NOT LISTED FOR SALE

506 E 40th St Savannah, GA 31401

Midtown Savannah Neighborhood

Estimated Value: $622,237 - $694,000

3 Beds
3 Baths
2,000 Sq Ft
$326/Sq Ft Est. Value

About This Home

This home is located at 506 E 40th St, Savannah, GA 31401 and is currently estimated at $652,309, approximately $326 per square foot. 506 E 40th St is a home located in Chatham County with nearby schools including Shuman Elementary School, Hubert Middle School, and Savannah Arts Academy.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2025
Sold by
Live Oak Living Llc
Bought by
Carroll Michael and Hinkel Lauren S
Current Estimated Value
$652,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Outstanding Balance
$39,595
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$612,714

Purchase Details

Closed on
Jul 6, 2021
Sold by
Bell Homes Llc
Bought by
Live Oak Living Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2021
Sold by
Palmer John Paul
Bought by
Bell Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 24, 2016
Sold by
Mcgee Richard E
Bought by
Palmer John Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2005
Sold by
Not Provided
Bought by
Mcgee Valtcheva and Mcgee Richard E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,250
Interest Rate
5.61%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

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First American

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Quantarium

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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
Carroll Michael $650,000 --
Live Oak Living Llc $250,000 --
Bell Homes Llc $200,000 --
Palmer John Paul $280,000 --
Mcgee Valtcheva $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carroll Michael $40,000
Previous Owner Bell Homes Llc $210,000
Previous Owner Palmer John Paul $224,000
Previous Owner Mcgee Valtcheva $223,250
Source: Public Records

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 $4,314 $232,800 $41,600 $191,200
2024 $22 $121,120 $41,600 $79,520
2023 $906 $125,720 $41,600 $84,120
2022 $1,991 $87,920 $28,000 $59,920
2021 $3,003 $64,600 $30,000 $34,600
2020 $1,613 $51,080 $30,000 $21,080
2019 $2,287 $51,080 $30,000 $21,080
2018 $4,528 $100,680 $30,000 $70,680
2017 $2,931 $103,760 $32,280 $71,480
2016 $1,636 $94,280 $32,280 $62,000
2015 $2,476 $89,480 $32,280 $57,200
2014 $3,211 $96,400 $0 $0
Source: Public Records

Map

Georgia Chatham County Savannah 31401 Midtown Savannah

506 E 40th St, Savannah, GA

Not Listed for Sale

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