tomo logo

$350,000

Beds
4
Baths
3.0
sq ft
2,455

5159 Covington Hwy, Decatur, GA 30035

5159 Covington Hwy

Decatur, GA 30035

  • 9 days on market
**Exceptional Investment Opportunity** Presenting a unique three-property assemblage opportunity. The offering includes three distinct structures: Lot 1 features a spacious 4-bedroom, 3-bathroom home encompassing 2,357 square feet with a 391 square foot unfinished basement, situated on a generous 0.66-acre lot. Lot 2 comprises a charming 3-bedroom, 2-bathroom residence spanning 1,891 square feet with a 300 square foot unfinished basement on a expansive 1.39-acre lot. Lot 3 includes a cozy 3-bedroom, 1-bathroom house offering 1,264 square feet of living space on a sizable 2.57-acre lot. Combined, these properties boast a substantial 4.62 acres in total. Ideally located along Covington Highway with approximately 40 feet of road frontage, and mere minutes from Highway 285, this offering provides unparalleled convenience and potential. Whether renovating the existing properties or pursuing new construction for a small housing community, this is an opportunity not to be missed in the realm of multi-property investments. For further details, please refer to the attached listings: 10488861, 10488862.

Details

Property type

Single Family Residence

Est. home value

$295,596

Lot size

0.70 acres

Price per sq ft

$143

Year built

1964

Annual property taxes

$4,330

HOA

No

Price History

03/22/2025
FMLS

FMLS #7549947

Listed
$350,000
+379.45%
01/24/2014
FMLS

FMLS #5231155

Sold
$73,000

Schools & Community

Elementary school: 

Canby Lane

Middle school: 

Mary McLeod Bethune

High school: 

Towers

Community features: 

Street Lights

Seller’s Loan History

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

Lender

Lumpkin Realty Inc

Loan start date

November 2006

Original loan amount

$150,000

Est. remaining balance

Not provided

Interest rate

6.3%

Loan type

Stand Alone Second, 2 year

Seller

Polly Hall

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?

Status: Active

Tomo last checked: 03/31/2025 at 1:10 PM

Listing updated: 03/30/2025 at 8:06 AM

Listed by: Kimberly D Branch, Keller Williams Realty Atl Partners Phone #: (678) 252-1900

MLS: FMLS #7549947

FMLS logo

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