




5347 Lacey Ave, Morrow, GA, 30260
About This Home
MAJOR PRICE REDUCTION – NOW OFFERED AT $115,000 This is the opportunity investors have been waiting for. Welcome to 5347 Lacey Ave, a 2-bedroom, 1-bath property situated on approximately 0.24 acres in Morrow, Georgia. This property gives buyers the flexibility to renovate, rent, or redevelop based on their investment strategy. Positioned at the end of a dead-end street, the property offers privacy with minimal through traffic while still maintaining strong accessibility to major corridors. Located just minutes from Hartsfield-Jackson International Airport, I-75, I-285, and approximately 15 minutes from Downtown Atlanta, this location continues to benefit from steady growth and increasing demand. The home itself is a 1,075 square foot ranch built in 1968 and is in need of renovation, making it a strong value-add opportunity for investors seeking to create equity through improvements . The lot spans approximately 0.24 acres and offers usable space with flexibility for future repositioning or long-term hold . The property is not located within a flood hazard area, which adds an additional layer of long-term stability for development or ownership . With pricing now at $115,000, this creates a compelling entry point for investors seeking margin, flexibility, and long-term upside in a growing area. Whether you’re looking to renovate and hold, fix and flip, or secure a well-located piece of land for future use, this property offers multiple exit strategies. Opportunities at this price point with this level of potential are becoming increasingly difficult to find.
Getting Around
Schools
Construction
Condition
- Property condition: Fixer
- Year built: 1968
Materials
- Roof: Other
- Construction materials: Other
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence,Residential
Interior
Appliances
- Appliances included: Other
- Laundry features: None
Basement
- Basement: None
Bedroom
- Features: None
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Dining Room
- Features: None
Features
- Other
- Window features: None
- Flooring: Other
- Number of fireplaces: 1
- Fireplace features: None
- Fireplace: Yes
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Other
- Cooling features: Other
Interior Area
- Total structure area: 1,075
- Total interior livable area: 1,075 sqft
Kitchen
- Features: None
Master Bathroom
- Features: None
Master Bedroom
- Features: None
- Level: None
Property
Accessibility
- Accessibility features: Accessible Bedroom
Details
- Parcel number: 12179D A009
- Other equipment: None
- Horse amenities: None
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: None
- Exterior features: Private Yard,No Dock
- Spa features: None
- Fencing: Front Yard
- Has view: Yes
- View description: Neighborhood,Rural,Trees/Woods
- Waterfront features: None
- Waterbody name: None
Lot
- Lot size: 10,497 sqft
- Features: Back Yard,Corner Lot,Private
- Lot size dimensions: 150 x 70
Parking
- Total spaces: 9
- Parking features: None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Cold Wave
- Hail
- Inland Flooding
- Ice Storm
- Lightning
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Georgia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $429 | $5,148 |
| Home Insurance * | $65 | $780 |
| Property Taxes | $114 | $1,368 |
| Electricity | $219 | $2,637 |
| Total | $827 | $9,924 |
Income You'd Need if You Spent...
Georgia FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-01 | Price change | $115,000 |
| 2026-03-24 | Listed for sale | $145,000 |
