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    3905 Ga-138 Covington, GA 30014

    Sponsored
    For Sale
    $1,250,000

    Prime Agricultural & Residential Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 73.97-acre property in Walton County, Georgia, presents a unique investment opportunity. Located on GA Highway 138, near Walnut Grove, it boasts 955 linear feet of road frontage and a 1-lane gravel driveway. Zoned A-1, Rural Estate, this diverse tract offers a blend of open and heavily wooded areas, including a perennial creek. Previous use as an organic farm leaves behind existing infrastructure such as irrigation wells, greenhouse framing, storage sheds, and a 960-square-foot wood frame structure (shell only). The rolling terrain supports various uses, including residential development (single-family homes or estates), agriculture, and recreation. Subject to rezoning, commercial development is also possible. The property's location offers easy access to major roadways like GA Highway 81 and US Highway 78, connecting to shopping and employment centers. It's situated within the Walnut Grove school district, approximately 11 miles northeast of Covington and 32 miles east of downtown Atlanta. The property is shown by appointment only

    Property Features for 3905 Ga-138

    General Information

    Property type
    Farms
    Lot Size
    3,222,133 SF

    HighLights

    • 73.97‑acre parcel.
    • A‑1 rural estate zoning in East Walton County.
    • Diverse terrain with open areas, woods, and a creek.
    • Suitable for residential, agricultural, recreational, and commercial uses.
    • Features existing infrastructure from a prior organic farm.
    • County water access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Covington
    County
    Walton
    State
    Georgia
    Longitude
    -83.832748954609
    Latitude
    33.751608487312

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    FAQs

    What type of property is this?
    Farm - Prime Agricultural & Residential Land
    Where is this farm located?
    The property is located at 3905 Ga-138 Covington, GA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: 73.97-acre parcel.; A-1 rural estate zoning in East Walton County.; Diverse terrain with open areas, woods, and a creek.
    Request Owner's contact information
    3905 Ga-138 Covington, GA 30014
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3905 Ga-138 Covington, GA 30014
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