Active$305,000
4 bd3 ba2,625 SFSingle-family home
135 Timberlake Terrace
Covington, GA 30016 · Silos of Ellington · 40 days listed
FMLS #7840172 · Listing Provided By EXP Realty, LLC. · 888-959-9461
Active29 days listed
35 Olivia Way, Covington, GA 30016
- 4bd
- 3ba
- 1,910SF
- 0.47ac lot
FMLS #7845560 · Listing Provided By Best Life Realty, LLC · 470-657-3318 · Listing agent Garry Cotto
About this home
Spacious 4-bedroom, 2.5-bath home in Covington offering a functional layout, abundant natural light, generous living areas, and ample kitchen storage. Enjoy a spacious yard with room for outdoor entertaining, gardening, or relaxing. Conveniently located near schools, parks, shopping, dining, and everyday amenities. Approximately 1,829 SF on nearly half an acre.
How this list price compares in Covington
- List price is 8% below the Covington median list price of $330,000 (483 homes).
- Compared with 476 single-family homes in Covington: 9% below the median of $334,950.
- List price per square foot is in line with the Covington median of $160/SF.
- All 483 homes for sale in Covington, GA.
- 531 homes for sale in Newton County.
Figures are list prices from current FMLS IDX inventory (Active, Active Under Contract and Pending), not sales prices or appraisals.
Home facts
- Property type
- Single-family home
- Status
- Active
- Bedrooms
- 4
- Full baths
- 2
- Half baths
- 1
- Living area
- 1,910 SF
- Lot size
- 0.47 acres
- Year built
- 2018
- Levels
- Two
- Main-level bedrooms
- 0
- Garage spaces
- 2
- Parking
- Garage
- Style
- Traditional
- Construction
- Vinyl Siding
- Roof
- Composition
- Flooring
- Carpet, Tile
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 1
- Appliances
- Dishwasher, Refrigerator
- Lot
- Back Yard
- HOA
- $200 annually
- Annual tax
- $3,307 (2025)
- County
- Newton
Assigned schools
- HighAlcovy
- MiddleLiberty - Newton
- ElementarySouth Salem
As reported in the listing. Verify with the school district.
Payment estimate
Estimate the monthly payment
Prefilled with the list price of $305,000 and this week's average rate. Change anything to see your number.
Estimated monthly payment
$2,418/mo
- Principal and interest
- $1,886
- Property tax
- $276
- Home insurance
- $125
- Mortgage insurance
- $114
- HOA dues
- $17
- Loan amount
- $274,500
- Cash down
- $30,500
This is an estimate only. Not a lender, not a loan offer and not a rate quote. Rates: Freddie Mac PMMS weekly average for 2026-10-22: 30-yr 7.32%, 15-yr 6.68%. Tax uses the annual tax amount in the listing; insurance assumes $1,500 a year. Conventional adds 0.5% a year mortgage insurance under 20% down; FHA uses 3.5% minimum down, a 1.75% upfront premium financed and 0.55% a year MIP; VA adds a 2.15% funding fee financed under 5% down and no monthly MI. Talk to a licensed lender for a real quote.
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Questions about this home
How do I schedule a showing of this home?
Use the "Ask about this home" form on this page and include the days and times that work for you. Jeff Crowe will follow up to set up a showing.
How do I get more information about this listing?
Send your question through the form on this page. Listing details come from FMLS and are provided by Best Life Realty, LLC, so confirm them before making an offer.
Is this home still available?
This page shows the status reported in FMLS (Active) as of the last update. Status can change quickly, so ask through the form to confirm before you tour.
How is the monthly payment estimate calculated?
It uses the list price, an average mortgage rate, the tax amount in the listing (or an estimated tax rate when none is given), estimated insurance and any HOA dues in the listing. It is an estimate only, not a loan offer. Talk to a licensed lender for a real quote.
Where can I see similar homes for sale in Covington?
See the similar homes section on this page, or browse all homes for sale in Covington, GA.
Beyond homes
Also exploring Georgia investment real estate?
Jeff Crowe is a local, full-service agent with CENTURY 21 The Avenues who also works with buyers and sellers of apartment buildings, churches, commercial property and land across Georgia. The pages below are other property types and investor research, separate from this home listing.
Other property types for sale
- Georgia apartment buildings for saleApartment buildings and complexes for sale across Georgia.
- multifamily investment properties in GeorgiaDuplexes to large complexes, with screening cap rates on each building.
- church for sale in GeorgiaChurch buildings and sanctuaries for sale statewide.
- commercial real estate for sale in GeorgiaOffice, retail, industrial and other commercial buildings.
- Atlanta church buildings for saleChurch buildings for sale in Atlanta.
Investor research and tools
- Atlanta apartment cap ratesMedian screening cap rates on Georgia and Atlanta apartment asks, with sample sizes.
- how to calculate NOI on an apartment buildingHow NOI is built on an apartment building, line by line, and where listing NOI goes wrong.
- DSCR explained for multifamilyDSCR loans for apartment buildings: the 1.25x test, what lenders size on, and Georgia asks.
- cash-on-cash return explainedCash-on-cash return on apartment buildings: the formula, a worked deal, and Georgia asks at today's rates.
- capitalization rate calculatorBuild NOI from rents and expenses, then solve for cap rate, price, or value.
- cash-on-cash return calculatorRent roll, expenses and the loan in one model: NOI, DSCR, cash-on-cash, cash flow, PDF.
Thinking about a rental or a building instead? Send Jeff a message.
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