NOT LISTED FOR SALE

5087 Rails Way Norcross, GA 30071

Estimated Value: $338,000 - $345,000

3 Beds
2 Baths
1,694 Sq Ft
$202/Sq Ft Est. Value

Last Sold December 09, 2021

Last sale price $280,000 $165 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,254/month

28 Days on Market

Highlights

  • Ranch Style House
  • Screened Porch
  • Property is near schools
  • Paul Duke STEM High School Rated A+
  • Walk-In Closet
  • Central Air

About This Home

As of December 2021

Tenant occupied investment property. 3 bed 2 bath ranch home with 2 car garage. Just painted and repaired all exterior of the home. Just painted interior, among other updates. New LVT Flooring 2020, No Carpet, only hard services and tile in the home. 30 Year architectural roof was done in 2014. City of Norcross. Tenant lease expires June 2022. Appointment (with advanced notice required).

Last Agent to Sell the Property

BRANDON SMITH

Weichert Realtors Cara and Assoc. License #343950 Listed on: 10/04/2021

Weichert Realtors Cara and Assoc.

Last Buyer's Agent

Eddie Matos

UC Premier Properties License #149427

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,426

Year Built

  • Built in 1985

Lot Details

  • 0.33 Acre Lot
  • Back Yard Fenced

Parking

  • 2 Car Garage

Home Design

  • Ranch Style House
  • Composition Roof

Interior Spaces

  • 1,694 Sq Ft Home
  • Family Room with Fireplace
  • Screened Porch
  • Dishwasher
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Property is near schools
  • Property is near shops

Schools

  • Norcross Elementary School
  • Summerour Middle School
  • Norcross High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Oakbrook Station Subdivision

Listing and Financial Details

  • Assessor Parcel Number R6214 131

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,426

Year Built

Built in 1985

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Condition: Resale
  • Year Built: 1985
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Fireplace Features: Family Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher
  • Interior Amenities: Walk-In Closet(s)
  • Common Walls: No Common Walls
  • Additional Rooms: Other
  • Square Footage: 1694.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 3
  • Bedroom Features: Master on Main
  • Main Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Baths: 2
  • Main Full Bathrooms: 2
  • Master Bathroom Features: Double Vanity

Exterior Features

  • Roof Type: Composition
  • Fencing: Back Yard
  • Patio And Porch Features: Covered, Screened
  • Foundation: None

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Parking Features: Garage

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Main Level
  • Electric: Other

Condo/Co-op/Association

  • Community Features: Near Schools, Near Shopping, Street Lights
  • Subdivision Complex: Oakbrook Station

Schools

  • Elementary School: Norcross
  • Middle School: Summerour
  • High School: Norcross

Lot Info

  • Acres: 0.3300
  • Lot Dimensions: x
  • Parcel Number: R6214 131
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 2426.00
  • Assessor Parcel Number: R6214-131
  • Close Date: 2021-12-09
  • Tax Year: 2020

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Norcross
  • High School: Norcross
  • Middle School: Summerour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2021
Closed on
Dec 9, 2021
Sold by
Freedom Source Properties Llc
Bought by
Duong Binh
Seller's Agent
BRANDON SMITH
Weichert Realtors Cara and Assoc.
Buyer's Agent
Eddie Matos
UC Premier Properties
List Price
$275,000
Sold Price
$280,000
Premium/Discount to List
$5,000
1.82%
Total Days on Market
28
Current Estimated Value
$341,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,487
Avg. Annual Appreciation
5.84%
Original Mortgage
$224,000
Outstanding Balance
$207,800
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$133,687

Purchase Details

Closed on
Jan 27, 2011
Sold by
Wells Fargo Trust 2005-3
Bought by
Freedom Source Properties Llc

Purchase Details

Closed on
Aug 3, 2010
Sold by
Serbia Jorge and Serbia Jorge A
Bought by
Wells Fargo Trust 2005-3

Purchase Details

Closed on
May 31, 2001
Sold by
Walker Robert E
Bought by
Serbia Jorge and Serbia Teresa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,800
Interest Rate
7.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 1996
Sold by
Damron Richard F
Bought by
Walker Robert E
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Duong Binh $280,000 --
Freedom Source Properties Llc $40,000 --
Wells Fargo Trust 2005-3 $61,625 --
Serbia Jorge $122,000 --
Walker Robert E $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duong Binh $224,000
Previous Owner Freedom Source Properties Llc $78,880
Previous Owner Serbia Jorge $120,000
Previous Owner Serbia Jorge $109,800
Closed Walker Robert E $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2021 12/09/21 Sold $280,000 +3.7% $165 / Sq Ft
10/28/2021 10/28/21 Price Changed $270,000 -1.8% $159 / Sq Ft
10/04/2021 10/04/21 For Sale $275,000 -- $162 / Sq Ft
Source: First Multiple Listing Service (FMLS)

Tax History Compared to Growth

Source: Public Records

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 $4,122 $128,800 $22,400 $106,400
2022 $3,595 $112,000 $22,400 $89,600
2021 $2,408 $73,400 $13,600 $59,800
2020 $2,426 $73,400 $13,600 $59,800
2019 $638 $57,440 $10,800 $46,640
2018 $1,902 $57,440 $10,800 $46,640
2016 $1,485 $44,920 $8,000 $36,920
2015 $1,569 $34,400 $6,000 $28,400
2014 -- $34,400 $6,000 $28,400
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    BRANDON SMITH

    Weichert Realtors Cara and Assoc.

    (404) 513-3800

    1 in this area

    7 Total Sales

    BRANDON SMITH
    Section Image
  • Eddie Matos

    Buyer's Agent in 2021

    Eddie Matos

    UC Premier Properties

    (678) 670-6735

    1 in this area

    12 Total Sales

    Eddie Matos
    Section Image
See All Agents

Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6952695

First Multiple Listing Service (FMLS)

APN: 6-214-131

Georgia Gwinnett County Norcross 30071

5087 Rails Way, Norcross, GA

This home is located at 5087 Rails Way, Norcross, GA 30071 since 04 October 2021 and is currently estimated at $341,487, approximately $201 per square foot. This property was built in 1985. 5087 Rails Way is a home located in Gwinnett County with nearby schools including Beaver Ridge Elementary School, Summerour Middle School, and Paul Duke STEM High School.

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