$140,000
SOLD FEB 7, 2023

42 Richard Allen Dr Newnan, GA 30263

-- Bed
-- Bath
576 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$243 Per Sq Ft

4% Above List Price

10 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Central Heating and Cooling System
  • Elm Street Elementary School Rated A-

About This Home

As of February 2023

Amazing INVESTMENT OPPORTUNITY! In cozy Newnan, this is the perfect opportunity to expand or start your investment portfolio this new year! Instant cash-flow investment with current tenant paying $1200/per month. This home is only for sale as a package deal with the adjacent property, 44 Richard Allen that is in the same condition and generating the same monthly income. Completely remodeled in 2017, this bungalow features new windows, flooring, HVAC, water heater, appliances, and more. Convenient location is just a quick walk to Newnan Square, dining/shopping and so much more!

Last Agent to Sell the Property

Andy Garcia

Humphries & King Realty, LLC License #359107 Listed on: 12/30/2022

Last Buyer's Agent

Ory Gari

Gari & Gari Realty License #395474

Gari & Gari Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $405

Year Built

  • Built in 1950

Home Design

  • House
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Crawl Space

Parking

  • 1 Parking Space
  • Parking Pad

Schools

  • Elm Street Elementary School
  • Evans Middle School
  • Newnan High School

Additional Features

  • 1,742 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Rocky Hill Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$405

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1950
  • Financing Type: Conventional
  • Levels: One
  • Lot Size Acres: .04
  • Structure Type: House
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement: Crawl Space
  • Price Per Square Foot: 3500000

Exterior Features

  • Construction Materials: Vinyl Siding
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Parking Pad
  • ParkingTotal: 1

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Elm Street
  • High School: Newnan
  • Middle School: Evans
  • Elementary School: Elm Street
  • Middle School: Evans
  • High School: Newnan

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2021
  • Tax Annual Amount: 404.86

Multi Family

  • GrossIncome: 1200
  • NumberOfUnitsTotal: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2022
Closed on
Feb 7, 2023
Sold by
Pounds Karen Michelle
Bought by
Chunga Ricardo Enrique
Seller's Agent
Andy Garcia
Humphries & King Realty, LLC
Buyer's Agent
Ory Gari
Gari & Gari Realty
List Price
$135,000
Sold Price
$140,000
Premium/Discount to List
$5,000
3.7%
Views
42
Current Estimated Value
$137,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,923
Avg. Annual Appreciation
-0.79%
Original Mortgage
$112,000
Outstanding Balance
$108,486
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$28,591

Purchase Details

Closed on
Dec 7, 2018
Sold by
Boccuti Justin
Bought by
Pounds Karen Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2017
Sold by
Boccuti Justin
Bought by
Boccuti Justin and Boccuti Ashley Lorraine Vaughn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,825
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2016
Sold by
Martin A
Bought by
Raymond Donald

Purchase Details

Closed on
Nov 30, 2006
Sold by
Meager Properties Llc
Bought by
Gentry Martin A

Purchase Details

Closed on
Oct 27, 2005
Sold by
West William C
Bought by
Gentry Martin A

Purchase Details

Closed on
Jul 5, 1993
Bought by
Republic Land & Inve

Purchase Details

Closed on
Nov 30, 1992
Bought by
Republic Land & Inve

Purchase Details

Closed on
Nov 18, 1991
Bought by
Coweta County

Purchase Details

Closed on
Sep 6, 1989
Bought by
Berry Ossie Lee
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 $140,000 --
Warranty Deed $93,000 --
Warranty Deed -- --
Warranty Deed $73,100 --
Warranty Deed $24,000 --
Deed -- --
Deed $193,500 --
Deed -- --
Deed -- --
Deed -- --
Deed $8,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $112,000 New Conventional
Previous Owner $68,000 New Conventional
Previous Owner $54,825 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2024 02/21/24 Rented $1,200 -4.0% --
02/20/2024 02/20/24 For Rent $1,250 0.0% --
02/07/2023 02/07/23 Sold $140,000 +3.7% $243 / Sq Ft
01/09/2023 01/09/23 Pending -- -- --
01/05/2023 01/05/23 For Sale $135,000 0.0% $234 / Sq Ft
01/02/2023 01/02/23 Pending -- -- --
12/30/2022 12/30/22 For Sale $135,000 -- $234 / 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 $880 $38,500 $800 $37,700
2023 $880 $21,280 $480 $20,800
2022 $499 $20,491 $480 $20,011
2021 $405 $15,064 $480 $14,584
2020 $414 $15,064 $480 $14,584
2019 $307 $10,219 $1,812 $8,407
2018 $302 $10,005 $1,812 $8,193
2017 $138 $4,857 $1,811 $3,046
2016 $165 $5,466 $1,812 $3,654
2015 $151 $5,013 $1,359 $3,654
2014 $155 $5,013 $1,359 $3,654
Source: Public Records

Agents Affiliated with this Home

  • Jamille King

    Seller's Agent in 2024

    Jamille King

    Sparrow Property Management

    (706) 570-5790

    37 Total Sales

    Jamille King
    Section Image
  • Andy Garcia

    Seller's Agent in 2023

    Andy Garcia

    Humphries & King Realty, LLC

    (404) 563-5853

    74 Total Sales

    Andy Garcia
    Section Image

  • O

    Buyer's Agent in 2023

    Ory Gari

    Gari & Gari Realty

    (404) 780-4465

    153 Total Sales

    Ory Gari
    Section Image
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Map

Source: Georgia MLS

MLS Number: 20094146

Georgia MLS

APN: N22-0011-023

Georgia Coweta County Newnan 30263

42 Richard Allen Dr, Newnan, GA

This home is located at 42 Richard Allen Dr, Newnan, GA 30263 and is currently priced at $140,000, approximately $243 per square foot. This property was built in 1950. 42 Richard Allen Dr is a home located in Coweta County with nearby schools including Elm Street Elementary School, Evans Middle School, and Newnan High School.

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