tomo logo

$349,500

Beds
2
Baths
2.0
sq ft
1,791

47 Covington Ter, Newnan, GA 30263

47 Covington Ter

Newnan, GA 30263

  • 42 days on market
THIS CONDO IS IN A VERY QUIET COMMUNITY -- CLOSE TO ASHLEY PARK SHOPPING AND RESTAURANTS -- JUST REMODELED LAST YEAR -- ALL NEW FLOORING, FRESH PAINT, NEW QUARTZ COUNTER TOPS, FRENCH DOORS GOING IN TO OFFICE, OR CAN BE USED AS A DINING ROOM, PLANTATION SHUTTERS THROUGHOUT HOUSE, FANS IN ALL ROOMS EXCEPT OFFICE, NEW A/C UNIT (ONE YEAR OLD) AND NEW ROOF (ONE AND A HALF YEARS OLD).

Details

Property type

Condominium

Est. home value

$328,500

Lot size

2,614 sq ft

Price per sq ft

$196

Year built

2007

Annual property taxes

$2,683

Monthly HOA fee

$360

Price History

02/26/2025
GeorgiaMLS

GeorgiaMLS #10465511

Listed
$349,500
+14.59%
10/14/2022
GeorgiaMLS

GeorgiaMLS #20073581

Sold
$305,000
+8.97%
10/01/2021
GeorgiaMLS

GeorgiaMLS #9024826

Sold
$279,900

Schools & Community

Elementary school: 

Newnan Crossing

Middle school: 

Arnall

High school: 

East Coweta

Community features: 

Playground, Pool, Sidewalks

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$303,486
Asking price
$349,500
Closing costs (~8% of asking)
-$27,960
Est. remaining loan balance
-$18,054
Cash to seller
$303,486

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

July 2011

Original loan amount

$160,000

Est. remaining balance

$18,054

Interest rate

3.68%

Loan type

New Conventional, 15 year

Seller

Rook Frederick R and Rook Kathleen M

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 04/09/2025 at 12:35 PM

Listing updated: 03/12/2025 at 1:09 AM

Listed by: Doug Leathers, Keller Williams Realty Atl. Partners

MLS: GeorgiaMLS #10465511

GeorgiaMLS logo

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