NOT LISTED FOR SALE

42 E Bay St Unit 4 Savannah, GA 31401

Historic Savannah Neighborhood

Estimated Value: $1,370,399

1 Bed
1 Bath
1,750 Sq Ft
436 Sq Ft Lot

Last Sold December 04, 2020

Last sale price $850,000 $486 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $8,169/month

57 Days on Market

Highlights

  • River Front
  • Stream or River on Lot
  • Balcony
  • Savannah Arts Academy Rated A+
  • Victorian Architecture
  • Central Heating and Cooling System

About This Home

As of December 2020

Excellent space with River Street View for commercial retail, vacation rental, professional office or
elegant personal residence. Own your piece of Historic River & Bay Street! This amazing condo is not
only majestic but chic! The grand picturesque entrance has large doors and Victorian arched-half round
windows which flood the space with natural light. The 1,750 sf has been meticulously restored to it’s 1860 Victorian glory, complete with original hardwood floors, exposed brick, soaring gold leaf ceilings, intricate trim and fixtures throughout. Entrance is gained on Bay Street, and leads into a large parlor, beyond the parlor and down the grand hall, leads to the kitchen and adjacent living area, where you can enjoy 180 degree views of the famous River Street from your windows, or private balcony. The kitchen is grand and classic and fit for any chef, custom hardwood cabinets, high end appliances, a large island. Owner Financing Available. Also can be leased for $45/SF NNN.

Last Agent to Sell the Property

David Minkovitz

BHHS Bay Street Realty Group License #149633 Listed on: 10/08/2020

BHHS Bay Street Realty Group

Co-Listed By

Shane Litts

BHHS Bay Street Realty Group License #375076

Last Buyer's Agent

David Minkovitz

BHHS Bay Street Realty Group License #149633 Listed on: 10/08/2020

BHHS Bay Street Realty Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,151

Year Built

  • Built in 1860

Lot Details

  • River Front
  • 1 Common Wall

Parking

  • On-Street Parking

Home Design

  • 1,750 Sq Ft Home
  • Victorian Architecture
  • Brick Exterior Construction
  • Composition Roof

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Stream or River on Lot
  • Balcony

Location

  • City Lot

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Electric Water Heater
  • Cable TV Available

Community Details

  • 5-Story Property

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 2-0004-10-012

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,151

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Annual Flood Insurance: 8431
  • Construction: Brick
  • Current Zoning: DW
  • Home Warranty: Negotiable
  • Inclusions: Alarm-Smoke/Fire, Refrigerator
  • Legal Description: Book 355K Page 649
  • Legal Subdivision: Crockett Bldg
  • List Price Per Sq Ft: 568.57
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Style: Victorian
  • Year Built: 1860
  • Zoning Description: Mixed Use
  • Special Features: None

Interior Features

  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 1
  • Common Walls: 1 Commonwalls
  • Total Sq Ft: 1750

Exterior Features

  • Exterior House: Balcony
  • Nameof Waterway: Savannah River
  • Roof: Composition
  • Structure: Restored
  • Water Frontage Type: River

Garage/Parking

  • Parking Description: Street Parking

Utilities

  • Cable: Cable Access
  • Cooling Type: Central
  • Electric: 220 Volt
  • Heating Type: Central
  • Num Cooling Units: 1
  • Num Heating Units: 1
  • Num Water Heaters: 1
  • Sewer: Public Sewer
  • Trash Collection: Yes
  • Underground Utilities: Yes
  • Water: Public Water
  • Water Heater Type: Electric

Condo/Co-op/Association

  • Community: Sidewalks, Street Lights

Lot Info

  • List Price Per Acre: 99500000.00
  • Lot Description: City
  • Lot Size Sq Ft: 436
  • Lot View: River
  • Num Acres: 0.0100
  • Parcel Number: 2-0004-10-012
  • Property Attached: Yes
  • Property Description: Condominium Conversion

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2020
Closed on
Dec 4, 2020
Sold by
Jg Preston Holdings Llc
Bought by
42 E Bay Llc
Seller's Agent
David Minkovitz
BHHS Bay Street Realty Group
Buyer's Agent
David Minkovitz
BHHS Bay Street Realty Group
List Price
$995,000
Sold Price
$850,000
Premium/Discount to List
-$145,000
-14.57%
Total Days on Market
57
Current Estimated Value
$1,370,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$520,399
Avg. Annual Appreciation
11.03%
Original Mortgage
$637,500
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 21, 2009
Sold by
Paige Allen Proeprties Llc
Bought by
Jg Preston Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 14, 2008
Sold by
Not Provided
Bought by
Jg Preston Holdings Llc and Saleconv
Source: Public Records

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Range of Values:

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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
42 E Bay Llc $850,000 --
Jg Preston Holdings Llc -- --
Jg Preston Holdings Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 42 E Bay Llc $1,081,850
Closed 42 E Bay Llc $637,500
Previous Owner Jg Preston Holdings Llc $132,597
Previous Owner Jg Preston Holdings Llc $1,000,000
Previous Owner J G Preston Holdings Llc $520,000
Previous Owner Taylor Leon $792,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2020 12/04/20 Sold $850,000 -14.6% $486 / Sq Ft
10/08/2020 10/08/20 For Sale $995,000 -- $569 / 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
2024 $6,151 $212,800 $70,000 $142,800
2023 $6,215 $212,800 $70,000 $142,800
2022 $5,850 $212,800 $70,000 $142,800
2021 $8,195 $189,760 $70,000 $119,760
2020 $5,992 $189,760 $70,000 $119,760
2019 $2,996 $189,760 $70,000 $119,760
2018 $5,991 $189,760 $70,000 $119,760
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    David Minkovitz

    BHHS Bay Street Realty Group

    9 in this area

    18 Total Sales

    David Minkovitz
    Section Image
  • Shane Litts

    Seller Co-Listing Agent in 2020

    Shane Litts

    BHHS Bay Street Realty Group

    (912) 659-0464

    17 in this area

    45 Total Sales

    Shane Litts
    Section Image
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Map

Source: Savannah Multi-List Corporation

MLS Number: 235835

Savannah Multi-List Corporation

APN: 2000410012

Georgia Chatham County Savannah 31401 Historic Savannah

42 E Bay St Unit 4, Savannah, GA

This home is located at 42 E Bay St Unit 4, Savannah, GA 31401 since 08 October 2020 and is currently estimated at $1,370,399, approximately $783 per square foot. This property was built in 1860. 42 E Bay St Unit 4 is a home located in Chatham County with nearby schools including Spencer Elementary School, Hubert Middle School, and Savannah Arts Academy.

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