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Newton 30014
220 Oak Terrace Drive
$338,500
● House - Off Market

220 Oak Terrace Drive

Covington, GA 30016
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,765 Ft²
$350,432
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Welcome to this spacious 4 bedroom, 3 bathroom home. Freshly painted with new granite countertops in the kitchen and owner's suite, a secondary bedroom and full bathroom on the main floor, a large master suite, 2 story foyer, an upstairs loft, an open kitchen, formal dining, and a sunken family room with a fireplace. Take a step outside and enjoy the large leveled backyard waiting for your next family gathering. Whether you hang out in the backyard or head to the tennis courts or pool you will love your home. Especially when it's located close to schools, shopping, restaurants, and interstate 20. Amenities include a clubhouse, pool, and tennis. *****PLEASE VIEW THE VIRTUAL TOUR*****
Unit Size
2,765 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$121
Property Type
House
Property Taxes
$200
HOA Dues
$25
Year Built
2006

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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 #10092835)

Price History

Date / Event Date Event Price
Oct 24, 2022 Sold
Premium
Sold
Sep 13, 2022 Listed by Atlanta Communities $334,900
Listed by Atlanta Communities
Dec 26, 2014 Sold
Premium
Sold
Jun 13, 2006 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 13
  • 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: 10,019
  • Total Building Area: 2,765
  • Building Area: 2,765
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,765
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAKWOOD MANOR
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: LT 86 OAKWOOD MANOR UN1

Neighborhood

  • School District Name: Newton County School District
  • School Tax School District: 1
  • Census Tract: 100506

Zoning

  • Zoning: R1

Geography

  • Account Number: 12529
  • Parcel: 0026G-00000-086-000
  • Lot: 86
  • Municipality: COUNTY
  • Latitude: 33.5951
  • Longitude: -83.9249

    Address

  • Full Address: 220 Oak Terrace Dr
  • Address - House Number: 220
  • Address - Street Name: Oak Terrace
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Covington
  • Carrier Code: R013
  • 4-Digit Zip Code: 0243
  • Zip Code: 30016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $297,792
  • Tax Rate Code Area: TAX DISTRI

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 77
  • Final Value: 338,277
  • High Value: 396,641
  • Low Value: 279,912

    Market Valuation

  • Market Total Value: $298,800
  • Market Land Value: $20,000
  • Market Improvement Value: $278,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $119,520
  • Assessed Land Value: $8,000
  • Assessed Improvements Value: $111,520

    Sales

  • Current Sale Contract Date: Oct 24, 2022
  • Current Sale Recording Date: Oct 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-005484
  • Previous Sale Recording Date: Dec 26, 2014
  • Previous Sale Contract Date: Dec 26, 2014
  • Previous Sale Amount: $120,000
  • 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 Newton

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$159

Below Asking

0.02%

Average Days on Market

78

Average Home Size

2175 ft²

Average Home Age

30.1 years

Currently For Sale

640 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 3489 Fairview Road, GA, 30016

$2,315 /mo

  • 4 Beds
  • 2 Baths
  • 1,850 ft²
3489 Fairview Road #MAPLE, GA, 30016 Listing by Ross Rebhan
Unit for rent at 35 Montgomery Court, Covington, GA, 30016

$2,200 /mo

  • 4 Beds
  • 2 Baths
  • 2,198 ft²
35 Montgomery Court, Covington, GA, 30016

Rentals Near You

Click here to view more rentals in the neighborhood.
GAMLS

Listed by: Rockey Fields, Atlanta Communities
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10092835
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 220 Oak Terrace Drive built and last sold?
The property at 220 Oak Terrace Drive was built in 2006 and last sold on Oct 24, 2022 for $338,500.
How much is this home worth?
The estimated value of the home located at 220 Oak Terrace Drive is $343,818.
What are some comparable homes to 220 Oak Terrace Drive?
There are currently no comparable homes to 220 Oak Terrace Drive.
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