NOT LISTED FOR SALE

1501 E Broad St Savannah, GA 31401

Midtown Savannah Neighborhood

Estimated Value: $317,123

-- Bed
4 Baths
8,988 Sq Ft
$35/Sq Ft Est. Value

Last Sold June 05, 2020

Last sale price $878,000 $98 Per Sq Ft

Current estimated payment $2,155/month

287 Days on Market

Highlights

  • 0.2 Acre Lot
  • Ceiling height between 10 to 12 feet
  • Concrete Flooring
  • Savannah Arts Academy Rated A+
  • Central Heating and Cooling System
  • 3-minute walk to Dixon Park

About This Home

As of June 2020

**THIS LISTING INCLUDES 6 LOTS** Dont miss this Amazing opportunity to own over a half of acre of land in the Thomas Square distict DOWNTOWN. The possibilities for developing .55 Acres in this Area Zoned TC1 & TN2 are endless . UNDER THE NEW ZONING already in effect, The Property that the existing Church is on and the ones across the street are zoned TC-1. The properties adjacent to the Church will be zoned TN-2. TC-1 Requires 435 SqFt of lot area per residential unit for Multifamily and has a Height Maximum of 3 stories/ 45 Feet . TN-2 Requires 1,750 SqFt of lot area and allows the same height. This almost 9000sf warehouse (currently used as a church ) could be an amazing center piece to Dixon park and Thomas Square District. Attched to this property are PIN numbers, 2-0053-28-033 9 (3000sf), 2-0053-28-034 (3000sf), 2-0053-28-002(3210), (3050sf ), 2-0053-28-003 (3180sf), and 2-0053-28-004 (3180sf).

6 LOTS ARE INCLUDED TOTALING .55 ACRES.

** ZONED @ TC1 & TN2***

Last Listed By

Nazira Waldo

Engel & Völkers License #382370 Listed on: 08/22/2019

Engel & Völkers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,758

Year Built

  • Built in 1947

Lot Details

  • 8,712 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence

Parking

  • 60 Car Parking Spaces

Home Design

  • Property Attached
  • Cosmetic Repairs Needed
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof
  • Block Exterior

Interior Spaces

  • 4 Bathrooms
  • 8,988 Sq Ft Home
  • 1-Story Property
  • Ceiling height between 10 to 12 feet
  • Oven or Range

Flooring

  • Carpet
  • Concrete
  • Vinyl

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 2-0053-28-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,758

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Construction: Brick, Cinder Block, Wood
  • Current Zoning: RM40
  • Flood Insurance: Yes
  • Legal Description: 41 42 43 BARRY WD
  • List Price Per Sq Ft: 122.39
  • Num Unit Stories: 1.00000
  • Present Use: Industrial
  • Property Sub Type: Church
  • Property Type: Com
  • Road Surface: Asphalt
  • Transaction Type: Sale
  • Year Built: 1947
  • Zoning Description: Commercial, Mixed Use, Multi Family
  • Special Features: None

Interior Features

  • Appliances: Gas, Range/Oven, Refrigerator
  • Half Bathrooms: 4
  • Total Bathrooms: 4.00
  • Common Walls: No Common Walls
  • Floors: Carpet, Concrete, Vinyl
  • Misc Equipment: Fire Alarm, Fixtures
  • Total Sq Ft: 8988
  • Unit Floor: 8988

Exterior Features

  • Foundation: Slab
  • Roof: Asphalt
  • Structure: Cosmetic Repairs

Garage/Parking

  • Num Parking Spaces: 60

Utilities

  • Cable: Cable Ready
  • Cooling Type: Central
  • Electric: 110 Volt, 220 Volt
  • Heating Type: Central
  • Num Cooling Units: 2
  • Num Heating Units: 2
  • Num Water Heaters: 1
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater Type: Electric

Lot Info

  • Fencing: Chain Link
  • Improvements: Curb & Gutter, Curbs, Sidewalk, Street Lights
  • List Price Per Acre: 5500000.00
  • Lot Size Sq Ft: 8712
  • Num Acres: 0.2000
  • Parcel Number: 2-0053-28-001
  • Property Attached: Yes

Building Info

  • Building Features: 10+ Ceilings

Multi Family

  • Landlord Expenses: Maintenance, Management, Taxes
  • Landlord Utilities: Cable, Electric, Garbage, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2019
Closed on
Jun 5, 2020
Sold by
Victory Prayer Synagogue Inc
Bought by
Wenum Sabrina and Wenum Joseph
Seller's Agent
Nazira Waldo
Engel & Völkers
Buyer's Agent
Liza DiMarco
Compass Georgia, LLC
List Price
$1,400,000
Sold Price
$878,000
Premium/Discount to List
-$522,000
-37.29%
Total Days on Market
287
Current Estimated Value
$317,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$560,877

Range of Values:

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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
Wenum Sabrina $203,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open East Broad Holdings Llc $1,125,000
Closed East Broad Holdings Llc $1,125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2020 06/05/20 Sold $878,000 -20.2% $98 / Sq Ft
05/21/2020 05/21/20 Price Changed $1,100,000 -4.3% $122 / Sq Ft
02/26/2020 02/26/20 Price Changed $1,150,000 -8.0% $128 / Sq Ft
11/22/2019 11/22/19 Price Changed $1,250,000 -10.7% $139 / Sq Ft
08/22/2019 08/22/19 For Sale $1,400,000 -- $156 / 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 $4,758 $163,760 $90,000 $73,760
2023 $2,189 $179,440 $90,000 $89,440
2022 $2,503 $166,560 $90,000 $76,560
2021 $3,754 $81,200 $45,200 $36,000
2020 $0 $86,440 $48,600 $37,840
2019 $0 $86,440 $48,600 $37,840
2018 $0 $90,080 $48,600 $41,480
2017 $0 $89,400 $48,600 $40,800
2016 -- $89,000 $48,600 $40,400
2015 -- $88,640 $48,600 $40,040
2014 -- $88,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nazira Waldo

    Seller's Agent in 2020

    Nazira Waldo

    Engel & Völkers

    (912) 657-4009

    2 in this area

    45 Total Sales

    Nazira Waldo
    Section Image
  • Joel Solomon

    Seller Co-Listing Agent in 2020

    Joel Solomon

    Century 21 Solomon Properties

    (912) 604-0896

    3 in this area

    109 Total Sales

    Joel Solomon
    Section Image
  • Liza DiMarco

    Buyer's Agent in 2020

    Liza DiMarco

    Compass Georgia, LLC

    (805) 450-3795

    3 in this area

    160 Total Sales

    Liza DiMarco
    Section Image
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Map

Source: Savannah Multi-List Corporation

MLS Number: 211508

Savannah Multi-List Corporation

APN: 2005328001

Georgia Chatham County Savannah 31401 Midtown Savannah

1501 E Broad St, Savannah, GA

Homes for Sale in Savannah, GA

This home is located at 1501 E Broad St, Savannah, GA 31401 since 22 August 2019 and is currently priced at $317,123, approximately $35 per square foot. This property was built in 1947. 1501 E Broad St is a home located in Chatham County with nearby schools including Shuman Elementary School, Hubert Middle School, and Savannah Arts Academy.

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