NOT LISTED FOR SALE

40 Rainey Way Covington, GA 30016

Estimated Value: $243,618 - $280,000

-- Bed
2 Baths
1,477 Sq Ft
$176/Sq Ft Est. Value

About This Home

This home is located at 40 Rainey Way, Covington, GA 30016 and is currently estimated at $259,405, approximately $175 per square foot. 40 Rainey Way is a home located in Newton County with nearby schools including Oak Hill Elementary School, Veterans Memorial Middle School, and Alcovy High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 1997
Sold by
Stanton Joseph S and Stanton Patricia
Bought by
Shuman Jimmy J
Current Estimated Value
$260,344

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,000
Outstanding Balance
$2,761
Interest Rate
8.13%
Estimated Equity
$256,644

Purchase Details

Closed on
Jun 30, 1994
Sold by
Barber Norman
Bought by
Barber Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
8.51%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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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 Buyer Sale Price Title Company
Shuman Jimmy J $82,000 --
Barber Homes Inc $8,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shuman Jimmy J $22,000
Previous Owner Barber Homes Inc $60,000
Source: Public Records

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
2025 $2,592 $110,760 $15,200 $95,560
2024 $2,498 $102,480 $15,200 $87,280
2023 $2,166 $83,680 $7,200 $76,480
2022 $1,622 $63,640 $7,200 $56,440
2021 $1,636 $57,840 $7,200 $50,640
2020 $1,489 $48,200 $7,200 $41,000
2019 $1,502 $47,920 $7,200 $40,720
2018 $1,384 $44,200 $7,200 $37,000
2017 $1,089 $35,600 $5,600 $30,000
2016 $909 $30,360 $4,000 $26,360
2015 $1,007 $33,240 $3,200 $30,040
2014 $657 $23,040 $0 $0
Source: Public Records

Map

Georgia Newton County Covington 30016

40 Rainey Way, Covington, GA

Not Listed for Sale

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