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Newton 30016
60 Rainey Way
$240,600
● House - Off Market

60 Rainey Way

Covington, GA 30016
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,405 Ft²
$259,359
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Move In Ready! Adorable 4 Bedroom/2 Bathroom Ranch in Covington! Spacious Lot, Fresh Paint & Flooring, Open Concept Living and Dining Room, Kitchen with Lots of Storage, Primary Bedroom with Trey Ceilings and On Suite Bath, Easy Access to I-20, Shopping, Banking, Entertainment and More! Call Today!
Unit Size
1,405 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$174
Property Type
House
Property Taxes
$138
HOA Dues
-
Year Built
1994

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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: 3 years ago (GAMLS #20089980)

Price History

Date / Event Date Event Price
Jan 23, 2023 Sold
Premium
Sold
Dec 2, 2022 Listed by All 3 Realty LLC $245,000
Listed by All 3 Realty LLC
Sep 1, 2015 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • 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: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 1,405
  • Building Area: 1,405
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,405
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BARRINGTON
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: .46AC LT21 BLK D BARRINGT

Neighborhood

  • School District Name: Newton County School District
  • School Tax School District: 1
  • Census Tract: 100905

Zoning

  • Zoning: R1

Geography

  • Account Number: 456
  • Parcel: 00020-00000-250-000
  • Block: D
  • Lot: 21
  • Municipality: COUNTY
  • Latitude: 33.5214
  • Longitude: -84.0399

    Address

  • Full Address: 60 Rainey Way
  • Address - House Number: 60
  • Address - Street Name: Rainey
  • Address - Suffix Type: Way
  • State: GA
  • City Name: Covington
  • Carrier Code: R007
  • 4-Digit Zip Code: 8900
  • Zip Code: 30016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $183,406
  • Tax Rate Code Area: TAX DISTRI

    Appraisal Valuation

  • Standard Deviation: 0.1935
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 253,188
  • High Value: 302,198
  • Low Value: 204,178

    Market Valuation

  • Market Total Value: $225,700
  • Market Land Value: $18,000
  • Market Improvement Value: $207,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $90,280
  • Assessed Land Value: $7,200
  • Assessed Improvements Value: $83,080

    Sales

  • Current Sale Contract Date: Jan 20, 2023
  • Current Sale Recording Date: Jan 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-000265
  • Previous Sale Recording Date: Jan 21, 2016
  • Previous Sale Contract Date: Sep 01, 2015
  • 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 Newton

Stats & Trends

Median Asking:

$325,945

Sale Price/ft²

$159

Below Asking

0.02%

Average Days on Market

76

Average Home Size

2171 ft²

Average Home Age

30.3 years

Currently For Sale

622 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 5262 Kurt Lane, Conyers, GA, 30094

$2,350 /mo

  • 4 Beds
  • 3 Baths
  • 3,830 ft²
5262 Kurt Lane, Conyers, GA, 30094 Listing by Joy Wyatt
Unit for rent at 5262 Kurt Lane Sw, Conyers, GA, 30094

$2,350 /mo

  • 4 Beds
  • 3 Baths
  • 3,830 ft²
5262 Kurt Lane Sw, Conyers, GA, 30094

Rentals Near You

Click here to view more rentals in the neighborhood.
GAMLS

Listed by: Barbara Dull, All 3 Realty LLC
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 20089980
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 60 Rainey Way built and last sold?
The property at 60 Rainey Way was built in 1994 and last sold on Jan 20, 2023 for $240,600.
How much is this home worth?
The estimated value of the home located at 60 Rainey Way is $246,447.
What are some comparable homes to 60 Rainey Way?
There are currently no comparable homes to 60 Rainey Way.
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