Great INVESTMENT opportunity with furnishings and tenants included. New laminate floor. Welcome to this unique and versatile single-family home in Norcross, GA, offering an incredible investment opportunity or a perfect fit for a large family or roommates. Located just minutes from I-85, schools, and shopping, this property combines convenience with exceptional rental potential. Boasting 7 bedrooms and 4 bathrooms, this expansive home features two full kitchens and an additional kitchenette and two laundries; one in each floor, making it ideal for multi-generational living or shared housing. With three separate entries, the layout provides privacy and independence for everyone, whether you're accommodating tenants, roommates, or extended family members. Currently leased and generating a monthly rental income of $3,600 with half occupancy, this property has the potential to bring in up to $5,000 per month with full occupancy. Tenants are flexible and can either stay or vacate based on the new owner's preference, offering you the flexibility to maintain the current arrangement or customize the home to your needs. The property's proximity to major highways, schools, and shopping centers ensures that you'll always be close to all essential amenities. Whether you're looking to maximize your rental income or searching for a home that can comfortably accommodate a large household, this property is an outstanding opportunity. Don't miss out on this versatile home with impressive investment potential.
Closed
$475,000
1050 Falling Water Ln, Norcross, GA 30093
7beds
3,054sqft
Single Family Residence
Built in 1993
7,405.2 Square Feet Lot
$464,500 Zestimate®
$156/sqft
$3,120 Estimated rent
Home value
$464,500
$427,000 - $506,000
$3,120/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 27, 2024 at 06:57am
Listed by:
Yousun Song 213-700-3457,
The Promise Realty Group
Bought with:
Patricia Amiama, 439042
eXp Realty
Source: GAMLS,MLS#: 10373663
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 2
- Main level bedrooms: 3
Dining room
- Features: Seats 12+, Separate Room
Kitchen
- Features: Pantry, Solid Surface Counters
Heating
- Forced Air, Natural Gas, Zoned
Cooling
- Ceiling Fan(s), Central Air, Electric, Zoned
Appliances
- Included: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Refrigerator, Washer
- Laundry: In Hall, In Kitchen
Features
- Double Vanity, High Ceilings, In-Law Floorplan, Roommate Plan, Split Bedroom Plan, Tray Ceiling(s), Vaulted Ceiling(s), Wet Bar
- Flooring: Laminate, Tile, Vinyl
- Windows: Double Pane Windows
- Basement: Bath Finished,Daylight,Exterior Entry,Finished,Full
- Attic: Pull Down Stairs
- Number of fireplaces: 1
- Fireplace features: Family Room, Gas Log, Gas Starter
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,054
- Total interior livable area: 3,054 sqft
- Finished area above ground: 1,577
- Finished area below ground: 1,477
Property
Parking
- Parking features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Garden
- Fencing: Back Yard,Fenced,Wood
- Body of water: None
Lot
- Size: 7,405 sqft
- Features: Level, Private
Details
- Parcel number: R6174 565
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1993
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Water Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Park, Near Public Transport, Walk To Schools, Near Shopping
Location
- Region: Norcross
- Subdivision: Parklake
HOA & financial
HOA
- Has HOA: No
- Services included: None
Other
Other facts
- Listing agreement: Exclusive Right To Sell
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2024 | Sold | $475,000-3.1%$156/sqft |
Source:  GAMLS #10373663 | ||
| 10/18/2024 | Pending sale | $490,000$160/sqft |
Source: GAMLS #10373663 | ||
| 10/1/2024 | Price change | $490,000-3.9%$160/sqft |
Source: GAMLS #10373663 | ||
| 9/8/2024 | Listed for sale | $510,000+22.3%$167/sqft |
Source:  FMLS GA #7452260 | ||
| 6/26/2023 | Sold | $417,000+4.3%$137/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,274 +3.2% | $166,800 +3.4% |
| 2023 | $6,080 +22.1% | $161,320 +22.9% |
| 2022 | $4,980 +34.1% | $131,280 +39.4% |
Find assessor info on the county website
Neighborhood: 30093
Nearby schools
GreatSchools rating
- 3/10Ferguson Elementary SchoolGrades: PK-5Distance: 2.8 mi
- 4/10Louise Radloff Middle SchoolGrades: 6-8Distance: 2.1 mi
- 3/10Meadowcreek High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Ferguson
- Middle: Louise Radloff
- High: Meadowcreek
Source: GAMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$464,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$464,500