53 Gum Tree Ct Covington, GA 30016
--
Bed
--
Bath
2,288
Sq Ft
0.5
Acres
About This Home
As of October 2023Investor 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,699
Year Built
- Built in 1997
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
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
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
Map
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | $159,000 | -- | |
| Warranty Deed | $103,000 | -- | |
| Warranty Deed | $85,000 | -- | |
| Warranty Deed | $51,000 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $92,500 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $39,000 | -- | |
| Warranty Deed | $128,599 | -- | |
| Foreclosure Deed | $128,599 | -- | |
| Warranty Deed | -- | -- | |
| Deed | $133,000 | -- | |
| Foreclosure Deed | $135,000 | -- | |
| Deed | $135,800 | -- | |
| Warranty Deed | -- | -- | |
| Deed | $11,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | New Conventional | |
| Closed | $119,250 | New Conventional | |
| Previous Owner | $64,000,000 | New Conventional | |
| Previous Owner | $128,000 | Stand Alone Second | |
| Previous Owner | $16,000 | Stand Alone Second | |
| Previous Owner | $26,600 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $141,900 | Stand Alone Second | |
| Previous Owner | $135,760 | No Value Available | |
| Previous Owner | $110,600 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $90,000 | New Conventional | |
| Previous Owner | $83,184 | New Conventional |
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
| 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
Source: Georgia MLS
MLS Number: 10174492
APN: 0012000000088000
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