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$510,000

Beds
7
Baths
4.0
sq ft
3,054

1050 Falling Water Ln, Norcross, GA 30093

1050 Falling Water Ln

Norcross, GA 30093

  • 22 days on market
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.

Details

Property type

Single Family Residence

Est. home value

$372,683

Lot size

7,405 sq ft

Price per sq ft

$167

Year built

1993

Annual property taxes

$6,080

HOA

No

Price History

09/07/2024
FMLS

FMLS #7452260

Listed
$510,000
+22.3%
06/23/2023
FMLS

FMLS #7215493

Sold
$417,000
+54.44%
11/30/2020
FMLS

FMLS #6803376

Sold
$270,000
+58.82%

Schools & Community

Elementary school: 

Ferguson

Middle school: 

Radloff

High school: 

Meadowcreek

Community features: 

Park, Restaurant

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$139,980
Asking price
$510,000
Closing costs (~8% of asking)
-$40,800
Est. remaining loan balance
-$329,220
Cash to seller
$139,980

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Index Tax And Financial Trustee

Loan start date

August 2022

Original loan amount

$350,000

Est. remaining balance

$329,220

Interest rate

5.7%

Loan type

New Conventional, 20 year

Seller

Runto Real Estate Grp Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/29/2024 at 3:25 AM

Listing updated: 09/23/2024 at 11:28 AM

Listed by: Yousun Song, The Promise Realty Group, LLC Phone #: (678) 677-3547

MLS: FMLS #7452260

FMLS logo

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