16 Covey Ct
Lexington, NC 27292
3 bd 3 ba 1,220 sqft Built 2022 Lot 6,229 sqft single_family
Most recent sale
$234,990
Aug 26, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 26, 2022 | Sold | $234,990 | MLS #1060907 |
| Mar 4, 2022 | Listed | — | MLS #1060907 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $114,040 | $45,000 | $159,040 | $2,067 |
| 2023 | $114,040 | $45,000 | $159,040 | $2,067 |
| 2022 | — | $45,000 | $45,000 | $585 |
Property facts
Year built
2022
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
1,220 sqft
Lot size
6,229 sqft
ZIP code
27292
City
Lexington
Street
Covey Ct
Coordinates
35.81530, -80.27656
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,647
Gross rental yield
8.41%
Implied cap rate
5.47%
Trend-extrapolated value
—
Frequently asked questions
When did 16 Covey Ct last sell?
16 Covey Ct most recently sold on Aug 26, 2022 for $234,990.
What is the current tax assessment for 16 Covey Ct?
The most recent total assessment for 16 Covey Ct (year 2025) is $159,040 with $2,067 in property tax.
How does 16 Covey Ct's assessment compare to its last sale price?
The current assessment is 32.3% below the last sale price of $234,990.
When was 16 Covey Ct built?
16 Covey Ct was built in 2022.
How does 16 Covey Ct compare to others on Covey Ct?
We track 8 other properties on Covey Ct. Browse the list under "Other properties on Covey Ct" to compare beds, baths, and sale history.
What are the property facts for 16 Covey Ct?
16 Covey Ct is a 3 bed, 3 bath, 1,220 sqft, 6,229 sqft lot single_family.
Is 16 Covey Ct a flip candidate?
No — 16 Covey Ct does not appear in our flips dataset.
Is 16 Covey Ct a tax-appeal candidate?
No — 16 Covey Ct is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-4.8%
Implied 1-yr
-19.0%
2026 Q3
$252.1K
2026 Q4
$234.8K
ZIP 27292 — Median Price History + Forecast
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Geography
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