31 Thomaston St · Newnan, GA 30263

$299,900

3 bd · 2.0 ba · 1,765 sqft · Condo public records · 43 Days on market

Built 2006

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +12.5/30.0
• ARV discount +7.5/15.0
• DSCR +3.7/10.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Easy Living Starts Here! Welcome to 31 Thomaston St - a charming one-level condo designed for comfort, convenience, and low-maintenance living. This 2-bedroom, 2-bathroom home offers a functional layout with everything you need on a single level, making it perfect for effortless day-to-day living. Step inside to find a bright and inviting living space, ideal for relaxing or entertaining. The spacious primary suite features its own private bath, while the secondary bedroom provides flexibility for guests. A flex space is ideal for a home office, or hobbies with an additional sunroom as a second living space. Enjoy all the perks of a well-maintained community with fantastic amenities, giving you more time to enjoy life and less time worrying about upkeep. Whether you're downsizing, or looking for your first home, this one checks all the boxes for comfort and convenience. Simple. Stylish. Stress-free living awaits!

Key facts

• Garage
• Community pool
• Built 2006

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $300k.

Deal economics

• At list price, monthly cash flow is $-42 ($-510/yr) — negative.
• To cash-flow at today's rent, offer at most $292k (2.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $219k (26.9% below list).
• Recommended offer: $219k (26.9% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 3.8% in Newnan — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 66/100 on livability (#184 in GA) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A-, employment B; Watch: schools D+, crime F, amenities F.
• Coweta County (rural): math 37% / reading 43% proficiency, ranked #36 of 174 in GA (top 21%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.9%/yr); 529 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 963 units permitted in Coweta County in 2024 (8 in 5+ unit buildings).
• This rent runs 33% of the median local income ($79k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Coweta County population projected at +31% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 14y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $219,262 (26.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.73% ✗
• Cap rate: 6.12%
• Cash-on-cash: -0.61%
• DSCR: 0.97
• GRM: 11.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.87% rent growth · sell at horizon

5-year hold

• IRR: -17.5%
• Equity multiple: 0.38×
• Total profit: $-51,738
• Equity at exit: $44,716

10-year hold

• IRR: -9.9%
• Equity multiple: 0.40×
• Total profit: $-50,316
• Equity at exit: $25,930

Cash invested: $83,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Georgia: 90 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

Magistrate court evictions in 10-30 days; no rent control; preempted; few tenant protections.

Methodology + full state rankings →

ZIP-level market 30263

• Home prices YoY: -34.5%
• Rents YoY: 2.9%
• Active inventory: 529
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $2,193 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$77 /mo · $924/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$460
• Net cashflow: $-42

