NOT LISTED FOR SALE

Estimated Value: $893,000 - $1,031,000

6 Beds
6 Baths
3,593 Sq Ft
$271/Sq Ft Est. Value

Last Sold December 13, 2021

Last sale price $722,500 $201 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $6,004/month

43 Days on Market

Highlights

  • Wood Flooring
  • Victorian Architecture
  • Balcony
  • Savannah Arts Academy Rated A+
  • Corner Lot
  • Wrap Around Porch

About This Home

As of December 2021

National Historic Registry Building, a Queen Anne Victorian. This multi-building property features five separate income producing rental units, each unit has their own private entrance. Three units are in the main house, 301 East 40th Street A & B and 2402 Lincoln Street and two in the carriage house, 2404 Lincoln A & B. Property has strong rental history and is always rented. Ideal location on a corner lot, walking distance to restaurants along or near the Habersham Street corridor.

Last Agent to Sell the Property

David D'Arcy

Seaport Real Estate Group License #323487 Listed on: 10/20/2021

Last Buyer's Agent

Renee Williams

Realty One Group Inclusion License #395080

Realty One Group Inclusion

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,333

Year Built

  • Built in 1902

Lot Details

  • 5,750 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Chain Link Fence
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Victorian Architecture
  • Asphalt Roof
  • Siding

Interior Spaces

  • 3,593 Sq Ft Home
  • 2-Story Property
  • Pull Down Stairs to Attic
  • Laundry Room

Kitchen

  • Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Outdoor Features

  • Balcony
  • Courtyard
  • Wrap Around Porch

Location

  • City Lot

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Tenant pays for cable, electric, gas, sewer, trash, water
  • Assessor Parcel Number 2007509001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,333

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Construction: Siding, Wood
  • Current Zoning: R4
  • Flood Insurance: Unknown
  • Inclusions: Ceiling Fans, Dryer, Refrigerator, Washer
  • Legal Description: 50 E PT 49 W PT 51 GRIFFIN WD
  • Legal Subdivision: Griffin Ward
  • List Price Per Sq Ft: 193.43
  • Property Sub Type: Multi Building
  • Property Type: Multifamily
  • Road Surface: Asphalt
  • Style: Victorian
  • Year Built: 1902
  • Zoning Description: Multi Family
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Electric, Hood Fan, Microwave, Range/Oven, Refrigerator
  • Attic: Pull Down
  • Full Bathrooms: 6
  • Total Bathrooms: 6.00
  • Total Bedrooms: 6
  • Common Walls: 2 Commonwalls
  • Fireplace Features: Non-Working
  • Floors: Hardwood, Tile, Vinyl
  • Laundry: Laundry Room
  • Total Sq Ft: 3593

Exterior Features

  • Exterior House: Balcony, Courtyard, Front Porch, Wrap Porch
  • Foundation: Off Ground
  • Roof: Asphalt

Garage/Parking

  • Parking Description: Street Parking

Utilities

  • Cable: Cable Ready
  • Cooling Type: Central, Heat Pump
  • Heating Type: Forced Air
  • Num Cooling Units: 5
  • Num Heating Units: 5
  • Num Water Heaters: 5
  • Sewer: Public Sewer
  • Trash Collection Fee: Yes
  • Trash Collection: Yes
  • Water: Public Water
  • Water Heater Type: Electric

Condo/Co-op/Association

  • Community: Sidewalks, Street Lights

Lot Info

  • Fencing: Chain Link, Wood
  • List Price Per Acre: 5265151.52
  • Lot Description: City, Corner
  • Lot Size Sq Ft: 5750
  • Num Acres: 0.1320
  • Parcel Number: 2007509001
  • Property Description: House

Rental Info

  • Tenant Pays: Cable, Electric, Gas, Sewer, Trash, Water

Tax Info

  • Annual Tax: 4333

Multi Family

  • Unit Count: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2021
Closed on
Dec 13, 2021
Sold by
Bowman Steven P
Bought by
Dragons Den Llc
Seller's Agent
David D'Arcy
Seaport Real Estate Group
Buyer's Agent
Renee Williams
Realty One Group Inclusion
List Price
$695,000
Sold Price
$722,500
Premium/Discount to List
$27,500
3.96%
Current Estimated Value
$972,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,882
Avg. Annual Appreciation
8.17%
Original Mortgage
$541,875
Outstanding Balance
$35,875
Interest Rate
3.11%
Mortgage Type
Commercial
Estimated Equity
$936,507
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
Dragons Den Llc $722,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2021 12/13/21 Sold $722,500 +4.0% $201 / Sq Ft
12/03/2021 12/03/21 Pending -- -- --
10/20/2021 10/20/21 For Sale $695,000 -- $193 / 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 $10,422 $341,720 $50,000 $291,720
2024 $10,422 $344,640 $50,000 $294,640
2023 $4,013 $328,920 $50,000 $278,920
2022 $3,231 $264,840 $32,000 $232,840
2021 $12,010 $203,640 $26,000 $177,640
2020 $4,333 $137,240 $0 $137,240
2019 $8,264 $137,240 $0 $137,240
2018 $5,236 $169,840 $26,000 $143,840
2017 $5,236 $165,880 $20,840 $145,040
2016 $3,166 $108,520 $20,840 $87,680
2015 $9,360 $178,680 $20,840 $157,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Savannah Multi-List Corporation

MLS Number: 259808

Savannah Multi-List Corporation

APN: 2007509001