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Cherie Chiles-Buchanan

Engel & Volkers Atlanta

cherie@evatlanta.com +1(770) 674-8276

$ 325,000

Est. payment -/mo

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Active Under Contract

507 Cross Creek PT Stone Mountain, GA 30087

6 Beds

4 Baths

5,061 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 5,061 sqft

Price per Sqft $64

Subdivision Waters Edge

MLS Listing ID 10535614

Style European,Traditional

Bedrooms 6

Full Baths 4

HOA Fees $1,136

HOA Y/N Yes

Year Built 1988

Annual Tax Amount $838

Tax Year 2024

Lot Size 0.380 Acres

Acres 0.38

Lot Dimensions 16552.8

Property Sub-Type Single Family Residence

Source Georgia MLS 2

Property Description

A rare opportunity ON THE LAKE in the beautiful Stone Mountain community of Waters Edge! This expansive, over 5000 sq ft lakefront home, offers incredible potential for the right buyer. Priced at $325,000, the property is being sold AS-IS and will require a full renovation, but the space, layout, and location are impressive. With an estimated $150-175K in renovation costs, the potential After Repair Value (ARV) is ~$600K, based on the most recent sales of turn key lakefront homes in the community-an excellent opportunity to build equity with your investment! Waters Edge homeowners enjoy access to a 140 acre lake, clubhouse, tennis and pickleball courts, playgrounds, pools, fitness center, walking trails, and more-all within a picturesque, tree-lined setting. See the floor plan provided for a visual. The home features a great layout for families, entertaining or empty nesters, including a main-level owner's suite with a large bathroom and walk-in closet-ready for your vision to turn it into your own sanctuary! The main living level also includes a separate guest bedroom and bath, a spacious living room with soaring ceilings and natural light, separate dining room, and a centered kitchen with breakfast area overlooking a large fireside family room with lake views, open to a rear deck. The walk-out daylight basement features a large rec room, bedroom, full bath, and additional unfinished space, including a side boat garage, offering a multitude of options for storage or additional space needs! Upstairs, the second level features three additional bedrooms, a full bath, and a bonus/flex space open to below. You will also enjoy the convenience of a 2-car attached garage and mudroom leading to the kitchen. Situated on a gently sloping, sunny lot leading to your dock, this lake front home provides serene and sparkling sunset views with direct access to the water. Waters Edge is located just minutes from Stone Mountain Park, offering residents easy access to all the outdoor activities, amenities, events, and recreation this iconic park has to offer, along with convenient access to shopping, dining and retail in the Stone Mountain area. NOTE: This property will require Cash or a Renovation Loan. We can connect you with reliable professionals and local lenders who can help make your dream home a reality with various renovation financing options. Don't miss this chance to live on the lake in one of Stone Mountain's most desirable communities! *NO BLIND OFFERS* OFFER DEADLINE: MONDAY, JUNE 9th @ 5:00 PM EST*

Location

State GA

County Dekalb

Rooms

Other Rooms Workshop

Basement Bath Finished, Boat Door, Concrete, Daylight, Exterior Entry, Finished, Full, Interior Entry, Unfinished

Dining Room Separate Room

Interior

Interior Features Bookcases, Double Vanity, High Ceilings, Master On Main Level, Separate Shower, Vaulted Ceiling(s), Walk-In Closet(s)

Heating Central, Natural Gas

Cooling Ceiling Fan(s), Central Air

Flooring Carpet, Hardwood, Other, Tile

Fireplaces Number 2

Fireplaces Type Family Room, Living Room

Fireplace Yes

Appliance Dishwasher, Microwave, Refrigerator, Stainless Steel Appliance(s)

Laundry Upper Level

Exterior

Exterior Feature Dock, Garden

Parking Features Attached, Garage, Garage Door Opener, Kitchen Level, Off Street, Side/Rear Entrance

Garage Spaces 2.0

Community Features Clubhouse, Fitness Center, Lake, Park, Playground, Pool, Tennis Court(s)

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Available

Waterfront Description Lake

View Y/N Yes

View Lake

Roof Type Composition

Total Parking Spaces 2

Garage Yes

Private Pool No

Building

Lot Description Cul-De-Sac, Private

Faces From Rockbridge Road, North on N Deshong Road, Right into Waters Edge, Stay Right on Waters Edge Drive, to Right on Cross Creek Point.

Sewer Public Sewer

Water Public

Structure Type Stone,Stucco,Wood Siding

New Construction No

Schools

Elementary Schools Princeton

Middle Schools Stephenson

High Schools Stephenson

Others

HOA Fee Include Management Fee,Swimming,Tennis

Tax ID 18 029 01 078

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Fixer

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Cherie Chiles-Buchanan

Real Estate Advisor | License ID: 326930

+1(770) 674-8276

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Cherie Chiles-Buchanan

507 Cross Creek PT Stone Mountain, GA 30087

Key Details

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