3 2nd Terrace Tybee Island, GA 31328
Estimated payment $12,470/month
Highlights
- No HOA
- Subterranean Parking
- Central Heating and Cooling System
- Howard Elementary School Rated A-
- No Interior Steps
About This Home
The Terraces has three (3) separate apartments and grosses over $250,000 annually. This location and accommodations have been a favorite for those wanting to escape to Tybee, enjoy the
ocean and the view, and sit back and relax - this property is located one back with some pretty fantastic views that make you never want to leave - just steps from the beach crossover, this property has an elevator for convenience and parking for all three apartments. All units are upgraded as required and furnishing replaced to insure that their excellent occupancy rate continues - they average about 80% occupancy each year. Total renovation in 2006. Elevator to 2nd and 3rd level. Please check Desoto Beach rentals (The Terraces) for more pictures.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,466
Year Built
- Built in 1935
Home Design
- Frame Construction
- Composition Roof
Interior Spaces
- 3,200 Sq Ft Home
- 3-Story Property
Kitchen
- Oven
- Range
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- 4 Carport Spaces
- Subterranean Parking
- Off-Street Parking
Schools
- Tima Elementary School
- Coastal Middle School
- Islands High School
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Wall Furnace
- Underground Utilities
- Electric Water Heater
Additional Features
- No Interior Steps
- No Common Walls
Community Details
- No Home Owners Association
- 3 Units
- Desoto Beach Prop Association
Listing and Financial Details
- Assessor Parcel Number 4000405004
Map
Home Values in the Area
Average Home Value in this Area
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 | $23,466 | $437,640 | $97,520 | $340,120 |
| 2024 | $23,466 | $437,640 | $97,520 | $340,120 |
| 2023 | $17,088 | $381,840 | $97,520 | $284,320 |
| 2022 | $9,094 | $310,920 | $97,520 | $213,400 |
| 2021 | $8,911 | $270,600 | $46,002 | $224,598 |
| 2020 | $9,297 | $270,600 | $46,002 | $224,598 |
| 2019 | $13,100 | $289,440 | $49,920 | $239,520 |
| 2018 | $9,296 | $270,600 | $49,920 | $220,680 |
| 2017 | $6,855 | $212,760 | $51,200 | $161,560 |
| 2016 | $6,855 | $212,760 | $51,200 | $161,560 |
| 2015 | $10,295 | $212,760 | $51,200 | $161,560 |
| 2014 | $10,193 | $214,680 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/24/2025 02/24/25 | For Sale | $1,995,000 | 0.0% | $623 / Sq Ft |
| 10/14/2024 10/14/24 | Off Market | $1,995,000 | -- | -- |
| 04/11/2024 04/11/24 | Price Changed | $1,995,000 | -11.3% | $623 / Sq Ft |
| 03/12/2024 03/12/24 | For Sale | $2,250,000 | 0.0% | $703 / Sq Ft |
| 03/06/2024 03/06/24 | Pending | -- | -- | -- |
| 10/16/2023 10/16/23 | For Sale | $2,250,000 | -- | $703 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $550,000 | -- | |
| Warranty Deed | $550,000 | -- | |
| Deed | $1,856,891 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $555,498 | New Conventional | |
| Previous Owner | $0 | New Conventional | |
| Closed | $0 | New Conventional |
Source: Savannah Multi-List Corporation
MLS Number: 298295
APN: 4000405004
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