1205 E 40th St Savannah, GA 31404
Live Oak Neighborhood
4
Beds
3
Baths
1,326
Sq Ft
9,148
Sq Ft Lot
About This Home
As of July 2022Turn 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
BHHS Bay Street Realty Group License #314371 Listed on: 11/18/2021
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,068
Avg. Annual Appreciation
-0.32%
Original Mortgage
$297,000
Outstanding Balance
$284,061
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$108,013
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
Similar Homes in Savannah, GA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $396,000 | -- | |
| Warranty Deed | $115,000 | -- | |
| Warranty Deed | $67,500 | -- | |
| Deed | $16,000 | -- | |
| Warranty Deed | $16,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $297,000 | New Conventional | |
| Previous Owner | $148,400 | Commercial | |
| Previous Owner | $4,773 | New Conventional |
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
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 | $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
-
Seller's Agent in 2022
Heather Booth
BHHS Bay Street Realty Group
(912) 401-9401
5 in this area
220 Total Sales
-
Buyer's Agent in 2022
Kenyatta Allen
Realty One Group Inclusion
(912) 247-4197
2 in this area
60 Total Sales
-
M
Seller's Agent in 2019
Mike Farmer
Mike Farmer Realty
Map
Source: Savannah Multi-List Corporation
MLS Number: 261305
APN: 2007706003
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