New Year, new price! Investor's loss is your gain! This home is waiting for someone to come in and finish it off. Home has been partially renovated with 2 bedrooms and 1 bath up and another 2 bedrooms, 1 bath down. Prior owner closed off the staircase that led to the downstairs so you have 2 separate living spaces or open it back up and add the stairs back in. Home sits on a large .33ac +/- lot with a fenced in area, two large double carports with electrical and lighting, 2 separate driveways and a third carport and driveway perfect to store your boat, camper, work truck and more. Home sits across the street from the private gated lack access and boat launch. There is an optional POA for lake access. This is not a legal duplex, there are no rental restrictions and no HOA. If you're an investor - lender will fund the rehab. PLEASE Look at ALL the Pictures!
Closed
$265,000
5540 Mercedes Dr, Cumming, GA 30041
4beds
1,840sqft
Single Family Residence
Built in 1970
0.33 Acres Lot
$356,200 Zestimate®
$144/sqft
$1,994 Estimated rent
Home value
$356,200
$328,000 - $381,000
$1,994/mo
Zestimate® history
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$1,613/mo
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List your homeWhat's special
Fenced in areaThird carport and drivewayTwo large double carports
Zillow last checked:
Listing updated:
Listed by:
Lorraine Beato 404-429-7354,
eXp Realty
Bought with:
Dawn Scurry-Thomson, 387720
Keller Williams Realty Atl. Partners
Source: GAMLS,MLS#: 10417005
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Rooms
- Room types: Laundry, Other
Heating
- Heat Pump
Cooling
- Ceiling Fan(s)
Appliances
- Included: Electric Water Heater
- Laundry: Other
Features
- Other, Split Bedroom Plan
- Flooring: Tile
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,840
- Total interior livable area: 1,840 sqft
- Finished area above ground: 1,840
- Finished area below ground: 0
Property
Parking
- Total spaces: 10
- Parking features: Carport, Parking Pad, RV/Boat Parking
- Has carport: Yes
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Patio
- Exterior features: Garden, Other
- Fencing: Chain Link,Front Yard
- Waterfront features: No Dock Or Boathouse
- Body of water: None
Lot
- Size: 0.33 Acres
- Features: Corner Lot, Level
- Residential vegetation: Grassed
Details
- Additional structures: Other, Shed(s)
- Parcel number: 221 313
- Special conditions: As Is,No Disclosure
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Other
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Phone Available, Water Available
Community & HOA
Community
- Features: Lake
- Subdivision: Shady Shores
HOA
- Has HOA: No
- Services included: None
Location
- Region: Cumming
Financial & listing details
- Price per square foot: $144/sqft
- Tax assessed value: $308,440
- Annual tax amount: $109
- Date on market: 11/20/2024
- Cumulative days on market: 46 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 1/21/2025 | Sold | $265,000-3.6%$144/sqft |
Source:  GAMLS #10417005 Report a problem | ||
| 1/6/2025 | Pending sale | $275,000$149/sqft |
Source: GAMLS #10417005 Report a problem | ||
| 1/3/2025 | Price change | $275,000-5.2%$149/sqft |
Source:  FMLS GA #7488804 Report a problem | ||
| 12/10/2024 | Price change | $290,000-10.8%$158/sqft |
Source: GAMLS #10417005 Report a problem | ||
| 11/21/2024 | Listed for sale | $325,000-11%$177/sqft |
Source: FMLS GA #7488804 Report a problem | ||
| 11/7/2024 | Listing removed | $365,000$198/sqft |
Source: FMLS GA #7442580 Report a problem | ||
| 9/3/2024 | Listed for sale | $365,000+12.3%$198/sqft |
Source: GAMLS #10362409 Report a problem | ||
| 5/8/2024 | Sold | $325,000$177/sqft |
Source: Public Record Report a problem | ||
| 4/1/2024 | Contingent | $325,000$177/sqft |
Source: GAMLS #10271563 Report a problem | ||
| 3/28/2024 | Listed for sale | $325,000$177/sqft |
Source: GAMLS #10271563 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,025 +1274.7% | $123,376 +15.8% |
| 2024 | $220 +101.1% | $106,564 +15.6% |
| 2023 | $109 -48.6% | $92,196 +34% |
| 2022 | $213 +3.8% | $68,796 +13.9% |
| 2021 | $205 | $60,416 +1.4% |
| 2020 | -- | $59,584 +1.9% |
| 2019 | $206 +0.8% | $58,472 +32.6% |
| 2017 | $204 +0.2% | $44,112 +0.7% |
| 2016 | $204 | $43,812 +12.9% |
| 2015 | $204 +34.7% | $38,812 +44.5% |
| 2014 | $151 0% | $26,860 |
| 2013 | $151 -5.9% | $26,860 -4.4% |
| 2012 | $161 -79.8% | $28,108 -18.4% |
| 2011 | $795 | $34,432 -15.4% |
| 2010 | -- | $40,696 -19.7% |
| 2009 | -- | $50,696 |
| 2008 | -- | $50,696 +5.8% |
| 2007 | -- | $47,920 |
| 2006 | $908 | $47,920 |
| 2005 | $908 | $47,920 |
| 2004 | $908 +28.7% | $47,920 |
| 2003 | $705 +3.4% | -- |
| 2002 | $682 +43.2% | -- |
| 2001 | $476 -2.3% | -- |
| 2000 | $488 | -- |
Find assessor info on the county website
Neighborhood: Shady Shores
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Nearby schools
GreatSchools rating
- 7/10Chattahoochee Elementary SchoolGrades: PK-5Distance: 1.5 mi
- 5/10Little Mill Middle SchoolGrades: 6-8Distance: 4.8 mi
- 7/10East Forsyth High SchoolGrades: 9-12Distance: 6.2 mi
Schools provided by the listing agent
- Elementary: Chattahoochee
- Middle: Little Mill
- High: East Forsyth
Source: GAMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$356,200
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Estimated market value
$356,200
- Georgia
- Forsyth County
- Cumming
- 30041
- Shady Shores
- 5540 Mercedes Dr
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