NOT LISTED FOR SALE

360 W Fortieth St (Cottage 375) Sea Island, GA 31561

Sea Island Neighborhood

Estimated Value: $6,349,000 - $6,752,000

6 Beds
9 Baths
8,200 Sq Ft
$792/Sq Ft Est. Value

Last Sold August 24, 2016

Last sale price $3,600,000 $439 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $39,425/month

1,588 Days on Market

Highlights

  • Water Views
  • Docks
  • Gated Community
  • Oglethorpe Point Elementary School Rated A
  • Heated In Ground Pool
  • Private Membership Available

About This Home

As of August 2016

An extraordinary residence enjoys an exceptional marsh front setting with a dock. The cottage was updated in 2012 with interior and exterior paint, new fixtures, widened master bedroom entry, added new office, updated master bathroom and new audio/visual package. All rooms on the first floor are open to terraces and the marsh, and the upstairs bedrooms open to marsh front balconies. The grand scale living room has hardwood floors, a fireplace, and a large arched window that affords wonderful marsh vistas. The residence includes an apartment on the second floor with separate direct access. The custom designed swimming pool features four fountains and there is an outdoor fireplace and bar patio. Click here to view Drone aerial video.

Last Agent to Sell the Property

Patrick Dunn

Sea Island Properties License #295702 Listed on: 03/20/2012

Last Buyer's Agent

Patrick Dunn

Sea Island Properties License #295702 Listed on: 03/20/2012

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1981

Lot Details

  • 0.68 Acre Lot
  • Property fronts a freeway
  • Landscaped
  • Sprinkler System

HOA Fees

  • $23 Monthly HOA Fees

Parking

  • 2 Car Garage

Interior Spaces

  • 8,200 Sq Ft Home
  • 2-Story Property
  • 3 Fireplaces
  • Water Views
  • Home Security System

Bedrooms and Bathrooms

  • 6 Bedrooms

Outdoor Features

  • Heated In Ground Pool
  • Docks

Listing and Financial Details

  • Assessor Parcel Number 05-00019

Community Details

Overview

  • Private Membership Available
  • Sea Island Ex2 Subdivision

Amenities

  • Community Barbecue Grill
  • Elevator

Recreation

  • Community Pool
  • Community Spa

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 1981

Lot Details

0

HOA Fees

$23 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.68
  • Lot Size: 175,202,277,187
  • Road Frontage Type: Freeway
  • Road Surface Type: Paved
  • Ownership: Fee Simple
  • Subdivision Name: Sea Island Ex2
  • Directions: Sea Island Drive to 36th, turn left. Left on 40th Street and you will dead end into cottage 375 driveway.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1981
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Spa Features: Association
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplaces: 3
  • Fireplace: Yes
  • Living Area: 8200.0
  • Stories: 2

Exterior Features

  • Lot Features: Flood Zone, Landscaped
  • Pool Features: Heated, In Ground, Pool, Association
  • View: Marsh View, Water
  • View: Yes
  • Waterfront Features: Bulkhead, Seawall
  • Waterfront: No
  • Exterior Features: Dock, Sprinkler/Irrigation
  • Other Structures: Greenhouse

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Security: Security System, Gated Community

Condo/Co-op/Association

  • Amenities: Adjacent Water, Dock, Elevator(s), Gated, Barbecue, Private Membership, Pool, Recreation Facilities, Spa/Hot Tub
  • Association Fee: 275.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Parcel #: 05-00019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2012
Closed on
Aug 25, 2016
Bought by
Stuckey Williamson Sylvester J
Seller's Agent
Patrick Dunn
Sea Island Properties
Buyer's Agent
Patrick Dunn
Sea Island Properties
List Price
$4,750,000
Sold Price
$3,600,000
Premium/Discount to List
-$1,150,000
-24.21%
Current Estimated Value
$6,492,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,892,991
Avg. Annual Appreciation
6.52%

Purchase Details

Closed on
Jan 21, 2015
Sold by
Pope Carter B
Bought by
Cb Pope Sea Island Llc

Purchase Details

Closed on
Nov 14, 2011
Sold by
Mccandless Mary Ann Lifsey and Shepard John K
Bought by
Pope Carter D

Purchase Details

Closed on
Oct 31, 2011
Sold by
Mccandless Mary Ann E
Bought by
Mccandless Mary Ann Lifsey and Shepard John
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Stuckey Williamson Sylvester J $3,600,000 --
Cb Pope Sea Island Llc -- --
Cb Pope Sea Island Llc -- --
Pope Carter D $2,720,930 --
Pope Carter D -- --
Mccandless Mary Ann Lifsey $179,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2016 08/24/16 Sold $3,600,000 -24.2% $439 / Sq Ft
07/25/2016 07/25/16 Pending -- -- --
03/20/2012 03/20/12 For Sale $4,750,000 -- $579 / Sq Ft
Source: Golden Isles Association of REALTORS®

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 $63,369 $2,510,760 $995,560 $1,515,200
2024 $54,689 $2,166,840 $865,720 $1,301,120
2023 $32,840 $2,004,520 $590,240 $1,414,280
2022 $33,901 $2,004,520 $590,240 $1,414,280
2021 $35,026 $1,659,880 $330,560 $1,329,320
2020 $35,358 $1,346,320 $629,600 $716,720
2019 $35,358 $1,346,320 $629,600 $716,720
2018 $35,358 $1,346,320 $629,600 $716,720
2017 $35,649 $1,349,200 $629,600 $719,600
2016 $25,544 $1,049,520 $550,920 $498,600
2015 $25,649 $1,049,520 $550,920 $498,600
2014 $25,649 $1,049,520 $550,920 $498,600
Source: Public Records

Agents Affiliated with this Home

  • Patrick Dunn

    Seller's Agent in 2016

    Patrick Dunn

    Sea Island Properties

    (912) 638-5838

    134 in this area

    205 Total Sales

    Patrick Dunn
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Map

Source: Golden Isles Association of REALTORS®

MLS Number: 1558121

Golden Isles Association of REALTORS®

APN: 05-00019

Georgia Glynn County Sea Island 31561 Sea Island

360 W Fortieth St (Cottage 375), Sea Island, GA

Not Listed for Sale

Detached

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