NOT LISTED FOR SALE

53 Gum Tree Ct Covington, GA 30016

Estimated Value: $265,000 - $310,000

Studio
4 Baths
2,288 Sq Ft
$128/Sq Ft Est. Value

Sale Details

Date Sold: October 23, 2023

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

Est. 9% decrease in value since last sale

Current estimated payment $1,863 / mo

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 Agent to Sell the Property

Isabel Baron-Pineda

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

La Rosa Realty Georgia LLC

Last Buyer's Agent

Angelica Briceno

La Rosa Realty Georgia LLC License #388482

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
  • 21,780 Sq Ft 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

0.5 Acres

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

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

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1699

Multi Family

  • GrossIncome: 33600
  • NumberOfUnitsTotal: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2020
Closed on
Apr 29, 2020
Sold by
Bought by
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
Current Estimated Value
$292,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,486
Avg. Annual Appreciation
10.40%
Original Mortgage
$119,250
Outstanding Balance
$104,531
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$187,955

Purchase Details

Listed on
Jan 9, 2020
Closed on
Apr 2, 2020
Sold by
Bought by
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
Outstanding Balance
$104,531
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$187,955

Purchase Details

Closed on
Dec 21, 2017
Sold by
Bought by

Purchase Details

Listed on
Oct 30, 2014
Closed on
Nov 26, 2014
Sold by
Bought by
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
16.37%

Purchase Details

Listed on
Oct 30, 2014
Closed on
Oct 31, 2014
Sold by
Bought by
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%

Purchase Details

Closed on
Oct 1, 2013
Sold by
Bought by

Purchase Details

Closed on
Sep 12, 2013
Sold by
Bought by

Purchase Details

Closed on
May 1, 2013
Sold by
Bought by

Purchase Details

Closed on
Dec 4, 2012
Sold by
Bought by

Purchase Details

Closed on
Nov 24, 2012
Sold by
Bought by

Purchase Details

Closed on
Jan 3, 2005
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Apr 29, 2003
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Nov 7, 1997
Sold by
Bought by

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
$159,000 --
$103,000 --
$85,000 --
$51,000 --
-- --
$92,500 --
-- --
$39,000 --
$128,599 --
$128,599 --
-- --
$133,000 --
$135,000 --
$135,800 --
-- --
$11,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $119,250
Previous Owner $26,600
Previous Owner $135,760
Previous Owner $83,184
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,424 $135,560 $16,000 $119,560
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

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Map

Source: Georgia MLS

MLS Number: 10174492

Georgia MLS

APN: 0012000000088000

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