Break-even live

Break-even rent $2,246

Max offer price $292,399

Occupancy floor 97%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
71 Covington Ter Newnan, GA	3.0	2.5	1975	$2,195	$1.11	5d	1	0.12mi
45 Newnan Lakes Dr Newnan, GA	3.0	2.5	1588	$2,050	$1.29	24d	1	0.15mi
3 Halcyon Ln Newnan, GA	3.0–4.0	2.0–2.5	1716	$2,355	$1.37	17d	1	0.17mi
3 Halcyon Ln Newnan, GA	3.0–4.0	2.0–2.5	1716	$2,300	$1.34	44d	11	0.17mi
110 Newnan Lakes Dr Newnan, GA	3.0	2.5	1822	$2,295	$1.26	4d	1	0.21mi
300 Ashley Park Blvd Newnan, GA	1.0–3.0	1.0–2.5	1147	$2,501	$2.18	1d	51	0.40mi
62 Sepia Oak Dr Newnan, GA	3.0	2.5	1379	$2,295	$1.66	11d	1	0.48mi
62 Sepia Oak Dr Newnan, GA	3.0	2.5	1384	$2,200	$1.59	2d	1	0.48mi
60 Jane Ln Newnan, GA	1.0–3.0	1.0–3.0	1293	$2,225	$1.72	2d	19	0.64mi
85 Chastain Cir Newnan, GA	3.0	2.5	1477	$2,200	$1.49	17d	1	0.64mi
62 Chastain Cir Newnan, GA	3.0	2.5	1500	$1,950	$1.30	44d	1	0.68mi
6 Iron DR #91 Newnan, GA	3.0	3.5	1920	$2,100	$1.09	24d	1	0.80mi
22 Nickel Dr Newnan, GA	3.0	3.5	1919	$2,280	$1.19	4d	1	0.82mi
2019 Newnan Crossing Byp Newnan, GA	3.0	1.0–2.0	994	$2,250	$2.26	3d	32	0.82mi
33 Cobalt Ln Newnan, GA	3.0	3.5	1919	$2,195	$1.14	24d	1	0.83mi
33 Cobalt Ln Newnan, GA	3.0	3.5	1919	$2,195	$1.14	44d	1	0.83mi
11 Rockcress Ct Newnan, GA	3.0	2.5	1640	$1,895	$1.16	44d	1	0.86mi
101 Ashley Park Dr Newnan, GA	1.0–3.0	1.0–2.0	1022	$2,618	$2.56	2d	21	0.86mi
1450 Newnan Crossing Blvd Newnan, GA	3.0	1.0–2.5	926	$2,096	$2.26	2d	17	0.88mi
26 Tahoe Dr Newnan, GA	3.0	2.5	2102	$2,200	$1.05	4d	1	0.92mi
139 Preserve Dr Newnan, GA	3.0	2.5	1748	$2,015	$1.15	44d	1	0.93mi
75 Tahoe Dr Newnan, GA	3.0	2.5	2039	$2,300	$1.13	44d	1	1.03mi
166 Seabreeze Ct Newnan, GA	4.0	2.5	2432	$2,175	$0.89	44d	1	1.03mi
7 Carrington Way Newnan, GA	4.0	3.0	2010	$2,499	$1.24	44d	1	1.06mi
158 Stillwood Dr Newnan, GA	4.0	2.5	2076	$2,055	$0.99	44d	1	1.07mi
175 Stillwood Dr Newnan, GA	4.0	2.5	2095	$2,200	$1.05	44d	1	1.11mi
2050 Newnan Crossing Blvd E Newnan, GA	1.0–3.0	1.0–2.0	1234	$2,051	$1.66	2d	31	1.14mi
10 American Ave Newnan, GA	2.0	2.5	1331	$2,066	$1.55	5d	6	1.15mi
23 Belltree Cir Newnan, GA	3.0	2.0	1299	$2,195	$1.69	5d	1	1.19mi
49 North St Newnan, GA	3.0	2.0	1300	$1,800	$1.38	24d	1	1.21mi
140 Jefferson Pkwy Newnan, GA	3.0	2.0	1410	$1,703	$1.21	44d	1	1.22mi
140 Jefferson Pkwy Newnan, GA	1.0–3.0	1.0–2.0	1162	$1,818	$1.56	2d	24	1.22mi
207 Granite Way Newnan, GA	3.0	2.5	1926	$1,895	$0.98	2d	1	1.23mi
151 Parkway N Newnan, GA	1.0–4.0	1.0–3.0	1135	$1,651	$1.45	2d	12	1.26mi
121 Stonebridge Xing Newnan, GA	3.0	2.5	1284	$1,700	$1.32	21d	1	1.26mi
99 Stonebridge Xing Newnan, GA	4.0	2.5	2537	$2,329	$0.92	44d	1	1.27mi
260 Stillwood Dr Newnan, GA	3.0	2.5	1751	$1,950	$1.11	44d	1	1.28mi
357 Hunterian Pl Newnan, GA	3.0	2.0	1714	$2,060	$1.20	2d	1	1.30mi
92 Majestic Dr Newnan, GA	3.0	2.0	1600	$2,000	$1.25	11d	1	1.34mi
341 Hunterian Pl Newnan, GA	3.0	2.0	1605	$2,150	$1.34	5d	1	1.34mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 27 events

1. 2026-06-04
   days on market $299,900 Active 43 DOM
2. 2026-06-03
   days on market $299,900 Active 42 DOM
3. 2026-06-02
   days on market $299,900 Active 41 DOM
4. 2026-06-01
   days on market $299,900 Active 40 DOM
5. 2026-05-31
   days on market $299,900 Active 39 DOM
6. 2026-04-23
   listed $299,900 New 929-char remark

   Show marketing remark (929 chars)

   Easy Living Starts Here! Welcome to 31 Thomaston St - a charming one-level condo designed for comfort, convenience, and low-maintenance living. This 2-bedroom, 2-bathroom home offers a functional layout with everything you need on a single level, making it perfect for effortless day-to-day living. Step inside to find a bright and inviting living space, ideal for relaxing or entertaining. The spacious primary suite features its own private bath, while the secondary bedroom provides flexibility for guests. A flex space is ideal for a home office, or hobbies with an additional sunroom as a second living space. Enjoy all the perks of a well-maintained community with fantastic amenities, giving you more time to enjoy life and less time worrying about upkeep. Whether you're downsizing, or looking for your first home, this one checks all the boxes for comfort and convenience. Simple. Stylish. Stress-free living awaits!

