$319,900
●
House -
For Sale
220 Spring Lake Terrace
Covington, GA 30016
4 Beds
3 Baths
2,620 Ft²
$1,882
Est. Monthly
$44
HOA / Fees
About This Property
This one is a beauty! Recently remodeled with updated
features, there is formal dining and sep living room as well as the
step-down family room with fireplace. The kitchen is all new
with white cabinetry and granite tops. The upstairs primary
suite has a sitting area, luxury bath with sep tub and shower,
double vanity and new cabinetry. There is a guest bedroom and
full bath on the main level. Rounding it off with a patio,
private backyard and a 2 car garage. You are within walking
distance of schools and shopping. Located conveniently
between Covington and Conyers, easy access to I-20.
Unit Size
2,620 Ft²
Days on Market
23 days
Land Size
0.36 acres
Price per sqft
$122
Property Type
House
Property Taxes
$267
HOA Dues
$44
Year Built
2005
Listed By
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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: 9 days ago (GAMLS #10857656)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2026 | Listed by Keller Williams Realty Atl. Partners | $319,900 | |
| Listed by Keller Williams Realty Atl. Partners | |||
| Jul 10, 2026 | Sold | ||
| Sold | |||
| Jun 16, 2026 | In contract | - | |
| In contract | |||
| Jun 5, 2026 | Listed by Mainstay Brokerage | $159,900 | |
| Listed by Mainstay Brokerage | |||
   | |||
|
Design Your Dream Home From the Studs Up! Located on a fantastic 0.36-acre lot in Covington, this 2,620 sq ft property is ready for a total rebirth. Following a fire event, the interior requires a full down-to-the-studs renovation-giving a savvy investor or ambitious buyer the ultimate blank canvas to recreate a modern 4BR/3BA masterpiece. Excellent neighborhood comps in a highly desirable school district. Structurally substantial footprint featuring a 2-car garage and a level backyard. Cash, rehab loans, or hard money only.
| |||
| Aug 1, 2023 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Fireplace
Parking Details
Has Garage
Parking Features: Garage
Interior Details
Full Bathrooms: 3
Interior Features: Tray Ceiling(s), Walk-In Closet(s), Pulldown Attic Stairs
Appliances: Dishwasher, Microwave, Other, Oven/Range (Combo)
Flooring Type: Other
Laundry Features: Upper Level
Has Fireplace
Fireplace Features: Family Room
Fireplaces: 1
Basement: None
Exterior Details
Square Footage: 2620
Square Footage Source: $0
Property Condition: Resale
Architectural Style: Traditional
Year Built: 2005
Levels: Two
Construction Materials: Vinyl Siding
Patio and Porch Features: Patio
Lot Features: Level, Private
Lot Size Area: 15681.6
Lot Size Units: Square Feet
Lot Size Acres: 0.36
Lot Size Square Feet: 15681.6
Water Source: Public
Financial Details
Tax Annual Amount: $3,203
Utilities Details
Cooling Type: Ceiling Fan(s)
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Other, Swimming
HOA Fee: $530
HOA Fee Frequency: Annually
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
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: June Hyde, Keller Williams Realty Atl. Partners
Last Updated: 9 days ago
Data Source: GAMLS, MLS# 10857656
Last Updated: 9 days ago
Data Source: GAMLS, MLS# 10857656
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.
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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