Active$350,000
3 bd2 ba1,887 SFSingle-family home
487 Magnolia Drive
Pine Lake, GA 30072 · Pine Lake · 6 days listed
FMLS #7853712 · Listing Provided By Compass · 404-668-6621
Active Under Contract33 days listed
449 Magnolia Drive, Pine Lake, GA 30072
- 2bd
- 1ba
- 1,367SF
- 0.18ac lot
FMLS #7843808 · Listing Provided By Compass · 404-668-6621 · Listing agent Kyle Jackson
About this home
Welcome home to Pine Lake, Atlanta's best-kept secret. This community is tucked away between Decatur & Stone Mountain and centered on a lake complete with walking trails and wetlands. The city hosts a yearly festival that focuses on art, music, & family activities (happening soon--October 3rd & 4th). This spacious two bedroom home is ready for you to make it your own. As you make your way into the tiled entryway and through the large open living space you’ll find a convenient bonus room that would make a perfect office. The kitchen has an abundance of natural light and leads directly out to the back porch; a great place for your morning coffee. The fenced in back yard has lots of space for your furry friends to roam around. The HVAC system was just replaced, and the refrigerator and stove are also new. It features has an attached garage and a separate laundry room. This home has been well-maintained and well-loved. It feels like a retreat from the rush of city life even though it’s only a few minutes off the highway. Come and experience what Pine Lake has to offer!
How this list price compares in Pine Lake
- 4 homes for sale in Pine Lake.
- All 4 homes for sale in Pine Lake, GA.
- 3,375 homes for sale in DeKalb County.
Figures are list prices from current FMLS IDX inventory (Active, Active Under Contract and Pending), not sales prices or appraisals.
Home facts
- Property type
- Single-family home
- Status
- Active Under Contract
- Bedrooms
- 2
- Full baths
- 1
- Living area
- 1,367 SF
- Lot size
- 0.18 acres
- Year built
- 1940
- Levels
- One
- Main-level bedrooms
- 2
- Garage spaces
- 1
- Parking
- Driveway, Garage
- Basement
- Crawl Space
- Style
- Ranch
- Construction
- Wood Siding
- Roof
- Composition
- Flooring
- Laminate, Wood
- Heating
- Central
- Cooling
- Electric
- Appliances
- Dryer, Electric Oven, Microwave, Refrigerator, Washer
- Lot
- Back Yard
- Community
- Clubhouse, Fishing, Lake, Park, Playground
- HOA
- No
- Annual tax
- $2,736 (2025)
- County
- DeKalb
Assigned schools
- HighStone Mountain
- MiddleStone Mountain
- ElementaryRockbridge - Dekalb
As reported in the listing. Verify with the school district.
Payment estimate
Estimate the monthly payment
Prefilled with the list price of $185,000 and this week's average rate. Change anything to see your number.
Estimated monthly payment
$1,566/mo
- Principal and interest
- $1,144
- Property tax
- $228
- Home insurance
- $125
- Mortgage insurance
- $69
- HOA dues
- $0
- Loan amount
- $166,500
- Cash down
- $18,500
This is an estimate only. Not a lender, not a loan offer and not a rate quote. Rates: Freddie Mac PMMS weekly average for 2026-10-22: 30-yr 7.32%, 15-yr 6.68%. Tax uses the annual tax amount in the listing; insurance assumes $1,500 a year. Conventional adds 0.5% a year mortgage insurance under 20% down; FHA uses 3.5% minimum down, a 1.75% upfront premium financed and 0.55% a year MIP; VA adds a 2.15% funding fee financed under 5% down and no monthly MI. Talk to a licensed lender for a real quote.
Similar homes for sale in Pine Lake
Active
Active$685,000
4 bd4 ba3,434 SFSingle-family home
4621 Lakeshore Drive
Pine Lake, GA 30072 · Pine Lake · 285 days listed
FMLS #7704826 · Listing Provided By ERA Foster & Bond · 770-720-1515
Active$775,000
4 bd4 ba3,898 SFSingle-family home
4553 Park Drive
Pine Lake, GA 30072 · Pine Lake · 19 days listed
FMLS #7851195 · Listing Provided By Harry Norman REALTORS · 404-897-5558
Beyond homes
Also exploring Georgia investment real estate?
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Other property types for sale
- apartment buildings for sale in GAApartment buildings and complexes for sale across Georgia.
- multifamily investment opportunities in GeorgiaDuplexes to large complexes, with screening cap rates on each building.
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- apartment buildings for sale in AtlantaApartment buildings for sale inside the City of Atlanta.
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Investor research and tools
- apartment cap rates in GeorgiaMedian screening cap rates on Georgia and Atlanta apartment asks, with sample sizes.
- NOI for apartment buildingsHow NOI is built on an apartment building, line by line, and where listing NOI goes wrong.
- debt service coverage ratio explainedDSCR loans for apartment buildings: the 1.25x test, what lenders size on, and Georgia asks.
- apartment building loans explainedConventional, DSCR, bank, agency, bridge and seller financing for apartment and commercial buildings.
- multifamily cap rate calculatorBuild NOI from rents and expenses, then solve for cap rate, price, or value.
- multifamily investment calculatorRent roll, expenses and the loan in one model: NOI, DSCR, cash-on-cash, cash flow, PDF.
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