5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Hero Image
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5191
NW Emory Street Nw
Alcovy Shores | Georgia

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$495,000
Bedrooms
5
Bathrooms
4
Living
2,575
SQFT
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 1
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 2
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 3
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 4
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 5
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 6
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 7
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 8
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 9
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 10
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 11
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 12
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 13
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 14
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 15
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 16
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 17
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 18
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 19
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 20
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 21
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 22
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 23
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 24
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 25
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 26
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 27
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 28
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 29
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 30
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 31
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 32
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 33
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 34
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 35
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 36
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 37
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 38
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 39
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 40
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 41
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 42
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 43
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 44
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 45
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 46
5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. - Photo 47
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5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States. , Alcovy Shores , Georgia 30014

5 Bedrooms Other Residential

Beautifully renovated home located in the heart of Covington, near the interstate, restaurants, blocks away from the famed Oxford College of Emory University and the city center. This property offers the large family 4 bedrooms and 3 full baths in the main house and a separate living space consisting of 1 bedroom and 1 full bathroom, making it perfect for a mother-in-law suite or an office. Both the main house and the small house have new roofs, new efficient heating and air systems, large capacity water heater and a new appliance package. There is plenty of off-street parking on a large parking pad with pre-installed wiring to to accommodate an electric vehicle. This house is a must see!

Property

3D Street View Tour

Map showing 5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States.

Property Location

5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States., Alcovy Shores Georgia

Local Weather & Climate

Alcovy Shores, Georgia

Current Conditions Updated recently
57 °F
Scattered clouds
Feels Like 55°F
Humidity 66%
Wind 0 mph
Visibility 6.2 mi
Sunrise 11:37 AM
Sunset 11:47 PM
5-Day Forecast
Sat 21 Mar
Clouds
High 79°
Low 55°
Sun 22 Mar
Clear
High 82°
Low 59°
Mon 23 Mar
Clear
High 78°
Low 62°
Tue 24 Mar
Clouds
High 68°
Low 47°
Wed 25 Mar
Rain
High 57°
Low 45°
Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Alcovy Shores?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

$
%
$100,000
%
Estimated Monthly Payment $3,160
Monthly Payment Breakdown
Principal & Interest $2,528
Loan Amount $400,000
Total Interest $337,621
Total Cost $737,621
Potential Tax Benefits (United States)
$0 Est. First Year Interest Deduction
$0 Est. Annual Tax Savings
*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information
  • This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
  • Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
  • Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
  • This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
  • Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
  • Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Market Opinion

Ultra Luxury 145.6× median

Our perspective on current market conditions in Alcovy Shores. For informational purposes only — always consult a licensed real estate professional before making decisions.

Neutral Market
Balanced conditions. Negotiate wisely.
59
Buyer Score
Homes are taking 81 days to sell - more time to negotiate

Local Market Price Trends

Median home sale prices in Alcovy Shores, Georgia — ZIP code 30014 over the last 24 months. This shows how property values in this neighborhood have changed over time, helping you understand whether the market is appreciating, stable, or cooling.

This property is listed at $49,500,000
Area median: $340,000
+0.3% year-over-year (below the 3.5% historical avg)

Market Competition

81 days
Days on Market
Above typical
98.3%
Sale-to-List Ratio
Below asking

Future Value & Wealth Building

Starting investment: $495,000 20% down ($99,000)

41.2 years
Double Your Investment
Based on current market trends, your property value could double
$245,983
10-Year Equity
Your potential equity after 10 years of payments and appreciation
$2,635
Monthly Investment
Estimated monthly mortgage payment (principal & interest)
$820,425
30-Year Wealth Potential
Total equity after full mortgage payoff with market appreciation
2.5x
Leverage Power
Your $99,000 down payment could grow to $245,983 in equity (10 yrs)
Investment Perspective
$ $ $
$1 → $1.18
Every dollar invested today could become $1.18 in 10 years
$100 → 118 $1,000 → $1,183
+$23
$23/day
Your home may appreciate while you sleep
$162/week $701/mo $8,407/yr
$100K Investment Comparison (10 Years)
Real Estate (Leveraged)
$192K
S&P 500 Index
$259K
High-Yield Savings
$155K
Real estate leverage: potential -26% advantage over stocks
RENT 💸 -$272K
vs
OWN 📈 +$246K
$246K Potential Equity
vs $272K lost to rent over 10 years
$99K Down Payment Growth
2.5x
10yr
$246K
4.7x
20yr
$466K
8.3x
30yr
$820K
Wealth Comparison
×2
Equivalent to 2 average US homes
top 25%
US household wealth ranking
Median: $193K Yours: $820K
Time to Double Your Investment (accounting for market cycles)
42.4
years
Conservative
1.65% effective/yr
18.1
years
Optimistic
3.9% effective/yr
Projected Home Values (adjusted for market cycles)
10 Years
Conservative $583K +18%
Market $586K +18%
Optimistic $726K +47%
$246K est. equity
20 Years
Conservative $687K +39%
Market $693K +40%
Optimistic $1.1M +115%
$466K est. equity
30 Years
Conservative $809K +63%
Market $820K +66%
Optimistic $1.6M +215%
$820K est. equity

Historical Market Context

How current appreciation compares to long-term averages

National Long-Term Average
4.27 %
1967 – 2024
57 years of U.S. home price data
Recent Decade Average
6.5 %
2014 – 2024
Post-recovery bull market
Opportunity Zone
Current 2.6% appreciation is below the national historical average. This market may offer value opportunities.

Projections account for historical market cycles (~12% corrections every 6 years). Effective annual growth after corrections: 1.7%. Market scenario reflects current 2.6% YoY trend from Redfin (Apr 2026). These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Data from U.S. Census Bureau, World Bank, Zillow, and Redfin | Market data updated Apr 2026

Neighborhood Demographics

ZIP 30014 • 2022 ACS Data

40,892 Population
Median Age: 37.0
$68,163 Median Income
Average
$232,800 Median Home Value
Rent: $1,160
21.8% College Graduates
Average

Housing

Homeowners 59.4%
Renters 34.1%
Vacancy Rate 6.6%

Employment

6.5% Unemployment
10.5% Work From Home

Education Attainment (Age 25+)

High School+ 86.5%
Bachelor's+ 21.8%
Graduate+ 9.6%
Data from U.S. Census Bureau American Community Survey 2022

Frequently Asked Questions

Common questions about this property

This house at 5191 NW Emory Street Nw, Covington, GA 30014, Alcovy Shores, Georgia, United States features 5 bedrooms with 2,575 square feet of living space.
This property offers 2,575 square feet of living space.
This property is listed at $49,500,000, which equals $19223 per square foot.
In Alcovy Shores, home prices have increased 0.3% over the past year, homes typically sell within 81 days, it's currently a unknown. These market conditions can affect pricing strategies and negotiation opportunities.
Based on current market indicators, Alcovy Shores shows an active market. The market opportunity score is 59 out of 100, reflecting factors like price trends, inventory levels, and days on market.
This is a house located in Alcovy Shores, Georgia. The property is situated in an established neighborhood with convenient access to local amenities and services.
Better Homes and Gardens Real Estate Metro Brokers

Better Homes and Gardens Real Estate Metro Brokers

Better Homes and Gardens Real Estate Metro Brokers

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Jocelyne Mitchell

Jocelyne Mitchell

Better Homes and Gardens Real Estate Metro Brokers

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