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  • $49,000

    747 S Highway 162, Covington, GA 30016

    3beds
    968sqft
    Single Family Residence, Residential
    Built in 1960
    0.51 Acres Lot
    $-- Zestimate®
    $51/sqft
    $1,738 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,738/mo

    Zestimate® history
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    What's special

    Office spaceStrong local economy
    PRICE IMPROVEMENT! Introducing an exceptional value-add property located in Covington, GA, this property offers immense potential for investors seeking a rewarding opportunity. Situated on a fantastic lot spanning half acre, this property presents an exciting prospect for a total renovation and the possibility of conversion into a commercial space. *********Great value add opportunity******** With a total renovation needed, this property provides an ideal canvas for investors looking to add value and maximize their returns. The opportunity to transform the property from its current state into a modern and appealing space ensures that investors can capitalize on the demand for updated properties in the area. The location in Covington, GA, further enhances the property's appeal. Covington is a bustling city with a strong local economy and a growing population. Its strategic location, just a short distance from Atlanta, makes it an attractive destination for businesses and residents alike. This means that converting the property into a commercial space would tap into the thriving local market and offer a myriad of potential revenue streams. The potential for conversion into a commercial space adds significant value to this property. With the ability to explore various options such as retail, office space, or even a restaurant, investors have the freedom to choose the most lucrative and suitable use for their investment goals. Covington's growing commercial sector and favorable business climate make this property an excellent choice for investors looking to capitalize on the city's economic growth. In conclusion, this value-add property in Covington, GA, offers a remarkable opportunity for investors seeking a total renovation project with the potential for conversion into a commercial space. With the need for renovation, a superb lot, and the ability to tap into a thriving local market, this property presents an enticing investment opportunity for the right buyer SEEKING FOR CASH OFFERS ONLY!

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Felipa Manaiza,

    Smart Realty Corp.

    Bought with:

    Christopher Osagie, 374763

    Fathom Realty GA, LLC.

    Source: FMLS GA,MLS#: 7260581MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 3
    Primary bedroom
    • Features: None
    • Level: None
    Bedroom
    • Features: None
    Primary bathroom
    • Features: None
    Dining room
    • Features: None
    Kitchen
    • Features: None
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Other
    • Laundry: None
    Features
    • Other
    • Flooring: Hardwood
    • Windows: None
    • Basement: None
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 968
    • Total interior livable area: 968 sqft

    Property

    Parking
    • Parking features: Driveway
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: None
    • Exterior features: Other, No Dock
    • Pool features: None
    • Spa features: None
    • Fencing: None
    • Has view: Yes
    • View description: Other
    • Waterfront features: None
    • Body of water: None
    Lot
    • Size: 0.51 Acres
    • Features: Other
    Details
    • Additional structures: None
    • Parcel number: 0046A00000051000
    • Other equipment: None
    • Horse amenities: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: A-Frame
    • Property subtype: Single Family Residence, Residential
    Materials
    • Frame
    • Foundation: Concrete Perimeter
    • Roof: Other
    Condition
    • Fixer
    • New construction: No
    • Year built: 1960

    Utilities & green energy

    • Electric: Other
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available
    Green energy
    • Energy efficient items: None
    • Energy generation: None

    Community & neighborhood

    Security
    • Security features: None
    Community
    • Community features: None
    Location
    • Region: Covington
    • Subdivision: River North Estates

    Other

    Other facts
    • Road surface type: Concrete

    Price history

    DateEventPrice
    9/22/2023Sold$49,000$51/sqft
    Source: FMLS GA #7260581 Report a problem
    9/15/2023Pending sale$49,000$51/sqft
    Source: FMLS GA #7260581 Report a problem
    9/9/2023Price change$49,000-16.9%$51/sqft
    Source: FMLS GA #7260581 Report a problem
    8/28/2023Price change$59,000-14.5%$61/sqft
    Source: FMLS GA #7260581 Report a problem
    8/18/2023Price change$69,000-12.7%$71/sqft
    Source: FMLS GA #7260581 Report a problem
    8/13/2023Listed for sale$79,000+1028.6%$82/sqft
    Source: FMLS GA #7260581 Report a problem
    1/12/2023Sold$7,000+113.8%$7/sqft
    Source: Public Record Report a problem
    12/4/2018Sold$3,274$3/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$631 +31.8%$25,280 +31.4%
    2024$479 +13.6%$19,240 +15.6%
    2023$422 +6.6%$16,640 +22.4%
    2022$395 +18.5%$13,600 +23.6%
    2021$334 -9.8%$11,000 +1.5%
    2020$370 +0.1%$10,840 +0.7%
    2019$369 -1.1%$10,760 -1.1%
    2018$374 +47.8%$10,880 +47.8%
    2017$253 $7,360 +12.2%
    2016$253 $6,560 +14.7%
    2015$253 +125.8%$5,720 -19.7%
    2014$112 $7,120 +5.3%
    2013-- $6,760 -2.3%
    2012-- $6,920 -34.7%
    2011-- $10,600 -1.5%
    2010-- $10,760 -5.3%
    2009-- $11,360 -60.1%
    2007$14 -7.4%$28,500 -4.4%
    2006$16 +136.2%$29,800 +80.6%
    2005$7 -32.1%$16,500 -26%
    2004$10 +20.4%$22,300 +10.9%
    2003$8 -0.1%$20,100
    2002$8 -63.7%$20,100
    2001$22 -6.1%$20,100 +4.1%
    2000$24 $19,300

    Find assessor info on the county website

    Neighborhood: 30016

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: South Salem
    • Middle: Liberty - Newton
    • High: Alcovy

    Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.