NOT LISTED FOR SALE

409 E 38th St Savannah, GA 31401

Thomas Square Neighborhood

Estimated Value: $310,000 - $404,000

4 Beds
2 Baths
1,448 Sq Ft
$240/Sq Ft Est. Value

Last Sold December 21, 2020

Last sale price $205,000 $142 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $2,070/month

58 Days on Market

About This Home

As of December 2020

Amazing investment and income-producing opportunity in a prime Savannah location! This duplex is within close proximity to one of downtown Savannah’s most rapidly growing areas, The Starland District. The property features 2 units each with 2 bedrooms and 1 bath allowing you to live in one and rent out the other or rent out both units for an even greater income potential. The curb appeal of the expansive front porch and the original terra-cotta tiles are just the beginning of the original character and charm of this classic bungalow style, two apartment, property. Both units have great rental history.

Last Agent to Sell the Property

Steffany Farmer

Better Homes and Gardens Real License #168178 Listed on: 09/24/2020

Better Homes and Gardens Real

Last Buyer's Agent

Chelsea Phillips

Six Bricks LLC License #349197

Property Details

Home Type

Multi-Family

Year Built

1923

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1923
  • Property Sub Type: Duplex
  • Appliances: Dryer, Electric Water Heater, Oven, Range, Refrigerator, Washer
  • Original List Price: 215000.00
  • Architectural Style: Traditional
  • Living Area: 1448.00
  • Property Attached Yn: No
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour

Interior Features

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 1

Exterior Features

  • Roof: Metal
  • Road Frontage Type: Public Road
  • Road Surface Type: Asphalt
  • Waterfront?: No
  • Foundation Details: Raised

Garage/Parking

  • Parking Features: Off Street, On Street

Utilities

  • Utilities: Underground Utilities
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Has Cooling?: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer Provider: Public Sewer

Condo/Co-op/Association

  • Alternate Association Name: BHGRE Legacy
  • Has H O A?: No

Lot Info

  • Lot Features: City Lot, Interior Lot, Irregular Lot
  • Lot Size Acres: 0.1
  • Lot Size: 43 X 100
  • Lot Size Sq Ft: 4356.00
  • Parcel#: 2-0064-42-003

Rental Info

  • Tenant Pays: Electricity, Grounds Care, Trash Collection, Telephone, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2020
Closed on
Dec 21, 2020
Sold by
Stinogel Sharon E
Bought by
Berrebbi Richard
Seller's Agent
Steffany Farmer
Better Homes and Gardens Real
Buyer's Agent
Chelsea Phillips
Six Bricks LLC
List Price
$215,000
Sold Price
$205,000
Premium/Discount to List
-$10,000
-4.65%
Current Estimated Value
$347,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,927
Avg. Annual Appreciation
10.75%
Original Mortgage
$153,300
Outstanding Balance
$136,483
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$211,444

Purchase Details

Closed on
Apr 9, 2007
Sold by
Not Provided
Bought by
Carr Stinogel and Carr Sharon E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.1%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Berrebbi Richard $205,000 --
Carr Stinogel $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Berrebbi Richard $153,300
Previous Owner Carr Stinogel $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2020 12/21/20 Sold $205,000 -4.7% $142 / Sq Ft
11/21/2020 11/21/20 Pending -- -- --
09/24/2020 09/24/20 For Sale $215,000 -- $148 / Sq Ft
Source: Hive MLS

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 $3,325 $115,040 $50,000 $65,040
2024 $25 $115,040 $50,000 $65,040
2023 $1,040 $115,040 $50,000 $65,040
2022 $2,129 $85,240 $32,000 $53,240
2021 $2,987 $69,080 $26,000 $43,080
2020 $1,814 $68,840 $26,000 $42,840
2019 $2,552 $57,440 $26,000 $31,440
2018 $2,565 $57,040 $26,000 $31,040
2017 $1,962 $46,880 $15,400 $31,480
2016 $1,377 $47,200 $15,400 $31,800
2015 $2,005 $48,080 $15,400 $32,680
2014 $2,449 $46,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steffany Farmer

    Seller's Agent in 2020

    Steffany Farmer

    Better Homes and Gardens Real

    (912) 484-5552

    363 Total Sales

    Steffany Farmer
    Section Image
  • Chelsea Phillips

    Buyer's Agent in 2020

    Chelsea Phillips

    Six Bricks LLC

    (912) 332-0465

    9 in this area

    429 Total Sales

    Chelsea Phillips
    Section Image
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Map

Source: Hive MLS

MLS Number: SA233832

Hive MLS

APN: 2006442003

Georgia Chatham County Savannah 31401 Thomas Square

409 E 38th St, Savannah, GA

Not Listed for Sale

MultiFamily

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