$446,800
●
House -
Off Market
60 Melody Drive
Covington, GA 30014
3 Beds
3 Baths,
1
Half Bath
2,245 Ft²
$2,492
Est. Monthly
$8
HOA / Fees
4.31%
Cap Rate
About This Property
Welcome home- this stunning 3 bed 2 and a half bath all brick home
is ready for it's new owners! Sitting on almost 2 acres with a
beautiful back deck complete with stone fireplace that overlooks
the massive open backyard- this home is perfect for the
entertainer, or someone who enjoys the peace and quiet. An updated
kitchen with breakfast nook and granite countertops offers plenty
of space for the chef in the family, and a separate dining space
adds additional space for guest to gather. The primary bedroom is
spacious and offers a primary bathroom with a separate soaking tub
and shower. A full unfinished basement with private entrance would
be perfect to finish out as an in-law suite. This home is also
equipped with a full indoor sprinkler system to offer that peace of
mind. Located in East Newton county in the top rated school
district for the county, this home truly check all of your boxes.
Call to schedule your showing today.
Unit Size
2,245 Ft²
Days on Market
-
Land Size
1.87 acres
Price per sqft
$200
Property Type
House
Property Taxes
$274
HOA Dues
$8
Year Built
1993
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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 #10293232)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 11, 2024 | Sold | ||
| Sold | |||
| Apr 29, 2024 | Listed by Morris Realty Co., LLC | $449,900 | |
| Listed by Morris Realty Co., LLC | |||
| | |||
|
Welcome home- this stunning 3 bed 2 and a half bath all brick home is ready for it's new owners! Sitting on almost 2 acres with a beautiful back deck complete with stone fireplace that overlooks the massive open backyard- this home is perfect for the entertainer, or someone who enjoys the peace and quiet. An updated kitchen with breakfast nook and granite countertops offers plenty of space for the chef in the family, and a separate dining space adds additional space for guest to gather. The primary bedroom is spacious and offers a primary bathroom with a separate soaking tub and shower. A full unfinished basement with private entrance would be perfect to finish out as an in-law suite. This home is also equipped with a full indoor sprinkler system to offer that peace of mind. Located in East Newton county in the top rated school district for the county, this home truly check all of your boxes. Call to schedule your showing today.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
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
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Listed by: Kayla Clack, Morris Realty Co LLC
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10293232
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10293232
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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