$700,000
SOLD JAN 26, 2024

401 McGiboney Rd Covington, GA 30016

35 Acres
$20,144 Price per Acre
1,513,710 Sq Ft Lot

Recently Sold

17 Days on Market

Highlights

  • Home fronts a pond
  • Private Lot
  • Tennis Courts
  • 34.75 Acre Lot
  • No HOA
  • High Speed Internet

About This Lot

As of May 2024

This property is a great opportunity for Developers. Property is priced way below current appraisal. Public sewer available, 1989' of frontage on McGiboney Rd. It has a house, pond and tennis court on property as well. Also would make great hunting camp or the home could be a beautiful Estate with some repairs made to it. Hurry up won't last long at this price.

Last Agent to Sell the Property

Tonya Bullard

Pinnacle Realtors License #210554 Listed on: 12/14/2023

Last Buyer's Agent

Tonya Bullard

Pinnacle Realtors License #210554 Listed on: 12/14/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,974

Lot Details

  • 34.75 Acre Lot
  • Home fronts a pond
  • Private Lot
  • Level Lot

Additional Homes

  • Residence on Property

Schools

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

Utilities

  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 122

Community Details

Overview

  • No Home Owners Association

Recreation

  • Tennis Courts

Property Details

Property Type

Land

Est. Annual Taxes

$3,974

Lot Details

0

Listing Details

  • Property Type: Land
  • District: 10
  • Financing Type: Conventional
  • Lot Size Acres: 34.75
  • Other Sturctures: Other, Residence
  • Property Sub-Type: Agriculture
  • Land Use Restrictions: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 20143.8
  • Possible Use: Agricultural, Hunting, Residential

Exterior Features

  • Lot Features: Level, Private
  • Waterfront Features: Pond

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, High Speed Internet
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Tennis Court(s)

Schools

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

Lot Info

  • Land Lot: 122
  • CurrentUse: Agricultural

Tax Info

  • Year: 2022
  • Tax Annual Amount: 3973.5

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2024
Closed on
May 20, 2024
Sold by
United Bank
Bought by
Taylor Built Construction Inc
Seller's Agent
Tonya Bullard
Pinnacle Realtors
Buyer's Agent
Candace Caldwell
BHGRE Metro Brokers
List Price
$350,000
Sold Price
$360,000
Premium/Discount to List
$10,000
2.86%
Views
187
Current Estimated Value
$401,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,834
Avg. Annual Appreciation
2.18%
Original Mortgage
$345,950
Outstanding Balance
$342,800
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$26,708

Purchase Details

Listed on
Apr 19, 2024
Closed on
May 17, 2024
Sold by
Taylor Built Construction Inc
Bought by
Bennett Beverly D
Seller's Agent
Tonya Bullard
Pinnacle Realtors
Buyer's Agent
Candace Caldwell
BHGRE Metro Brokers
List Price
$350,000
Sold Price
$360,000
Premium/Discount to List
$10,000
2.86%
Views
187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,950
Outstanding Balance
$342,800
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$26,708

Purchase Details

Listed on
Dec 14, 2023
Closed on
Jan 26, 2024
Sold by
Mcgiboney James Anthony A
Bought by
Taylor Built Construction Inc
Seller's Agent
Tonya Bullard
Pinnacle Realtors
Buyer's Agent
Tonya Bullard
Pinnacle Realtors
List Price
$700,000
Sold Price
$700,000
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-89.10%

Purchase Details

Listed on
Dec 14, 2023
Closed on
Jan 23, 2024
Sold by
Mcgiboney Thomas James
Bought by
Taylor Built Construction Inc
Seller's Agent
Tonya Bullard
Pinnacle Realtors
Buyer's Agent
Tonya Bullard
Pinnacle Realtors
List Price
$700,000
Sold Price
$700,000
Views
26

Purchase Details

Closed on
Aug 19, 2003
Sold by
Mcgiboney Margaret L
Bought by
Griffith Debra L and Mcgiboney James A

Purchase Details

Closed on
Jul 15, 2000
Sold by
Mcgiboney J L
Bought by
Mcgiboney Margaret L
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
Quit Claim Deed -- --
Warranty Deed $360,000 --
Warranty Deed $350,000 --
Warranty Deed $350,000 --
Quit Claim Deed -- --
Warranty Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $345,950 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2024 05/17/24 Sold $360,000 +2.9% $102 / Sq Ft
04/22/2024 04/22/24 Pending -- -- --
04/19/2024 04/19/24 For Sale $350,000 -50.0% $99 / Sq Ft
01/26/2024 01/26/24 Sold $700,000 0.0% --
12/31/2023 12/31/23 Pending -- -- --
12/14/2023 12/14/23 For Sale $700,000 -- --
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 $6,966 $275,000 $173,720 $101,280
2023 $6,154 $226,800 $132,040 $94,760
2022 $3,973 $146,440 $67,320 $79,120
2021 $3,906 $128,800 $67,320 $61,480
2020 $3,097 $121,400 $67,320 $54,080
2019 $3,157 $121,760 $67,320 $54,440
2018 $3,087 $119,120 $67,320 $51,800
2017 $2,993 $116,400 $65,320 $51,080
2016 $2,420 $99,720 $48,640 $51,080
2015 $2,478 $101,480 $50,040 $51,440
2014 $2,121 $91,360 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 20162411

Georgia MLS

APN: 0027000000100000