NOT LISTED FOR SALE

505 5th St Tybee Island, GA 31328

Estimated Value: $1,149,733 - $1,417,000

3 Beds
4 Baths
3,164 Sq Ft
$386/Sq Ft Est. Value

Last Sold November 20, 2023

Last sale price $1,140,000 $360 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,787/month

Highlights

  • Community Beach Access
  • Spa
  • Fireplace in Kitchen
  • Howard Elementary School Rated A-
  • Primary Bedroom Suite
  • 5-minute walk to Tybee Island Memorial Park

About This Home

As of November 2023

This exceptional Tybee Island home was custom designed to optimize privacy and views. The main level features a greatroom with soaring ceiling and large kitchen/ dining area with banks of cabinetry, quarts counter tops, high end appliances, walk through pantry and a pass through fireplace between the dining area and greatroom. 2 bedrooms on the main level are connected by a Jack and Jill bathroom with privacy for each. Up one level is the Owners suite offering incredible views and solitude. The owners bath has 2 vanities, a soak tub and separate shower. The custom closet area has a large built in bureau and walk in closet. Down the hall is the large office/ exercise room plus library with fireplace that opens to the greatroom below. Both the main and top level have covered porches. Up one more flight of stairs is the private roof top deck with hot tub. The ground level features a rec room off the deck with built in seating and surrounded by live oaks and a 2 car garage.

Last Agent to Sell the Property

Libby Bacon

Keller Williams Coastal Area P License #267763 Listed on: 10/24/2023

Keller Williams Coastal Area P

Last Buyer's Agent

Meghan Littlefield

Seabolt Real Estate License #416792

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,293

Year Built

  • Built in 2004

Lot Details

  • 7,841 Sq Ft Lot
  • Property fronts a marsh
  • Sprinkler System
  • Tidal Wetland on Lot

Home Design

  • Contemporary Architecture
  • Concrete Foundation
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 3,164 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Cathedral Ceiling
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • Living Room with Fireplace
  • 2 Fireplaces

Kitchen

  • Breakfast Bar
  • Butlers Pantry
  • Oven or Range
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • Primary Bedroom Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Garden Bath

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Off-Street Parking

Outdoor Features

  • Spa
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Fire Pit

Schools

  • Tima/ Mayhoward Elementary School
  • Tima/ Coastal Middle School
  • Island High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Propane
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Community Beach Access
  • Tennis Courts
  • Community Playground

Listing and Financial Details

  • Assessor Parcel Number 4000427002

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,293

Year Built

Built in 2004

Lot Details

0

Listing Details

  • GarageYN: Yes
  • Construction: Frame
  • Current Zoning: R2
  • Flood Insurance: Unknown
  • Inclusions: Alarm-Smoke/Fire, Ceiling Fans, Dryer, Gas Logs, Refrigerator, Satellite Dish, Security System, Washer
  • Legal Description: LOT 1 RECOMBINATION OF LOTS
  • Legal Subdivision: Tybee Island Ward 2
  • List Price Per Sq Ft: 379.27
  • Property Sub Type: Stick Built
  • Property Type: Residential
  • Recreation Facilities: Playground, Tennis Courts
  • Road Surface: Gravel
  • Style: Contemporary
  • Year Built: 2004
  • Short Term Vacation Rental Certi: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Fireplace, Gas, Hood Fan, Microwave, Range, Range/Oven, Refrigerator, W/D Connection, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bathrooms: 4.00
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplace Location: Kitchen, Living Room
  • Interior: Bookcases Built-In, Cathedral Ceiling, Ceiling; Vaulted, Ceilings; 9' Plus, Foyer; Entrance, Recessed Lights, Skylight
  • Kitchen / Breakfast: Breakfast Bar, Butler Pantry, Pantry
  • Primary Bathroom Features: Double Vanities, Garden Tub
  • Master Bedroom Description: Master Suite, Master Up
  • Fireplaces: 2
  • Total Sq Ft: 3164

