5159 Covington Hwy Decatur, GA 30035
Southwest DeKalb NeighborhoodEstimated payment $2,210/month
Highlights
- 0.7 Acre Lot
- 1.5-Story Property
- High Ceiling
- Wooded Lot
- Wood Flooring
- No HOA
About This Home
Exceptional Multi-Property Investment Opportunity - Prime Assemblage on Covington Highway Seize a rare and highly versatile investment opportunity with this unique assemblage of three contiguous properties, collectively offering 4.62 acres of valuable real estate with approximately 40 feet of frontage along Covington Highway. This portfolio is ideally suited for a variety of development or renovation strategies, from enhancing the existing homes to constructing a small residential community. Its strategic location just minutes from Highway 285 ensures excellent connectivity and long-term value growth. Property Breakdown: Lot 1:A spacious 4-bedroom, 3-bathroom home encompassing 2,357 square feet of finished living space, plus an additional 391 square foot unfinished basement-perfect for customization or expansion. The home sits on a generously sized 0.66-acre lot, offering ample yard space and privacy. Lot 2:A charming 3-bedroom, 2-bathroom residence featuring 1,891 square feet of interior space, along with a 300 square foot unfinished basement. Set on a substantial 1.39-acre lot, this property offers both comfort and future development potential. Lot 3:A cozy 3-bedroom, 1-bathroom home offering 1,264 square feet of living area, situated on a sprawling 2.57-acre lot. Ideal for personal use, rental income, or as a candidate for redevelopment. Total Combined Acreage: 4.62 Acres With a flexible layout and diverse structures, this assemblage offers multiple paths for return on investment: Renovate and lease existing residences Develop a boutique housing enclave Subdivide and sell parcels individually Hold for long-term appreciation in a rapidly developing corridor Key Highlights: Prime location on Covington Highway Easy access to major thoroughfares, especially I-285 Approximately 40 feet of road frontage Flexible zoning potential (buyer to verify) Seller is open to offers on individual lots-see additional listings #10488862 and #10488863 for separate details. This is a compelling acquisition for investors, developers, or visionaries seeking a strategically located, multi-parcel property with excellent upside potential.
Listing Agent
Keller Williams Realty Atl. Partners License #324017 Listed on: 03/29/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,330
Year Built
- Built in 1964
Lot Details
- 0.7 Acre Lot
- Wooded Lot
Home Design
- 1.5-Story Property
- Composition Roof
- Four Sided Brick Exterior Elevation
Interior Spaces
- High Ceiling
- Family Room
- Partial Basement
- Laundry Room
Kitchen
- Breakfast Bar
- Oven or Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- In-Law or Guest Suite
- 3 Full Bathrooms
Home Security
- Home Security System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 2 Parking Spaces
- Carport
Schools
- Canby Lane Elementary School
- Mary Mcleod Bethune Middle School
- Towers High School
Utilities
- Forced Air Heating and Cooling System
- 220 Volts
- Gas Water Heater
- Septic Tank
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 162 / 05
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,745 | $98,880 | $4,360 | $94,520 |
| 2024 | $4,743 | $98,880 | $4,360 | $94,520 |
| 2023 | $4,743 | $98,880 | $4,360 | $94,520 |
| 2022 | $2,457 | $48,840 | $4,396 | $44,444 |
| 2021 | $2,457 | $48,840 | $4,396 | $44,444 |
| 2020 | $2,135 | $48,840 | $4,360 | $44,480 |
| 2019 | $2,836 | $57,480 | $4,360 | $53,120 |
| 2018 | $1,917 | $50,680 | $4,360 | $46,320 |
| 2017 | $2,752 | $53,760 | $4,360 | $49,400 |
| 2016 | $2,291 | $44,760 | $4,360 | $40,400 |
| 2014 | $708 | $8,720 | $4,280 | $4,440 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/29/2025 03/29/25 | For Sale | $350,000 | +379.5% | $143 / Sq Ft | |
| 01/24/2014 01/24/14 | Sold | $73,000 | +12.5% | $30 / Sq Ft | View Prior Sale |
| 12/25/2013 12/25/13 | Pending | -- | -- | -- | |
| 12/18/2013 12/18/13 | For Sale | $64,900 | -- | $26 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $73,000 | -- | |
| Deed | $183,280 | -- | |
| Foreclosure Deed | $183,279 | -- | |
| Deed | $240,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $89,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $216,000 | New Conventional | |
| Previous Owner | $80,100 | New Conventional |
Source: Georgia MLS
MLS Number: 10488863
APN: 15-162-05-020
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.
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