$315,000
●
House -
In Contract
2802 Buford Dam Road
Cumming, GA 30041
3 Beds
2 Baths
1,152 Ft²
$1,772
Est. Monthly
About This Property
**NEW PRICE - $315,000 | NO HOA | RENOVATED RANCH NEAR LAKE
LANIER** Opportunity meets location! This renovated
3-bedroom, 2-bath ranch offers move-in-ready living in Forsyth
County. Convenient access to Buford Dam, Lake Lanier,
shopping, dining and everyday conveniences. The renovation includes
a new roof, HVAC, hot water tank, electrical panel, plumbing,
drywall, flooring, lighting, kitchen and baths, providing the major
updates buyers and investors look for. The one-level floor plan,
updated interior and outdoor space make this property appealing as
a primary residence, second home or potential rental investment. At
$315,000, this is an opportunity to own in a highly sought-after
Forsyth County location while enjoying the recreational appeal of
Lake Lanier without the lakefront price tag. Seller is ready to
consider offers. Schedule your showing and take a look at the
possibilities.
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$273
Property Type
House
Property Taxes
$225
HOA Dues
-
Year Built
1997
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 24 days ago (GAMLS #10761494)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2026 | In contract | - | |
| In contract | |||
| Oct 2, 2026 | Price Decreased |
$315,000
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Sep 18, 2026 | Price Decreased |
$325,000
↓ $15K
(4.4%) | |
| Price Decreased | |||
| Sep 14, 2026 | Price Decreased |
$340,000
↓ $10K
(2.9%) | |
| Price Decreased | |||
| Jul 25, 2026 | Price Decreased |
$350,000
↓ $15K
(4.1%) | |
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
Fireplace
Parking Details
Parking Features: Parking Pad
Interior Details
Full Bathrooms: 2
Interior Features: Other
Appliances: Dishwasher, Electric Water Heater, Stainless Steel Appliance(s), Oven/Range (Combo)
Flooring Type: Vinyl
Laundry Features: Other
Has Fireplace
Fireplace Features: Living Room, Other
Fireplaces: 1
Basement: Crawl Space
Exterior Details
Square Footage: 1152
Square Footage Source: $0
Security Features: Smoke Detector(s)
Property Condition: Updated/Remodeled
Architectural Style: Ranch
Year Built: 1997
Levels: One
Window Features: Double Pane Windows
Construction Materials: Block
Patio and Porch Features: Deck, Porch
Lot Features: Level
Lot Size Area: 24829.2
Lot Size Units: Square Feet
Lot Size Acres: 0.57
Lot Size Square Feet: 24829.2
Water Source: Public
Financial Details
Tax Annual Amount: $2,694
Utilities Details
Cooling Type: Central Air, Heat Pump
Heating Type: Central, Heat Pump
Sewer : Septic Tank
Location Details
HOA/Condo/Coop Fee Includes: None
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Sold On
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HOA + Taxes
About Forsyth
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Listed by: Peggy Brown, Virtual Properties Realty.com
Last Updated: 24 days ago
Data Source: GAMLS, MLS# 10761494
Last Updated: 24 days ago
Data Source: GAMLS, MLS# 10761494
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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