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Newton 30014
20 Cambridge Drive
$55,000
● Land - Off Market

20 Cambridge Drive

Covington, GA 30014
bedrooms
Studio
bathrooms
0 Bath
$56,865
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Cambridge Estates - 1 Lot Available Cambridge is a neighborhood of homes in Covington, Georgia offering an assortment of beautiful styles, varying sizes and affordable prices to choose from. Cambridge homes for sale range in square footage from around 1,600 square feet to over 5,500 square feet and sell in the $350,000s to $450,000s range. This 2-Acre Lot lends itself to building a comfortable 4-bedroomed home complete with in-ground pool. The lot is also within walking distance to East Newton Elementary. Zoned for East Newton ES and Indian Creek MS and Eastside HS. Call today to schedule an appointment for your viewing.
Unit Size
-
Days on Market
-
Land Size
2.03 acres
Price per sqft
-
Property Type
Land
Property Taxes
$0
HOA Dues
-
Year Built
-

Payment Calculator

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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: 3 years ago (GAMLS #20057664)

Price History

Date / Event Date Event Price
Sep 8, 2022 Sold
Premium
Sold
Jul 11, 2022 Listed by Norton Commercial Acreage Grp $55,000
Listed by Norton Commercial Acreage Grp
Jul 16, 2010 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 88,427
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: CAMBRIDGE PHASE I & II
  • Land Acres: 0000002030
  • Standard Land Use Code: 8001
  • County Land Use Code: R3
  • Legal Description 1: LT 2 CAMBRIDGE PHS TWO

Neighborhood

  • School District Name: Newton County School District
  • School Tax School District: 1
  • Census Tract: 100204

Zoning

  • Zoning: AR

Geography

  • Account Number: 32570
  • Subdivision Phase Number: 2
  • Parcel: 0102B-00000-007-000
  • Lot: 2
  • Municipality: COUNTY
  • Latitude: 33.5407
  • Longitude: -83.7952

    Address

  • Full Address: 20 Cambridge Dr
  • Address - House Number: 20
  • Address - Street Name: Cambridge
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Covington
  • Carrier Code: R004
  • 4-Digit Zip Code: 9405
  • Zip Code: 30014

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $42,455
  • Tax Rate Code Area: TAX DISTRI

    Market Valuation

  • Market Total Value: $50,000
  • Market Land Value: $50,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,000
  • Assessed Land Value: $20,000

    Sales

  • Current Sale Contract Date: Aug 30, 2022
  • Current Sale Recording Date: Sep 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-004698
  • Previous Sale Recording Date: Jul 16, 2010
  • Previous Sale Contract Date: Jul 06, 2010
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: 34

    Previous Mortgages

  • Previous Mortgage Transaction Date:
    Premium
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:

$325,000

Sale Price/ft²

$159

Below Asking

0.02%

Average Days on Market

77

Average Home Size

2140 ft²

Average Home Age

30.8 years

Currently For Sale

635 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 155 Craines View, Covington, GA, 30014

$2,800 /mo

  • 5 Beds
  • 3 Baths
  • 3,584 ft²
155 Craines View, Covington, GA, 30014

Rentals Near You

Click here to view more rentals in the neighborhood.
GAMLS

Listed by: Stephen Lovett, Norton Commercial Acreage Grp
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 20057664
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 20 Cambridge Drive built and last sold?
The property at 20 Cambridge Drive was built in and last sold on Aug 30, 2022 for $55,000.
How much is this home worth?
The estimated value of the home located at 20 Cambridge Drive is $55,550.
What are some comparable homes to 20 Cambridge Drive?
There are currently no comparable homes to 20 Cambridge Drive.
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