$350,000
●
House -
Off Market
179 Manders Trail
Covington, GA 30014
2 Beds
1 Bath
800 Ft²
$421,733
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model
About This Property
This home has extensive renovations done and being done.
Seller has a life change that has made completing this
project unrealistic for them. They have made substantial
improvements and it is ready for you to finish to your taste.
This lot has some of the best views. 180 degree view of
the water. It is just far enough from the lake and out of the
GA Power Project boundary. That will allow you to add
addition to the home. You can enjoy this as a weekend cabin
or increase size to make this your forever home. With over
450 feet of water frontage and just upstream for the power lines
and south of the 212 bridge it is on one of the largest areas of
water on the lake. You'll enjoy the sunrise views in the
morning and afternoon shade.
Unit Size
800 Ft²
Days on Market
-
Land Size
1.26 acres
Price per sqft
$487
Property Type
House
Property Taxes
$42
HOA Dues
-
Year Built
1951
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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: 3 years ago (GAMLS #9079106)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 25, 2022 | No longer available | - | |
| No longer available | |||
| Jan 24, 2022 | Sold | ||
| Sold | |||
| Jan 12, 2022 | In contract | - | |
| In contract | |||
| Nov 23, 2021 | Listed by Solid Source Realty GA, LLC. | $425,000 | |
| Listed by Solid Source Realty GA, LLC. | |||
| | |||
|
This home has extensive renovations done and being done. Seller has a life change that has made completing this project unrealistic for them. They have made substantial improvements and it is ready for you to finish to your taste. This lot has some of the best views. 180 degree view of the water. It is just far enough from the lake and out of the GA Power Project boundary. That will allow you to add addition to the home. You can enjoy this as a weekend cabin or increase size to make this your forever home. With over 450 feet of water frontage and just upstream f or the power lines and south of the 212 bridge it is on one of the largest areas of water on the lake. You'll enjoy the sunrise views in the morning and afternoon shade. The manager has listed the unit size as 800 square feet.
| |||
| Nov 8, 2021 | Listed by HomeSmart | $389,900 | |
| Listed by HomeSmart | |||
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Property Highlights
Parking Available
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Newton
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Listed by: Brent Fisher, HomeSmart
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 9079106
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 9079106
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The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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.
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