$545,000
●
House -
Off Market
5130 Whites Mill Road
Gainesville, GA 30504
3 Beds
2 Baths
1,488 Ft²
$3,302
Est. Monthly
3.48%
Cap Rate
About This Property
Charming lakefront cottage with newly re-decked slip dock with
party deck in peaceful Balus Creek area of south lake, close to all
the fun and restaurants. Use it as a weekend getaway or build
your dream home later here on this beautifully laying lot with a
circle driveway and US Corp line that extends into the water. The
huge screened porch overlooking the water has a year-round view and
it's where you will enjoy morning coffee, evening wine and rain on
the metal roof. Down below the porch is a patio perfect for a
hammock always in the shade and surrounded by mountain laurel and
rhododendrons. Move right in - Tastefully decorated - All
furnishings convey with exception of personal effects, art and
items excluded on the seller disclosure.
Unit Size
1,488 Ft²
Days on Market
-
Land Size
0.80 acres
Price per sqft
$403
Property Type
House
Property Taxes
$361
HOA Dues
-
Year Built
1962
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 3 years ago (GAMLS #10303100)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 18, 2024 | Sold | ||
| Sold | |||
| May 20, 2024 | Listed by The Norton Agency | $599,000 | |
| Listed by The Norton Agency | |||
| | |||
|
Charming lakefront cottage with newly re-decked slip dock with party deck in peaceful Balus Creek area of south lake, close to all the fun and restaurants. Use it as a weekend getaway or build your dream home later here on this beautifully laying lot with a circle driveway and US Corp line that extends into the water.
The huge screened porch overlooking the water has a year-round view and it's where you will enjoy morning coffee, evening wine and rain on the metal roof. Down below the porch is a patio perfect for a hammock always in the shade and surrounded by mountain laurel and rhododendrons. Move right in - Tastefully decorated - All furnishings convey with exception of personal effects, art and items excluded on the seller disclosure.
| |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Hall
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Kim Waters, The Norton Agency
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10303100
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10303100
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.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017