NOT LISTED FOR SALE

Estimated Value: $876,000 - $11,456,689

6 Beds
7.5 Baths
7,500 Sq Ft
$972/Sq Ft Est. Value

Last Sold December 18, 2013

Last sale price $4,500,000 $600 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $47,002/month

354 Days on Market

Highlights

  • Ocean View
  • In Ground Pool
  • Kitchen Island
  • Oglethorpe Point Elementary School Rated A

About This Home

As of December 2013

Cottage 344 is a beautiful cottage on the ocean with breathtaking views. A double sided staircase frames the lower level living room. Also on this level is a more casual living area, with tabby floors, wet bar and serving area. The gourmet kitchen with island and a wood accented breakfast/dining room enjoys an ocean views. Three bedrooms, all with full baths, are on this floor, as well as maid's quarters with full bath and a separate entrance. Upstairs is another grand living space, with more custom woodwork on the floor and walls, cozy fireplace, wet bar with serving area. The master suite is located on this level, as well as two other bedrooms with full bath and an ocean front terrace that covers the entire upper level. An elevator makes for easy access to both floors.

Last Agent to Sell the Property

R. Don Lewis, Jr.

Sea Island Properties License #247953 Listed on: 11/29/2012

Last Buyer's Agent

R. Don Lewis, Jr.

Sea Island Properties License #247953 Listed on: 11/29/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $99,934

Year Built

  • Built in 1979

Lot Details

  • 0.6 Acre Lot
  • Property fronts a freeway
  • Zoning described as Res Single

HOA Fees

  • $17 Monthly HOA Fees

Home Design

  • Exterior Columns

Interior Spaces

  • 7,500 Sq Ft Home
  • Ocean Views
  • Kitchen Island

Bedrooms and Bathrooms

  • 6 Bedrooms

Pool

  • In Ground Pool

Community Details

  • Sea Island Ex2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 05-00230

Home Details

Home Type

Single Family

Est. Annual Taxes

$99,934

Year Built

Built in 1979

Lot Details

0

HOA Fees

$17 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.6
  • Lot Size: 0,0,0,0
  • Road Frontage Type: Freeway
  • Subdivision Name: Sea Island Ex2
  • Directions: Sea Island Drive to 32nd Street - right side on the ocean
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1979
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 0

Interior Features

  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Master Bedroom
  • Fireplace: No
  • Interior Amenities: Kitchen Island
  • Living Area: 7500.0

Exterior Features

  • Lot Features: Flood Zone
  • Pool Features: In Ground, Pool
  • View: Ocean
  • View: Yes
  • Waterfront Features: Ocean Front
  • Waterfront: No
  • Exterior Features: Balcony, Columns, Curb
  • Patio And Porch Features: Balcony

Condo/Co-op/Association

  • Association Fee: 200.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Parcel #: 05-00230
  • Zoning Description: Res Single
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2012
Closed on
Dec 18, 2013
Sold by
Cottage 344 Holding Co Llc
Bought by
Hays Jennifer Lynn
Seller's Agent
R. Don Lewis, Jr.
Sea Island Properties
Buyer's Agent
R. Don Lewis, Jr.
Sea Island Properties
List Price
$5,500,000
Sold Price
$4,500,000
Premium/Discount to List
-$1,000,000
-18.18%
Current Estimated Value
$7,291,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,791,230
Avg. Annual Appreciation
4.17%
Original Mortgage
$2,000,000
Outstanding Balance
$1,452,001
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$5,839,229

Purchase Details

Listed on
Nov 29, 2012
Closed on
Oct 31, 2013
Sold by
Lecraw Joanne Delany
Bought by
Cottage 344 Holding Co Llc
Seller's Agent
R. Don Lewis, Jr.
Sea Island Properties
Buyer's Agent
R. Don Lewis, Jr.
Sea Island Properties
List Price
$5,500,000
Sold Price
$4,500,000
Premium/Discount to List
-$1,000,000
-18.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,452,001
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$5,839,229
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hays Jennifer Lynn $4,300,000 --
Cottage 344 Holding Co Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hays Jennifer Lynn $2,000,000
Previous Owner Cottage 344 Holding Co Llc $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2013 12/18/13 Sold $4,500,000 -18.2% $600 / Sq Ft
11/18/2013 11/18/13 Pending -- -- --
11/29/2012 11/29/12 For Sale $5,500,000 -- $733 / Sq Ft
Source: Golden Isles Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $99,934 $3,959,520 $3,000,000 $959,520
2023 $82,596 $3,334,320 $2,448,840 $885,480
2022 $84,280 $3,334,320 $2,448,840 $885,480
2021 $67,783 $2,594,240 $2,148,840 $445,400
2020 $60,532 $2,294,240 $1,848,840 $445,400
2019 $57,373 $2,174,240 $1,728,840 $445,400
2018 $57,373 $2,174,240 $1,728,840 $445,400
2017 $48,760 $2,174,240 $1,728,840 $445,400
2016 $44,862 $1,847,120 $1,428,840 $418,280
2015 $41,737 $1,727,120 $1,308,840 $418,280
2014 $41,737 $1,711,040 $1,308,840 $402,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Golden Isles Association of REALTORS®

MLS Number: 1562596

Golden Isles Association of REALTORS®

APN: 05-00230