1/3
Pending Price cut: $3,670 (9/7)
$130,000
4 beds · 2 baths · 2,098 sqft
6 Richard Allen Drive, Newnan, GA 30263
Great deal
Priced about $179,000 (58%) below comparable homes. Estimated market value $309,000, based on 6 comparable homes nearby.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
Historic Newnan Redevelopment Opportunity — 0.8 Acre Corner Lot
Rare opportunity in Historic Newnan! This approximately 0.8-acre corner lot is located just minutes from Downtown Newnan, offering the perfect setting for an investor, builder, or buyer looking to create something special.
The existing home is offers the flexibility to renovate/rebuild or tear down and…
Home details
4
Beds
2
Baths
2,098
Sqft
1940
Built
0.8 ac
Lot
Veribas Valuation
Veribas Verified · from nearby MLS sales
$309,000range $290,000 – $328,000
Based on 6 sold homes within a mile (5 in the last 12 months), checked against 2 active/pending listings, adjusted for condition · asking 58% below this value
Automated estimate from nearby MLS sales — not an appraisal.
Veribas Rental Valuation
If you rented it out · from nearby rentals
$2,800/morange $2,600 – $3,00025.8% gross yield
Based on 6 similar rentals within 2 mi (2 recently leased).
Home facts
Payment calculator
$927/mo
Principal & interest$759
Property taxes$130
Home insurance$38
Down payment$13,000 (10%)
Interest rate6.750%
Estimates only — taxes at 1.2%/yr and insurance at 0.35%/yr of price. Get exact terms from a lender via pre-qualification.
Down payment assistance
Middle-income census tract 13077170701 · Coweta County · FFIEC 2026
Georgia Dream down payment assistance
Up to $10,000 or 5% of the price · Deferred loan (0% — repaid on sale, refinance or payoff)
For down payment. First-time buyers only. 640+ credit score. Ends Dec 31, 2026.
The State of Georgia's program (Georgia DCA), offered through Southeast Mortgage. A 0% second mortgage with no monthly payment covers 5% of the price up to $10,000 (6% up to $12,500 for nurses, educators, public protectors and households with a disabled member); repaid when you sell, refinance or move out. First-time buyers (no home in 3 years; waived in targeted areas and for veterans), household income and price limits by county, 640+ credit, $1,000 of your own money, homebuyer education. Source: dca.georgia.gov and southeastmortgage.com/uga (checked 2026-09-24).
Chenoa Fund down payment assistance
5% of the price · Forgivable loan (forgiven after a set time in the home)
For down payment. 600+ credit score. Ends Dec 31, 2026.
Value & price history
Estimated valueListed for salePrice cutPending
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Schools
Elm Street - CowetaElementary
Evans - CowetaMiddle
NewnanHigh
Location
11 for sale 1 pending 12 sold
Listed by
TOP Brokerage, LLC
Source: FMLS · #7831488
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