$6,056

closing credit¹

1955 E Lake Dr Marietta, GA 30066

$510,000
5 beds
3 full
2,500 sqft
0.6 acres
$204 / sqft
House

Property details

About 1955 E Lake Dr

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!

Highlights

Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size2,500 sqft
BasementYes
Lot size0.6 Acres
Year built1962
ParkingCarport
MLS #7503887
ViewNeighborhood

Summary

  • MLS Number: 7503887
  • MLS Name: First Multiple Listing Service
  • Office Name: Virtual Properties Realty.com
  • Office Phone: (770) 495-5050
  • Listing Agent: Ginna Delapena

IDX Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2025 First Multiple Listing Service, Inc.

IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 9:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of ranch-style home

$510,000

1955 E Lake Dr

$6,056

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
May 23, 2024
Home Sold
$285,500
May 17, 2024
Home Sold
$245,000
Jan 15, 2014
Home Sold
$92,000

Tax history

YearAssessmentProperty Tax
2024$113,068$563
2022$94,980$509
2021$75,828$452
2020$64,788$452
2018$55,472$391
2017$51,792$340

History based on county public records data.

Nearby schools

7

Kincaid Elementary School

Public District KG-5

0.5 mi

1410 Kincaid Rd

5

Sawyer Road Elementary School

Public District KG-5

1.0 mi

840 Sawyer Rd

4

Lockheed Elementary School

Public District KG-5

1.8 mi

1205 Merritt Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $75,144. The majority of Marietta, GA residents have income between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

20%
<35k
46%
35k-100k
24%
100k-200k
10%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

35%
Single, No Kids
9%
Single, with Kids
30%
Married, No Kids
26%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

16%
<11 yrs old
7%
12-17 yrs old
20%
18-34 yrs old
44%
35-64 yrs old
13%
65+ yrs old

What do the neighbors do for fun?

  • Symphony or OperaSymphony or Opera
  • Hiking/backpackingHiking/backpacking
  • Horse RacesHorse Races

Where do the neighbors shop?

  • Chico'sChico's
  • Nordstrom RackNordstrom Rack
  • Stein MartStein Mart

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • ChipotleChipotle
  • LongHorn SteakhouseLongHorn Steakhouse

What do the neighbors drive?

  • VolvoVolvo
  • MazdaMazda
  • BuickBuick

What do the neighbors listen to?

  • Talk/PersonalityTalk/Personality
  • RockRock
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Marietta, GA

About 1955 E Lake Dr

This home is located at 1955 E Lake Dr in Marietta, GA and zip code 30066. This 2,500 square foot home, which was built in 1962, sits on a 0.60 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 4, 2025 and is currently priced at $510,000.

In December 2024, from all listings sold in Marietta, GA there were more than 71 sold above asking price, over 140 sold below and more than 68 were sold right at the asked price. The number of listings in Marietta, GA decreased by 5.5% between November and December 2024. The median list price of listings available in December 2024 was $476,420, while the average time on the real estate market was 40 days.

From Rocket Homes Real Estate and based on county public records data.

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