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$320,000
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Property Description
Price Improvement of $35,000! Incredible opportunity in the highly sought-after Union Grove School District. This spacious 5-bedroom, 4-bathroom home offers exceptional square footage, a functional layout, and equity potential for the right buyer. Inside, the home features a welcoming family room with high vaulted ceilings and a cozy fireplace, creating an open and inviting living space. The primary suite on the main level showcases elegant trey ceilings and direct access to a large back deck, perfect for future outdoor entertaining. Three bedrooms are located on the main level, with two additional bedrooms upstairs, each with its own private en-suite, providing flexibility and privacy for family or guests. The eat-in kitchen is equipped with stainless steel appliances and offers plenty of space for everyday living. Situated on a large corner lot, the property includes a fully fenced, private backyard, a gazebo, and a hot tub...ideal for creating your own backyard retreat. This home is being sold as-is and is perfect for buyers looking to add their personal touch. With no HOA, generous space, and a prime location, this property presents a rare chance to build instant equity with some TLC. Don't miss this value opportunity!
Full Property Details
Full Property Details for 501 Owens Springs Ln
General
- Price: $320,000
- Taxes: $5,027 (2023)
- Status: Under Contract
- Type: Single Family
- Source: GAMLS_Atlanta
- MLS ID: 10646461
- Updated: 1/8/2026
- Added to Site: 62 day(s) ago
Interior
- Rooms/Areas: Family Room
- Interior Features: Master On Main Level, Separate Shower, Tray Ceiling(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Family Room, Family Room
- Appliances: Dishwasher, Disposal, Microwave, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
- Upper Floor Baths: 2
- Upper - Full Baths: 2
- Main - Full Baths: 2
Bedrooms
- Total Bedrooms: 5
- Bedrooms Upper: 2
- Bedrooms-Up1: 2
- Bedrooms Main: 3
Other Rooms
- Kitchen: Breakfast Area
- Laundry: In Kitchen
Parking
- Parking Features: Garage, Kitchen Level, Side/Rear Entrance
Location
- County: Henry
- Driving Directions: Please use GPS
School Information
- Elementary School: Timber Ridge
- Middle School: Union Grove
- High School: Union Grove
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Water/Sewer: Septic Tank
Structural Information
- Architectural Style: Brick Front, Craftsman
- Construction Status: Resale
- Basement Desc.: Concrete, Crawl Space
- Roof: Composition
- Stories/Levels: One and One Half
- Living Area: 2,234 Sq. Ft.
- Finished Total: 2,234 Sq. Ft.
- Finished Above Grnd: 2,234 Sq. Ft.
- Year Built: 1998
Lot Features
- Lot Size (Acres): 0.08
- Lot Size Range: .08
- Lot Size Source: Other
- Lot Description: Corner Lot, Level
Water Features
- Water Front Name: None
Financial Considerations
- Tax Amount: $5,027
- Tax Year: 2023
Listing Courtesy of: eXp Realty
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Schools
Schools serving 501 Owens Springs Ln
School District:Henry County School District
| Name | Grades | Distance |
|---|---|---|
Timber Ridge Elementary School, McDonough, GA 2825 Georgia 20, McDonough, GA 30252 | K-5 | 2 mi |
Union Grove Middle School 210 East Lake Road, McDonough, GA 30252 | 6-8 | 3.1 mi |
Union Grove High School 120 East Lake Road, McDonough, GA 30252 | 9-12 | 3.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 501 Owens Springs Ln
Date
Details
Price
Change
Source
12/16/2025
Price Reduced
$320,000
-9.86%
MLS
11/17/2025
Listed
$355,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 501 Owens Springs Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,839
16%
$146,696
11%
2023
$5,027
—
$132,560
2%
2023
$5,027
18%
$130,000
18%
2022
$4,275
26%
$110,400
26%
2021
$3,402
27%
$87,640
16%
2019
$2,671
-7%
$75,720
-8%
2020
$2,859
15%
$82,440
16%
2018
$2,491
50%
$70,960
44%
2017
$1,658
-3%
$49,240
-3%
2016
$1,715
11%
$50,720
12%
2015
$1,549
17%
$45,440
15%
2014
$1,320
28%
$39,360
23%
2013
$1,031
—
$32,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 501 Owens Springs Ln
501 Owens Springs Lane, McDonough, GA 30252 (MLS# 10646461) is a Single Family property with 5 bedrooms and 4 full bathrooms. 501 Owens Springs Lane is currently listed for $320,000 and was received on November 17, 2025. Want to learn more about 501 Owens Springs Lane? Do you have questions about finding other Single Family real estate for sale in McDonough? You can browse all McDonough real estate or contact a Coldwell Banker agent to request more information.

