1236 E 40th St Savannah, GA 31404
Live Oak NeighborhoodEstimated Value: $340,000 - $575,616
4
Beds
3
Baths
2,254
Sq Ft
$187/Sq Ft
Est. Value
About This Home
As of September 2023Incredible opportunity to own a turnkey duplex in Savannah's up and coming Live Oak neighborhood! 1236 E 40th St is currently generating $4,000/mo in gross rental income between a 3/2 main house at $2,500, a studio at $1,200, and a storage unit/garage at $300. The 3/2 lease expires 8/31 so you can owner-occupy or place your own tenant. This location is awesome - steps to Daffin Park, easy bicycle ride to downtown, two blocks from the new Waters Cafe and other just completed commercial redevelopments along the Waters Ave corridor, 20 minutes by car to Tybee Island and less than ten minutes to the hospitals. All of the residential and commercial redevelopment happening in this neighborhood means you can sleep well at night knowing that the value of your investment will be appreciating faster than most areas in the city, and brand new roof will lower your expenses over the coming years! Owner is a licensed real estate agent in Georgia.
Last Agent to Sell the Property
Eighteen O'Two Realty LLC License #394326 Listed on: 08/03/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,776
Year Built
- Built in 1933
Lot Details
- 4,356 Sq Ft Lot
Home Design
- Duplex
Interior Spaces
- 2,254 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Utilities
- Central Heating and Cooling System
- Cooling System Mounted In Outer Wall Opening
- Heating System Mounted To A Wall or Window
- Electric Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 2006230020
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 3, 2023
Closed on
Sep 6, 2023
Sold by
1236 E 40Th Llc
Bought by
Bansal Pooja Nicole and Drago Chiara
Seller's Agent
Patrick Wilver
Eighteen O'Two Realty LLC
Buyer's Agent
Markens Pierre
Eighteen O'Two Realty LLC
List Price
$499,000
Sold Price
$485,000
Premium/Discount to List
-$14,000
-2.81%
Views
130
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
-$64,096
Avg. Annual Appreciation
-7.61%
Purchase Details
Closed on
Sep 23, 2022
Sold by
Wilver Holdings Llc
Bought by
1236 E 40Th Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 28, 2022
Sold by
Ervolina Timothy M
Bought by
Wilver Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,000
Interest Rate
3.56%
Mortgage Type
Mortgage Modification
Purchase Details
Listed on
Dec 2, 2019
Closed on
Jan 27, 2020
Sold by
Marchnight Mari Jo
Bought by
Ervolina Timothy M and Crump James Patrick
Seller's Agent
Vuk Pavlovic
Real Broker, LLC
Buyer's Agent
Ivan Rose
Keller Williams Coastal Area P
List Price
$149,900
Sold Price
$145,940
Premium/Discount to List
-$3,960
-2.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.67%
Original Mortgage
$116,752
Interest Rate
3.74%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 17, 2005
Sold by
Not Provided
Bought by
Marchnight Bertha
Similar Homes in Savannah, GA
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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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bansal Pooja Nicole | $485,000 | -- | |
| 1236 E 40Th Llc | -- | -- | |
| Wilver Holdings Llc | $236,000 | -- | |
| Ervolina Timothy M | $145,940 | -- | |
| Marchnight Bertha | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wilver Holdings Llc | $315,000 | |
| Previous Owner | Wilver Holdings Llc | $261,000 | |
| Previous Owner | Ervolina Timothy M | $116,752 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/06/2023 09/06/23 | Sold | $485,000 | -2.8% | $215 / Sq Ft |
| 08/03/2023 08/03/23 | For Sale | $499,000 | +241.9% | $221 / Sq Ft |
| 01/27/2020 01/27/20 | Sold | $145,940 | -2.6% | $65 / Sq Ft |
| 12/02/2019 12/02/19 | For Sale | $149,900 | -- | $67 / 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 | $4,168 | $117,040 | $22,000 | $95,040 |
| 2023 | $1,100 | $90,160 | $9,600 | $80,560 |
| 2022 | $776 | $63,600 | $9,600 | $54,000 |
| 2021 | $3,202 | $57,600 | $4,000 | $53,600 |
| 2020 | $382 | $39,800 | $4,000 | $35,800 |
| 2019 | $650 | $45,000 | $4,000 | $41,000 |
| 2018 | $500 | $38,360 | $4,000 | $34,360 |
| 2017 | $569 | $40,720 | $4,000 | $36,720 |
| 2016 | $319 | $27,080 | $4,000 | $23,080 |
| 2015 | $560 | $25,280 | $4,000 | $21,280 |
| 2014 | $691 | $27,120 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Patrick Wilver
Seller's Agent in 2023
Patrick Wilver
Eighteen O'Two Realty LLC
(724) 674-7652
7 in this area
145 Total Sales
-
Markens Pierre
M
Buyer's Agent in 2023
Markens Pierre
Eighteen O'Two Realty LLC
(561) 914-1564
1 in this area
26 Total Sales
-
Vuk Pavlovic
Seller's Agent in 2020
Vuk Pavlovic
Real Broker, LLC
(912) 695-6912
1 in this area
15 Total Sales
-
Ivan Rose
Buyer's Agent in 2020
Ivan Rose
Keller Williams Coastal Area P
(912) 509-5021
18 in this area
130 Total Sales
Map
Source: Savannah Multi-List Corporation
MLS Number: 294027
APN: 2006230020
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