5175 Lackey Street

Covington, Georgia, 30014

Redeemable DeedpendingSells Oct 6, 2026 · 2 days ago

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SqFt: 0
Lot Size: 7,459
APN: C0340-00010-023-000

Property Type: Land
Distressed: No
Vacant: No
Owner Type: Company
Owner Status: Absentee (In State)
Length of Ownership: 4 Years 10 Months
Purchase Method: Cash Purchase
County: Newton

Value

Estimated Value: $208,000
County Market Value: $9,400; 2025
Assessed Value: $3,760; 2025

Mortgage & Debt

Open Mortgages: 0
Estimated Balance: $0
Lien Flags: None recorded; RealEstateAPI flags · not a lien search

Last Sale

Public Record: $5,000; 11/12/2021
Document Type: Warranty Deed

Opportunity

Property Tax 2025: $112; annual bill · not the amount owed
Equity (est.): $208,000; 100%

Opening bid

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Assessed value

$3,760

Land $3,760Improvement $0

Market / AVM

$208,000

Property tax 2025

$112

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Mays Building & Development LLC & Miller, A L
Mailing Address: 1504 Pine Log Rd Ne Apt C, Conyers, GA 30012
Owner Type: Company
Corporate Owned: Yes

Land/Location Information

APN: C0340-00010-023-000
Property Class: The general use for the property is for residential purposes

Deal analysis

Recorded	Amount	Type	Lender	Term	Maturity	Doc #	Open
10/04/2022	$50,000	Unknown	Turner Ervin	10	01/01/2024	016506	No
10/11/2011	$26,910	Conventional	United Community Bank			008993	No

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
11/12/2021	11/12/2021	$5,000	Warranty Deed	2021-006518	Yes	Cash Purchase	Mays Building And Development Llc	Philip J Bradford
12/22/2020	12/22/2020	$2,500	Warranty Deed	2020-005424	Yes	Cash Purchase	Philip J Bradford	Michael B Bruno
10/06/2004	10/20/2004		Quit Claim Deed		No	Cash Purchase	Bruno, Michael B	Miller, A L
06/25/2002	06/28/2002		Quit Claim Deed		No	Financed	Miller, A L	Bruno, Michael B
08/22/2001	08/23/2001

Your maximum bid

$120,864

Walk away above this. Projected profit at the ceiling: $62,400 (30% of ARV).

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$108,778

Under max by $12,086

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

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Median sold

—

p(redeem) prior

—

No historical bucket for GA|Redeemable Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $208,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $208,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$16,640
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical GA range ($3,000–$7,500, ~6 months).: −$5,250
Deed recording and transferassumed Typical GA recording and deed issuance cost.: −$350
Holding costs (8 months)assumed Taxes, insurance, and securing the property at ~$312/month.: −$2,496
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$62,400
Maximum bid: $120,864

If the owner redeems

Flat penalty

20%

You'd receive

$24,173

Window

365 days

A 20% flat penalty applies if the owner redeems. It is a penalty, not annual interest — the rate does not change with how early they redeem.

redemption stays open indefinitely until the purchaser forecloses it by statutory notice (barment)

Quoted elsewhere as 20% annualised — true only if they redeem on the last possible day and you immediately redeploy the capital. Treat the flat penalty as the real number.

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. The 12-month period is a minimum, not an expiry — the redemption right persists until you serve barment notice, so budget for that process.

5175 Lackey Street

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Land/Location Information

5175 Lackey Street

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Land/Location Information

Legal Description

Tax Assessment Information

Last Non-Arm's Length Ownership Transfer

Recording Information

Buyer/Seller Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Area

Fair Market Rents

Tax Assessment Information

Mortgage History

Sale History

County records

Newton County rules

Historical comps

Verify before you bid