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Newton 30016
185 Cypress Drive
Listing Courtesy of: Rodney Hill, Keller Williams Lanier Partners
$261,771
● House - Off Market

185 Cypress Drive

Covington, GA 30016
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,940 Ft²
$1,392
Est. Monthly
9.55%
Cap Rate

About This Property

Well maintained ranch on a nice level oversized lot. Come check out this very clean and updated four bedroom and two bath property. Zero steps anywhere. The home offers newer appliances, granite counter tops, tile floors, and hardwood in the common areas. It has a nice sized master suite with a ensuite that has double vanities, separate tub and shower, and tile floors. The vaulted ceilings gives the house a even larger feel than it already is. The sub division has no HOA's or rules. This is a great property at a very good price for the amount of square footage.
Unit Size
1,940 Ft²
Days on Market
-
Land Size
0.83 acres
Price per sqft
$128
Property Type
House
Property Taxes
$168
HOA Dues
-
Year Built
2001

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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: 2 years ago (FMLS #7470785)

Price History

Date / Event Date Event Price
Nov 27, 2024 Sold
Premium
Sold
Nov 7, 2024 In contract -
In contract
Oct 22, 2024 Relisted $249,000
Relisted
Oct 19, 2024 In contract -
In contract
Oct 11, 2024 Listed by Keller Williams Lanier Partners $249,000
Listed by Keller Williams Lanier Partners
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2010
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 36,155
  • Total Building Area: 1,940
  • Building Area: 1,940
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,940
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CYPRESS POINTE
  • Land Acres: 0000000830
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: LT 105 CYPRESS POINT UN1

Neighborhood

  • School District Name: Newton County School District
  • School Tax School District: 1
  • Census Tract: 100801

Zoning

  • Zoning: R1

Geography

  • Account Number: 22814
  • Parcel: 0050C-00000-018-000
  • Lot: 105
  • Municipality: COUNTY
  • Latitude: 33.4768
  • Longitude: -83.9087

    Address

  • Full Address: 185 Cypress Dr
  • Address - House Number: 185
  • Address - Street Name: Cypress
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Covington
  • Carrier Code: R032
  • 4-Digit Zip Code: 5586
  • Zip Code: 30016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $234,716
  • Tax Rate Code Area: TAX DISTRI

    Appraisal Valuation

  • Standard Deviation: 0.1935
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 290,859
  • High Value: 347,160
  • Low Value: 234,557

    Market Valuation

  • Market Total Value: $248,600
  • Market Land Value: $20,000
  • Market Improvement Value: $228,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $99,440
  • Assessed Land Value: $8,000
  • Assessed Improvements Value: $91,440

    Sales

  • Current Sale Contract Date: Sep 27, 2021
  • Current Sale Recording Date: Sep 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-005356
  • Previous Sale Recording Date: Jul 13, 2021
  • Previous Sale Contract Date: Jul 13, 2021
  • Previous Sale Amount: $213,500
  • 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 Newton

Stats & Trends

Median Asking:

$315,250

Sale Price/ft²

$159

Below Asking

0.02%

Average Days on Market

66

Average Home Size

2186 ft²

Average Home Age

30 years

Currently For Sale

987 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

Rentals Near You

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FMLS

Listed by: Rodney Hill, Keller Williams Lanier Partners
Last Updated: 2 years ago
Data Source: FMLS, MLS# 7470785
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2026 FMLS.

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Frequently Asked Questions

When was property at 185 Cypress Drive built and last sold?
The property at 185 Cypress Drive was built in 2001 and last sold on Sep 27, 2021 for $222,000.
How much is this home worth?
The estimated value of the home located at 185 Cypress Drive is $0.
What are some comparable homes to 185 Cypress Drive?
There are currently no comparable homes to 185 Cypress Drive.
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