NOT LISTED FOR SALE

Estimated Value: $949,000 - $1,454,000

3 Beds
3 Baths
1,430 Sq Ft
$870/Sq Ft Est. Value

Last Sold April 12, 2023

Last sale price $1,016,000 $710 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $7,784/month

20 Days on Market

Highlights

  • Beach
  • Deck
  • Community Pool
  • St. Simons Elementary School Rated A-
  • Wood Flooring
  • Community Gazebo

About This Home

As of April 2023

Magnolia Cottage of the Coast Cottage subdivision offers a great opportunity to purchase a turn-key home. Fully furnished and ready for you to move in or use as a rental property. Just steps to the best beaches on St. Simons. Coast Cottages is one of the cutest neighborhoods with colorful beach cottages lining brick paved streets that lead down to a neighborhood pavilion with two pools and beach boardwalk. Magnolia Cottage offers double front porches to enjoy coastal breezes. The first level offers 2 bedrooms and 2 full baths, laundry, a porch and an outdoor shower. The second level offers the master suite, living room, dining room and kitchen combination with a balcony. Family and friends will surely enjoy having their morning coffee or afternoon cocktail on either porch!

Last Agent to Sell the Property

Victor Long

Banker Real Estate License #358373 Listed on: 03/03/2023

Last Buyer's Agent

Carla Jernigan

Signature Properties Group Inc. License #325659

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,274

Year Built

  • Built in 1998

Lot Details

  • 2,875 Sq Ft Lot
  • Landscaped

HOA Fees

  • $333 Monthly HOA Fees

Parking

  • 2 Parking Spaces

Interior Spaces

  • 1,430 Sq Ft Home
  • 2-Story Property
  • Breakfast Bar
  • Laundry in Hall

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Deck
  • Front Porch

Listing and Financial Details

  • Assessor Parcel Number 04-09691

Community Details

Overview

  • Association fees include management, recreation facilities, reserve fund
  • Coast Cottages Subdivision

Amenities

  • Community Gazebo

Recreation

  • Beach
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,274

Year Built

Built in 1998

Lot Details

0

HOA Fees

$333 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.07
  • Lot Size: ,,,
  • Subdivision Name: Coast Cottages
  • Directions: Turn onto Clover Marsh Lane from Ocean Boulevard. Magnolia Cottage is the second cottage on the right.
  • Architectural Style: Cottage
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1998
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Hardwood, Tile
  • Interior Amenities: Breakfast Bar, Pantry
  • Living Area: 1430.0
  • Stories: 2

Exterior Features

  • Lot Features: Landscaped
  • Pool Features: Association
  • Waterfront Features: Beach Access
  • Disclosures: Covenants/Restrictions Disclosure
  • Exterior Features: Porch
  • Patio And Porch Features: Deck, Front Porch, Porch

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Laundry Features: In Hall

Condo/Co-op/Association

  • Community Features: Beach
  • Amenities: Beach Rights, Gazebo, Pool
  • Association Fee: 4000.0
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Recreation Facilities, Reserve Fund

Lot Info

  • Lot Size Sq Ft: 2875.0
  • Parcel #: 04-09691
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6274.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2023
Closed on
Apr 12, 2023
Sold by
47 Clover Marsh Llc
Bought by
Tin Roof Property Llc
Seller's Agent
Victor Long
Banker Real Estate
Buyer's Agent
Carla Jernigan
Signature Properties Group Inc.
List Price
$995,000
Sold Price
$1,016,000
Premium/Discount to List
$21,000
2.11%
Total Days on Market
20
Views
117
Current Estimated Value
$1,244,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,195
Avg. Annual Appreciation
9.79%

Purchase Details

Listed on
Oct 8, 2020
Closed on
Jan 8, 2021
Sold by
Young Joseph S
Bought by
47 Clover Marsh Llc
Seller's Agent
Victor Long
Banker Real Estate
Buyer's Agent
Victor Long
Banker Real Estate
List Price
$725,000
Sold Price
$698,500
Premium/Discount to List
-$26,500
-3.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.03%
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
Tin Roof Property Llc $1,016,000 --
47 Clover Marsh Llc -- --
Young Jospeh S $698,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reichenau Benton D $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2023 04/12/23 Sold $1,016,000 +2.1% $710 / Sq Ft
03/23/2023 03/23/23 Pending -- -- --
03/03/2023 03/03/23 For Sale $995,000 +42.4% $696 / Sq Ft
01/08/2021 01/08/21 Sold $698,500 -3.7% $488 / Sq Ft
12/09/2020 12/09/20 Pending -- -- --
10/08/2020 10/08/20 For Sale $725,000 -- $507 / 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
2024 $10,192 $406,400 $200,000 $206,400
2023 $7,877 $315,440 $92,400 $223,040
2022 $6,573 $257,120 $92,400 $164,720
2021 $6,216 $235,520 $92,400 $143,120
2020 $6,274 $235,520 $92,400 $143,120
2019 $6,274 $235,520 $92,400 $143,120
2018 $6,274 $235,520 $92,400 $143,120
2017 $6,274 $235,520 $92,400 $143,120
2016 $5,349 $217,680 $92,400 $125,280
2015 $4,595 $185,480 $92,400 $93,080
2014 $4,595 $185,480 $92,400 $93,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Golden Isles Association of REALTORS®

MLS Number: 1638701

Golden Isles Association of REALTORS®

APN: 04-09691