Seller's Agent in 2020
Rance Braswell
Commonwealth Realty, Inc.
(912) 266-1504
2 in this area
16 Total Sales
511 Demere Rd Unit 511-513 Saint Simons Island, GA 31522
Estimated Value: $1,071,966
6
Beds
2
Baths
2,236
Sq Ft
$479/Sq Ft
Est. Value
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 2020This 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
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
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%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$526,966
Avg. Annual Appreciation
11.37%
Original Mortgage
$555,000
Outstanding Balance
$485,889
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$459,969
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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
Map
Source: Golden Isles Association of REALTORS®
MLS Number: 1615692
APN: 04-04606
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.
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