Exterior Features

  • Other Structures: Shed
  • Exterior House: Balcony, Deck, Fire Pit, Patio-Covered, Patio-Uncovered, Porch
  • Foundation: Concrete
  • Pool Hot Tub Description: Hot Tub
  • Roof: Metal/Steel
  • Water Frontage Type: Marsh Front
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 2
  • Num Parking Pad: 4
  • Parking Description: Attached, Auto Garage Door, Off Street

Utilities

  • Cable: Cable Ready
  • Cooling Type: Central, Heat Pump
  • Gas: Private Lp Tank
  • Heating Type: Central, Forced Air, Heat Pump
  • Num Cooling Units: 4
  • Num Heating Units: 4
  • Num Water Heaters: 1
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater Type: Electric

Condo/Co-op/Association

  • Community: Beach Access, Walk To School, Walk To Shopping

Schools

  • Elementary School: TIMA/ MayHoward
  • Middle School: TIMA/ Coastal
  • High School: Island

Lot Info

  • Exterior Lot: Sprinkler System
  • List Price Per Acre: 6666666.67
  • Lot Num: 1
  • Lot Size Sq Ft: 7841
  • Lot View: Creek, Marsh, Tidal Creek
  • Num Acres: 0.1800
  • Parcel Number: 4000427002
  • Property Description: Full Size Lot

Tax Info

  • Annual Tax: 7293

MLS Schools

  • Elementary School: TIMA/ MayHoward
  • HighSchool: Island
  • Middle School: TIMA/ Coastal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2023
Closed on
Nov 20, 2023
Sold by
Pulk James M
Bought by
Farrar Amity H and Farrar Derik J
Seller's Agent
Libby Bacon
Keller Williams Coastal Area P
Buyer's Agent
Meghan Littlefield
Seabolt Real Estate
List Price
$1,200,000
Sold Price
$1,140,000
Premium/Discount to List
-$60,000
-5%
Views
5
Current Estimated Value
$1,219,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,933
Avg. Annual Appreciation
3.65%
Original Mortgage
$912,000
Outstanding Balance
$896,482
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$323,451

Purchase Details

Listed on
Oct 19, 2021
Closed on
Dec 10, 2021
Sold by
Oneill Timothy J
Bought by
Pulk James M and Pulk Julie L
Seller's Agent
Sandy McCloud
Century 21 Results
Buyer's Agent
Libby Bacon
Keller Williams Coastal Area P
List Price
$1,250,000
Sold Price
$1,055,000
Premium/Discount to List
-$195,000
-15.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.05%

Purchase Details

Closed on
Mar 11, 2021
Sold by
Oneill Timothy J
Bought by
Sorellas Future Llc
Source: Public Records

Range of Values:

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Average Value
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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
Farrar Amity H $1,140,000 --
Pulk James M $1,055,000 --
Sorellas Future Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farrar Amity H $912,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2023 11/20/23 Sold $1,140,000 -5.0% $360 / Sq Ft
10/24/2023 10/24/23 For Sale $1,200,000 +13.7% $379 / Sq Ft
12/10/2021 12/10/21 Sold $1,055,000 -15.6% $338 / Sq Ft View Prior Sale
10/20/2021 10/20/21 For Sale $1,250,000 +133.6% $400 / Sq Ft
04/10/2013 04/10/13 Sold $535,000 -2.7% $171 / Sq Ft View Prior Sale
03/11/2013 03/11/13 Pending -- -- --
01/28/2013 01/28/13 For Sale $549,900 -- $176 / 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 $15,823 $458,560 $144,000 $314,560
2024 $15,823 $456,000 $144,000 $312,000
2023 $19,020 $408,440 $108,000 $300,440
2022 $7,293 $378,800 $108,000 $270,800
2021 $7,233 $298,920 $86,400 $212,520
2020 $7,311 $292,600 $86,400 $206,200
2019 $7,311 $317,920 $86,400 $231,520
2018 $6,569 $304,760 $86,400 $218,360
2017 $6,569 $251,680 $107,720 $143,960
2016 $6,569 $249,520 $107,720 $141,800
2015 $6,471 $215,900 $81,600 $134,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Savannah Multi-List Corporation

MLS Number: 298657

Savannah Multi-List Corporation

APN: 4000427002