$1,075,000
SOLD FEB 21, 2025

1314 2nd Ave Tybee Island, GA 31328

5 Beds
3 Baths
3,024 Sq Ft
4,748 Sq Ft Lot

Recently Sold

$355 Per Sq Ft

7% Below List Price

144 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Central Heating and Cooling System
  • Howard Elementary School Rated A-

About This Home

As of February 2025

This exceptional investment opportunity on Tybee Island features a multi-unit property with impressive rental potential. The upper unit is a 3/2, recently rented for $3,500 per month, boasts heart pine floors, crown molding, and a luxurious master suite with private outdoor spaces. The lower unit is a 2/2 commanding a steady $2,200 per month, contributing to a robust pro forma annual income. Both units share access to a beautifully landscaped backyard with an outdoor shower and a deck, enhancing tenant appeal. Just blocks from the beach, this property promises a steady stream of rental demand, making it an ideal acquisition for investors seeking to capitalize on Tybee Island's vibrant rental market.

Last Agent to Sell the Property

Brandon Fargo

Keller Williams Coastal Area P License #416596 Listed on: 08/15/2024

Keller Williams Coastal Area P

Last Buyer's Agent

Sara Bacon

Keller Williams Coastal Area P License #377507

Keller Williams Coastal Area P

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,340

Year Built

  • Built in 1930

Lot Details

  • 4,748 Sq Ft Lot
  • 4 Pads in the community

Home Design

  • Duplex
  • Traditional Architecture
  • Concrete Siding

Interior Spaces

  • 3,024 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry on upper level
  • Washer and Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 50b
  • Assessor Parcel Number 4000715013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,340

Year Built

Built in 1930

Lot Details

0

Listing Details

  • GarageYN: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Year Built: 1930
  • ResoLaundryFeatures: Washer Hookup, Dryer Hookup, Upper Level
  • Ownership: Homeowner/Owner
  • ResoSpecialListingConditions: Standard
  • Architectural Style: Traditional
  • Property Attached Yn: No
  • Tax Year: 2023
  • Master Plan Zoning: R2
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Stories: 3

Exterior Features

  • Waterfront: No
  • Acres: 0.109
  • Construction Type: Concrete

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Area: 0.109
  • Lot Size Sq Ft: 4748.0
  • Parcel Number: 4000715013
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 11340.0
  • Tax Lot: 50b

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2024
Closed on
Feb 21, 2025
Sold by
Milhoan Kenneth
Bought by
Homayuni Ali
Seller's Agent
Brandon Fargo
Keller Williams Coastal Area P
Buyer's Agent
Sara Bacon
Keller Williams Coastal Area P
List Price
$1,150,000
Sold Price
$1,075,000
Premium/Discount to List
-$75,000
-6.52%
Views
232
Current Estimated Value
$1,071,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,335
Avg. Annual Appreciation
7.11%

Purchase Details

Listed on
Sep 13, 2021
Closed on
May 12, 2022
Sold by
Braine Beverly B
Bought by
Milhoan Kenneth
Seller's Agent
Melba Judd
Judd Realty, LLC
Buyer's Agent
Earl Judd
Judd Realty, LLC
List Price
$910,000
Sold Price
$910,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.18%
Original Mortgage
$637,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2016
Sold by
Gaster Amy Jeannete
Bought by
Braine Beverly B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$759,000
Interest Rate
3.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 9, 2006
Sold by
Not Provided
Bought by
G Gay and Cox G

Purchase Details

Closed on
Dec 16, 2004
Sold by
Wise Darryl Dell
Bought by
Gaster Amy Jeannete
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 Type Sale Price Title Company
Warranty Deed $1,075,100 --
Warranty Deed $910,000 --
Warranty Deed $799,000 --
Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $637,000 New Conventional
Previous Owner $759,000 Commercial
Previous Owner $383,295 Commercial
Previous Owner $150,000 Commercial
Previous Owner $417,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2025 02/21/25 Sold $1,075,000 -6.5% $355 / Sq Ft
01/06/2025 01/06/25 Pending -- -- --
08/15/2024 08/15/24 For Sale $1,150,000 +26.4% $380 / Sq Ft
05/12/2022 05/12/22 Sold $910,000 0.0% $301 / Sq Ft
03/13/2022 03/13/22 Pending -- -- --
09/13/2021 09/13/21 For Sale $910,000 -- $301 / 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
2024 $12,130 $372,040 $130,000 $242,040
2023 $11,340 $357,840 $120,000 $237,840
2022 $5,169 $288,200 $120,000 $168,200
2021 $5,126 $259,560 $54,000 $205,560
2020 $5,181 $280,640 $54,000 $226,640
2019 $7,742 $280,640 $54,000 $226,640
2018 $4,923 $224,680 $54,000 $170,680
2017 $5,144 $180,560 $64,480 $116,080
2016 $5,143 $159,640 $64,480 $95,160
2015 $1,767 $162,400 $64,480 $97,920
2014 $2,566 $163,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Savannah Multi-List Corporation

MLS Number: 317037

Savannah Multi-List Corporation

APN: 4000715013