NOT LISTED FOR SALE

502 E Jones St Savannah, GA 31401

Historic Savannah Neighborhood

Estimated Value: $477,000 - $730,000

1 Bed
1 Bath
651 Sq Ft
$944/Sq Ft Est. Value

Last Sold June 15, 2020

Last sale price $385,000 $591 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $3,668/month

53 Days on Market

Highlights

  • Laundry Room
  • Central Heating and Cooling System
  • 2-minute walk to Troup Square
  • Savannah Arts Academy Rated A+

About This Home

As of June 2020

Are you ready to own a turn key vacation rental in beautiful Savannah, Georgia? Here's your opportunity! This UNIQUE historic cottage was once a grocery store circa 1930, but is now a single family home (not a condo) with a coveted Jones Street address. The signature "corner store" doors greet you out front and inside every inch of the 650 square feet has been thoughtfully renovated. The interior is bright and cheerful with an attractive layout designed for the best use of space. An open kitchen and living area lead to a partitioned bedroom and full bathroom. Sliding doors allow you to step out into a lush private courtyard. Off the back of the home two utility rooms offer storage and a washer/dryer area. This home has it all, the Historic District location, an STVR/vacation rental license, proven rental history, and a turn key interior. This property typically brings in $40,000 + in gross rental income annually. Schedule your showing today!

Last Agent to Sell the Property

Pamela Peterson

Seabolt Real Estate License #352813 Listed on: 04/22/2020

Last Buyer's Agent

Justin Hart

Seabolt Real Estate License #344334

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,708

Year Built

  • Built in 1900

Lot Details

  • 871 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Frame Construction

Interior Spaces

  • 651 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2-0014-19-021

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,708

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Construction: Frame, Stucco Unknown
  • Current Zoning: RIP
  • Flood Insurance: Unknown
  • Legal Description: SOUTHWESTERN PT OF LOT 22 BARTOW WD SMB 16S 85
  • Legal Subdivision: Peter G Garwin & D O Thomas Jr
  • List Price Per Sq Ft: 606.76
  • Property Sub Type: Stick Built
  • Property Type: Residential
  • Year Built: 1900
  • Advertised Subdivision: Historic District
  • Special Features: None

Interior Features

  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 1
  • Laundry: Laundry Room
  • Total Sq Ft: 651

Garage/Parking

  • Parking Description: Street Parking

Utilities

  • Cooling Type: Central
  • Heating Type: Central
  • Num Cooling Units: 1
  • Num Heating Units: 1
  • Num Water Heaters: 1
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater Type: Electric

Lot Info

  • List Price Per Acre: 19750000.00
  • Lot Num: 22
  • Lot Size Sq Ft: 871
  • Num Acres: 0.0200
  • Parcel Number: 2-0014-19-021
  • Property Description: Historic Property Lot

Tax Info

  • Annual Tax: 3708

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2020
Closed on
Jul 10, 2020
Sold by
Motlagh Melinda N
Bought by
Taylor Berrien Llc
Seller's Agent
Pamela Peterson
Seabolt Real Estate
Buyer's Agent
Justin Hart
Seabolt Real Estate
List Price
$395,000
Sold Price
$385,000
Premium/Discount to List
-$10,000
-2.53%
Current Estimated Value
$614,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,273

Purchase Details

Listed on
Apr 22, 2020
Closed on
Jun 15, 2020
Sold by
Murray Thomas
Bought by
Motlagh Melinda N and Motlagh Gholamhossein D
Seller's Agent
Pamela Peterson
Seabolt Real Estate
Buyer's Agent
Justin Hart
Seabolt Real Estate
List Price
$395,000
Sold Price
$385,000
Premium/Discount to List
-$10,000
-2.53%

Purchase Details

Listed on
Feb 27, 2019
Closed on
Feb 27, 2019
Sold by
Roane Betty
Bought by
Murray Thomas and Murray Cindy
Seller's Agent
Pamela Peterson
Seabolt Real Estate
Buyer's Agent
Pamela Peterson
Seabolt Real Estate
List Price
$360,000
Sold Price
$360,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.30%
Original Mortgage
$200,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2010
Sold by
Candy June
Bought by
Roane Betty
Source: Public Records

Range of Values:

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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
Taylor Berrien Llc -- --
Motlagh Melinda N $385,000 --
Murray Thomas $360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murray Thomas $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2020 06/15/20 Sold $385,000 -2.5% $591 / Sq Ft
04/22/2020 04/22/20 For Sale $395,000 +9.7% $607 / Sq Ft
02/27/2019 02/27/19 Sold $360,000 0.0% $553 / Sq Ft
02/27/2019 02/27/19 Pending -- -- --
02/27/2019 02/27/19 For Sale $360,000 -- $553 / 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
2025 $5,091 $231,380 $63,000 $168,380
2024 $5,091 $236,720 $63,000 $173,720
2023 $6,601 $226,040 $48,000 $178,040
2022 $4,747 $194,120 $32,400 $161,720
2021 $7,187 $154,000 $17,360 $136,640
2020 $3,792 $120,080 $17,560 $102,520
2019 $5,335 $120,080 $17,560 $102,520
2018 $5,282 $117,440 $17,560 $99,880
2017 $3,586 $104,960 $17,560 $87,400
2016 $2,276 $78,000 $17,760 $60,240
Source: Public Records

Agents Affiliated with this Home

  • Pamela Peterson

    Seller's Agent in 2020

    Pamela Peterson

    Seabolt Real Estate

    (912) 401-2264

    17 in this area

    114 Total Sales

    Pamela Peterson
    Section Image
  • Justin Hart

    Buyer's Agent in 2020

    Justin Hart

    Seabolt Real Estate

    (323) 236-3715

    25 in this area

    92 Total Sales

    Justin Hart
    Section Image
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Map

Source: Savannah Multi-List Corporation

MLS Number: 222795

Savannah Multi-List Corporation

APN: 2001419021

Georgia Chatham County Savannah 31401 Historic Savannah

502 E Jones St, Savannah, GA

This home is located at 502 E Jones St, Savannah, GA 31401 since 22 April 2020 and is currently estimated at $614,273, approximately $943 per square foot. This property was built in 1900. 502 E Jones St is a home located in Chatham County with nearby schools including Spencer Elementary School, Hubert Middle School, and Savannah Arts Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Savannah Multi-List Corporation IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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