NOT LISTED FOR SALE

1205 E 40th St Savannah, GA 31404

Live Oak Neighborhood

Estimated Value: $313,000 - $460,694

4 Beds
3 Baths
1,326 Sq Ft
$308/Sq Ft Est. Value

Last Sold July 06, 2022

Last sale price $396,000 $299 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,420/month

230 Days on Market

About This Home

As of July 2022

Turn key ready - this tri-plex has newer flooring, updated countertops, newer cabinets, newer appliances - Grossing about $42,000 a year this is a great investment opportunity! Currently tenant occupied - with great rental history. Conveniently located just minutes from Downtown Savannah, close to the Truman Parkway and 20 minutes from Tybee Beach. Zoned RSF 5.

Last Agent to Sell the Property

Heather Booth

BHHS Bay Street Realty Group License #314371 Listed on: 11/18/2021

BHHS Bay Street Realty Group

Last Buyer's Agent

Kenyatta Allen

Realty One Group Inclusion License #407247

Realty One Group Inclusion

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,197

Year Built

  • Built in 1939

Lot Details

  • 9,148 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Triplex

Interior Spaces

  • 1,326 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2007706003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,197

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Construction: Wood
  • Current Zoning: R6
  • Legal Description: LOTS 3 & 4 & ADJ STRIP BLK 8 KEHOE WD
  • Legal Subdivision: Kehoe
  • List Price Per Sq Ft: 303.17
  • Property Sub Type: Tri-Plex
  • Property Type: Multifamily
  • Road Surface: Asphalt
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Total Sq Ft: 1326

Garage/Parking

  • Num Parking Pad: 2
  • Parking Description: Off Street

Utilities

  • Cooling Type: Window
  • Gas: Natural Gas
  • Heating Type: Window Unit
  • Num Cooling Units: 3
  • Num Heating Units: 3
  • Num Water Heaters: 2
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater Type: Gas

Lot Info

  • List Price Per Acre: 1914285.71
  • Lot Num: 3
  • Lot Size Sq Ft: 9148
  • Num Acres: 0.2100
  • Parcel Number: 2007706003

Rental Info

  • Rental Info: Entire House

Multi Family

  • Unit Count: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2021
Closed on
Jul 6, 2022
Sold by
Ardsley Park Savannah Properties Llc
Bought by
Lawoyin Lajide and Lawoyin Afolake Olabisi
Seller's Agent
Heather Booth
BHHS Bay Street Realty Group
Buyer's Agent
Kenyatta Allen
Realty One Group Inclusion
List Price
$419,000
Sold Price
$396,000
Premium/Discount to List
-$23,000
-5.49%
Current Estimated Value
$407,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,924
Avg. Annual Appreciation
0.93%
Original Mortgage
$297,000
Outstanding Balance
$281,933
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$125,991

Purchase Details

Listed on
Apr 22, 2019
Closed on
Jun 14, 2019
Sold by
Savannah Real Estate Fund I Llc
Bought by
Ardsley Park Savannah Properties Llc
Seller's Agent
Mike Farmer
Mike Farmer Realty
Buyer's Agent
Heather Booth
BHHS Bay Street Realty Group
List Price
$115,000
Sold Price
$115,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.19%
Original Mortgage
$148,400
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 31, 2017
Sold by
Hall Dennis O
Bought by
Savannah Real Estate Fund I Ll

Purchase Details

Closed on
Oct 31, 2011
Sold by
Herrod Gladys
Bought by
Hall Dennis O
Source: Public Records

Range of Values:

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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
Lawoyin Lajide $396,000 --
Ardsley Park Savannah Properties Llc $115,000 --
Savannah Real Estate Fund I Ll $67,500 --
Hall Dennis O $16,000 --
Hall Dennis O $16,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lawoyin Lajide $297,000
Previous Owner Ardsley Park Savannah Proper $148,400
Previous Owner Rhodes Purcell $4,773
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2022 07/06/22 Sold $396,000 -1.5% $299 / Sq Ft
05/18/2022 05/18/22 Price Changed $402,000 -0.2% $303 / Sq Ft
05/04/2022 05/04/22 Price Changed $403,000 -1.2% $304 / Sq Ft
04/27/2022 04/27/22 Price Changed $408,000 -0.2% $308 / Sq Ft
03/16/2022 03/16/22 Price Changed $409,000 -0.2% $308 / Sq Ft
03/02/2022 03/02/22 Price Changed $410,000 -1.1% $309 / Sq Ft
02/21/2022 02/21/22 Price Changed $414,500 -0.1% $313 / Sq Ft
12/23/2021 12/23/21 Price Changed $415,000 -1.0% $313 / Sq Ft
11/18/2021 11/18/21 For Sale $419,000 +264.3% $316 / Sq Ft
06/21/2019 06/21/19 Sold $115,000 0.0% $87 / Sq Ft
04/22/2019 04/22/19 For Sale $115,000 -- $87 / 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 $3,197 $110,600 $12,000 $98,600
2024 $3,197 $110,600 $12,000 $98,600
2023 $889 $110,600 $12,000 $98,600
2022 $889 $72,840 $12,000 $60,840
2021 $3,096 $64,240 $5,000 $59,240
2020 $897 $43,880 $5,000 $38,880
2019 $1,377 $28,400 $5,000 $23,400
2018 $1,489 $24,760 $5,000 $19,760
2017 $850 $25,640 $5,000 $20,640
2016 $530 $18,160 $5,000 $13,160
2015 $984 $17,440 $5,200 $12,240
2014 $991 $17,840 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Heather Booth

    Seller's Agent in 2022

    Heather Booth

    BHHS Bay Street Realty Group

    (912) 401-9401

    3 in this area

    213 Total Sales

    Heather Booth
    Section Image
  • Kenyatta Allen

    Buyer's Agent in 2022

    Kenyatta Allen

    Realty One Group Inclusion

    (912) 247-4197

    2 in this area

    68 Total Sales

    Kenyatta Allen
    Section Image

  • M

    Seller's Agent in 2019

    Mike Farmer

    Mike Farmer Realty

    Section Image
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Map

Source: Savannah Multi-List Corporation

MLS Number: 261305

Savannah Multi-List Corporation

APN: 2007706003

Georgia Chatham County Savannah 31404 Live Oak

1205 E 40th St, Savannah, GA

This home is located at 1205 E 40th St, Savannah, GA 31404 since 18 November 2021 and is currently estimated at $407,924, approximately $307 per square foot. This property was built in 1939. 1205 E 40th St is a home located in Chatham County with nearby schools including Spencer Elementary School, Hubert Middle School, and Savannah Arts Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Savannah Multi-List Corporation IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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