7. 2026-04-22
   historical $299,900 929-char remark

   Show marketing remark (929 chars)

   Easy Living Starts Here! Welcome to 31 Thomaston St - a charming one-level condo designed for comfort, convenience, and low-maintenance living. This 2-bedroom, 2-bathroom home offers a functional layout with everything you need on a single level, making it perfect for effortless day-to-day living. Step inside to find a bright and inviting living space, ideal for relaxing or entertaining. The spacious primary suite features its own private bath, while the secondary bedroom provides flexibility for guests. A flex space is ideal for a home office, or hobbies with an additional sunroom as a second living space. Enjoy all the perks of a well-maintained community with fantastic amenities, giving you more time to enjoy life and less time worrying about upkeep. Whether you're downsizing, or looking for your first home, this one checks all the boxes for comfort and convenience. Simple. Stylish. Stress-free living awaits!

8. 2023-04-06
   soldstatus $270,000
9. 2023-03-31
   soldstatus $270,000 Sold 968-char remark

   Show marketing remark (968 chars)

   Come see this stunning 2 bed 2 bath with an optional 3rd bedroom condo in the very quiet Newnan sub division of Highlands at Madison Park! This property is 5 minutes from Piedmont & CTCA, downtown, shopping, restaurants and more. Upgraded cabinetry and stone counter tops, bonus room plus a sun-room that makes a lovely extension of the living room separated by French doors. Gorgeous hardwood floors, tile, new windows, freshly painted exterior, HIGH ceilings, split bedroom plan with 1 large master bedroom and walk in closet. 1 secondary bedroom, and 1 bonus room / office that can be an optional 3rd bedroom with large French doors. Loads of storage with pull down attic storage. Large 2 car garage perfect for a workshop. Plenty of closest space throughout the home. Ceiling fans throughout this totally electric home. The community center has a pool, park, and sidewalks around the neighborhood lake and underground utilities. This home has so much to offer!

10. 2023-03-31
    soldstatus $270,000 Closed

    Show marketing remark (968 chars)

    Come see this stunning 2 bed 2 bath with an optional 3rd bedroom condo in the very quiet Newnan sub division of Highlands at Madison Park! This property is 5 minutes from Piedmont & CTCA, downtown, shopping, restaurants and more. Upgraded cabinetry and stone counter tops, bonus room plus a sun-room that makes a lovely extension of the living room separated by French doors. Gorgeous hardwood floors, tile, new windows, freshly painted exterior, HIGH ceilings, split bedroom plan with 1 large master bedroom and walk in closet. 1 secondary bedroom, and 1 bonus room / office that can be an optional 3rd bedroom with large French doors. Loads of storage with pull down attic storage. Large 2 car garage perfect for a workshop. Plenty of closest space throughout the home. Ceiling fans throughout this totally electric home. The community center has a pool, park, and sidewalks around the neighborhood lake and underground utilities. This home has so much to offer!

11. 2023-03-05
    status Under Contract 968-char remark

    Show marketing remark (968 chars)

    Come see this stunning 2 bed 2 bath with an optional 3rd bedroom condo in the very quiet Newnan sub division of Highlands at Madison Park! This property is 5 minutes from Piedmont & CTCA, downtown, shopping, restaurants and more. Upgraded cabinetry and stone counter tops, bonus room plus a sun-room that makes a lovely extension of the living room separated by French doors. Gorgeous hardwood floors, tile, new windows, freshly painted exterior, HIGH ceilings, split bedroom plan with 1 large master bedroom and walk in closet. 1 secondary bedroom, and 1 bonus room / office that can be an optional 3rd bedroom with large French doors. Loads of storage with pull down attic storage. Large 2 car garage perfect for a workshop. Plenty of closest space throughout the home. Ceiling fans throughout this totally electric home. The community center has a pool, park, and sidewalks around the neighborhood lake and underground utilities. This home has so much to offer!

