NOT LISTED FOR SALE

523 E Gwinnett St Unit A Savannah, GA 31401

Historic Savannah Neighborhood

Estimated Value: $524,000 - $539,672

2 Beds
1.5 Baths
1,056 Sq Ft
$185/mo HOA Fee

Last Sold May 02, 2024

Last sale price $515,000 $488 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,779/month

28 Days on Market

Highlights

  • Traditional Architecture
  • Cooling Available
  • Wood Siding
  • Savannah Arts Academy Rated A+
  • Central Heating

About This Home

As of May 2024

Located in beautiful Savannah's historic district this short-term vacation rental has a non-owner STVR certificate in place. Sold turn-key furnished and the seller is offering a free year of rental management. This charming historic first floor condo was built in 1893 and beautifully updated with high ceilings-original architectural details remaining. It sleeps 5 with 2 bedrooms and 1.5 baths with a full kitchen, dining area, and a lovely deck overlooking the pool. Good rental occupancy. Located close to parks, restaurants, shopping. The STVR grossed 51,000 for each of the last two years and netted 30,000.

Last Agent to Sell the Property

Carl Knudsen

Make Your Move Realty Inc License #265896 Listed on: 03/16/2024

Make Your Move Realty Inc

Last Buyer's Agent

Nicole Johnson

Seabolt Real Estate License #384499

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,232

Year Built

  • Built in 1893

Lot Details

  • 436

HOA Fees

  • $185 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Wood Siding

Interior Spaces

  • 1,056 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Cooling Available
  • Central Heating
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2004306049

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,232

Year Built

Built in 1893

Lot Details

0

HOA Fees

$185 per month

Listing Details

  • GarageYN: No
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Year Built: 1893
  • ResoLaundryFeatures: Other
  • Ownership: Investor
  • ResoSpecialListingConditions: Standard
  • Architectural Style: Traditional
  • Property Attached Yn: Yes
  • Tax Year: 2023
  • Master Plan Zoning: R1
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Waterfront: No
  • Acres: 0.01
  • Disclosures: Licensed Vacation Rental
  • Construction Type: Wood Siding

Utilities

  • Sewer: Public Sewer
  • Cooling: Electric, Heat Pump
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 185.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Lot Size Area: 0.01
  • Lot Size Sq Ft: 436.0
  • Parcel Number: 2004306049
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7232.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2024
Closed on
May 2, 2024
Sold by
Krompak Bobbi L
Bought by
Marshgrass Rentals Llc
Seller's Agent
Carl Knudsen
Make Your Move Realty Inc
Buyer's Agent
Nicole Johnson
Seabolt Real Estate
List Price
$550,000
Sold Price
$515,000
Premium/Discount to List
-$35,000
-6.36%
Total Days on Market
28
Views
99
Current Estimated Value
$534,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,418
Avg. Annual Appreciation
3.49%
Original Mortgage
$386,250
Outstanding Balance
$382,537
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$151,881

Purchase Details

Closed on
Sep 24, 2008
Sold by
Not Provided
Bought by
P Sick and Mina P
Source: Public Records

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Range of Values:

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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
Marshgrass Rentals Llc -- --
Krompak Bobbi L $515,000 --
P Sick $181,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krompak Bobbi L $386,250
Previous Owner Bradley David B $192,500
Previous Owner Sick Gary P $133,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2024 05/02/24 Sold $515,000 -5.5% $488 / Sq Ft
04/13/2024 04/13/24 Pending -- -- --
03/28/2024 03/28/24 Price Changed $545,000 -0.9% $516 / Sq Ft
03/16/2024 03/16/24 For Sale $550,000 -- $521 / 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
2024 $7,127 $209,120 $42,240 $166,880
2023 $7,232 $172,080 $8,440 $163,640
2022 $4,533 $151,080 $8,440 $142,640
2021 $4,441 $147,040 $8,440 $138,600
2020 $3,817 $134,160 $8,440 $125,720
2019 $5,371 $120,880 $8,440 $112,440
2018 $2,837 $89,840 $8,440 $81,400
Source: Public Records

Agents Affiliated with this Home

  • Carl Knudsen

    Seller's Agent in 2024

    Carl Knudsen

    Make Your Move Realty Inc

    (912) 224-5956

    10 in this area

    71 Total Sales

    Carl Knudsen
    Section Image
  • Nicole Johnson

    Buyer's Agent in 2024

    Nicole Johnson

    Seabolt Real Estate

    (912) 398-3838

    11 in this area

    178 Total Sales

    Nicole Johnson
    Section Image
See All Agents

Map

Source: Savannah Multi-List Corporation

MLS Number: 307702

Savannah Multi-List Corporation

APN: 2004306049

Georgia Chatham County Savannah 31401 Historic Savannah

523 E Gwinnett St Unit A, Savannah, GA

This home is located at 523 E Gwinnett St Unit A, Savannah, GA 31401 since 16 March 2024 and is currently estimated at $534,418, approximately $506 per square foot. This property was built in 1893. 523 E Gwinnett St Unit A is a home located in Chatham County with nearby schools including Spencer Elementary School, Hubert Middle School, and Savannah Arts Academy.

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