NOT LISTED FOR SALE

Estimated Value: $432,000 - $706,000

5 Beds
3 Baths
1,978 Sq Ft
$286/Sq Ft Est. Value

Last Sold May 15, 2024

Last sale price $580,000 $293 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,434/month

33 Days on Market

Highlights

  • No HOA
  • Property is near shops
  • Central Heating and Cooling System
  • Savannah Arts Academy Rated A+

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. Call today and make this property your own!

Last Agent to Sell the Property

Brandon Fargo

Keller Williams Realty Coastal Brokerage Phone: 9124331072 License #416596 Listed on: 03/06/2024

Keller Williams Realty Coastal

Last Buyer's Agent

Shilah Word

Century 21 Luxe Real Estate Services License #421692

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,420

Year Built

  • Built in 1916 | Remodeled

Lot Details

  • 7,841

Home Design

  • Duplex
  • Brick Exterior Construction
  • Vinyl Siding

Schools

  • A B Williams Elementary School
  • Hubert Middle School

Additional Features

  • 2-Story Property
  • 7,841 Sq Ft Lot
  • Property is near shops
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • The owner pays for sewer, trash collection, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,420

Year Built

Built in 1916 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1916
  • Financing Type: Conventional
  • Levels: Two
  • Lot Size Acres: .18
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: None

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Property Condition: Updated/Remodeled

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Individual Meters
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Walk To Shopping

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: A B Williams
  • High School: Other
  • Middle School: Hubert

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water

Tax Info

  • Year: 2023
  • Tax Annual Amount: 2419.71

Multi Family

  • NumberOfUnitsTotal: 2

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 Realty Coastal
Buyer's Agent
Shilah Word
Century 21 Luxe Real Estate Services
List Price
$599,999
Sold Price
$580,000
Premium/Discount to List
-$19,999
-3.33%
Views
68
Current Estimated Value
$566,629

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,371
Avg. Annual Appreciation
-1.40%
Original Mortgage
$522,000
Outstanding Balance
$514,982
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$51,647

Purchase Details

Closed on
Jul 21, 2023
Sold by
Bradley Blake A
Bought by
Mt Royal Homes Llc

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

Closed on
Jun 30, 2023
Sold by
Lochridge Christine M
Bought by
Bradley Blake A

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

Closed on
Sep 29, 2017
Sold by
Acropolis and Con
Bought by
Lochridge Christine M and Bradley Blake A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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
05/15/2024 05/15/24 Sold $580,000 0.0% $293 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
04/02/2024 04/02/24 Price Changed $580,000 -3.3% $293 / Sq Ft
03/06/2024 03/06/24 For Sale $599,999 -- $303 / Sq Ft
Source: Georgia MLS

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 $1 $100,000 $25,840 $74,160
2023 $76 $81,320 $12,000 $69,320
2022 $144 $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: Georgia MLS

MLS Number: 10269440

Georgia MLS

APN: 2005526010