Bought with Daniel Ussery • Five Market Realty LLC
$750,000
$800,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
620 West Lake DR Athens, GA 30606
5 Beds
4 Baths
3,721 SqFt
Key Details
Sold Price $750,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,721 sqft
Price per Sqft $201
Subdivision Fivepoints
MLS Listing ID 10173772
Sold Date 08/29/23
Style Ranch
Bedrooms 5
Full Baths 4
Construction Status Resale
HOA Y/N No
Year Built 1948
Annual Tax Amount $5,846
Tax Year 2022
Lot Size 1.020 Acres
Property Description
This stunning all-brick mid century modern ranch located in the heart of Five Points is minutes to UGA, Beechwood Shopping Center and Five Points restaurants. If this home had a name, it would be Rare Opportunity! This unique property offers a variety of living options a large main level living space with a large primary suite, living room, den, three guest rooms and terrace level guest apartment. Or you can use it as the space is currently set up: as a three-bedroom, two-bath home plus two separate single-bedroom apartments. The first apartment is located on the main level with a separate entrance in the back. The apartment suite includes a private living room with a working wood burning fireplace, kitchenette with a large bedroom complete with sitting area, bathroom and walk-in closet. This space also has its own washer and dryer hookups. The second apartment is located on the terrace level with private bathroom, private laundry hookup, separate driveway, private kitchen and living room, though it could easily be reverted to re-create a perfect, full family home. This arrangement provides for a private suite for in-laws, adult children, home office, guests or rental. The home's original 1940s floor plan offers a traditional entryway and large living/dining area with a fireplace that can flex to your family's needs. The entire main living area features hardwood flooring, recessed lighting and ample closet space. The beautifully updated kitchen is easily accessible - you'll love preparing meals here with the custom cabinetry, two sinks, upgraded gas stove and hood. The primary bedroom and living room addition includes a fireplace surrounded by built-ins, a classic home bar with sink and French doors that lead to the patio. The kitchen includes a breakfast nook for quick meals and French doors to the brick paver patio outside with built-in outdoor fireplace. This expansive yard is full of mature trees and plantings and includes a fully fenced in backyard and garden shed. With so many options, all this home needs is your creativity and guidance to make it your perfect next property! This property offers serious rental potential. You can rent just the terrace level apartment as a long-term rental for a graduate student or young professional and net around $1,000 a month. As a short-term rental, the lower-level apartment could generate $3,000 to $4,500 monthly. If you use this property to host three AirBnBs, you could generate an income of more than $11,000 monthly. View this property in person to see all its endless possibilities.
Location
State GA
County Clarke
Rooms
Basement Bath Finished, Crawl Space, Exterior Entry, Finished
Main Level Bedrooms 4
Interior
Interior Features Double Vanity, Two Story Foyer, Tile Bath, Walk-In Closet(s), In-Law Floorplan, Master On Main Level, Split Bedroom Plan, Split Foyer
Heating Forced Air
Cooling Electric
Flooring Hardwood, Tile
Fireplaces Number 3
Fireplaces Type Family Room, Living Room, Other, Outside
Exterior
Exterior Feature Other
Parking Features Kitchen Level, Parking Pad, RV/Boat Parking, Side/Rear Entrance, Over 1 Space per Unit, Guest, Off Street
Garage Spaces 6.0
Fence Fenced, Chain Link, Privacy, Wood
Community Features None
Utilities Available Cable Available, Sewer Connected, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront Description Creek
Roof Type Composition
Building
Story One
Foundation Slab
Sewer Public Sewer
Level or Stories One
Structure Type Other
Construction Status Resale
Schools
Elementary Schools Alps Road
Middle Schools Clarke
High Schools Clarke Central
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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