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, Residential
Built in 1993
7,405.2 Square Feet Lot
$461,800 Zestimate®
$156/sqft
$3,025 Estimated rent
Home value
$461,800
$434,000 - $494,000
$3,025/mo
Zestimate® history
Owner options
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$2,919/mo
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Zillow last checked:
Listing updated:
Listing Provided by:
Yousun Chae,
The Promise Realty Group, LLC
Bought with:
Patricia Amiama Laguardia, 439042
EXP Realty, LLC.
Source: FMLS GA,MLS#: 7452260
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Features: In-Law Floorplan, Roommate Floor Plan, Split Bedroom Plan
- Level: In-Law Floorplan, Roommate Floor Plan, Split Bedroom Plan
Bedroom
- Features: In-Law Floorplan, Roommate Floor Plan, Split Bedroom Plan
Primary bathroom
- Features: Double Vanity, Separate Tub/Shower
Dining room
- Features: Seats 12+, Separate Dining Room
Kitchen
- Features: Cabinets White, Pantry, Solid Surface Counters
Heating
- Forced Air, Natural Gas, Zoned
Cooling
- Ceiling Fan(s), Central Air, Electric, Zoned
Appliances
- Included: Dishwasher, Disposal, Dryer, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
- Laundry: In Kitchen, Laundry Room, Lower Level, Main Level
Features
- Double Vanity, Entrance Foyer 2 Story, High Ceilings 9 ft Main, High Speed Internet, Tray Ceiling(s), Vaulted Ceiling(s), Wet Bar
- Flooring: Laminate, Tile
- Windows: Double Pane Windows, Insulated Windows
- Basement: Daylight,Exterior Entry,Finished,Finished Bath,Full,Walk-Out Access
- Attic: Pull Down Stairs
- Number of fireplaces: 1
- Fireplace features: Factory Built, 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: Driveway, On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Garden, Private Yard
- Pool features: None
- Spa features: None
- Fencing: Back Yard,Fenced,Wood
- Has view: Yes
- View description: Neighborhood
- Waterfront features: None
- Body of water: None
Lot
- Size: 7,405 sqft
- Features: Back Yard, Front Yard, Level
Details
- Additional structures: None
- Parcel number: R6174 565
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1993
Utilities & green energy
- Electric: 110 Volts, 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Near Public Transport, Near Schools, Near Shopping, Park, Restaurant
Location
- Region: Norcross
- Subdivision: Parklake
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2024 | Sold | $475,000-3.1%$156/sqft |
Source:  FMLS GA #7452260 Report a problem | ||
| 10/18/2024 | Pending sale | $490,000$160/sqft |
Source:  GAMLS #10373663 Report a problem | ||
| 10/1/2024 | Price change | $490,000-3.9%$160/sqft |
Source: GAMLS #10373663 Report a problem | ||
| 9/8/2024 | Listed for sale | $510,000+22.3%$167/sqft |
Source: FMLS GA #7452260 Report a problem | ||
| 6/26/2023 | Sold | $417,000+4.3%$137/sqft |
Source: Public Record Report a problem | ||
| 5/16/2023 | Pending sale | $399,900$131/sqft |
Source: GAMLS #10158595 Report a problem | ||
| 5/11/2023 | Listed for sale | $399,900+48.1%$131/sqft |
Source: FMLS GA #7215493 Report a problem | ||
| 11/30/2020 | Sold | $270,000+6.3%$88/sqft |
Source:  FMLS GA #6803376 Report a problem | ||
| 11/9/2020 | Pending sale | $253,900$83/sqft |
Source: America Realty Center, Inc. #6803376 Report a problem | ||
| 11/1/2020 | Listed for sale | $253,900+49.4%$83/sqft |
Source: America Realty Center, Inc. #6803376 Report a problem | ||
| 6/26/2017 | Sold | $170,000-2.8%$56/sqft |
Source: FMLS GA #5837825 Report a problem | ||
| 5/24/2017 | Pending sale | $174,900$57/sqft |
Source: MUSTANG PROPERTIES #5837825 Report a problem | ||
| 4/25/2017 | Listed for sale | $174,900+88.3%$57/sqft |
Source: MUSTANG PROPERTIES #5837825 Report a problem | ||
| 8/21/2013 | Listing removed | $92,900$30/sqft |
Source: Atlantic Realty #5126392 Report a problem | ||
| 8/1/2013 | Listed for sale | $92,900$30/sqft |
Source: Atlantic Realty #5126392 Report a problem | ||
| 7/31/2013 | Sold | $92,900-27.2%$30/sqft |
Source: FMLS GA #5126392 Report a problem | ||
| 5/15/2013 | Listed for sale | $127,600$42/sqft |
Source: Atlantic Realty #5126392 Report a problem | ||
| 4/9/2013 | Listing removed | $127,600$42/sqft |
Source: Homepath #5126392 Report a problem | ||
| 3/26/2013 | Listed for sale | $127,600-21.1%$42/sqft |
Source: Homepath Report a problem | ||
| 1/2/2013 | Sold | $161,711+41%$53/sqft |
Source: Public Record Report a problem | ||
| 9/17/1993 | Sold | $114,700$38/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
- 5/10Ferguson Elementary SchoolGrades: PK-5Distance: 2.8 mi
- 4/10Louise Radloff Middle SchoolGrades: 6-8Distance: 2.1 mi
- 2/10Meadowcreek High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Elementary: Ferguson
- Middle: Radloff
- High: Meadowcreek
Source: FMLS GA. 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
$461,800
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$461,800
- Georgia
- Gwinnett County
- Norcross
- 30093
- 1050 Falling Water Ln
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