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  • $475,000

    1050 Falling Water Ln, Norcross, GA 30093

    7beds
    3,054sqft
    Single Family Residence
    Built in 1993
    7,405 Square Feet Lot
    $455,100 Zestimate®
    $156/sqft
    $3,065 Estimated rent

    Home value

    $455,100

    $432,000 - $478,000

    $3,065/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Yousun Song 213-700-3457,

    The Promise Realty Group

    Bought with:

    Patricia Amiama, 439042

    eXp Realty

    Source: GAMLS,MLS#: 10373663MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    • Full bathrooms: 4
    • Main level bathrooms: 2
    • Main level bedrooms: 3
    Rooms
    • Room types: Family Room, Laundry
    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 Square Feet
    • 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 & HOA

    Community
    • Features: Park, Near Public Transport, Walk To Schools, Near Shopping
    • Security: Smoke Detector(s)
    • Subdivision: Parklake
    HOA
    • Has HOA: No
    • Services included: None
    Location
    • Region: Norcross

    Financial & listing details

    • Price per square foot: $156/sqft
    • Tax assessed value: $463,500
    • Annual tax amount: $6,080
    • Date on market: 9/7/2024
    • Cumulative days on market: 41 days
    • Listing agreement: Exclusive Right To Sell
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    11/20/2024Sold$475,000-3.1%$156/sqft
    Source: GAMLS #10373663 Report a problem
    10/18/2024Pending sale$490,000$160/sqft
    Source: GAMLS #10373663 Report a problem
    10/1/2024Price change$490,000-3.9%$160/sqft
    Source: GAMLS #10373663 Report a problem
    9/8/2024Listed for sale$510,000+22.3%$167/sqft
    Source: FMLS GA #7452260 Report a problem
    6/26/2023Sold$417,000+4.3%$137/sqft
    Source: Public Record Report a problem
    5/16/2023Pending sale$399,900$131/sqft
    Source: GAMLS #10158595 Report a problem
    5/11/2023Listed for sale$399,900+48.1%$131/sqft
    Source: FMLS GA #7215493 Report a problem
    11/30/2020Sold$270,000+6.3%$88/sqft
    Source: FMLS GA #6803376 Report a problem
    11/9/2020Pending sale$253,900$83/sqft
    Source: America Realty Center, Inc. #6803376 Report a problem
    11/1/2020Listed for sale$253,900+49.4%$83/sqft
    Source: America Realty Center, Inc. #6803376 Report a problem
    6/26/2017Sold$170,000-2.8%$56/sqft
    Source: FMLS GA #5837825 Report a problem
    5/24/2017Pending sale$174,900$57/sqft
    Source: MUSTANG PROPERTIES #5837825 Report a problem
    4/25/2017Listed for sale$174,900+88.3%$57/sqft
    Source: MUSTANG PROPERTIES #5837825 Report a problem
    8/21/2013Listing removed$92,900$30/sqft
    Source: Atlantic Realty #5126392 Report a problem
    8/1/2013Listed for sale$92,900$30/sqft
    Source: Atlantic Realty #5126392 Report a problem
    7/31/2013Sold$92,900-27.2%$30/sqft
    Source: FMLS GA #5126392 Report a problem
    5/15/2013Listed for sale$127,600$42/sqft
    Source: Atlantic Realty #5126392 Report a problem
    4/9/2013Listing removed$127,600$42/sqft
    Source: Homepath #5126392 Report a problem
    3/26/2013Listed for sale$127,600-21.1%$42/sqft
    Source: Homepath Report a problem
    1/2/2013Sold$161,711+41%$53/sqft
    Source: Public Record Report a problem
    9/17/1993Sold$114,700$38/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,858 +9.3%$185,400 +11.2%
    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%
    2021$3,714 +32.1%$94,200 +15.2%
    2020$2,812 $81,800 +20.3%
    2019-- $68,000
    2018$2,432 +35.4%$68,000 +61.1%
    2016$1,796 +9.9%$42,200 +13.6%
    2015$1,634 $37,160
    2014$1,634 +175.9%$37,160 +14.7%
    2013$592 $32,400
    2012-- $32,400 -34.1%
    2011-- $49,200 -29.8%
    2010-- $70,080
    2009-- $70,080
    2007-- $70,080 +11.1%
    2006-- $63,080
    2005-- $63,080
    2004$260 -0.2%$63,080
    2003$261 -83.4%$63,080
    2002$1,569 +5.1%$63,080 +12.7%
    2001$1,492 $55,960
    Find assessor info on the county website

    Neighborhood: 30093

    Nearby schools

    GreatSchools rating
    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
    $455,100
    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
    $455,100