NOT LISTED FOR SALE

505 Stone St NW Covington, GA 30014

Estimated Value: $217,548 - $261,000

-- Bed
3 Baths
-- Sq Ft
0.5 Acres

Last Sold April 19, 2024

Last sale price $250,000

Est. 4% decrease in value since last sale

Current estimated payment $1,402/month

19 Days on Market

Highlights

  • Cooling Available
  • Four Sided Brick Exterior Elevation
  • Carpet
  • 1-Story Property
  • 1 Car Garage
  • Heating Available

About This Home

As of April 2024

Great opportunity. 3/2 one unit and 3/1.5 on the other. Each has attached one car garage. Recent sale in area was 330k w/o garages. Low maintenance all brick construction with metal roof. Area rents should be $1500/unit. Does need TLC, but don't miss out on the deal. Being sold as-is. Preferred closing attorney T. Smith Law in Conyers.

Last Agent to Sell the Property

Loren Steele

NOT A VALID MEMBER License #362566 Listed on: 03/11/2024

NOT A VALID MEMBER

Last Buyer's Agent

Ava Anderson

A-Z Atlanta Realty License #284610

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,373

Year Built

  • Built in 1981

Lot Details

  • 0.5

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Metal Roof
  • Four Sided Brick Exterior Elevation

Flooring

  • Carpet
  • Vinyl

Schools

  • Flint Hill Elementary School
  • Cousins Middle School
  • Newton High School

Utilities

  • Cooling Available
  • Heating Available
  • Cable TV Available

Additional Features

  • 1-Story Property
  • 0.5 Acre Lot

Community Details

  • 2 Units
  • Cedar Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0061B00000130000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,373

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Legal Description: 505 Stone Street
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Duplex
  • Property Condition: Resale
  • Year Built: 1981
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Income

Interior Features

  • Flooring: Carpet, Vinyl
  • Window Features: None

Exterior Features

  • Construction Materials: Brick 4 Sides
  • Roof Type: Metal
  • Pool Private: No

Garage/Parking

  • Number Of Parking Spaces: 1
  • Parking Features: Garage

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Electric
  • Heating: Electric
  • Utilities: Cable Available, Electricity Available

Condo/Co-op/Association

  • Subdivision Complex: Cedar Ridge

Schools

  • Elementary School: Flint Hill
  • Middle School: Cousins
  • High School: Newton

Lot Info

  • Acres: 0.5000
  • Parcel Number: 0061B00000130000
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Rental Info

  • Furnished: Unfurnished

Multi Family

  • Unit Count: 2
  • Number Of Units Total: 2

Tax Info

  • Taxes: 1373.00
  • Assessor Parcel Number: 0061B00000130000
  • Close Date: 2024-04-19
  • Tax Year: 2023

MLS Schools

  • Elementary School: Flint Hill
  • High School: Newton
  • Middle School: Cousins

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2024
Closed on
Apr 19, 2024
Sold by
Newton Cty Stone St Trst
Bought by
Zhu Zhong Rong
Seller's Agent
Loren Steele
NOT A VALID MEMBER
Buyer's Agent
Ava Anderson
A-Z Atlanta Realty
List Price
$285,000
Sold Price
$250,000
Premium/Discount to List
-$35,000
-12.28%
Views
88
Current Estimated Value
$238,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,113
Avg. Annual Appreciation
2.82%

Purchase Details

Closed on
Jun 1, 2010
Sold by
Duval Diane B
Bought by
Newton Cnty Stone Street La Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,720
Interest Rate
7.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2010
Sold by
Cline Pierce L
Bought by
Duval Diane B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,720
Interest Rate
7.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2006
Sold by
Duval Diane B
Bought by
Duval Diane B and Duval Charles I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,720
Interest Rate
7.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2004
Sold by
Durden K Lee
Bought by
Carr Promotions Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.36%
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 Buyer Sale Price Title Company
Zhu Zhong Rong $250,000 --
Newton Cnty Stone Street La Tr $32,000 --
Duval Diane B -- --
Duval Diane B -- --
Duval Diane B $145,900 --
Carr Promotions Inc $139,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Duval Diane B $116,720
Previous Owner Duval Diane B $116,720
Previous Owner Carr Promotions Inc $136,000
Previous Owner Durden K Lee $114,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2024 04/19/24 Sold $250,000 -9.1% --
03/30/2024 03/30/24 Pending -- -- --
03/27/2024 03/27/24 Price Changed $275,000 -3.5% --
03/11/2024 03/11/24 For Sale $285,000 -- --
Source: First Multiple Listing Service (FMLS)

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 $1,549 $61,160 $16,800 $44,360
2023 $1,450 $53,440 $6,400 $47,040
2022 $1,187 $43,760 $6,400 $37,360
2021 $1,362 $44,920 $6,400 $38,520
2020 $1,269 $37,760 $6,400 $31,360
2019 $1,096 $32,120 $6,400 $25,720
2018 $533 $31,040 $6,400 $24,640
2017 $497 $14,480 $2,000 $12,480
2016 $525 $15,280 $2,800 $12,480
2015 $520 $15,160 $2,000 $13,160
2014 $494 $14,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2024

    Loren Steele

    NOT A VALID MEMBER

    Section Image
  • Ava Anderson

    Buyer's Agent in 2024

    Ava Anderson

    A-Z Atlanta Realty

    (770) 369-5121

    1 in this area

    66 Total Sales

    Ava Anderson
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7351695

First Multiple Listing Service (FMLS)

APN: 0061B00000130000

Georgia Newton County Covington 30014

505 Stone St NW, Covington, GA

This home is located at 505 Stone St NW, Covington, GA 30014 since 11 March 2024 and is currently estimated at $238,887. This property was built in 1981. 505 Stone St NW is a home located in Newton County with nearby schools including Flint Hill Elementary School, Cousins Middle School, and Newton High School.

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