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Madison 30628
384 Covey Drive
$330,000
● House - Off Market

384 Covey Drive

Colbert, GA 30628
bedrooms
4 Beds
bathrooms
3 Baths
$325,445
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Welcome to your dream home! The ranch-style layout with 4 bedrooms and 3 bathrooms offers plenty of space for a comfortable living. The fenced-in backyard is a great feature, providing privacy and a safe area for outdoor activities. The private bathroom with a separate tub and shower in the owner's suite adds a luxurious touch. The full eat-in kitchen is perfect for cooking and entertaining, allowing you to enjoy meals with your family and guests. The spacious living area and additional bedrooms ensure that everyone has their own space and can relax comfortably. It truly sounds like a gem of a home. If you're interested, I would recommend scheduling a showing to see it in person and potentially make it yours.
Unit Size
-
Days on Market
27 days
Land Size
0.94 acres
Price per sqft
-
Property Type
House
Property Taxes
$233
HOA Dues
-
Year Built
2015

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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: 2 years ago (GAMLS #10160660)

Price History

Date / Event Date Event Price
Jun 22, 2023 Sold
Premium
Sold
May 4, 2023 Listed by Bernstein & Co Realty LLC $324,900
Listed by Bernstein & Co Realty LLC
Nov 18, 2021 No longer available -
No longer available
Nov 15, 2021 Sold
Premium
Sold
Oct 15, 2021 In contract -
In contract
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 529
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,946
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,120
  • Building Area: 2,120
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 2,120
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COVEY LANDING
  • Land Acres: 0000000940
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: HSE / LOT 14A COVEY LANDING

Neighborhood

  • School District Name: Madison County School District
  • School Tax School District: 01-COUNTY
  • Census Tract: 020400

Zoning

  • Zoning: R2

Geography

  • Account Number: 16134
  • Parcel: 0059B 014 A
  • Block: A
  • Lot: 14A
  • Municipality: COUNTY
  • Latitude: 34.025
  • Longitude: -83.2402

    Address

  • Full Address: 384 Covey Dr
  • Address - House Number: 384
  • Address - Street Name: Covey
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Colbert
  • Carrier Code: R051
  • 4-Digit Zip Code: 3693
  • Zip Code: 30628

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $356,983
  • Tax Rate Code Area: 01-COUNTY

    Appraisal Valuation

  • Standard Deviation: 0.1126
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 88
  • Final Value: 322,390
  • High Value: 358,697
  • Low Value: 286,083

    Market Valuation

  • Market Total Value: $292,351
  • Market Land Value: $25,000
  • Market Improvement Value: $267,351

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $116,940
  • Assessed Land Value: $10,000
  • Assessed Improvements Value: $106,940

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 05, 2023
  • Current Sale Recording Date: Oct 10, 2023
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jun 22, 2023
  • Previous Sale Contract Date: Jun 15, 2023
  • Previous Sale Amount: $330,000
  • 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 Madison

Stats & Trends

Median Asking:

$339,900

Sale Price/ft²

$189

Below Asking

0.03%

Average Days on Market

86

Average Home Size

2222 ft²

Average Home Age

30.8 years

Currently For Sale

111 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

Rentals Near You

Click here to view more rentals in the neighborhood.
GAMLS

Listed by: Jason Bernstein, Bernstein & Co Realty LLC
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 10160660
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 384 Covey Drive built and last sold?
The property at 384 Covey Drive was built in 2015 and last sold on Oct 5, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 384 Covey Drive is $328,149.
What are some comparable homes to 384 Covey Drive?
There are currently no comparable homes to 384 Covey Drive.
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