NOT LISTED FOR SALE

42 E Bay St Unit 4 Savannah, GA 31401

Historic Savannah Neighborhood

Estimated Value: $1,327,796

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. 56% increase in value since last sale

Current estimated payment $7,422/month

27 Days on Market

Highlights

  • No HOA
  • Balcony
  • Central Air
  • Savannah Arts Academy Rated A+
  • Views
  • 2-minute walk to Salzburger Park

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

Co-Listed By

Shane Litts

Engel & Volkers License #375076

Last Buyer's Agent

David Minkovitz

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

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1860

Lot Details

  • 436

Parking

  • On-Street Parking

Home Design

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heating Available
  • Underground Utilities
  • Cable TV Available

Additional Features

  • Balcony
  • City Lot
  • Property Views

Community Details

  • No Home Owners Association
  • 5-Story Property

Listing and Financial Details

  • Assessor Parcel Number 2-0004-10-012

Property Details

Home Type

Condominium

Year Built

Built in 1860

Lot Details

436 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Year Built: 1860
  • Property Sub Type: Condominium
  • Has View?: Yes
  • Appliances: Electric Water Heater, Refrigerator
  • Inclusions: Alarm-Smoke/Fire,Refrigerator
  • Original List Price: 995000.00
  • Architectural Style: Victorian
  • Living Area: 1750.00
  • Is New Construction?: No
  • Property Attached Yn: Yes
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour

Interior Features

  • Laundry Features: Other
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Stories: 5

Exterior Features

  • Exterior Features: Balcony
  • Roof: Composition
  • Road Frontage Type: Public Road
  • Water Body Name: Savannah River
  • Waterfront Features: River Access
  • Waterfront?: No
  • Patio And Porch Features: Balcony

Garage/Parking

  • Parking Features: On Street

Utilities

  • Utilities: Cable Available, Underground Utilities
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Has Cooling?: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer Provider: Public Sewer

Condo/Co-op/Association

  • Community Features: Street Lights, Sidewalks
  • Has H O A?: No
  • Common Walls: 1 Common Wall

Lot Info

  • Zoning: DW
  • Lot Features: City Lot
  • Lot Size Acres: 0.01
  • Lot Size Sq Ft: 436.00
  • Parcel#: 2-0004-10-012
  • Zoning Description: Mixed use

Tax Info

  • Tax Year: 2020

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%
Current Estimated Value
$1,327,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$477,796
Avg. Annual Appreciation
8.80%
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

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

Mortgage History

Date Status Borrower Loan Amount
Closed 42 E Bay Llc $637,500
Previous Owner Jg Preston Holdings Llc $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2020 12/04/20 Sold $850,000 -14.6% $486 / Sq Ft
11/04/2020 11/04/20 Pending -- -- --
10/08/2020 10/08/20 For Sale $995,000 -- $569 / 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 $6,151 $212,800 $70,000 $142,800
2024 $62 $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

  • S

    Seller Co-Listing Agent in 2020

    Shane Litts

    Engel & Volkers

See All Agents

Map

Source: Hive MLS

MLS Number: SA235835

Hive MLS

APN: 2000410012

Georgia Chatham County Savannah 31401 Historic Savannah

42 E Bay St Unit 4, Savannah, GA

Not Listed for Sale

Condos

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