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Newton 30014
350 Polk Road
Listing Courtesy of: June Hyde, Keller Williams Realty Atl Partners
$335,710
● House - Off Market

350 Polk Road

Covington, GA 30014
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,260 Ft²
$1,726
Est. Monthly
6.19%
Cap Rate

About This Property

This Jackson Lake water front home features 3 bedrooms and 2 baths.   Outstanding location provides vast water views on three sides.  The master bedroom, kitchen, den, dining room all have big windows with great views of deep water.  The home is  a blank canvas waiting for your updates and personal touches to make it a place to call home.  The home is located at the end of the road and then opens to the lake.  The view is fantastic with a dock.  Sit on the covered back deck and enjoy the scene!  3 bedrooms, 2 baths (the bathrooms need to be put back together).  The walk in crawl space has area for storage.
Unit Size
1,260 Ft²
Days on Market
-
Land Size
0.87 acres
Price per sqft
$258
Property Type
House
Property Taxes
$130
HOA Dues
-
Year Built
1960

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #7510407)

Price History

Date / Event Date Event Price
Feb 28, 2025 Sold
Premium
Sold
Feb 7, 2025 In contract -
In contract
Jan 15, 2025 Listed by Keller Williams Realty Atl Partners $324,900
Listed by Keller Williams Realty Atl Partners
Jun 2, 2003 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1985
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • 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: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 37,897
  • Total Building Area: 1,260
  • Building Area: 1,260
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GA POWER LOTS
  • Land Acres: 0000000870
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: LT46 AREA6 .876 ACRE

Neighborhood

  • School District Name: Newton County School District
  • School Tax School District: 1
  • Census Tract: 100802

Zoning

  • Zoning: R1

Geography

  • Account Number: 42280
  • Parcel: GP75A-00000-079-000
  • Lot: 46
  • Municipality: COUNTY
  • Latitude: 33.3764
  • Longitude: -83.8493

    Address

  • Full Address: 350 Polk Rd
  • Address - House Number: 350
  • Address - Street Name: Polk
  • Address - Suffix Type: Rd
  • State: GA
  • City Name: Covington
  • Carrier Code: R020
  • 4-Digit Zip Code: 6175
  • Zip Code: 30014

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $316,290
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: TAX DISTRI

    Appraisal Valuation

  • Standard Deviation: 0.1404
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 83
  • Final Value: 185,681
  • High Value: 211,754
  • Low Value: 159,608

    Market Valuation

  • Market Total Value: $144,801
  • Market Land Value: $1
  • Market Improvement Value: $144,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $57,920
  • Assessed Improvements Value: $57,920

    Sales

  • Current Sale Contract Date: May 23, 2003
  • Current Sale Recording Date: Jun 02, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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

2125 ft²

Average Home Age

31 years

Currently For Sale

626 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 75 Robin Hood Road, Covington, GA, 30014

$1,575 /mo

  • 3 Beds
  • 2 Baths
  • 1,325 ft²
75 Robin Hood Road, Covington, GA, 30014 Listing by MARK MYERS

Rentals Near You

Click here to view more rentals in the neighborhood.
FMLS

Listed by: June Hyde, Keller Williams Realty Atl Partners
Last Updated: 2 years ago
Data Source: FMLS, MLS# 7510407
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 350 Polk Road built and last sold?
The property at 350 Polk Road was built in 1960 and last sold on May 23, 2003 for $300,000.
How much is this home worth?
The estimated value of the home located at 350 Polk Road is $322,451.
What are some comparable homes to 350 Polk Road?
There are currently no comparable homes to 350 Polk Road.
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