NOT LISTED FOR SALE

5517 Rails Way Norcross, GA 30071

Estimated Value: $345,000 - $370,000

3 Beds
2 Baths
1,400 Sq Ft
$254/Sq Ft Est. Value

Last Sold April 15, 2022

Last sale price $325,000 $232 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,210/month

8 Days on Market

Highlights

  • No Units Above
  • Ranch Style House
  • Bonus Room
  • Paul Duke STEM High School Rated A+
  • 1 Fireplace
  • No HOA

About This Home

As of April 2022

This 3 bedroom, 2 bath gem with an open floor concept and Bonus Room is perfect for a family or investment. Large fenced in backyard with a gazebo is perfect for entertaining, kids and/or pets, as well as a shed for extra storage space. Excellent location only 1 minute from I-85. No HOA, no rental restrictions. Perfect for first time home buyer or investor.

Last Agent to Sell the Property

Irene Perez

Virtual Properties Realty.com License #416204 Listed on: 03/14/2022

Virtual Properties Realty.com

Last Buyer's Agent

Irene Perez

Virtual Properties Realty.com License #416204 Listed on: 03/14/2022

Virtual Properties Realty.com

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,015

Year Built

  • Built in 1984

Lot Details

  • 7,405 Sq Ft Lot
  • No Units Located Below
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Ranch Style House
  • Tile Roof
  • Wood Siding

Interior Spaces

  • 1,400 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace
  • Family Room
  • Bonus Room
  • Vinyl Flooring

Kitchen

  • Oven or Range
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer

Outdoor Features

  • Porch

Schools

  • Beaver Ridge Elementary School
  • Summerour Middle School
  • Norcross High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Oakbrook Station Subdivision

Listing and Financial Details

  • Legal Lot and Block 49 / B

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,015

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential
  • District: 6
  • Year Built: 1984
  • ArchitecturalStyle: Ranch
  • Financing Type: Cash
  • Levels: One
  • Lot Size Acres: 0.17
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 1400
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Stainless Steel Appliance(s), Oven/Range (Combo)
  • Bedrooms: 3
  • Basement: None
  • Total Finished Sq Ft: 1400
  • Above Grade Finished Sq Ft: 1400
  • Interior Amenities: Master On Main Level
  • Full Bathrooms: 2
  • Flooring: Vinyl

Beds/Baths

  • Main Level Full Bathrooms: 2
  • Bedroom Main Level: 3

Exterior Features

  • Common Walls: No One Above, No One Below
  • Construction Materials: Wood Siding
  • Lot Features: Level
  • Patio And Porch Features: Porch
  • Property Condition: Resale
  • Roof: Other, Tile

Garage/Parking

  • Parking Features: Attached
  • ParkingTotal: 4

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Natural Gas
  • Laundry Features: Laundry Closet
  • Sewer: Public Sewer
  • Utilities: Water Available, Natural Gas Available, Electricity Available, Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Beaver Ridge
  • High School: Norcross
  • High School Bus: No
  • Middle School: Summerour
  • Middle School Bus: No
  • Elementary School: Beaver Ridge
  • Middle School: Summerour
  • High School: Norcross

Lot Info

  • Land Lot: 0214
  • Lot: 49
  • Plat Book: 58553
  • Plat Page: 266

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2021
  • Tax Annual Amount: 2015

MLS Schools

  • Elementary Bus Line: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2021
Sold by
Lopez Carlos Zaragoza
Bought by
Zaragoza Carlos Christopher
Current Estimated Value
$355,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,852
Outstanding Balance
$204,901
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$143,639

Purchase Details

Closed on
Oct 26, 2016
Sold by
Smith Nicholas and Smith Marvey
Bought by
Lopez Carlos Zaragoza and Cruz Sara Sanchez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,152
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 14, 2016
Sold by
4Rnj2 Llc
Bought by
Locklear Joshua

Purchase Details

Closed on
Apr 20, 2000
Sold by
Shahzad Rubina and Shahzad Mirza A
Bought by
Smith Nicholas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,555
Interest Rate
8.24%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 23, 1997
Sold by
Sestan Lance and Riley Kristen J
Bought by
Shahzad Rubina and Shahzad Mirza A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 1994
Sold by
Turner Marcia E
Bought by
Sestan Lance and Riley Kristen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,010
Interest Rate
7.26%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Zaragoza Carlos Christopher $229,000 --
Lopez Carlos Zaragoza $102,000 --
Locklear Joshua $299,900 --
Smith Nicholas $115,500 --
Shahzad Rubina $86,500 --
Sestan Lance $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zaragoza Carlos Christopher $224,852
Closed Zaragoza Carlos Christopher $224,852
Previous Owner Lopez Carlos Zaragoza $100,152
Previous Owner Smith Nicholas $114,555
Previous Owner Shadhzad Rubina $24,700
Previous Owner Shahzad Rubina $80,000
Previous Owner Sestan Lance $69,010
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2022 04/15/22 Sold $325,000 +3.2% $232 / Sq Ft
03/23/2022 03/23/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $315,000 -- $225 / Sq Ft
Source: Georgia MLS

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
2024 $3,298 $117,080 $22,400 $94,680
2023 $3,298 $117,080 $22,400 $94,680
2022 $942 $94,280 $22,400 $71,880
2021 $2,015 $61,440 $13,600 $47,840
2020 $2,031 $61,440 $13,600 $47,840
2019 $2,134 $47,800 $10,800 $37,000
2018 $1,583 $47,800 $10,800 $37,000
2016 $1,234 $37,320 $8,000 $29,320
2015 $1,329 $28,600 $6,000 $22,600
2014 -- $28,600 $6,000 $22,600
Source: Public Records

Agents Affiliated with this Home

  • I

    Seller's Agent in 2022

    Irene Perez

    Virtual Properties Realty.com

    (678) 650-0317

    1 in this area

    7 Total Sales

    Irene Perez
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Map

Source: Georgia MLS

MLS Number: 10027515

Georgia MLS

APN: 6-214-077

Georgia Gwinnett County Norcross 30071

5517 Rails Way, Norcross, GA

This home is located at 5517 Rails Way, Norcross, GA 30071 since 14 March 2022 and is currently estimated at $355,280, approximately $253 per square foot. This property was built in 1984. 5517 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.

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.

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