Active$295,000
4 bd3 ba2,130 SFSingle-family home
633 Stevens Place
McDonough, GA 30252 · Garden Walk · 68 days listed
FMLS #7826626 · Listing Provided By Sovereign Real Estate Group National Corp. · 305-662-1502
Active41 days listed
185 Penny Lane, McDonough, GA 30253
- 3bd
- 2ba
- 1,717SF
- 0.4ac lot
FMLS #7839241 · Listing Provided By South Atlanta Realty · 678-751-0232 · Listing agent Joseph Torres
About this home
Welcome to 185 Penny Ln in McDonough! This beautifully updated and well maintained home offers a great combination of comfort, space, and convenience in a desirable location. Step inside to a functional floor plan with plenty of room for everyday living, entertaining, and making the space your own. Enjoy the privacy and flexibility of the outdoor space perfect for relaxing, hosting family and friends, or creating your ideal backyard setup. Conveniently located near shopping, dining, schools, and major roadways, this home provides easy access to everything McDonough and the surrounding area have to offer. Whether you're a first time homebuyer, growing household, downsizing, or simply looking for a place to call your own, 185 Penny Ln is one you'll want to see in person. Schedule your private showing today!
How this list price compares in McDonough
- List price is 22% below the McDonough median list price of $379,993 (645 homes).
- Compared with 588 single-family homes in McDonough: 25% below the median of $394,900.
- List price per square foot is 12% above the McDonough median of $154/SF.
- All 645 homes for sale in McDonough, GA.
- 1,298 homes for sale in Henry 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
- 3
- Full baths
- 2
- Living area
- 1,717 SF
- Lot size
- 0.4 acres
- Year built
- 2003
- Levels
- One
- Main-level bedrooms
- 3
- Garage spaces
- 2
- Parking
- Garage
- Style
- Mid-Century Modern, Modern, Other
- Construction
- Vinyl Siding
- Roof
- Composition
- Flooring
- Vinyl
- Heating
- Central
- Cooling
- Central Air
- Fireplaces
- 1
- Appliances
- Dryer
- Lot
- Cul-De-Sac, Level
- Community
- Homeowners Assoc, Playground, Sidewalks, Street Lights
- HOA
- $300 annually
- County
- Henry
Assigned schools
As reported in the listing. Verify with the school district.
Payment estimate
Estimate the monthly payment
Prefilled with the list price of $295,000 and this week's average rate. Change anything to see your number.
Estimated monthly payment
$2,306/mo
- Principal and interest
- $1,824
- Property tax
- $221
- Home insurance
- $125
- Mortgage insurance
- $111
- HOA dues
- $25
- Loan amount
- $265,500
- Cash down
- $29,500
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 about 0.9% of price per year; 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 South Atlanta 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 McDonough?
See the similar homes section on this page, or browse all homes for sale in McDonough, 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
- apartment buildings for sale in GAApartment buildings and complexes for sale across Georgia.
- Georgia multifamily investment properties for saleDuplexes to large complexes, with screening cap rates on each building.
- church buildings for sale in GeorgiaChurch buildings and sanctuaries for sale statewide.
- apartment complex for sale in AtlantaApartment buildings for sale inside the City of Atlanta.
- commercial real estate for sale in GeorgiaOffice, retail, industrial and other commercial buildings.
Investor research and tools
- apartment cap rates in GeorgiaMedian screening cap rates on Georgia and Atlanta apartment asks, with sample sizes.
- multifamily NOI guideHow NOI is built on an apartment building, line by line, and where listing NOI goes wrong.
- DSCR loans for apartment buildingsDSCR loans for apartment buildings: the 1.25x test, what lenders size on, and Georgia asks.
- GRM for apartment buildingsGross rent multiplier on apartment buildings: the formula, Georgia asking GRMs, and when GRM misleads.
- cap rate and NOI calculatorBuild NOI from rents and expenses, then solve for cap rate, price, or value.
- DSCR 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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