1218 E 59th St Savannah, GA 31404
Sackville Neighborhood
3
Beds
2
Baths
1,153
Sq Ft
5,502
Sq Ft Lot
Highlights
- Traditional Architecture
- Central Heating and Cooling System
- 3-minute walk to Edgemere/Sackville Neighborhood Park
- No HOA
- 1-Story Property
About This Home
As of November 2024The bungalow at 1218 E 59th St in Savannah, GA, offers significant income-producing potential, making it an attractive investment for those seeking a profitable real estate opportunity. With a projected capitalization rate of 8% to 10%, the property stands out in a competitive rental market where median rents within a 0.75-mile radius reach approximately $2,500. This high demand is fueled by its proximity to key locales like downtown Savannah, major hospitals, and Tybee Island, which not only ensures steady rental income but also increases the likelihood of property appreciation. Whether considering long-term or mid-term rental strategies, this property is poised to provide a robust return on investment, catering to a diverse pool of potential tenants and maximizing profitability for investors.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,557
Year Built
- Built in 1952
Lot Details
- 5,502 Sq Ft Lot
- Property is zoned R6
Home Design
- Traditional Architecture
Interior Spaces
- 1,153 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 16
- Assessor Parcel Number 2009740010
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/21/2024 11/21/24 | Sold | $240,000 | 0.0% | $208 / Sq Ft |
| 10/25/2024 10/25/24 | Pending | -- | -- | -- |
| 10/22/2024 10/22/24 | Off Market | $240,000 | -- | -- |
| 10/15/2024 10/15/24 | For Sale | $265,000 | 0.0% | $230 / Sq Ft |
| 10/02/2024 10/02/24 | Pending | -- | -- | -- |
| 09/18/2024 09/18/24 | For Sale | $265,000 | +47.2% | $230 / Sq Ft |
| 05/12/2022 05/12/22 | Sold | $180,000 | 0.0% | $165 / Sq Ft |
| 04/09/2022 04/09/22 | Pending | -- | -- | -- |
| 03/09/2022 03/09/22 | For Sale | $180,000 | +168.7% | $165 / Sq Ft |
| 09/24/2018 09/24/18 | Sold | $67,000 | -6.9% | $62 / Sq Ft |
| 05/16/2018 05/16/18 | For Sale | $72,000 | -- | $66 / Sq Ft |
Source: Savannah Multi-List Corporation
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 | $1,446 | $51,680 | $16,000 | $35,680 |
| 2023 | $1,557 | $53,320 | $13,600 | $39,720 |
| 2022 | $624 | $33,200 | $9,600 | $23,600 |
| 2021 | $761 | $20,240 | $4,200 | $16,040 |
| 2020 | $546 | $19,520 | $4,200 | $15,320 |
| 2019 | $1,040 | $17,280 | $4,200 | $13,080 |
| 2018 | $775 | $17,240 | $4,200 | $13,040 |
| 2017 | $563 | $13,400 | $4,200 | $9,200 |
| 2016 | $396 | $13,560 | $4,200 | $9,360 |
| 2015 | $646 | $15,480 | $4,200 | $11,280 |
| 2014 | $859 | $15,480 | $0 | $0 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $230,375 | New Conventional | |
| Previous Owner | $172,500 | New Conventional |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $237,500 | -- | |
| Warranty Deed | $180,000 | -- | |
| Warranty Deed | -- | -- | |
| Limited Warranty Deed | -- | -- | |
| Deed | $89,000 | -- |
Source: Public Records
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Source: Savannah Multi-List Corporation
MLS Number: 319859
APN: 2009740010
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