NOT LISTED FOR SALE

53 Gum Tree Ct Covington, GA 30016

Porterdale Neighborhood

Estimated Value: $282,000 - $362,000

-- Bed
4 Baths
2,288 Sq Ft
$136/Sq Ft Est. Value

Last Sold October 23, 2023

Last sale price $320,000 $140 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,982/month

59 Days on Market

About This Home

As of October 2023

Investor opportunity!! Income-producing duplex. This is the entire Duplex for sale. 55 Gum Tree and 53 Gum tree. Each unit has 3 bedrooms, 2 full bathrooms plus bonus room that could be used as 4th bedroom. The units have been freshly painted, new vinyl flooring. Each tenant paying $1,400/month, one lease expiring 7/31/2023 and the other lease expiring 5/31/2024. DO NOT DISTURB TENANT. ALL SHOWINGS WILL BE SCHEDULED ONCE UNDER CONTRACT DURING DUE DILIGENCE. DO NOT USE SHOWING TIME. SOLD AS IS. NO DISCLOSURES. Preferred closing attorney- THE LAW OFFICE OF RUSSELL C PETERSON.

Last Listed By

Isabel Baron-Pineda

La Rosa Realty Georgia LLC License #306081 Listed on: 06/20/2023

La Rosa Realty Georgia LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,699

Year Built

  • Built in 1997

Lot Details

  • 0.5

Parking

  • Off-Street Parking

Home Design

  • Duplex

Schools

  • West Newton Elementary School
  • Veterans Memorial Middle School

Additional Features

  • 2-Story Property
  • 0.5 Acre Lot
  • Central Heating and Cooling System

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $33,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,699

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1997
  • Financing Type: FHA
  • Levels: Two
  • Lot Size Acres: .50
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: None
  • Price Per Square Foot: 640000

Exterior Features

  • Construction Materials: Other
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street

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

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1699

Multi Family

  • GrossIncome: 33600
  • NumberOfUnitsTotal: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2020
Closed on
Apr 29, 2020
Sold by
Martinez Edilberto Alarcon
Bought by
Lanico Properties Llc
Seller's Agent
Jason Schneeberger
Citiside Properties, LLC.
Buyer's Agent
Isabel Baron-Pineda
La Rosa Realty Georgia
List Price
$159,000
Sold Price
$159,000
Total Days on Market
59
Current Estimated Value
$310,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,638
Avg. Annual Appreciation
13.92%
Original Mortgage
$119,250
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 9, 2020
Closed on
Apr 2, 2020
Sold by
Almond Investments Llc
Bought by
Martinez Edilberto Alarcon
Seller's Agent
Jason Schneeberger
Citiside Properties, LLC.
Buyer's Agent
Isabel Baron-Pineda
La Rosa Realty Georgia
List Price
$159,000
Sold Price
$159,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,250
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2017
Sold by
Dekel Properties Llc
Bought by
Almond Investments Llc

Purchase Details

Listed on
Oct 30, 2014
Closed on
Nov 26, 2014
Sold by
Tif Fai Llc
Bought by
Green Orchid Llc
Seller's Agent
STEPHANIE PERRONE
NOT A VALID MEMBER
Buyer's Agent
Penny Andrews
Knight & Drews, LLC.
List Price
$49,900
Sold Price
$51,000
Premium/Discount to List
$1,100
2.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.80%
Original Mortgage
$64,000,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 30, 2014
Closed on
Oct 31, 2014
Sold by
Tif Fai Llc
Bought by
Tif Fk B Hfs
Seller's Agent
STEPHANIE PERRONE
NOT A VALID MEMBER
Buyer's Agent
Penny Andrews
Knight & Drews, LLC.
List Price
$49,900
Sold Price
$51,000
Premium/Discount to List
$1,100
2.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2013
Sold by
Robinson Harold
Bought by
Tif Gai Llc

Purchase Details

Closed on
Sep 12, 2013
Sold by
Robinson Christopher
Bought by
Robinson Harold

Purchase Details

Closed on
May 1, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Robinson Christopher

Purchase Details

Closed on
Dec 4, 2012
Sold by
Homeward Residential Inc
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Nov 24, 2012
Sold by
Hughes Victor
Bought by
Jones Michelle and Allen Barbra

Purchase Details

Closed on
Jan 3, 2005
Sold by
Mortgage Mers Inc
Bought by
Hughes Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,600
Interest Rate
5.71%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 6, 2004
Sold by
Silvestre Enrique and Silvestre Luciana
Bought by
Mers Inc

Purchase Details

Closed on
Apr 29, 2003
Sold by
Bruno John I
Bought by
Silvestre Enrique and Silvestre Lucinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,760
Interest Rate
5.79%

Purchase Details

Closed on
Nov 28, 1999
Sold by
Bruno John I and Bruno Patricia F
Bought by
Iggy Rentals Llc