12. 2023-03-05
    status Pending

    Show marketing remark (968 chars)

    Come see this stunning 2 bed 2 bath with an optional 3rd bedroom condo in the very quiet Newnan sub division of Highlands at Madison Park! This property is 5 minutes from Piedmont & CTCA, downtown, shopping, restaurants and more. Upgraded cabinetry and stone counter tops, bonus room plus a sun-room that makes a lovely extension of the living room separated by French doors. Gorgeous hardwood floors, tile, new windows, freshly painted exterior, HIGH ceilings, split bedroom plan with 1 large master bedroom and walk in closet. 1 secondary bedroom, and 1 bonus room / office that can be an optional 3rd bedroom with large French doors. Loads of storage with pull down attic storage. Large 2 car garage perfect for a workshop. Plenty of closest space throughout the home. Ceiling fans throughout this totally electric home. The community center has a pool, park, and sidewalks around the neighborhood lake and underground utilities. This home has so much to offer!

13. 2023-02-17
    status Back On Market 968-char remark

    Show marketing remark (968 chars)

    Come see this stunning 2 bed 2 bath with an optional 3rd bedroom condo in the very quiet Newnan sub division of Highlands at Madison Park! This property is 5 minutes from Piedmont & CTCA, downtown, shopping, restaurants and more. Upgraded cabinetry and stone counter tops, bonus room plus a sun-room that makes a lovely extension of the living room separated by French doors. Gorgeous hardwood floors, tile, new windows, freshly painted exterior, HIGH ceilings, split bedroom plan with 1 large master bedroom and walk in closet. 1 secondary bedroom, and 1 bonus room / office that can be an optional 3rd bedroom with large French doors. Loads of storage with pull down attic storage. Large 2 car garage perfect for a workshop. Plenty of closest space throughout the home. Ceiling fans throughout this totally electric home. The community center has a pool, park, and sidewalks around the neighborhood lake and underground utilities. This home has so much to offer!

14. 2023-02-17
    status Active

    Show marketing remark (968 chars)

    Come see this stunning 2 bed 2 bath with an optional 3rd bedroom condo in the very quiet Newnan sub division of Highlands at Madison Park! This property is 5 minutes from Piedmont & CTCA, downtown, shopping, restaurants and more. Upgraded cabinetry and stone counter tops, bonus room plus a sun-room that makes a lovely extension of the living room separated by French doors. Gorgeous hardwood floors, tile, new windows, freshly painted exterior, HIGH ceilings, split bedroom plan with 1 large master bedroom and walk in closet. 1 secondary bedroom, and 1 bonus room / office that can be an optional 3rd bedroom with large French doors. Loads of storage with pull down attic storage. Large 2 car garage perfect for a workshop. Plenty of closest space throughout the home. Ceiling fans throughout this totally electric home. The community center has a pool, park, and sidewalks around the neighborhood lake and underground utilities. This home has so much to offer!

15. 2023-02-07
    status Under Contract 968-char remark

    Show marketing remark (968 chars)

    Come see this stunning 2 bed 2 bath with an optional 3rd bedroom condo in the very quiet Newnan sub division of Highlands at Madison Park! This property is 5 minutes from Piedmont & CTCA, downtown, shopping, restaurants and more. Upgraded cabinetry and stone counter tops, bonus room plus a sun-room that makes a lovely extension of the living room separated by French doors. Gorgeous hardwood floors, tile, new windows, freshly painted exterior, HIGH ceilings, split bedroom plan with 1 large master bedroom and walk in closet. 1 secondary bedroom, and 1 bonus room / office that can be an optional 3rd bedroom with large French doors. Loads of storage with pull down attic storage. Large 2 car garage perfect for a workshop. Plenty of closest space throughout the home. Ceiling fans throughout this totally electric home. The community center has a pool, park, and sidewalks around the neighborhood lake and underground utilities. This home has so much to offer!

16. 2023-02-07
    status Pending

    Show marketing remark (968 chars)

    Come see this stunning 2 bed 2 bath with an optional 3rd bedroom condo in the very quiet Newnan sub division of Highlands at Madison Park! This property is 5 minutes from Piedmont & CTCA, downtown, shopping, restaurants and more. Upgraded cabinetry and stone counter tops, bonus room plus a sun-room that makes a lovely extension of the living room separated by French doors. Gorgeous hardwood floors, tile, new windows, freshly painted exterior, HIGH ceilings, split bedroom plan with 1 large master bedroom and walk in closet. 1 secondary bedroom, and 1 bonus room / office that can be an optional 3rd bedroom with large French doors. Loads of storage with pull down attic storage. Large 2 car garage perfect for a workshop. Plenty of closest space throughout the home. Ceiling fans throughout this totally electric home. The community center has a pool, park, and sidewalks around the neighborhood lake and underground utilities. This home has so much to offer!

