NOT LISTED FOR SALE

1218 E 59th St Savannah, GA 31404

Sackville Neighborhood

Estimated Value: $241,000 - $266,150

3 Beds
2 Baths
1,153 Sq Ft
$215/Sq Ft Est. Value

Last Sold November 21, 2024

Last sale price $240,000 $208 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,427/month

37 Days on Market

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 2024

The 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.

Last Agent to Sell the Property

Brandon Fargo

Keller Williams Coastal Area P License #416596 Listed on: 09/18/2024

Keller Williams Coastal Area P

Last Buyer's Agent

Tiffany Johnson

BHHS Bay Street Realty Group License #395973

BHHS Bay Street Realty Group

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,557

Year Built

Built in 1952

Lot Details

0

Listing Details

  • GarageYN: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1952
  • ResoLaundryFeatures: Other
  • Ownership: Investor
  • ResoSpecialListingConditions: Standard
  • Architectural Style: Traditional
  • Property Attached Yn: No
  • Tax Year: 2023
  • Master Plan Zoning: R6
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 1
  • ResoLivingAreaSource: Other

Exterior Features

  • Waterfront: No
  • Acres: 0.1263
  • Construction Type: Stick Built

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Area: 0.1263
  • Lot Size Sq Ft: 5502.0
  • Parcel Number: 2009740010
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1557.0
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2024
Closed on
Nov 15, 2024
Sold by
Diaz Giral Santiago
Bought by
Baumm Jonah
Seller's Agent
Brandon Fargo
Keller Williams Coastal Area P
Buyer's Agent
Tiffany Johnson
BHHS Bay Street Realty Group
List Price
$265,000
Sold Price
$240,000
Premium/Discount to List
-$25,000
-9.43%
Views
58
Current Estimated Value
$248,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,288
Avg. Annual Appreciation
3.22%
Original Mortgage
$230,375
Outstanding Balance
$228,257
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$20,031

Purchase Details

Listed on
Mar 9, 2022
Closed on
May 12, 2022
Sold by
New Bottom Line Llc
Bought by
Giral Santiago Diaz
Seller's Agent
Latasha Hall
Scott Realty Professionals
Buyer's Agent
Sydney Cobb
Realty One Group Inclusion
List Price
$180,000
Sold Price
$180,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.04%
Original Mortgage
$172,500
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 16, 2018
Closed on
Sep 24, 2018
Sold by
Savannah Health Svcs Llc
Bought by
Dng Realty Llc
Seller's Agent
Dawn Phaneuf
TriCounty Real Estate LLC
Buyer's Agent
Latasha Hall
Scott Realty Professionals
List Price
$72,000
Sold Price
$67,000
Premium/Discount to List
-$5,000
-6.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.29%

Purchase Details

Closed on
Feb 1, 2018
Sold by
Savannah
Bought by
Savannah Health Svcs Llc and C/O Hca Inc

Purchase Details

Closed on
Sep 8, 2006
Sold by
Not Provided
Bought by
Savannah Midtown Properties In
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
Baumm Jonah $237,500 --
Giral Santiago Diaz $180,000 --
Dng Realty Llc -- --
Savannah Health Svcs Llc -- --
Savannah Midtown Properties In $89,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baumm Jonah $230,375
Previous Owner Giral Santiago Diaz $172,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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 View Prior Sale
05/16/2018 05/16/18 For Sale $72,000 -- $66 / 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 $1,446 $89,440 $16,000 $73,440
2024 $1,446 $51,680 $16,000 $35,680
2023 $1,557 $53,320 $13,600 $39,720
2022 $405 $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

Agents Affiliated with this Home

  • Brandon Fargo

    Seller's Agent in 2024

    Brandon Fargo

    Keller Williams Coastal Area P

    (912) 433-1072

    1 in this area

    75 Total Sales

    Brandon Fargo
    Section Image

  • T

    Buyer's Agent in 2024

    Tiffany Johnson

    BHHS Bay Street Realty Group

    Section Image
  • Latasha Hall

    Seller's Agent in 2022

    Latasha Hall

    Scott Realty Professionals

    (912) 656-0266

    3 in this area

    316 Total Sales

    Latasha Hall
    Section Image
  • Sydney Cobb

    Buyer's Agent in 2022

    Sydney Cobb

    Realty One Group Inclusion

    (706) 872-8002

    1 in this area

    37 Total Sales

    Sydney Cobb
    Section Image
  • Dawn Phaneuf

    Seller's Agent in 2018

    Dawn Phaneuf

    TriCounty Real Estate LLC

    (912) 398-2800

    39 Total Sales

    Dawn Phaneuf
    Section Image
  • Emily Kelley

    Seller Co-Listing Agent in 2018

    Emily Kelley

    Vision RE & Property Mgmt.

    (843) 494-1964

    18 Total Sales

    Emily Kelley
    Section Image
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Map

Source: Savannah Multi-List Corporation

MLS Number: 319859

Savannah Multi-List Corporation

APN: 2009740010

Georgia Chatham County Savannah 31404 Sackville

1218 E 59th St, Savannah, GA

Not Listed for Sale

Detached

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