NOT LISTED FOR SALE

552 Island Shoals Rd Covington, GA 30016

Estimated Value: $502,000 - $1,241,285

100 Acres
$7,661 Price per Acre
4,356,000 Sq Ft Lot

Last Sold October 20, 2023

Last sale price $925,000 $653 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $4,843/month

293 Days on Market

Highlights

  • 1,000 Feet of Waterfront
  • Home fronts a pond
  • Gated Community
  • Barn
  • Lake On Lot
  • 100 Acre Lot

About This Lot

As of October 2023

Lifestyle opportunity featuring privacy, peace and serenity in this diverse acreage set between Island Shoals Rd., and the South River. The 100 (+/-) acres features over 1/2 mile of water frontage including a 10 acre lake, 1+ acre pond, and 1,000 ft of river frontage with gentle topography, cleared areas and mixed hardwood & pine woodlands. The wildlife on the property is as abundant and has multiple features that are perfect for personal hunting, trail riding, UTV trail, mountain biking, fishing, kayaking, camping retreat, or building your dream estate home. With the appropriate preparations and permits, utilize this beautiful land for a tiny-house Airbnb & glamping property. Sunsets on the lake, early morning trail walks along the river, evenings around firepits enjoying the solitude that only a large tract can offer. So far from the day-to-day hustle, but close to the local towns, Atlanta and all that the area has to offer. There is a 30 x 48 metal barn. The current owners have tended to and improved the land since they purchased - they have a home site selected, with views overlooking the main lake. This is something special!

Last Agent to Sell the Property

RPM Home Advisors

NOT A VALID MEMBER Listed on: 10/20/2022

NOT A VALID MEMBER

Co-Listed By

Pam Ahern

Keller Wms Re Atl Midtown License #204442

Keller Wms Re Atl Midtown

Last Buyer's Agent

Pam Ahern

Keller Wms Re Atl Midtown License #204442

Keller Wms Re Atl Midtown

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,479

Lot Details

  • 100 Acre Lot
  • Lot Dimensions are 1048x3921x1170x3664
  • Home fronts a pond
  • 1,000 Feet of Waterfront
  • Lake Front
  • River Front
  • Property fronts a county road
  • Split Rail Fence
  • Partially Fenced Property
  • Chain Link Fence
  • Brush Vegetation
  • Private Lot
  • Level Lot
  • Cleared Lot
  • Pine Trees
  • Wooded Lot
  • Property is zoned R1

Schools

  • Rocky Plains Elementary School
  • Indian Creek Middle School
  • Alcovy High School

Additional Features

  • Rural Views
  • Barn

Listing and Financial Details

  • Assessor Parcel Number 0033000000016000

Community Details

Security

  • Gated Community

Recreation

  • Navigable River on Lot
  • Lake On Lot

Property Details

Property Type

Land

Est. Annual Taxes

$5,479

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Legal Description: see attached
  • Property Type: Land
  • MLS Status: Closed
  • Property Sub Type: Unimproved Land
  • Current Classification: Undeveloped/Zoned Residential
  • Special Features: None

Property Details

  • Property: Land

Exterior Features

  • Other Structures: Barn(s)
  • Waterfront Frontage: 1000
  • Fencing: Chain Link, Fenced, Partial, Split Rail
  • View: Rural

Utilities

  • Security: Security Gate
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Community Features: Gated

Schools

  • Elementary School: Rocky Plains
  • Middle School: Indian Creek
  • High School: Alcovy

Lot Info

  • Acres: 100.0000
  • Timber: Hardwoods, Mixed, Pine
  • Possible Use: Farm, Horses, Mobile Home, Recreational, Residential, Resort
  • Current Zoning: R1
  • Current Use: Hunting, Recreational, Residential
  • Lot Features: Lake On Lot, Level, Navigable River On Lot, Private
  • Lot Dimensions: 1048x3921x1170x3664
  • Parcel Number: 0033000000016000
  • Price Acre Dollar: 9250.00
  • Horse Amenities: None
  • Property Attached Yn: No

Tax Info

  • Taxes: 5479.00
  • Assessor Parcel Number: 0033000000016000
  • Additional Assessor Parcel Numbers: 0033000000018000,0033000000019000
  • Close Date: 2023-10-20
  • Tax Year: 2021

Multi Family

  • Waterfront Features: Lake Front, Pond, River Front

MLS Schools

  • Elementary School: Rocky Plains
  • High School: Alcovy
  • Middle School: Indian Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2022
Closed on
Oct 20, 2023
Sold by
Storie Ronald
Bought by
Island Shoals Llc
Seller's Agent
RPM Home Advisors
NOT A VALID MEMBER
Buyer's Agent
Pam Ahern
Keller Wms Re Atl Midtown
List Price
$995,000
Sold Price
$925,000
Premium/Discount to List
-$70,000
-7.04%
Views
426
Current Estimated Value
$766,095

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$158,905
Avg. Annual Appreciation
-11.06%

Purchase Details

Closed on
Mar 21, 2019
Sold by
Maynard Clara-Anita M Estate
Bought by
Saxe-Storie Storie Ronald and Saxe-Storie Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2019
Sold by
Cantrell Elaine
Bought by
Maynard Clara-Anita M Estate and Maynard James B Executor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,000
Interest Rate
4.3%
Mortgage Type
New Conventional
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
Island Shoals Llc $925,000 --
Saxe-Storie Storie Ronald $380,000 --
Maynard Clara-Anita M Estate -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saxe-Storie Storie Ronald $323,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2023 10/20/23 Sold $925,000 -7.0% $653 / Sq Ft
08/09/2023 08/09/23 Pending -- -- --
06/21/2023 06/21/23 For Sale $995,000 0.0% $703 / Sq Ft
06/16/2023 06/16/23 Pending -- -- --
10/20/2022 10/20/22 For Sale $995,000 -- $703 / Sq Ft
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 $9,559 $377,360 $316,520 $60,840
2023 $9,313 $343,240 $316,520 $26,720
2022 $4,943 $182,160 $157,320 $24,840
2021 $5,479 $180,680 $157,320 $23,360
2020 $6,033 $179,560 $157,320 $22,240
2019 $5,600 $164,160 $157,320 $6,840
2018 $5,626 $163,880 $157,320 $6,560
2017 $5,434 $158,280 $152,680 $5,600
2016 $3,630 $134,960 $129,360 $5,600
2015 $3,975 $145,040 $139,160 $5,880
2014 $3,492 $131,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7132241

First Multiple Listing Service (FMLS)

APN: 0033000000016000