Purchase Details

Closed on
Nov 7, 1997
Sold by
Mcgiboney Guy and Mcgiboney Carol S
Bought by
Bruno John T and Bruno Patricia F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,184
Interest Rate
7.31%
Mortgage Type
New Conventional

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
Lanico Properties Llc -- --
Martinez Edilberto Alarcon $159,000 --
Almond Investments Llc $103,000 --
Dekel Properties Llc $85,000 --
Green Orchid Llc $51,000 --
Tif Fk B Hfs -- --
Tif Gai Llc $92,500 --
Robinson Harold -- --
Robinson Christopher $39,000 --
Federal Home Loan Mortgage Corporation $128,599 --
Homeward Residential Inc $128,599 --
Jones Michelle -- --
Hughes Victor $133,000 --
Mers Inc $135,000 --
Silvestre Enrique $135,800 --
Iggy Rentals Llc -- --
Bruno John T $11,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Montenegro Rodriguez Edilberto $200,000
Closed Martinez Edilberto Alarcon $119,250
Previous Owner Tif Fk B Hfs Llc $64,000,000
Previous Owner Hughes Victor $128,000
Previous Owner Hughes Victor $16,000
Previous Owner Hughes Victor $26,600
Previous Owner Silvestre Enrique $141,900
Previous Owner Silvestre Enrique $135,760
Previous Owner Bruno John I $110,600
Previous Owner Bruno John I- $90,000
Previous Owner Bruno John T $83,184
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2023 10/23/23 Sold $320,000 -1.5% $140 / Sq Ft
08/18/2023 08/18/23 Pending -- -- --
06/20/2023 06/20/23 For Sale $325,000 0.0% $142 / Sq Ft
06/01/2023 06/01/23 Rented $1,400 0.0% --
04/19/2023 04/19/23 For Rent $1,400 0.0% --
09/28/2022 09/28/22 Rented $1,400 -3.4% --
08/29/2022 08/29/22 For Rent $1,450 0.0% --
04/02/2020 04/02/20 Sold $159,000 0.0% $69 / Sq Ft
03/02/2020 03/02/20 Pending -- -- --
03/02/2020 03/02/20 For Sale $159,000 0.0% $69 / Sq Ft
02/20/2020 02/20/20 Pending -- -- --
02/18/2020 02/18/20 For Sale $159,000 0.0% $69 / Sq Ft
01/10/2020 01/10/20 Pending -- -- --
01/09/2020 01/09/20 For Sale $159,000 +211.8% $69 / Sq Ft
11/26/2014 11/26/14 Sold $51,000 +2.2% $22 / Sq Ft
11/10/2014 11/10/14 Pending -- -- --
10/30/2014 10/30/14 For Sale $49,900 -- $22 / 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 $3,012 $116,880 $6,400 $110,480
2023 $1,877 $67,280 $6,400 $60,880
2022 $1,699 $60,720 $6,400 $54,320
2021 $1,785 $57,160 $6,400 $50,760
2020 $1,696 $50,480 $6,400 $44,080
2019 $1,669 $48,920 $6,400 $42,520
2018 $808 $47,040 $6,400 $40,640
2017 $643 $18,720 $2,600 $16,120
2016 $643 $18,720 $2,600 $16,120
2015 $593 $15,720 $2,600 $13,120
2014 $566 $15,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Isabel Baron-Pineda

    Seller's Agent in 2023

    Isabel Baron-Pineda

    La Rosa Realty Georgia LLC

    (404) 518-1163

    1 in this area

    43 Total Sales

    Isabel Baron-Pineda
    Section Image
  • Angelica Briceno

    Buyer's Agent in 2023

    Angelica Briceno

    La Rosa Realty Georgia LLC

    (678) 516-6749

    2 in this area

    160 Total Sales

    Angelica Briceno
    Section Image

  • N

    Buyer's Agent in 2023

    NON-MLS NMLS

    Non FMLS Member

  • J

    Seller's Agent in 2020

    Jason Schneeberger

    Citiside Properties, LLC.

    (404) 509-2259

    45 Total Sales

    Jason Schneeberger
    Section Image

  • S

    Seller's Agent in 2014

    STEPHANIE PERRONE

    NOT A VALID MEMBER

  • P

    Buyer's Agent in 2014

    Penny Andrews

    Knight & Drews, LLC.

    (404) 454-9942

    94 Total Sales

    Penny Andrews
    Section Image
See All Agents

Map

Source: Georgia MLS

MLS Number: 10174492

Georgia MLS

APN: 0012000000088000

Georgia Newton County Covington 30016 Porterdale

53 Gum Tree Ct, Covington, GA

Homes for Sale in Covington, GA

This home is located at 53 Gum Tree Ct, Covington, GA 30016 since 20 June 2023 and is currently estimated at $310,638, approximately $135 per square foot. This property was built in 1997. 53 Gum Tree Ct is a home located in Newton County with nearby schools including West Newton Elementary School, Veterans Memorial Middle School, and Newton High School.

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