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$2,999,999

Beds
5
Baths
5.5
sq ft
10,335

686 Newton Factory Bridge Rd, Covington, GA 30014

686 Newton Factory Bridge Rd

Covington, GA 30014

  • 45 days on market
One of Newton Counties Best Real Estate Investment Opportunities! With Facebook, Rivian, Amazon and other Large Corporations in Discussions of Operating Business in the Area This Beautiful Sportsman's Paradise is an Executives Dream Home-5 bedrooms, 5.5 bathrooms on 158.3+- Acres on a fully finished basement! The home includes a luxurious main-level master suite with double vanities, a separate garden tub, a large tiled shower, and tiled flooring. 9-foot ceilings, Brazilian cherry hardwood floors on the main level, and a separate formal dining room, and office with french doors, A chef's dream with an island, breakfast bar, walk-in pantry, abundant cabinetry, a separate cooktop, a great room off the kitchen, a sunroom & covered back deck overlooking a private pond and gazebo. The basement features a kitchen, family room, bedroom media room, and walk-in storm/safe room. Separate guest house/pool house with a sauna, in-ground pool, 4-wheeler trails throughout property, gated entrance, huge detached workshop/garage with separate bathroom, tons of parking in addition to the 7 car garage! Great buy and hold to subdivide in the future! Close to Stanton Springs-Interstate 20-Lake Oconee & More-Schedule A Showing Today!

Details

Property type

Single Family Residence

Est. home value

$1,763,559

Lot size

158.30 acres

Price per sq ft

$291

Year built

2003

Annual property taxes

$9,512

HOA

No

Price History

01/06/2025
FMLS

FMLS #7506816

Listed
$2,999,999
+404.2%
09/27/2013
FMLS

FMLS #5180105

Sold
$595,000

Schools & Community

Elementary school: 

Mansfield

Middle school: 

Indian Creek

High school: 

Alcovy

Community features: 

None

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

$2,636,336
Asking price
$2,999,999
Closing costs (~8% of asking)
-$240,000
Est. remaining loan balance
-$123,663
Cash to seller
$2,636,336

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

Seller’s Loan History

Lender

Branch Banking And Trust Co

Loan start date

August 2014

Original loan amount

$345,000

Est. remaining balance

$123,663

Interest rate

3.24%

Loan type

New Conventional, 15 year

Seller

John V Tamasi and Sherry Tamasi

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: 02/24/2025 at 9:20 AM

Listing updated: 02/04/2025 at 11:50 AM

Listed by: Doug Minton, Keller Williams Realty Atl Partners Phone #: (678) 808-1300

MLS: FMLS #7506816

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