- 3
- beds
- 1
- baths
- 943
- sqft
- 1938
- year built
- Status:
- Pending
- MLS #:
- 7830846
- Listed By:
- David Mitchell - Keller Williams Realty Peachtree Rd.
- Agent Phone:
- (404) 422-7100
- Agent Email:
- DavidMitchell@kw.com
Sponsoring Broker: Christine Eisenberg, Continental Real Estate Group, Inc
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!
-
- Bedrooms
- 3
-
- Bathrooms
- 1
-
- Year Built
- 1938
-
- Architectural Style
- Cottage, Tudor
-
- Construction Materials
- Wood Siding
-
- Foundation
- Brick/Mortar
-
- Parking Features
- Driveway, Covered
-
- Interior Features
- Master Downstairs, Other
-
- Appliances
- Other
-
- Flooring
- Carpet, Other
-
- Exterior Features
- Awning(s), Private Yard
-
- Patio And Porch
- Screened, Front Porch
-
- Pool Features
- None
-
- Cooling
- Central Air
-
- Heating
- Forced Air
-
- Basement
- None
-
- Acres
- 0.27
-
- Lot Features
- Level, Corner Lot, Rectangular Lot
-
- View
- Neighborhood
-
- Utilities
- Cable Available, Sewer Available, Electricity Available, Water Available, Natural Gas Available
-
- Water
- Public
-
- County
- DeKalb
-
- City
- Decatur
-
- Neighborhood
- Oakhurst
-
- Zip Code
- 30030
-
- High School
- Decatur
-
- Middle School
- Beacon Hill
-
- Elementary School
- Oakhurst/Fifth Avenue
-
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Estimated Value
$561,085
Estimated Sales Price Range:
$432,035 - $690,134
Source: Constellation Data Labs
Price History
| 09/01/2026 | Listed | $700,000 |
| Source: Georgia MLS #10837617 | ||
| 09/01/2026 | Listed | $700,000 |
| Source: First Multiple Listing Service (FMLS) #7830846 | ||
Source: MLS Data
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Similar Listings
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There are currently 120 properties available in Decatur, with 6 under contract to close soon. Properties in the city have an average sale price of $662,278 and typically spend 73 days on the market before being sold.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 507 E Lake Dr?
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They know residentials in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 507 E Lake Dr?
Click Ask a Question to talk with our team. You already know it is a 3 bed, 1 bath, listed for $700,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Decatur, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 507 E Lake Dr?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 507 E Lake Dr at around $4,587. This includes estimated property taxes and insurance.
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How do I get pre-approved to buy 507 E Lake Dr?
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Can I negotiate the asking price for 507 E Lake Dr?
In most cases, yes. Whether 507 E Lake Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Decatur's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 507 E Lake Dr?
We can handle that for you. Our preferred local agent specializes in residentials in Decatur and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $700,000 with 943 sqft of space—that comes out to approximately $742 per square foot.
How long has this property been on the market?
507 E Lake Dr was listed on September 01, 2026, which means it's been on the market for 72 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1938, making it approximately 88 years old.
What is the lot size of this property?
507 E Lake Dr sits on a 0.27-acre lot, which is 11,761 square feet.
What schools are assigned to this property?
Based on MLS info, this home is zoned for:
- Elementary: Oakhurst/Fifth Avenue
- Middle: Beacon Hill
- High: Decatur
Want to see how these schools compare? Check out our DeKalb County School Guide to see ratings, reviews, and more for the schools in the area.
What are the property taxes for 507 E Lake Dr?
The most recent public record shows annual property taxes for 507 E Lake Dr were approximately $7,245. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 507 E Lake Dr still available for sale?
This home is pending sale, which means the seller has accepted an offer. You can favorite it to track status or ask our expert to help you find similar homes in this area. We'll also let you know if this property comes back on the market.
Source: ez Home Search, MLS Data
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Listing information provided exclusively 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. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, First Multiple Listing Service (FMLS). All rights reserved.
Last Updated: November 12, 2026 at 05:10PM | Source: First Multiple Listing Service (FMLS) | MLS#: 7830846
