507 E Lake Drive

Decatur, GA
$ 700,000 Beds 3 Baths 1
Monthly Estimate* How much can I afford?

Rare opportunity to build your dream home or start your next luxury project on a wide, level corner lot in the middle of it all! Walk out your front door to the wide, welcoming sidewalks and wonderful, pedestrian friendly neighborhood of Oakhurst. Located across from the Oakhurst Park & Dog Park, walkable to the amazing restaurants and entertainment of downtown Oakhurst, the East Lake MARTA station and minutes from downtown Decatur, Kirkwood and more! Highly coveted City of Decatur schools and neighborhood magic including the annual Porchfest music festival! Being sold “as-is” ideally to be torn down and rebuilt but the property is currently occupied. Terrific opportunity for top notch Builders or Buyers looking for the perfect place to create a masterpiece!

Active

  • Price
  • $ 700,000
  • City
  • Decatur
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • Dekalb
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.27 Acres
  • Zip
  • 30030
  • Year Built
  • 1938
  • Taxes
  • $ 7245
  • Style
  • Cottage, Tudor
  • MLS#
  • 7830846
Listed By: Keller Williams Realty Peachtree Rd. - 404-419-3500.
Data Source: First Multiple Listing Services (FMLS)

Features

General

Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Cable Available,Electricity Available,Natural Gas Available,Sewer Available,Water Available
Roof Shingle
Appliances Other
Patio/Porch Features Front Porch,Screened
Architectural Style Cottage,Tudor
Pool Features None
Security Features None
Construction Materials Wood Siding
Year Built 1938
Electric Other
View Neighborhood
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Parcel Number 15 213 03 065
Waterfront Features None
Community Features Dog Park,Near Public Transport,Near Schools,Near Shopping,Park,Playground,Sidewalks
Accessibility None
County Dekalb - GA
Property Type Residential
HOA false
Energy Efficient None
Subdivision Name Oakhurst
Green Energy Generation None
Other Structures None
Full Baths 1
Status Active
Directions At the corner of 3rd Ave and E Lake Dr. Driveway on 3rd Ave
High School Decatur
City Decatur
Body of Water None
Spa Features None
Elementary School Oakhurst/Fifth Avenue
Property Attached Y/N false
Land Lease Y/N false
Tax Annual Amount 7245
Home Warranty Y/N false
Middle/Junior High School Beacon Hill
Property Condition Resale
Standard Status Active
Freehold IDX
Corporate Owner Sold As/Is

Interior Features

Interior Amenities Other
Basement None
Flooring Carpet,Other
Total Fireplaces 1
Fireplace Features Living Room
Common Walls No Common Walls
Window Features Wood Frames
Laundry Features Main Level
Total Bedrooms 3
Room Type Attic
Main Level Bedrooms 3
Main Level Bathrooms 1
Kitchen Features Other
Total Baths 1
RoomBedroomFeatures Master on Main
Primary Bathroom Features Other
Dining Room Features Open Concept

Exterior Features

Exterior Amenities Awning(s),Private Yard
Fencing Back Yard
Parking Features Covered,Driveway
Lot Features Corner Lot,Level,Rectangular Lot
Water Source Public
Foundation Details Brick/Mortar
Building Area Total 943
Lot Dimensions 150 x 75
Lot Size Acres 0.27
Road Surface Type Asphalt
Lot Size Source Public Records
Road Frontage Type City Street
Other Equipment None
Horse Amenities None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Mableton, GA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Oakhurst/Fifth Avenue Elementary School
Middle School Beacon Hill Middle School
High School Decatur High School

Price History

9/1/2026 Listed $700,000

Property vs Zip Code Average in 30030

Statistics provided by Kunversion

Price
AVG $890K
$700K
Taxes
AVG $10,887
$7,245
Year Built
AVG 1969
1938

Areas That We Cover

507 E Lake Drive Decatur, GA is a Single Family Home for sale at $700000 and a lot size of 0.27 Acres Acre(s). 507 E Lake Drive Decatur has 3 bedrooms, 1 baths and was built in 1938. The property's zip code is 30030 which is in Decatur, GA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.