Y
Seller's Agent in 2024
Yousun Song
The Promise Realty Group
(213) 700-3457
2 in this area
20 Total Sales
1050 Falling Water Ln Norcross, GA 30093
7
Beds
4
Baths
3,054
Sq Ft
7,405
Sq Ft Lot
Highlights
- Dining Room Seats More Than Twelve
- Deck
- Private Lot
- McClure Health Science High School Rated A-
- Property is near public transit
- Vaulted Ceiling
About This Home
As of November 2024Great 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.
Last Agent to Sell the Property
The Promise Realty Group License #421674 Listed on: 09/07/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,080
Year Built
- Built in 1993
Lot Details
- 7,405 Sq Ft Lot
- Back Yard Fenced
- Private Lot
- Level Lot
- Garden
Home Design
- Traditional Architecture
- Slab Foundation
- Composition Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Roommate Plan
- Wet Bar
- Tray Ceiling
- Vaulted Ceiling
- Ceiling Fan
- Gas Log Fireplace
- Double Pane Windows
- Family Room with Fireplace
- Dining Room Seats More Than Twelve
- Formal Dining Room
- Pull Down Stairs to Attic
- Fire and Smoke Detector
Kitchen
- Microwave
- Dishwasher
- Solid Surface Countertops
- Disposal
Flooring
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- Split Bedroom Floorplan
- In-Law or Guest Suite
- Double Vanity
Laundry
- Laundry Room
- Laundry in Hall
- Laundry in Kitchen
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Finished Basement Bathroom
- Natural lighting in basement
Outdoor Features
- Deck
Location
- Property is near public transit
- Property is near schools
- Property is near shops
Schools
- Ferguson Elementary School
- Louise Radloff Middle School
- Meadowcreek High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- 220 Volts
- Gas Water Heater
- High Speed Internet
- Phone Available
- Cable TV Available
Community Details
Overview
- No Home Owners Association
- Parklake Subdivision
Recreation
- Park
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 7, 2024
Closed on
Nov 20, 2024
Sold by
Baek Young Gwang
Bought by
Kazi Ershad
Seller's Agent
Yousun Song
The Promise Realty Group
Buyer's Agent
Patricia Amiama
eXp Realty
List Price
$510,000
Sold Price
$475,000
Premium/Discount to List
-$35,000
-6.86%
Views
83
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,776
Avg. Annual Appreciation
1.82%
Original Mortgage
$451,250
Outstanding Balance
$447,102
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$35,674
Purchase Details
Listed on
May 11, 2023
Closed on
Jun 23, 2023
Sold by
Tian Dong
Bought by
Baek Young Gwang and Baek Jiin
Seller's Agent
Claire Shoener
OneDoor Inc.
Buyer's Agent
Yousun Song
The Promise Realty Group, LLC
List Price
$399,900
Sold Price
$417,000
Premium/Discount to List
$17,100
4.28%
Views
95
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.68%
Original Mortgage
$376,525
Interest Rate
6.37%
Mortgage Type
FHA
Purchase Details
Listed on
Nov 1, 2020
Closed on
Nov 30, 2020
Sold by
Yang Gui Ping
Bought by
Tian Dong
Seller's Agent
Sindy li
Virtual Properties Realty.Net, LLC.
Buyer's Agent
Haiyan Lin
Virtual Properties Realty.com
List Price
$253,900
Sold Price
$270,000
Premium/Discount to List
$16,100
6.34%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.51%
Purchase Details
Listed on
Apr 25, 2017
Closed on
Jun 26, 2017
Sold by
Chen Yan
Bought by
Yang Gui Ping
Seller's Agent
Heidi Wang
Mustang Properties
Buyer's Agent
Sindy li
Virtual Properties Realty.Net, LLC.
