NOT LISTED FOR SALE

511 Demere Rd Unit 511-513 Saint Simons Island, GA 31522

Saint Simons Neighborhood

Estimated Value: $845,000 - $1,189,000

6 Beds
2 Baths
2,236 Sq Ft
$438/Sq Ft Est. Value

Last Sold August 06, 2020

Last sale price $545,000 $244 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $5,764/month

153 Days on Market

Highlights

  • Wood Flooring
  • Breakfast Area or Nook
  • Property is near schools
  • St. Simons Elementary School Rated A-
  • Cooling Available
  • Ceiling Fan

About This Home

As of August 2020

This property is a duplex at the village on St. Simons Island, in good condition with income of approx. $30,000 per year. It's location with the beach just down the street, provides an investment opportunity for both income and property appreciation.

Last Agent to Sell the Property

Rance Braswell

Commonwealth Realty, Inc. License #100759 Listed on: 02/04/2020

Last Buyer's Agent

Rance Braswell

Commonwealth Realty, Inc. License #100759 Listed on: 02/04/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,756

Year Built

  • Built in 1940

Lot Details

  • 8,712

Home Design

  • Duplex
  • Fire Rated Drywall
  • Concrete Siding

Interior Spaces

  • 2,236 Sq Ft Home
  • Ceiling Fan
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Oven
  • Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Cooling Available
  • Heat Pump System
  • 220 Volts
  • 110 Volts
  • Cable TV Available

Additional Features

  • 8,712 Sq Ft Lot
  • Property is near schools

Listing and Financial Details

  • Tenant pays for cable TV, electricity, telephone
  • Assessor Parcel Number 04-04606

Community Details

Overview

  • Demere Oaks Subdivision

Recreation

  • Trails

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,756

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.2
  • Lot Size: ,,,
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt, Paved
  • Inclusions: Dryer,Refrigerator,Washer
  • Subdivision Name: Demere Oaks
  • Directions: Heading East on Ocean Blvd. turn left onto Demere Rd., then go 1 1/2 blocks......property on the left.
  • Architectural Style: Cottage
  • New Construction: No
  • Structure Type: Duplex
  • Year Built: 1940
  • Property Sub Type Additional: Multi Family
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Oven, Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Flooring: Hardwood, Tile
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Cable TV
  • Living Area: 2236.0

Exterior Features

  • Lot Features: City Lot
  • View: Residential
  • Disclosures: Covenants/Restrictions Disclosure
  • Home Warranty: No
  • Construction Type: Concrete, Drywall
  • Roof: Asbestos Shingle

Garage/Parking

  • Parking Features: Driveway
  • Total Parking Spaces: 2.0

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Electric, Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Electric: 110 Volts, Circuit Breakers, 220 Volts
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights, Sidewalks, Trails/Paths, Walk to School

Lot Info

  • Parcel #: 04-04606
  • Zoning Description: Res Multi
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other
  • Tenant Pays: Cable TV, Electricity, Telephone

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2020
Closed on
Aug 6, 2020
Sold by
First Baptist Church St Simons Isl Ga In
Bought by
Cochran Richard M and Cochran Kellie
Seller's Agent
Rance Braswell
Commonwealth Realty, Inc.
Buyer's Agent
Rance Braswell
Commonwealth Realty, Inc.
List Price
$595,000
Sold Price
$545,000
Premium/Discount to List
-$50,000
-8.4%
Total Days on Market
153
Current Estimated Value
$980,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$435,009
Avg. Annual Appreciation
12.04%
Original Mortgage
$555,000
Outstanding Balance
$485,889
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$459,969
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
Cochran Richard M $545,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cochran Richard M $555,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2020 08/06/20 Sold $545,000 -8.4% $244 / Sq Ft
07/07/2020 07/07/20 Pending -- -- --
02/04/2020 02/04/20 For Sale $595,000 -- $266 / 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 $6,756 $269,400 $161,640 $107,760
2023 $6,745 $269,400 $161,600 $107,800
2022 $5,529 $215,480 $161,600 $53,880
2021 $5,678 $214,720 $161,600 $53,120
2020 $125 $164,360 $94,280 $70,080
2019 $125 $164,360 $94,280 $70,080
2018 $125 $164,360 $94,280 $70,080
2017 $125 $139,200 $80,800 $58,400
2016 $125 $127,520 $80,800 $46,720
2015 $125 $127,520 $80,800 $46,720
2014 $125 $127,520 $80,800 $46,720
Source: Public Records

Agents Affiliated with this Home

  • Rance Braswell

    Seller's Agent in 2020

    Rance Braswell

    Commonwealth Realty, Inc.

    (912) 266-1504

    2 in this area

    16 Total Sales

    Rance Braswell
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Map

Source: Golden Isles Association of REALTORS®

MLS Number: 1615692

Golden Isles Association of REALTORS®

APN: 04-04606

Georgia Glynn County Saint Simons Island 31522 Saint Simons

511 Demere Rd Unit 511-513, Saint Simons Island, GA

This home is located at 511 Demere Rd Unit 511-513, Saint Simons Island, GA 31522 since 04 February 2020 and is currently estimated at $980,009, approximately $438 per square foot. This property was built in 1940. 511 Demere Rd Unit 511-513 is a home located in Glynn County with nearby schools including St. Simons Elementary School, Glynn Middle School, and Glynn 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.

Golden Isles Association of REALTORS® 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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