$280,000
SOLD APR 6, 2023

35 Plum Orchard Rd Covington, GA 30016

-- Bed
-- Bath
2,128 Sq Ft
0.7 Acres

Recently Sold

$132 Per Sq Ft

3 Days on Market

Highlights

  • 0.7 Acre Lot
  • No HOA
  • Forced Air Heating and Cooling System
  • 2 Fireplaces
  • 1-Story Property
  • Ceiling Fan

About This Home

As of April 2023

Great duplex rental investment property that was recently renovated (Unit B). Over $50K of renovations! Such recent improvements include: A Brand New Roof, new exterior siding, gutters, LVP flooring, paint, granite countertops, painted and refinished cabinets, new appliances (dishwasher, gas range oven), patio rebuilt, light fixtures, as well as other renovations to make it turn key! Current long term tenant is paying undermarket rent at $650 a month. Come April, 2023 tenant's rent increases to $715 a month. Multiple prospective applicants have offered $1200 a month for Unit B. Both units have cozy fireplaces. Nice Schools nearby. NO HOA! Net Cap rate is ~7%!!!! Turnkey key for an investor or owner occupant. Property is SOLD AS IS with No Seller Disclosure forms. Listing Assistant has interest in subject property.

Last Agent to Sell the Property

Allen Steigman

America Realty LLC License #357824 Listed on: 02/17/2023

Last Buyer's Agent

Tina Jingru Sui

Real Broker LLC License #392936

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,237

Year Built

  • Built in 1984

Lot Details

  • 0.7 Acre Lot

Home Design

  • Duplex
  • Concrete Siding

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • 2 Fireplaces

Schools

  • West Newton Elementary School
  • Veterans Memorial Middle School
  • Newton High School

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Septic Tank

Community Details

  • No Home Owners Association
  • 2 Units
  • Plum Orchard Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,237

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1984
  • Financing Type: Other
  • Levels: One
  • Lot Size Acres: .70
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: None

Exterior Features

  • Construction Materials: Concrete
  • Property Condition: Resale

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Septic Tank
  • Utilities: Electricity Individual Meters, Gas Individual Meters, Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: West Newton
  • High School: Newton
  • Middle School: Veterans Memorial
  • Elementary School: West Newton
  • Middle School: Veterans Memorial
  • High School: Newton

Rental Info

  • Owner Pays: Other

Multi Family

  • Total Fireplaces: 2
  • NumberOfUnitsTotal: 2

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1237

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2023
Closed on
Apr 6, 2023
Sold by
Trade Winds Consulting Llc
Bought by
Aubrey Morris Llc
Seller's Agent
Allen Steigman
America Realty LLC
Buyer's Agent
Tina Jingru Sui
Real Broker LLC
List Price
$280,000
Sold Price
$280,000
Views
391
Current Estimated Value
$273,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,379
Avg. Annual Appreciation
-0.98%
Original Mortgage
$196,000
Outstanding Balance
$191,661
Interest Rate
6.73%
Mortgage Type
Mortgage Modification
Estimated Equity
$81,732

Purchase Details

Listed on
Oct 5, 2022
Closed on
Dec 15, 2022
Sold by
Equity Trust Co Custodian Fbo
Bought by
Trade Winds Consulting Llc
Seller's Agent
Loren Steele
Virtual Properties Realty.Net
Buyer's Agent
Anthony Fontana
Cornerstone Real Estate Partners
List Price
$230,000
Sold Price
$155,000
Premium/Discount to List
-$75,000
-32.61%
Views
71

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
793.73%

Purchase Details

Closed on
Mar 6, 2012
Sold by
Denio Williams C
Bought by
Equity Trust Company and 101676 Ira

Purchase Details

Closed on
Apr 21, 2006
Sold by
Denio William C and Denio Betty W
Bought by
Denio William C and Denio Betty W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.31%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $280,000 --
Warranty Deed $155,000 --
Foreclosure Deed $18,948 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $196,000 Mortgage Modification
Previous Owner $96,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2023 04/06/23 Sold $280,000 0.0% $132 / Sq Ft
02/17/2023 02/17/23 For Sale $280,000 +80.6% $132 / Sq Ft
12/28/2022 12/28/22 Sold $155,000 -26.2% $73 / Sq Ft
12/05/2022 12/05/22 Pending -- -- --
11/14/2022 11/14/22 Price Changed $209,900 -4.5% $99 / Sq Ft
10/19/2022 10/19/22 Price Changed $219,900 -4.4% $103 / Sq Ft
10/05/2022 10/05/22 For Sale $230,000 -- $108 / 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 $2,873 $111,560 $6,400 $105,160
2023 $1,729 $62,400 $6,400 $56,000
2022 $1,237 $43,880 $6,400 $37,480
2021 $1,199 $38,000 $6,400 $31,600
2020 $1,231 $36,640 $6,400 $30,240
2019 $1,257 $36,840 $6,400 $30,440
2018 $609 $35,480 $6,400 $29,080
2017 $618 $18,000 $4,400 $13,600
2016 $519 $15,120 $2,427 $12,693
2015 $519 $15,120 $2,600 $12,520
2014 $517 $15,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Allen Steigman

    Seller's Agent in 2023

    Allen Steigman

    America Realty LLC

    (954) 646-4788

    3 in this area

    503 Total Sales

    Allen Steigman
    Section Image
  • Tina Jingru Sui

    Buyer's Agent in 2023

    Tina Jingru Sui

    Real Broker LLC

    (404) 375-2120

    1 in this area

    240 Total Sales

    Tina Jingru Sui
    Section Image
  • Loren Steele

    Seller's Agent in 2022

    Loren Steele

    Virtual Properties Realty.NET

    (678) 327-9008

    3 in this area

    22 Total Sales

    Loren Steele
    Section Image
  • Anthony Fontana

    Buyer's Agent in 2022

    Anthony Fontana

    Cornerstone Real Estate Partners

    (757) 646-6860

    1 in this area

    197 Total Sales

    Anthony Fontana
    Section Image
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Map

Source: Georgia MLS

MLS Number: 10132474

Georgia MLS

APN: 0012B00000061000

Georgia Newton County Covington 30016

35 Plum Orchard Rd, Covington, GA

This home is located at 35 Plum Orchard Rd, Covington, GA 30016 and is currently priced at $280,000, approximately $131 per square foot. This property was built in 1984. 35 Plum Orchard Rd is a home located in Newton County with nearby schools including West Newton Elementary School, Veterans Memorial Middle School, and Newton High School.

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