17. 2023-01-10
    price $278,000 968-char remark

    Show marketing remark (968 chars)

    Come see this stunning 2 bed 2 bath with an optional 3rd bedroom condo in the very quiet Newnan sub division of Highlands at Madison Park! This property is 5 minutes from Piedmont & CTCA, downtown, shopping, restaurants and more. Upgraded cabinetry and stone counter tops, bonus room plus a sun-room that makes a lovely extension of the living room separated by French doors. Gorgeous hardwood floors, tile, new windows, freshly painted exterior, HIGH ceilings, split bedroom plan with 1 large master bedroom and walk in closet. 1 secondary bedroom, and 1 bonus room / office that can be an optional 3rd bedroom with large French doors. Loads of storage with pull down attic storage. Large 2 car garage perfect for a workshop. Plenty of closest space throughout the home. Ceiling fans throughout this totally electric home. The community center has a pool, park, and sidewalks around the neighborhood lake and underground utilities. This home has so much to offer!

18. 2023-01-10
    price $278,000

    Show marketing remark (968 chars)

    Come see this stunning 2 bed 2 bath with an optional 3rd bedroom condo in the very quiet Newnan sub division of Highlands at Madison Park! This property is 5 minutes from Piedmont & CTCA, downtown, shopping, restaurants and more. Upgraded cabinetry and stone counter tops, bonus room plus a sun-room that makes a lovely extension of the living room separated by French doors. Gorgeous hardwood floors, tile, new windows, freshly painted exterior, HIGH ceilings, split bedroom plan with 1 large master bedroom and walk in closet. 1 secondary bedroom, and 1 bonus room / office that can be an optional 3rd bedroom with large French doors. Loads of storage with pull down attic storage. Large 2 car garage perfect for a workshop. Plenty of closest space throughout the home. Ceiling fans throughout this totally electric home. The community center has a pool, park, and sidewalks around the neighborhood lake and underground utilities. This home has so much to offer!

19. 2022-12-22
    listed $285,000 New 968-char remark

    Show marketing remark (968 chars)

    Come see this stunning 2 bed 2 bath with an optional 3rd bedroom condo in the very quiet Newnan sub division of Highlands at Madison Park! This property is 5 minutes from Piedmont & CTCA, downtown, shopping, restaurants and more. Upgraded cabinetry and stone counter tops, bonus room plus a sun-room that makes a lovely extension of the living room separated by French doors. Gorgeous hardwood floors, tile, new windows, freshly painted exterior, HIGH ceilings, split bedroom plan with 1 large master bedroom and walk in closet. 1 secondary bedroom, and 1 bonus room / office that can be an optional 3rd bedroom with large French doors. Loads of storage with pull down attic storage. Large 2 car garage perfect for a workshop. Plenty of closest space throughout the home. Ceiling fans throughout this totally electric home. The community center has a pool, park, and sidewalks around the neighborhood lake and underground utilities. This home has so much to offer!

20. 2022-12-22
    listed $285,000 Active

    Show marketing remark (968 chars)

    Come see this stunning 2 bed 2 bath with an optional 3rd bedroom condo in the very quiet Newnan sub division of Highlands at Madison Park! This property is 5 minutes from Piedmont & CTCA, downtown, shopping, restaurants and more. Upgraded cabinetry and stone counter tops, bonus room plus a sun-room that makes a lovely extension of the living room separated by French doors. Gorgeous hardwood floors, tile, new windows, freshly painted exterior, HIGH ceilings, split bedroom plan with 1 large master bedroom and walk in closet. 1 secondary bedroom, and 1 bonus room / office that can be an optional 3rd bedroom with large French doors. Loads of storage with pull down attic storage. Large 2 car garage perfect for a workshop. Plenty of closest space throughout the home. Ceiling fans throughout this totally electric home. The community center has a pool, park, and sidewalks around the neighborhood lake and underground utilities. This home has so much to offer!

