71
Map
$420,000
●
House -
For Sale
312 Freeman Forest Drive
Newnan, GA 30265
3 Beds
2 Baths
2,122 Ft²
$2,375
Est. Monthly
About This Property
Ten out of Ten! LOCATION PLUS CONDITION make this home UBER
special! Located just 3/10 of a mile away, access the
community lake, pool WITH lazy river and playgrounds! This
ranch home is located on a cul-de-sac lot within Summergrove's
amenity-rich neighborhood and it has been perfected during the
Sellers' ownership. **Hot water heater is approx 1 year and roof
approx 5 years old**Updates include new interior paint, new light
fixtures, new carpet in the bedrooms, electric blinds in the living
spaces and primary bedroom, a new hot water heater, updated
landscaping, new appliances, and so much more! This split bedroom
plan offers open living spaces with natural light pouring in. The
primary bedroom is oversized with a space for a sitting room or a
nursery. A bonus room provides flexible space for an office or
hobby room. Outside, an expansive deck and patio area allows for
outdoor entertainment perfect for upcoming Fall! One lucky buyer
will have the opportunity to move into a remarkably well-cared-for
home!
Unit Size
2,122 Ft²
Days on Market
70 days
Land Size
0.41 acres
Price per sqft
$198
Property Type
House
Property Taxes
$312
HOA Dues
-
Year Built
2001
Listed By
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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: 23 days ago (GAMLS #10831554)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2026 | Listed by BHHS Georgia Properties | $420,000 | |
| Listed by BHHS Georgia Properties | |||
| Nov 22, 2024 | Sold | ||
| Sold | |||
| Oct 17, 2024 | In contract | - | |
| In contract | |||
| Oct 4, 2024 | Listed | $399,900 | |
| Listed | |||
| | |||
|
Much Sought-after Summergrove Ranch 4 bd/2ba homes on one of the larger lots (almost .5 AC) boasting privacy nestled on a cul de sac, New designer Pacific Wave roof 2023 with owens corning copper open valley for better drainage, as well as gutter guards. HVAC system only 6 years old. NEW LVP flooring installed throughout Great room, dining room, kitchen, breakfast eat-in area, laundry area and hallway to bonus room on 9/17/24. TWO NEW garage door openers installed 2024. Impressive master suite with sitting area including his and her closets along with vaulted ceilings and arched windows. Kitchen has granite counters with stainless steel appliances. All air vents have been professionally cleaned. Newly designed back patio area for game day, grilling, and even a covered area for entertaining. Summergrove amenities included 100 AC lake, 3 pools, tennis/pickleball courts, clubhouse, access to golfing, parks/playgrounds throughout, access to Linc walking path, easy access to shopping, hospitals, and schools. Close to I-85 and Atlanta Airport.
| |||
| Oct 1, 2024 | Price Decreased |
$399,900
↓ $7K
(1.6%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Attached, Garage, Garage Door Opener
Interior Details
Full Bathrooms: 2
Interior Features: Master On Main Level, Split Bedroom Plan
Appliances: Dishwasher, Disposal, Gas Water Heater, Microwave, Stainless Steel Appliance(s), Oven/Range (Combo)
Flooring Type: Carpet, Laminate, Tile
Laundry Features: In Kitchen
Has Fireplace
Fireplace Features: Factory Built, Gas Starter
Fireplaces: 1
Basement: None
Exterior Details
Square Footage: 2122
Square Footage Source: $0
Property Condition: Resale
Architectural Style: Craftsman, Brick Front
Year Built: 2001
Levels: One and One Half
Construction Materials: Brick, Stucco
Patio and Porch Features: Porch
Lot Features: Greenbelt
Lot Size Area: 17859.6
Lot Size Units: Square Feet
Lot Size Acres: 0.41
Lot Size Square Feet: 17859.6
Water Source: Public
Financial Details
Tax Annual Amount: $3,744
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central, Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Swimming, Tennis
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
Price/ft²
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Sold On
HOA + Taxes
About Summergrove
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Listed by: Tonya Jones Group, BHHS Georgia Properties
Last Updated: 23 days ago
Data Source: GAMLS, MLS# 10831554
Last Updated: 23 days ago
Data Source: GAMLS, MLS# 10831554
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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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