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Newton 30016
70 Cambridge Way
Listing Courtesy of: Lunaria Ross, Atlanta Communities
$37,000
● Land - Off Market

70 Cambridge Way

Covington, GA 30016
bedrooms
Studio
bathrooms
0 Bath
$68,086
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

This land is a steal! Level and open land w/ just enough trees to provide privacy. Come build your dream home in this small exclusive community tucked away in Newton County.
Unit Size
-
Days on Market
-
Land Size
2.29 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1996

Payment Calculator

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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 (FMLS #5927119)

Price History

Date / Event Date Event Price
Jul 25, 2018 Sold
Premium
Sold
Oct 30, 2017 Listed by Atlanta Communities $45,000
Listed by Atlanta Communities

Property Highlights

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • 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: 420
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,700
  • Total Building Area: 1,418
  • Building Area: 1,418
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,418
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BETHANY ESTATES
  • Land Acres: 0000000590
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: BETHANY ESTATES LOT 7

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Account Number: 1983
  • Parcel: 00080-00000-234-000
  • Lot: 7
  • Municipality: COUNTY
  • Latitude: 33.5169
  • Longitude: -84.0046

    Address

  • Full Address: 70 Cambridge Way
  • Address - House Number: 70
  • Address - Street Name: Cambridge
  • Address - Suffix Type: Way
  • State: GA
  • City Name: Covington
  • Carrier Code: R034
  • 4-Digit Zip Code: 4942
  • Zip Code: 30016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $241,023
  • Tax Rate Code Area: TAX DISTRI

    Appraisal Valuation

  • Standard Deviation: 0.2055
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 246,114
  • High Value: 296,695
  • Low Value: 195,532

    Market Valuation

  • Market Total Value: $235,600
  • Market Land Value: $15,000
  • Market Improvement Value: $220,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $94,240
  • Assessed Land Value: $6,000
  • Assessed Improvements Value: $88,240

    Exemptions

  • Homeowner Exemption: Yes
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

2142 ft²

Average Home Age

31 years

Currently For Sale

637 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

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FMLS

Listed by: Lunaria Ross, Atlanta Communities
Last Updated: 3 years ago
Data Source: FMLS, MLS# 5927119
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 70 Cambridge Way built and last sold?
The property at 70 Cambridge Way was built in 1996 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 70 Cambridge Way is $45,450.
What are some comparable homes to 70 Cambridge Way?
There are currently no comparable homes to 70 Cambridge Way.
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