NOT LISTED FOR SALE

Estimated Value: $394,000 - $635,666

5 Beds
2.5 Baths
2,266 Sq Ft
$236/Sq Ft Est. Value

Last Sold May 17, 2024

Last sale price $580,000 $256 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $3,291/month

33 Days on Market

Highlights

  • No HOA
  • Savannah Arts Academy Rated A+
  • Central Heating and Cooling System

About This Home

As of May 2024

Discover an incredible fully renovated duplex situated in a prime location, offering enticing rental income potential. Positioned within close proximity to downtown Savannah & its attractions, SCAD, minutes to memorial hospital & more, this property caters to diverse rental audience, ensuring high occupancy rates & sustained profitability. Its features a new roof, granite counter tops, new bathrooms and original Victorian touches, guarantee both contemporary comfort and timeless appeal. You have a 2 bd 1.5 bath & a 3 bd 1 bath with a bonus room that can be a 4th bedroom. Backed by the area's upward trajectory & increasing rental rates, investors can anticipate substantial returns, with conservative projected rents of $50,400/yr and a robust cap rate of 8%. Huge opportunity as the furnished rental market grows tremendously. Tailored to multifamily property investors seeking a turnkey investment in Savannah's dynamic real estate landscape.

Last Agent to Sell the Property

Brandon Fargo

Keller Williams Coastal Area P License #416596 Listed on: 03/06/2024

Keller Williams Coastal Area P

Last Buyer's Agent

Becky Partin

Century 21 Luxe Real Estate License #368731

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,647

Year Built

  • Built in 1916

Lot Details

  • 7,928 Sq Ft Lot
  • No Common Walls

Home Design

  • Duplex
  • Brick Exterior Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,266 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 2005526010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,647

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Year Built: 1916
  • Ownership: Investor
  • ResoSpecialListingConditions: Standard
  • Property Attached Yn: Yes
  • Tax Year: 2023
  • Master Plan Zoning: R4
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Stories: 3

Exterior Features

  • Other Structures: Storage
  • Roof: Asphalt
  • Waterfront: No
  • Acres: 0.182
  • Construction Type: Brick, Vinyl Siding

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • HeatingYN: Yes
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Area: 0.182
  • Lot Size Sq Ft: 7928.0
  • Parcel Number: 2005526010
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 76.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2024
Closed on
May 17, 2024
Sold by
Mt Royal Homes Llc
Bought by
Johnson Zena
Seller's Agent
Brandon Fargo
Keller Williams Coastal Area P
Buyer's Agent
Becky Partin
Century 21 Luxe Real Estate
List Price
$625,000
Sold Price
$580,000
Premium/Discount to List
-$45,000
-7.2%
Views
68
Current Estimated Value
$533,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$46,083
Avg. Annual Appreciation
-5.30%
Original Mortgage
$522,000
Outstanding Balance
$514,982
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$18,935

Purchase Details

Listed on
Mar 16, 2023
Closed on
Jul 21, 2023
Sold by
Bradley Blake A
Bought by
Mt Royal Homes Llc
Seller's Agent
Tom Oxnard
Keller Williams Coastal Area P
Buyer's Agent
Brandon Fargo
Keller Williams Coastal Area P
List Price
$310,000
Sold Price
$250,000
Premium/Discount to List
-$60,000
-19.35%
Views
213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
175.64%
Original Mortgage
$393,780
Interest Rate
6.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 16, 2023
Closed on
Jun 30, 2023
Sold by
Lochridge Christine M
Bought by
Bradley Blake A
Seller's Agent
Tom Oxnard
Keller Williams Coastal Area P
Buyer's Agent
Brandon Fargo
Keller Williams Coastal Area P
List Price
$310,000
Sold Price
$250,000
Premium/Discount to List
-$60,000
-19.35%
Views
213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,780
Interest Rate
6.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 2, 2017
Closed on
Sep 29, 2017
Sold by
Acropolis and Con
Bought by
Lochridge Christine M and Bradley Blake A
Seller's Agent
Vicki Mitchell
Mitchell & Associates Inc REAL
Buyer's Agent
Shannon Hornick
Better Homes and Gardens Real
List Price
$129,000
Sold Price
$116,500
Premium/Discount to List
-$12,500
-9.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.05%
Original Mortgage
$93,200
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2014
Sold by
Chatham County Tax Commiss
Bought by
Acropolis and Constru
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Johnson Zena $580,000 --
Mt Royal Homes Llc $250,000 --
Bradley Blake A -- --
Lochridge Christine M $116,500 --
Acropolis -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Zena $522,000
Previous Owner Bradley Blake A $393,780
Previous Owner Lochridge Christine M $93,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/17/2024 05/17/24 Sold $580,000 0.0% $256 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
04/02/2024 04/02/24 Price Changed $580,000 -3.3% $256 / Sq Ft
03/20/2024 03/20/24 Price Changed $599,999 -4.0% $265 / Sq Ft
03/06/2024 03/06/24 For Sale $625,000 +150.0% $276 / Sq Ft
07/20/2023 07/20/23 Sold $250,000 -13.8% $122 / Sq Ft View Prior Sale
06/17/2023 06/17/23 Pending -- -- --
05/12/2023 05/12/23 Price Changed $289,900 -3.3% $141 / Sq Ft
04/17/2023 04/17/23 Price Changed $299,900 -3.3% $146 / Sq Ft
03/16/2023 03/16/23 For Sale $310,000 0.0% $151 / Sq Ft
03/16/2023 03/16/23 Price Changed $310,000 +166.1% $151 / Sq Ft
09/29/2017 09/29/17 Sold $116,500 -9.7% $59 / Sq Ft View Prior Sale
09/15/2017 09/15/17 Pending -- -- --
08/02/2017 08/02/17 For Sale $129,000 -- $65 / Sq Ft
Source: Savannah Multi-List Corporation

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
2025 $5,647 $201,320 $28,600 $172,720
2024 $5,647 $100,000 $25,840 $74,160
2023 $76 $81,320 $12,000 $69,320
2022 $130 $58,440 $12,000 $46,440
2021 $269 $51,080 $5,000 $46,080
2020 $143 $35,800 $5,000 $30,800
2019 $266 $40,920 $5,000 $35,920
2018 $261 $35,080 $5,000 $30,080
2017 $383 $9,200 $6,280 $2,920
2016 $268 $9,200 $6,280 $2,920
2015 $958 $16,960 $6,280 $10,680
2014 $1,253 $22,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Savannah Multi-List Corporation

MLS Number: 307090

Savannah Multi-List Corporation

APN: 2005526010