NOT LISTED FOR SALE

14 W State St Savannah, GA 31401

Historic Savannah Neighborhood

Estimated Value: $2,905,934

8 Beds
6.5 Baths
10,463 Sq Ft
$278/Sq Ft Est. Value

Last Sold September 22, 2020

Last sale price $1,745,000 $167 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $17,120/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • 2-minute walk to Juliette Gordon Low Birthplace
  • Wood Flooring

About This Home

As of September 2020

Tremendous opportunity for your buyer/investor. Now for sale and to be a part of Savannah's rapid growth! This ~10,000sq ft historic gem sits one block off the main shopping corridor of Broughton Street, and steps away from beautiful Wright Square. ~3400 sq ft leased commercial retail at street level with 6 long term residential apartment rental units above. Zoned Downtown Central Business District, currently allowing short term rentals. All electric separately metered. This income producing property is being sold as is, subject to inspections. Ready for your improvement vision, with huge upward potential. Don't let this golden opportunity pass you by!

Last Agent to Sell the Property

Karen Winters

Realty One Group Inclusion License #373934 Listed on: 06/10/2020

Realty One Group Inclusion

Last Buyer's Agent

David Minkovitz

BHHS Bay Street Realty Group License #149633

BHHS Bay Street Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,432

Year Built

  • Built in 1890

Lot Details

  • 3,528 Sq Ft Lot
  • Two or More Common Walls

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Brick Exterior Construction

Interior Spaces

  • 10,463 Sq Ft Home
  • 3-Story Property
  • Pull Down Stairs to Attic

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Concrete

Bedrooms and Bathrooms

  • 8 Bedrooms

Location

  • City Lot

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Property managed by MSM

Listing and Financial Details

  • Tenant pays for cable, electric
  • Assessor Parcel Number 2-0004-44-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,432

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Construction: Brick
  • Current Zoning: BC1
  • Legal Description: E PT OF LT 9 PERCIVAL WD MOORE TYTHING
  • Legal Subdivision: Moore Tything
  • List Price Per Sq Ft: 181.11
  • Property Sub Type: Multi Building
  • Property Type: Multifamily
  • Road Surface: Asphalt
  • Style: Traditional
  • Year Built: 1890
  • Zoning Description: Commercial
  • Advertised Subdivision: Historic
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric, Range/Oven, Refrigerator
  • Attic: Pull Down
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bathrooms: 7.00
  • Total Bedrooms: 8
  • Common Walls: 2 Commonwalls
  • Floors: Carpet, Concrete, Hardwood
  • Total Sq Ft: 10463

Garage/Parking

  • Parking Description: Street Parking

Utilities

  • Cable: Cable Ready
  • Cooling Type: Central
  • Heating Type: Central
  • Num Cooling Units: 7
  • Num Heating Units: 7
  • Num Water Heaters: 7
  • Sewer: Public Sewer
  • Trash Collection Fee: Yes
  • Water: Public Water
  • Water Heater Type: Electric

Condo/Co-op/Association

  • Community: Sidewalks, Street Lights
  • Property Management: Yes
  • Property Mgt Co Name: MSM
  • Property Mgt Co Phone: 9122380875

Lot Info

  • List Price Per Acre: 23395061.73
  • Lot Description: City
  • Lot Num: 9
  • Lot Size Sq Ft: 3528
  • Lot View: Park
  • Num Acres: 0.0810
  • Parcel Number: 2-0004-44-004
  • Property Attached: Yes

Rental Info

  • Tenant Pays: Cable, Electric

Tax Info

  • Annual Tax: 13432

Multi Family

  • Unit Count: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2020
Closed on
Sep 22, 2020
Sold by
Kymercorp Llc
Bought by
14 W State Llc
Seller's Agent
Karen Winters
Realty One Group Inclusion
Buyer's Agent
David Minkovitz
BHHS Bay Street Realty Group
List Price
$1,895,000
Sold Price
$1,745,000
Premium/Discount to List
-$150,000
-7.92%
Current Estimated Value
$2,905,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,160,934
Avg. Annual Appreciation
10.67%
Original Mortgage
$1,221,500
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 9, 2016
Sold by
Paul Herbert
Bought by
Kymercorp Llc
Source: Public Records

Range of Values:

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Average Value
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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
14 W State Llc $1,745,000 --
Kymercorp Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 14 W State Llc $1,221,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2020 09/22/20 Sold $1,745,000 -7.9% $167 / Sq Ft
06/12/2020 06/12/20 Pending -- -- --
06/10/2020 06/10/20 For Sale $1,895,000 -- $181 / 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 $20,553 $711,000 $48,840 $662,160
2024 $20,553 $711,000 $48,840 $662,160
2023 $20,765 $711,000 $48,840 $662,160
2022 $19,671 $711,000 $48,840 $662,160
2021 $27,559 $638,120 $48,840 $589,280
2020 $20,149 $0 $0 $0
2019 $28,352 $109,880 $0 $0
2018 $19,132 $425,400 $48,840 $376,560
2017 $16,148 $425,400 $48,840 $376,560
2016 $10,839 $371,520 $84,240 $287,280
2015 -- $30,056 $0 $0
2014 $22,671 $442,840 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Karen Winters

    Realty One Group Inclusion

    Section Image

  • D

    Buyer's Agent in 2020

    David Minkovitz

    BHHS Bay Street Realty Group

    Section Image
  • Shane Litts

    Buyer Co-Listing Agent in 2020

    Shane Litts

    BHHS Bay Street Realty Group

    (912) 659-0464

    16 in this area

    41 Total Sales

    Shane Litts
    Section Image
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Map

Source: Savannah Multi-List Corporation

MLS Number: 226175

Savannah Multi-List Corporation

APN: 2000444004

Georgia Chatham County Savannah 31401 Historic Savannah

14 W State St, Savannah, GA

This home is located at 14 W State St, Savannah, GA 31401 since 10 June 2020 and is currently estimated at $2,905,934, approximately $277 per square foot. This property was built in 1890. 14 W State St is a home located in Chatham County with nearby schools including Otis J. Brock Elementary School, Mercer Middle School, and Groves High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Information is deemed reliable but not guaranteed.

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