21. 2017-04-06
    soldstatus $180,000
22. 2017-03-31
    soldstatus $180,000 Sold
23. 2017-03-03
    status Under Contract
24. 2017-02-04
    listed $185,500 New
25. 2012-07-14
    historical
26. 2012-03-23
    price $164,000
27. 2012-01-15
    listed $169,000 New

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast GA · Resets to sale price

• Current annual tax: $924 · $77/mo
• Projected year-2 tax: $2,759 · $230/mo
• Expected delta: +$1,835/yr (+$153/mo · 198.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥104°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,311
• − Mortgage interest: −$16,799
• − Property taxes: −$924
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,105
• − Management: −$2,105
• − Depreciation: −$8,724
• Taxable loss: −$5,845
• Est. tax savings @ 24.0%: +$1,403
• After-tax cash flow: $893/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Coweta County
• NCES district ID: 1301500
• Math proficiency: 37% ▼ -16.00%
• Reading proficiency: 43% ▼ -11.00%
• Median HH income: $62,978
• Composite: 35.72/100
• National rank: #4860
• State rank: #36 of 174 in GA

Livability — Newnan

• Score: 66/100
• State rank: #184
• US rank: #11578

Category grades

Amenities F Commute F Cost of living A- Crime F Employment B Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Newnan, GA
• County: Coweta County · 148,589 people
• City population: 101,637
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 61,695
• Household income: $78,992
• Rent vs Own: 30.9% rent · 69.1% own
• Severe rent burden: 1320.0

Population outlook (Coweta County) Hauer SSP2

• Today (2025): 162,063 people
• By 2030: 173,373 · +7.0%
• By 2040: 194,658 · +20.1%
• By 2050: 212,246 · +31.0%
• By 2075: 246,544 · +52.1%
• By 2100: 257,059 · +58.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 60% Black 25% Hispanic / Latino 9% Two or more races 4% Asian 2%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2%
• Common ancestry: Slovak 2% Lithuanian 1% Serbian 1%
• Foreign-born: 8% · Canada, China, Jamaica
• Languages at home: 90% English-only · Spanish 7% Chinese 1% Other Indo-European 1%

Political lean MEDSL · Coweta

• 2024 margin: Solid R (+33.9) · D 32.7% · R 66.6%
• 2008→2024 swing: +7.3pp toward D · 2008: -41.2pp · 2024: -33.9pp
• All cycles: 2024: R+33.9 2020: R+35.5 2016: R+42.3 2012: R+44.1 2008: R+41.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -131.23%
• Current HPI: 249.0207
• Rent YoY: ▲ 2.87%
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• State GDP YoY: ▲ 2.66%
• F500 in state: 28

Industry mix (Fortune 500 HQ in GA)

Industry	F500 HQs	Revenue
▸Paper / Packaging	2	$29B
▸Retail	1	$160B
▸Transportation / Logistics	1	$91B
▸Airlines	1	$62B
▸Consumer Goods	1	$47B
▸Utilities	1	$25B

Price history

+77.5% since first listed

22 events — show timeline

• 2026-04-23 Listed $299,900 GAMLS
• 2026-04-22 Coming Soon $299,900 GAMLS
• 2023-04-06 Sold (Public Records) $270,000 Public Records
• 2023-03-31 Sold (MLS) $270,000 FMLS
• 2023-03-31 Sold (MLS) $270,000 GAMLS
• 2023-03-05 Pending — GAMLS
• 2023-03-05 Pending — FMLS
• 2023-02-17 Relisted — GAMLS
• 2023-02-17 Relisted — FMLS
• 2023-02-07 Pending — GAMLS
• 2023-02-07 Pending — FMLS
• 2023-01-10 Price Changed $278,000 GAMLS
• 2023-01-10 Price Changed $278,000 FMLS
• 2022-12-22 Listed $285,000 FMLS
• 2022-12-22 Listed $285,000 GAMLS
• 2017-04-06 Sold (Public Records) $180,000 Public Records
• 2017-03-31 Sold (MLS) $180,000 GAMLS
• 2017-03-03 Pending — GAMLS
• 2017-02-04 Listed $185,500 GAMLS
• 2012-07-14 Listing Removed — GAMLS
• 2012-03-23 Price Changed $164,000 GAMLS
• 2012-01-15 Listed $169,000 GAMLS

Property tax history

+0.3%/yr

Latest (2025): $924 · +16.0% YoY. Source: county tax records.