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Springfield 31329
106 Covenant Lane
$302,000
● House - Off Market

106 Covenant Lane

Springfield, GA 31329
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,952 Ft²
$1,624
Est. Monthly
7.90%
Cap Rate

About This Property

This well-maintained home features a split floor plan with 3 bedrooms, 2 bathrooms, and 1,952 sqft of living space. The inviting front porch leads to a spacious living room with vaulted ceilings. The kitchen offers plenty of counter and cabinet space, perfect for all your cooking needs. A versatile flex space off the kitchen, complete with a closet, can be used as a 4th bedroom. Additional highlights include a 2-car garage, back porch, and a fenced yard. Don't miss out - schedule your private showing today!
Unit Size
1,952 Ft²
Days on Market
37 days
Land Size
0.56 acres
Price per sqft
$146
Property Type
House
Property Taxes
$225
HOA Dues
-
Year Built
2008

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 7 months ago (GAMLS #10480479)

Price History

Date / Event Date Event Price
Apr 23, 2025 Sold
Premium
Sold
Mar 25, 2025 In contract -
In contract
Mar 17, 2025 Listed by Keller Williams Realty Coastal $285,000
Listed by Keller Williams Realty Coastal
Jul 12, 2019 No longer available -
No longer available
Jul 10, 2019 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2012
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 14
  • Roof Cover Type: 11
  • Floor Count: 100
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 483
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,394
  • Total Building Area: 1,952
  • Building Area: 1,952
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,952
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CEDAR CREEK
  • Land Acres: 0000000560
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: .56 AC LOT 37 (OUT 75-44)

Neighborhood

  • School District Name: Effingham County School District
  • School Tax School District: DISTRICT 04
  • Census Tract: 030205

Zoning

  • Zoning: R-1

Geography

  • Account Number: 26915
  • District: 11
  • Subdivision Phase Number: 2
  • Parcel: S1140037
  • Block: II
  • Lot: 37
  • Municipality: SPRINGFIELD
  • Latitude: 32.3818
  • Longitude: -81.3117

    Address

  • Full Address: 106 Covenant Ln
  • Address - House Number: 106
  • Address - Street Name: Covenant
  • Address - Suffix Type: Ln
  • State: GA
  • City Name: Springfield
  • Carrier Code: R001
  • 4-Digit Zip Code: 4233
  • Zip Code: 31329

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $195,515
  • Tax Rate Code Area: DISTRICT 0

    Appraisal Valuation

  • Standard Deviation: 0.1848
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 315,118
  • High Value: 373,389
  • Low Value: 256,848

    Market Valuation

  • Market Total Value: $213,107
  • Market Land Value: $40,000
  • Market Improvement Value: $173,107

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $85,243
  • Assessed Land Value: $16,000
  • Assessed Improvements Value: $69,243

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 10, 2019
  • Current Sale Recording Date: Jul 10, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019-001891
  • Previous Sale Recording Date: Aug 05, 2016
  • Previous Sale Contract Date: Aug 05, 2016
  • Previous Sale Amount: $143,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Springfield

Stats & Trends

Median Asking:

$279,900

Sale Price/ft²

$192

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2400 ft²

Average Home Age

48 years

Currently For Sale

4 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 121 Overstreet Way, Springfield, GA, 31329

$2,075 /mo

  • 4 Beds
  • 2 Baths
  • 1,927 ft²
121 Overstreet Way, Springfield, GA, 31329
Unit for rent at 109 Saint Matthew Way, Springfield, GA, 31329

$2,295 /mo

  • 4 Beds
  • 2 Baths
  • 2,127 ft²
109 Saint Matthew Way, Springfield, GA, 31329

Rentals Near You

Click here to view more rentals in the neighborhood.
GAMLS

Listed by: Chelsey Pevey, Keller Williams Realty Coastal
Last Updated: 7 months ago
Data Source: GAMLS, MLS# 10480479
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 106 Covenant Lane built and last sold?
The property at 106 Covenant Lane was built in 2008 and last sold on Jul 10, 2019 for $168,800.
How much is this home worth?
The estimated value of the home located at 106 Covenant Lane is $278,564.
What are some comparable homes to 106 Covenant Lane?
There are currently no comparable homes to 106 Covenant Lane.
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