List Price
$174,900
Sold Price
$170,000
Premium/Discount to List
-$4,900
-2.8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.44%
Original Mortgage
$110,500
Interest Rate
5.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 23, 2015
Sold by
Zeng Zhaoxi
Bought by
Chen Yan
Purchase Details
Listed on
Mar 25, 2013
Closed on
Jul 31, 2013
Sold by
Federal National Mortgage Association
Bought by
Zeng Zhaoxi
Seller's Agent
THE KURZNER GROUP
Resideum Real Estate
Buyer's Agent
Jade Chu
Chapman Hall Realty
List Price
$127,600
Sold Price
$92,900
Premium/Discount to List
-$34,700
-27.19%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.45%
Purchase Details
Closed on
Jan 2, 2013
Sold by
Kruger Robert J
Bought by
Federal National Mtg Associati
Purchase Details
Closed on
Aug 27, 1993
Sold by
Pineland Homes Inc
Bought by
Kruger Robert J Lois E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,630
Interest Rate
7.22%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $475,000 | -- | |
| Warranty Deed | $417,000 | -- | |
| Warranty Deed | $270,000 | -- | |
| Warranty Deed | $170,000 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $92,900 | -- | |
| Foreclosure Deed | $161,711 | -- | |
| Deed | $114,700 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $451,250 | New Conventional | |
| Previous Owner | $376,525 | FHA | |
| Previous Owner | $110,500 | New Conventional | |
| Previous Owner | $112,630 | FHA |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/20/2024 11/20/24 | Sold | $475,000 | -3.1% | $156 / Sq Ft | |
| 10/10/2024 10/10/24 | Pending | -- | -- | -- | |
| 10/01/2024 10/01/24 | Price Changed | $490,000 | -3.9% | $160 / Sq Ft | |
| 09/07/2024 09/07/24 | For Sale | $510,000 | +22.3% | $167 / Sq Ft | |
| 06/23/2023 06/23/23 | Sold | $417,000 | +4.3% | $111 / Sq Ft | View Prior Sale |
| 05/11/2023 05/11/23 | For Sale | $399,900 | +48.1% | $106 / Sq Ft | |
| 11/30/2020 11/30/20 | Sold | $270,000 | +6.3% | $121 / Sq Ft | View Prior Sale |
| 11/04/2020 11/04/20 | Pending | -- | -- | -- | |
| 11/01/2020 11/01/20 | For Sale | $253,900 | +49.4% | $114 / Sq Ft | |
| 06/26/2017 06/26/17 | Sold | $170,000 | -2.8% | $76 / Sq Ft | View Prior Sale |
| 05/24/2017 05/24/17 | Pending | -- | -- | -- | |
| 04/25/2017 04/25/17 | For Sale | $174,900 | +88.3% | $78 / Sq Ft | |
| 07/31/2013 07/31/13 | Sold | $92,900 | -27.2% | $42 / Sq Ft | View Prior Sale |
| 06/12/2013 06/12/13 | Pending | -- | -- | -- | |
| 03/25/2013 03/25/13 | For Sale | $127,600 | -- | $57 / Sq Ft |
Source: Georgia MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,274 | $166,800 | $24,000 | $142,800 |
| 2023 | $6,274 | $161,320 | $23,200 | $138,120 |
| 2022 | $4,980 | $131,280 | $23,200 | $108,080 |
| 2021 | $3,714 | $94,200 | $13,200 | $81,000 |
| 2020 | $2,812 | $81,800 | $13,200 | $68,600 |
| 2019 | $2,432 | $68,000 | $13,200 | $54,800 |
| 2018 | $2,430 | $68,000 | $13,200 | $54,800 |
| 2016 | $1,796 | $42,200 | $8,000 | $34,200 |
| 2015 | $1,634 | $37,160 | $8,000 | $29,160 |
| 2014 | -- | $37,160 | $8,000 | $29,160 |
Source: Public Records
Agents Affiliated with this Home
-
Yousun Song
-
Patricia Amiama
P
Buyer's Agent in 2024
Patricia Amiama
eXp Realty
(888) 959-9461
1 in this area
13 Total Sales
-
Claire Shoener
Seller's Agent in 2023
Claire Shoener
OneDoor Inc.
(470) 899-3300
4 in this area
219 Total Sales
-
Sindy li
Seller's Agent in 2020
Sindy li
Virtual Properties Realty
(678) 702-1828
1 in this area
54 Total Sales
-
Haiyan Lin
Buyer's Agent in 2020
Haiyan Lin
Virtual Properties Realty.com
(678) 231-5389
1 in this area
40 Total Sales
-
Heidi Wang
Seller's Agent in 2017
Heidi Wang
Mustang Properties
(404) 247-6913
1 in this area
18 Total Sales
Map
Source: Georgia MLS
MLS Number: 10373663
APN: 6-174-565
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.
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