NOT LISTED FOR SALE

402 E 3rd St Springfield, GA 31329

Estimated Value: $456,000 - $543,000

8 Beds
8 Baths
3,700 Sq Ft
$138/Sq Ft Est. Value

Last Sold September 19, 2022

Last sale price $515,000 $139 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,729/month

14 Days on Market

About This Home

As of September 2022

Location! Location! Brand New Quadplex located in the heart of Springfield and walking distance to all shopping, restaurants & entertainment S. Laurel Street has to offer! This investment property has amazing INCOME POTENTIAL with an average market rate of $1300 - $1350 per unit! All 4 units consist of 925 sqft of living space w 2 bedrooms, 2 full baths, living room & washer/dryer hookups, stainless appliances, separate HVAC units, water & power meters. The roof has been spray foam insulated, making it more energy efficient! The front & side yard are fully sodded & irrigated with a privacy fence added to the back & right side of the lot. There are 11 available parking spaces for tenants. Tucked in a beautiful area of Effingham County; one of the fastest-growing areas in GA & located in the highly sought after & award winning Effingham school district. Just a short drive to downtown Savannah, Pooler, Sav/HHI Airport, Beaches & so much more!

Property Details

Home Type

Multi-Family

Year Built

2022

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 2022
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: None
  • Flooring: Other
  • Interior Amenities: Ceiling Fan(s), Programmable Thermostat

Exterior Features

  • Fencing: Wood
  • Roof: Asphalt

Utilities

  • Utilities: Cable Available, Underground Utilities
  • Water Source: Public

MLS Schools

  • Elementary School: Springfield
  • High School: Effingham

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2022
Closed on
Sep 16, 2022
Sold by
Echo Homebuilders Llc
Bought by
Meridian Endeavors Llc
List Price
$495,000
Sold Price
$515,000
Premium/Discount to List
$20,000
4.04%
Views
26
Current Estimated Value
$511,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,016
Avg. Annual Appreciation
-0.18%
Original Mortgage
$411,200
Outstanding Balance
$391,345
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$120,639

Purchase Details

Closed on
Feb 17, 2022
Sold by
The Commons Apartments Llc
Bought by
Echo Homebuilders Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
3.69%
Mortgage Type
Mortgage Modification
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
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
Meridian Endeavors Llc $515,000 --
Echo Homebuilders Llc $48,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meridian Endeavors Llc $411,200
Previous Owner Echo Homebuilders Llc $332,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2022 09/19/22 Sold $515,000 +4.0% $139 / Sq Ft
08/20/2022 08/20/22 Pending -- -- --
08/06/2022 08/06/22 For Sale $495,000 -- $134 / Sq Ft
Source: Hive MLS

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 $12,471 $339,967 $189,796 $150,171
2024 $12,471 $174,443 $19,192 $155,251
2023 $5,813 $169,403 $19,192 $150,211
2022 $324 $9,530 $8,490 $1,040
2021 $328 $9,530 $8,490 $1,040
2020 $317 $9,530 $8,490 $1,040
Source: Public Records

Map

Source: Hive MLS

MLS Number: 273752

Hive MLS

APN: S1070008A00

Georgia Effingham County Springfield 31329

402 E 3rd St, Springfield, GA

Not Listed for Sale

MultiFamily

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