501 Timber Ridge Ct Lawrenceville, GA 30046
Estimated payment $3,346/month
Highlights
- View of Trees or Woods
- Double Pane Windows
- Four Sided Brick Exterior Elevation
- Cul-De-Sac
- 1-Story Property
- Luxury Vinyl Tile Flooring
About This Home
Excellent investment opportunity! This income-producing property features long-term tenants and a solid 4-sided brick building. Each spacious unit offers 2 bedrooms and 2 baths. With no HOA fees and strong cash flow, this property is a great addition to any portfolio. Please do not disturb tenants—. Conveniently located near Hwy 316 and downtown Lawrenceville, with easy access to hospitals, restaurants, schools, parks, and shopping.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,691
Year Built
- Built in 1986
Lot Details
- 0.32 Acre Lot
- Cul-De-Sac
- Level Lot
Home Design
- Duplex
- Composition Roof
- Four Sided Brick Exterior Elevation
Interior Spaces
- 1-Story Property
- Ceiling Fan
- Double Pane Windows
- Luxury Vinyl Tile Flooring
- Views of Woods
Parking
- 4 Parking Spaces
- Driveway Level
Schools
- Simonton Elementary School
- Jordan Middle School
- Central Gwinnett High School
Utilities
- Forced Air Heating and Cooling System
- Phone Available
- Cable TV Available
Community Details
- 2 Units
- Forest East Subdivision
Listing and Financial Details
- Assessor Parcel Number R5148 296
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2023 | $5,691 | $122,480 | $17,600 | $104,880 |
| 2022 | $1,908 | $122,480 | $17,600 | $104,880 |
| 2021 | $1,950 | $59,440 | $12,400 | $47,040 |
| 2020 | $2,133 | $59,440 | $12,400 | $47,040 |
| 2019 | $2,128 | $59,440 | $12,400 | $47,040 |
| 2018 | $1,724 | $49,360 | $10,800 | $38,560 |
| 2016 | $1,732 | $49,360 | $10,800 | $38,560 |
| 2015 | $853 | $24,000 | $4,800 | $19,200 |
| 2014 | $860 | $24,000 | $4,800 | $19,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/15/2025 03/15/25 | Price Changed | $520,000 | +2.0% | -- |
| 02/25/2025 02/25/25 | Price Changed | $510,000 | -2.9% | -- |
| 11/27/2024 11/27/24 | For Sale | $525,000 | +17.2% | -- |
| 07/06/2023 07/06/23 | Sold | $447,898 | -0.4% | $203 / Sq Ft |
| 06/08/2023 06/08/23 | Pending | -- | -- | -- |
| 06/04/2023 06/04/23 | For Sale | $449,900 | -- | $204 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $447,898 | -- | |
| Warranty Deed | -- | -- | |
| Foreclosure Deed | $30,001 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $335,923 | New Conventional | |
| Previous Owner | $127,100 | Stand Alone Second |
Source: First Multiple Listing Service (FMLS)
MLS Number: 7540020
APN: 5-148-296
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