$72,000
SOLD APR 30, 2014

5647 Salem Rd Covington, GA 30016

3 Beds
2 Baths
2,248 Sq Ft
1 Acres

Recently Sold

$32 Per Sq Ft

4% Above List Price

137 Days on Market

About This Home

As of May 2020

Great fixer upper! After renovations, living area will increase and so will the value!!!! Beautiful eye appeal!

Last Agent to Sell the Property

Jim McElroy

RE/MAX Around Atlanta East License #14396 Listed on: 10/31/2013

Last Buyer's Agent

Charlotte Johnson

The American Realty License #123162

The American Realty

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $4,704

Year Built

  • 1999

Home Design

  • Slab Foundation

Finished Basement

  • Walk-Out Basement
  • Partial Basement
  • Finished Basement Bathroom
  • Natural lighting in basement

Schools

  • South Salem / Newton / Newton County Elementary School
  • Liberty / Newton / Newton County Middle School
  • Alcovy / Newton / Newton County High School

Utilities

  • Electric Water Heater
  • Septic Tank

Property Details

Home Type

Other

Est. Annual Taxes

$4,704

Year Built

1999

Lot Details

0

Listing Details

  • Special Features: None
  • Year Built: 1999

Interior Features

  • Fireplace(s): 2, In Great/Family Room, Masonry
  • Basement: Bath Finished, Daylight, Inside Entrance, Outside Entrance, Finished Rooms, Partial, Slab/None
  • Interior Amenities: Cable TV Connections, Ceilings 9 Ft Plus, Pulldown Attic Stairs, Walk-in Closet
  • Laundry Location: Hall
  • Laundry Type: Room

Exterior Features

  • Construction: Stucco Unspecified
  • Exterior Features: Balcony, Deck/Patio
  • Roof Type: Composition

Garage/Parking

  • Parking: 2 Car, Attached, Drive Under/Basement, Garage

Utilities

  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Heating: No Heating
  • Energy Features: Electric Water Heater
  • Water/Sewer: Public Water, Septic Tank

Schools

  • Elementary School: South Salem / Newton / Newton County, GA
  • Elementary Bus Line: Yes
  • High School: Alcovy / Newton / Newton County, GA
  • High School Bus: Yes
  • Middle School: Liberty / Newton / Newton County, GA
  • Middle School Bus: Yes

Lot Info

  • Lot Description: Level Lot, Open Land, Private Backyard
  • Lot Size: 1/2 - 1 Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2020
Closed on
May 15, 2020
Sold by
Najarian Capital Llc
Bought by
Walker Richard
Seller's Agent
Zareh Najarian
Jar House LLC
Buyer's Agent
Pheloundashea Copeland
Keller Williams Realty Atl Partners
List Price
$185,900
Sold Price
$182,400
Premium/Discount to List
-$3,500
-1.88%
Current Estimated Value
$354,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,428
Avg. Annual Appreciation
14.49%
Original Mortgage
$173,280
Outstanding Balance
$155,219
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$208,555

Purchase Details

Closed on
Aug 7, 2019
Sold by
Stinchcomb George W
Bought by
Najarian Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,125
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 31, 2013
Closed on
Apr 28, 2014
Sold by
Equity Trust Co Custodian
Bought by
Stinchcomb George W
Seller's Agent
Jim McElroy
RE/MAX Around Atlanta East
Buyer's Agent
Charlotte Johnson
The American Realty
List Price
$69,000
Sold Price
$72,000
Premium/Discount to List
$3,000
4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.64%
Original Mortgage
$70,695
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 27, 2013
Sold by
Alexander Malinda R
Bought by
Talley Nancy R and Talley Lester W

Purchase Details

Closed on
Nov 2, 2010
Sold by
Walker Richard E
Bought by
Newton Co 5649 Salem Road L Tr
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 Type Sale Price Title Company
Warranty Deed $182,400 --
Warranty Deed $100,000 --
Warranty Deed $72,000 --
Warranty Deed -- --
Warranty Deed $52,500 --
Deed $35,301 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $173,280 New Conventional
Previous Owner $87,125 New Conventional
Previous Owner $3,977 FHA
Previous Owner $70,695 FHA
Previous Owner $140,000 Stand Alone Second
Previous Owner $138,600 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2020 05/15/20 Sold $182,400 -1.9% $81 / Sq Ft
03/10/2020 03/10/20 Pending -- -- --
03/02/2020 03/02/20 For Sale $185,900 +158.2% $83 / Sq Ft
04/30/2014 04/30/14 Sold $72,000 +4.3% $32 / Sq Ft
03/17/2014 03/17/14 Pending -- -- --
03/14/2014 03/14/14 For Sale $69,000 0.0% $31 / Sq Ft
03/04/2014 03/04/14 Pending -- -- --
10/31/2013 10/31/13 For Sale $69,000 -- $31 / 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 $4,704 $189,560 $7,400 $182,160
2023 $4,724 $177,960 $7,400 $170,560
2022 $2,639 $101,120 $7,400 $93,720
2021 $1,868 $65,480 $4,800 $60,680
2020 $1,658 $49,360 $4,800 $44,560
2019 $972 $32,400 $4,800 $27,600
2018 $929 $30,960 $4,800 $26,160
2017 $869 $29,200 $3,600 $25,600
2016 $869 $29,200 $3,600 $25,600
2015 $855 $29,320 $3,600 $25,720
2014 $719 $28,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Zareh Najarian

    Seller's Agent in 2020

    Zareh Najarian

    Jar House LLC

    (470) 585-0862

    20 in this area

    972 Total Sales

    Zareh Najarian
    Section Image
  • Pheloundashea Copeland

    Buyer's Agent in 2020

    Pheloundashea Copeland

    Keller Williams Realty Atl Partners

    (678) 252-1950

    37 Total Sales

    Pheloundashea Copeland
    Section Image

  • J

    Seller's Agent in 2014

    Jim McElroy

    RE/MAX

  • Charlotte Johnson

    Buyer's Agent in 2014

    Charlotte Johnson

    The American Realty

    (678) 794-0995

    15 in this area

    53 Total Sales

    Charlotte Johnson
    Section Image
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Map

Source: Georgia MLS

MLS Number: 07177598

Georgia MLS

APN: 0028000000143A00

Georgia Newton County Covington 30016

5647 Salem Rd, Covington, GA

This home is located at 5647 Salem Rd, Covington, GA 30016 and is currently priced at $72,000, approximately $32 per square foot. This property was built in 1999. 5647 Salem Rd is a home located in Newton County with nearby schools including South Salem Elementary School, Liberty Middle School, and Alcovy High School.

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