507 E Lake Drive

Decatur, GA
$ 700,000 Beds 3 Baths 1 Sq 943
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
  • Sqr Footage
  • 943
  • Year Built
  • 1938
  • Taxes
  • $ 7245
  • Style
  • Tudor
  • MLS#
  • 10837617
Listed By: David R Mitchell with Keller Williams Realty PeachtreeRoad;
Data Source: Georgia MLS (GAMLS)

Features

General

Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Cable Available,Electricity Available,High Speed Internet,Natural Gas Available,Phone Available,Sewer Available,Sewer Connected,Water Available
Roof Composition
Appliances Range
Association Fee Includes None
Architectural Style Tudor
Construction Materials Wood Siding
Year Built 1938
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Community Features Park,Playground,Sidewalks,Tennis Court(s),Near Public Transport,Walk To Schools,Near Shopping
County DeKalb
New Construction false
Property Type Residential
HOA false
Attached Garage false
Subdivision Name Oakhurst
Garage Y/N false
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
Lot Size Units Square Feet
Lot Size Square Feet 11761.2
Carport Y/N false
Elementary School Oakhurst
Land Lease Y/N false
Tax Annual Amount 7245
Home Warranty Y/N false
Middle/Junior High School Beacon Hill
Property Condition Resale
Structure Type House
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active

Interior Features

Interior Amenities Master On Main Level
Basement Crawl Space
Flooring Carpet,Other
Total Fireplaces 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Above Grade Finished Area 943
Laundry Features In Garage
Total Bedrooms 3
Main Level Bedrooms 3
Main Level Bathrooms 1
Below Grade Finished Area Unit Type Square Feet
LivingAreaSource Public Records
Above Grade Finished Area Unit Type Square Feet
Total Baths 1

Exterior Features

Parking Features Off Street
Lot Features Corner Lot,Level
Water Source Public
Lot Size Area 11761.2
Building Area Total 943
Lot Size Acres 0.27
Lot Size Source Public Records

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 Statesboro, 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 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

Price
AVG $900K
$700K
Taxes
AVG $10,987
$7,245
Year Built
AVG 1968
1938

Areas That We Cover

507 E Lake Drive Decatur, GA is a Single Family Home for sale at $700000 with 943 sqft 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.