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Sold on 06/07/2018
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48 Gum Tree Ct, Covington, GA 30016

$276,000

Last sold 06/07/2018 for $109K

  • 5

    bed

  • 4

    bath

  • 1,100

    Sqft ($99/Sqft)

Multi-family not for sale
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About 48 Gum Tree Ct

Property type Multi-family
Neighborhood
Year built 1985
HOA fee $0/month
Lot size 1.57 Acre
Movoto estimate
Rental estimate
Property description
Great income potential. Duplex is investor owned. 50 gum tree lease. 48 gum tree leased. Total monthly income of $1400, annual income $16,800. Do not disturb tenants.
Listed by
Listing Agent - Rosemary E Spence
Listing Office - BHGRE Metro Brokers
Source: Georgia MLS mls logo
MLS#8381311 • last updated 8 years ago
Movoto checked Georgia MLS for data 5 minutes ago
Overview
Cooling/AC Electric, Central
Heating Central, Electric
Levels/Style 1 Story
Status Sold
MLS # 8381311
Type Multifamily
Lot Size (Acres) 1.57
Property Taxes 830
Property Condition Resale
Year Built 1985
Interior
Basement Slab/None
Exterior
Construction Brick 3 Sided
Amenities / Utilities
HOA Fee Includes None
HOA Amenities Walk To Shopping
Location
Area NEWT
Subdivision Gum Tree
County Newton
Elementary School South Salem
High School Newton
Middle School Liberty
Directions GPS
APN 12000000070000
Multifamily Details
Unit 1: Rooms Living Room
Unit 2: Lease Term Six Months
Unit 2: Bedrooms 3
Unit 1: Lease Term Six Months
Unit 1: Monthly Rent 650
Unit 2: Monthly Rent 750
Unit 2: Rooms Living Room
Unit 2: SqFt 1350
Unit 1: SqFt 1100
Total # Units 2
$276K
Range: $240K-$311K
Last 30 days 
Rental est.: $2,238/month
Gross rent multiplier: 4.1 - Great
  • Nov 2024
    Public Records
  • Nov 20, 2024 Sold
    $260,000 (+138.5%)
  • Jun 2018
    mls logo MLS # 8381311
  • Jun 12, 2018 Sold
    $109,000
  • May 23, 2018 Under Contract
    —
  • May 16, 2018 Listed
    $120,000 (+33.5%)
  • Jun 2018
    Public Records
  • Jun 7, 2018 Sold
    $109,000 (-9.2%)
  • Oct 2017
    mls logo MLS # 8208120
  • Oct 4, 2017 Expired
    —
  • Oct 3, 2017 Back On Market
    —
  • Jun 23, 2017 Under Contract
    —
  • Jun 14, 2017 Listed
    $89,900
  • May 2017
    mls logo MLS # 8131642
  • May 7, 2017 Expired
    —
  • Feb 6, 2017 Listed
    $89,900 (+1.1%)
  • Feb 2017
    mls logo MLS # 8076685
  • Feb 1, 2017 Expired
    —
  • Dec 8, 2016 Price Change
    $88,900 (-1.1%)
  • Sep 26, 2016 Listed
    $89,900 (+0.2%)
  • Sep 2016
    mls logo MLS # 7605831
  • Sep 15, 2016 Expired
    —
  • Jun 17, 2016 Price Change
    $89,700 (-0.2%)
  • Mar 14, 2016 Listed
    $89,900 (+49.8%)
  • Apr 2015
    mls logo MLS # 7368891
  • Apr 8, 2015 Sold
    $60,000
  • Nov 23, 2014 Listed
    $65,000 (-24.4%)
  • Apr 2015
    Public Records
  • Apr 3, 2015 Sold
    $60,000 (-7.7%)
  • Apr 2014
    mls logo MLS # 7227119
  • Apr 15, 2014 Sold
    $86,000
  • Feb 27, 2014 Listed
    $86,900 (-42.0%)
  • Apr 2014
    Public Records
  • Apr 2, 2014 Sold
    $86,000 (-1.0%)
  • Mar 2006
    Public Records
  • Mar 7, 2006 Sold
    $149,900
  • Year Property taxes Tax assessment
  • 2024
    $1,919 +0.8%
    $73,720 +8.03%
  • 2023
    $1,903 +33.6%
    $68,240
  • 2022
    $1,424 +10.5%
    $68,240 +67.25%
  • 2021
    $1,288 -3.6%
    $40,800 +2.51%
  • 2020
    $1,337 -3.1%
    $39,800 -1.58%
  • 2019
    $1,379 +3.4%
    $40,440 +4.12%
  • 2018
    $1,334 +60.8%
    $38,840 +60.76%
  • 2017
    $829
    $24,160 +3.96%
  • 2016
    $829 -2.5%
    $23,240
  • 2015
    $851
    —
  • 48 Gum Tree Ct
    $109K
  • Gum Tree
    —
  • 30016
    $310K -1% y/y
  • Covington
    $339K 0% y/y
No chart available
Statistics calculated by Movoto

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4/10
West Newton Elementary School
public Grades PK, K-5
Newton County School District
4/10
Veterans Memorial Middle School
public Grades 6-8
Newton County School District
4/10
Newton High School
public Grades 9-12
Newton County School District
Source: GreatSchools.org © 2026. All rights reserved.

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