380 Mincy Way

Covington, Georgia, 30016

Redeemable DeedpendingSells Oct 6, 2026 · 2 days ago

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SqFt: 0
Lot Size: 19,073
APN: 0045C-00000-135-000

Property Type: Land
Distressed: No
Vacant: No
Owner Type: Company
Owner Status: Absentee (In State)
Length of Ownership: 1 Year 5 Months
Purchase Method: Cash Purchase
County: Newton

Value

Estimated Value: $179,000
County Market Value: $12,500; 2025
Assessed Value: $5,000; 2025

Mortgage & Debt

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

Last Sale

Document Type: Quit Claim Deed

Opportunity

Property Tax 2025: $166; annual bill · not the amount owed
Equity (est.): $179,000; 100%
Linked Properties: 2

Opening bid

—

Assessed value

$5,000

Land $5,000Improvement $0

Market / AVM

$179,000

Property tax 2025

$166

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: MJD Properties LLC
Owner 2 Name: Hunt Nicole Roan Tr
Mailing Address: 25 Betty Ann Ln, Covington, GA 30016
Owner Type: Company
Corporate Owned: Yes

Land/Location Information

APN: 0045C-00000-135-000
Property Class

Deal analysis

School	Type	Grades	Rating	Enrollment
Porterdale Elementary School	Public	PK-5	1	422
Alcovy High School	Public	9-12	4	1,962
Clements Middle School	Public	6-8	3	794
South Salem Elementary School	Public	PK-5	2	894
Liberty Middle School	Public	6-8	4	963
Newton High School	Public	9-12	3	2,429

Sale Date	Recorded	Document	Arm's Length	Method	Buyer	Seller
03/31/2025	04/18/2025	Quit Claim Deed	No	Cash Purchase	Hunt Dwight Edward Tr, Hunt Nicole Roan Tr	Dwight Edward Hunt, Nicole Iovanna Roan Hunt

Your maximum bid

$103,232

Walk away above this. Projected profit at the ceiling: $53,700 (30% of ARV).

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

History-guided suggestion

$92,909

Under max by $10,323

≤ oracle maxBid

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

History sample

—

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 $179,000. 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: $179,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$14,320
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 ~$269/month.: −$2,148
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): −$53,700
Maximum bid: $103,232

If the owner redeems

Flat penalty

20%

You'd receive

$20,646

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.

380 Mincy Way

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Land/Location Information

380 Mincy Way

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

Schools

Tax Assessment Information

Sale History

County records

Newton County rules

Historical comps

Verify before you bid