enjoy deer wandering through the grounds. Located in a wonderful, friendly neighborhood with long-term residents, you gain significant privacy while remaining just a short drive from the amenities of downtown Oakwood and Gainesville.

77 days
|
3,934
|
150
|
Source: GAMLS,MLS#: 10787289MLS Logo
Travel times

Living Room

Kitchen

Bedroom

Zillow last checked:

Listing updated:

Listed by:

Premier Realty Group 404-384-2818,

Keller Williams Realty Atl. Partners,

Lynzi Kiser 404-384-2818,

Keller Williams Realty Atl. Partners

Source: GAMLS,MLS#: 10787289MLS Logo

Facts & features

Interior

Bedrooms & bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 1
  • Main level bedrooms: 3
Rooms
  • Room types: Family Room, Laundry, Office, Sun Room
Kitchen
  • Features: Breakfast Area, Solid Surface Counters
Heating
  • Central
Cooling
  • Ceiling Fan(s), Central Air
Appliances
  • Included: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Laundry: In Basement
Features
  • Beamed Ceilings, Master On Main Level, Rear Stairs
  • Flooring: Laminate, Tile
  • Basement: Exterior Entry,Partial
  • Has fireplace: No
  • Common walls with other units/homes: No Common Walls
Interior area
  • Total structure area: 1,218
  • Total interior livable area: 1,218 sqft
  • Finished area above ground: 918
  • Finished area below ground: 300
Video & virtual tour

Property

Parking
  • Total spaces: 4
  • Parking features: Kitchen Level
Features
  • Levels: One and One Half
  • Stories: 1
  • Patio & porch: Patio, Screened
  • Exterior features: Dock
  • Has view: Yes
  • View description: Lake
  • Has water view: Yes
  • Water view: Lake
  • Waterfront features: Lake, Lake Privileges
  • Body of water: Lanier
  • Frontage type: Lakefront
  • Frontage length: Waterfront Footage: 113
Lot
  • Size: 0.35 Acres
  • Features: Cul-De-Sac
  • Residential vegetation: Wooded
Details
  • Additional structures: Other
  • Parcel number: 08055 003038

Construction

Type & style
  • Home type: SingleFamily
  • Architectural style: Brick 3 Side,Ranch
  • Property subtype: Single Family Residence
Materials
  • Brick, Concrete
  • Roof: Composition
Condition
  • Resale
  • New construction: No
  • Year built: 1962

Utilities & green energy

  • Sewer: Septic Tank
  • Water: Public
  • Utilities for property: Cable Available, Electricity Available, Phone Available, Water Available

Community & HOA

Community
  • Features: None
  • Security: Smoke Detector(s)
  • Subdivision: Lake Lanier
HOA
  • Has HOA: No
  • Services included: None
Location
  • Region: Gainesville

Financial & listing details

  • Price per square foot: $439/sqft
  • Tax assessed value: $290,700
  • Annual tax amount: $2,843
  • Date on market: 6/16/2026
  • Cumulative days on market: 76 days
  • Listing agreement: Exclusive Right To Sell
  • Electric utility on property: Yes

Price history

DateEventPrice
8/20/2026Price change$535,000-2.7%$439/sqft
Source: GAMLS #10787289 Report a problem
7/23/2026Price change$550,000-1.8%$452/sqft
Source: GAMLS #10787289 Report a problem
6/26/2026Listed for sale$560,000$460/sqft
Source: GAMLS #10787289 Report a problem
6/24/2026Pending sale$560,000$460/sqft
Source: GAMLS #10787289 Report a problem
6/17/2026Listed for sale$560,000+423.4%$460/sqft
Source: FMLS GA #7789571 Report a problem
7/16/2025Listing removed$2,300$2/sqft
Source: Zillow Rentals Report a problem
6/24/2025Listed for rent$2,300+76.9%$2/sqft
Source: Zillow Rentals Report a problem
5/6/2020Listing removed$1,300$1/sqft
Source: Hill Wood Realty, LLC. #8767998 Report a problem
4/9/2020Listed for rent$1,300+2%$1/sqft
Source: Hill Wood Realty, LLC. #8767998 Report a problem
11/2/2017Listing removed$1,275$1/sqft
Source: Keller Williams Realty Atlanta Partners Report a problem
9/3/2017Price change$1,275-1.2%$1/sqft
Source: Keller Williams Realty Atlanta Partners #8253965 Report a problem
8/9/2017Price change$1,290-4.4%$1/sqft
Source: Keller Williams Realty Atlanta Partners #8253965 Report a problem
6/5/2017Listed for rent$1,350+17.4%$1/sqft
Source: Owner Report a problem
11/4/2013Listing removed$1,150$1/sqft
Source: Dominion Enterprises #5211539 Report a problem
11/3/2013Listed for rent$1,150$1/sqft
Source: Dominion Enterprises #5211539 Report a problem
4/26/2013Sold$107,000-10.8%$88/sqft
Source: FMLS GA #5114777 Report a problem
4/17/2013Pending sale$119,900$98/sqft
Source: Community Partners LLC dba Keller Williams Realty Community Partners #5114777 Report a problem
2/26/2013Price change$119,900-14.4%$98/sqft
Source: Community Partners LLC dba Keller Williams Realty Community Partners #5114777 Report a problem
1/30/2013Price change$140,000+16.7%$115/sqft
Source: Prudential Georgia Realty-Gainesville #5051745 Report a problem
1/23/2013Price change$119,999-14.3%$99/sqft
Source: Prudential Georgia Realty-Gainesville #5051745 Report a problem
1/15/2013Price change$140,000-12.5%$115/sqft
Source: Prudential Georgia Realty-Gainesville #5051745 Report a problem
8/10/2012Listed for sale$160,000$131/sqft
Source: Jack Waldrip Real Estate #03269260 Report a problem

Public tax history

YearProperty taxesTax assessment
2025$2,843 +2.2%$116,280 +2.3%
2024$2,781 -9.2%$113,640 -6.2%
2023$3,063 +38.1%$121,120 +45.4%
2022$2,218 +1.8%$83,320 +8%
2021$2,180 +3.2%$77,160 +3.2%
2020$2,112 +7.8%$74,800 +11.8%
2019$1,959 +17.3%$66,920 +16.8%
2018$1,670 -1%$57,280 +6.7%
2017$1,687 +10.1%$53,680
2016$1,533 +22.9%$53,680
2015$1,247 $53,680 +17%
2014$1,247 $45,880
2013-- --
2012-- --
2011-- --
2010-- --
2009$1,182 +15.8%--
2007$1,021 -0.3%--
2006$1,024 +2.6%--
2005$998 +3.5%--
2004$964 +2.1%--
2003$944 -9.2%--
2002$1,039 -0.1%--
2001$1,039 -12.7%--
2000$1,190 $64,580

Find assessor info on the county website

Monthly payment

Est. payment
$3,122/mo
Principal & interest
$2721
Property taxes
$401
More affordability toolsChevron Right

Estimated market value

$515,900

$490,000 - $542,000

$1,916/mo

Climate risks

Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.

Neighborhood: 30504

Nearby schools

Oakwood Elementary School
Grades PK-5 • 2 miles
3/10
GreatSchools® Rating
Test Score Rating
3/10
Student Progress Rating
3/10
West Hall Middle School
Grades 6-8 • 1.8 miles
3/10
GreatSchools® Rating
Test Score Rating
2/10
Student Progress Rating
4/10
West Hall High School
Grades 9-12 • 2.1 miles
4/10
GreatSchools® Rating
Test Score Rating
2/10
College Readiness Rating
5/10

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