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Active300 days listed

40 Oak Terrace Drive, Covington, GA 30016

  • 4bd
  • 3ba
    • 0
  • 0.23ac lot

Single-family homeOakwood Manor

List price

$220,000

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FMLS IDXFMLS #7697137 · Listing Provided By Covenant Properties Realty · 678-438-3391 · Listing agent Natalie Crockett

Location

40 Oak Terrace Drive, Covington GA 30016

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About this home

Welcome to this beautifully maintained four-bedroom ranch nestled in a quiet, established neighborhood. Designed for both comfort and functionality, the home features three generously sized bedrooms on the main level and an additional private bedroom upstairs-ideal for guests, a home office, or a retreat space. The spacious kitchen offers an inviting eat-in area, abundant cabinetry, and comes fully equipped with a stove, refrigerator, and dishwasher-perfect for everyday living and hosting holiday gatherings. Formal living and dining rooms provide ample space for entertaining and accommodating larger gatherings with ease. Step outside to a true entertainer's backyard oasis, complete with a large deck ideal for summer barbecues, outdoor dining, and relaxed evenings. Conveniently located near I-20 and just minutes from Highway 138, this home offers easy access while maintaining a peaceful residential setting. Oak Terrace presents a wonderful opportunity to enjoy space, comfort, and convenience all in one place. Schedule your showing today and experience everything this home has to offer. This property is eligible under the First Look Initiative. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period.- An offer management fee of $200 (plus sales tax, where applicable) is charged by Pyramid Platform in connection with the use of the platform. This fee will be paid at closing from the agent representing the buyer as selling agent or transaction broker. PLEASE SEE PRIVATE REMARKS. Subject to seller addendum - For financed offers EMD to be 1% or $1000 whichever is greater and for cash offers EMD to be 5% or $5000 whichever is greater. - All offers are subject to OFAC clearance. A viewing release must be signed and returned to our office before showing this property

How this list price compares in Covington

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
3
Lot size
0.23 acres
Year built
2006
Levels
Two
Main-level bedrooms
3
Garage spaces
2
Parking
Driveway, Garage
Style
Ranch, Traditional
Construction
Aluminum Siding, Brick, Vinyl Siding
Roof
Composition
Flooring
Carpet, Laminate, Vinyl
Heating
Natural Gas
Cooling
Central Air, Electric
Fireplaces
1
Appliances
Dishwasher, Disposal, Gas Water Heater
Lot
Back Yard
Community
Clubhouse, Homeowners Assoc, Playground, Pool, Sidewalks, Street Lights
HOA
$300 annually
Annual tax
$2,873 (2024)
County
Newton

Assigned schools

As reported in the listing. Verify with the school district.

Payment estimate

Estimate the monthly payment

Prefilled with the list price of $220,000 and this week's average rate. Change anything to see your number.

Loan type
Estimated monthly payment

$1,832/mo

Principal and interest
$1,360
Property tax
$239
Home insurance
$125
Mortgage insurance
$83
HOA dues
$25
Loan amount
$198,000
Cash down
$22,000

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 Covenant Properties Realty, 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

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