716 E 40th St Savannah, GA 31401
Midtown Savannah NeighborhoodEstimated Value: $262,190 - $384,000
1
Bed
1
Bath
840
Sq Ft
$363/Sq Ft
Est. Value
Highlights
- A-Frame Home
- Living Room with Fireplace
- Open Patio
- Savannah Arts Academy Rated A+
- Courtyard
- 2-minute walk to Baldwin Park
About This Home
As of May 2017Drifting Cottage is a small cottage tucked into a very private location. Surrounded by pines, you will feel like you are in your own little getaway. Currently used as a MONTHLY vacation rental (fetches $1500/month). This is the perfect opportunity to own a little piece of Savannah and have it pay for itself. Also, the lot is zoned Multifamily and may offer opportunity for future development.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,240
Year Built
- Built in 1963
Lot Details
- 5,663 Sq Ft Lot
- Garden
Parking
- On-Street Parking
Home Design
- A-Frame Home
- Rustic Architecture
- Bungalow
- Concrete Foundation
- Composition Roof
- Block Exterior
Interior Spaces
- 840 Sq Ft Home
- 1.5-Story Property
- Living Room with Fireplace
Kitchen
- Oven or Range
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
- Primary Bedroom Upstairs
- 1 Full Bathroom
Laundry
- Laundry in Kitchen
- Dryer
Outdoor Features
- Courtyard
- Open Patio
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Exclusions: some furnishings
- Tenant pays for telephone
- Assessor Parcel Number 2-0063-28-020
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 5, 2016
Closed on
May 9, 2017
Sold by
Gallagher Ryan
Bought by
Elder Jerome I K
Seller's Agent
Laurie deVegter
Laurie deVegter Real Estate
Buyer's Agent
Whitney Butler
Seaport Real Estate Group
List Price
$150,000
Sold Price
$135,000
Premium/Discount to List
-$15,000
-10%
Total Days on Market
103
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
$169,548
Avg. Annual Appreciation
10.17%
Original Mortgage
$135,000
Outstanding Balance
$114,590
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$178,959
Purchase Details
Closed on
Jan 26, 2010
Sold by
Burns Terrence W
Bought by
Gallagher Ryan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,600
Interest Rate
5.16%
Mortgage Type
New Conventional
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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
Similar Homes in Savannah, GA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Elder Jerome I K | $135,000 | -- | |
| Gallagher Ryan | $77,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Elder Jerome I K | $12,790 | |
| Open | Elder Jerome I K | $135,000 | |
| Previous Owner | Gallagher Ryan | $61,600 | |
| Previous Owner | Burns Terrence | $44,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/08/2017 05/08/17 | Sold | $135,000 | -10.0% | $161 / Sq Ft |
| 03/18/2017 03/18/17 | Pending | -- | -- | -- |
| 12/05/2016 12/05/16 | For Sale | $150,000 | -- | $179 / Sq Ft |
Source: Savannah Multi-List Corporation
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 | $1,438 | $77,240 | $41,600 | $35,640 |
| 2023 | $485 | $82,240 | $41,600 | $40,640 |
| 2022 | $1,326 | $64,960 | $28,000 | $36,960 |
| 2021 | $1,962 | $50,880 | $20,000 | $30,880 |
| 2020 | $1,329 | $49,720 | $20,000 | $29,720 |
| 2019 | $1,957 | $49,720 | $20,000 | $29,720 |
| 2018 | $1,255 | $45,760 | $20,000 | $25,760 |
| 2017 | $1,377 | $46,960 | $21,080 | $25,880 |
| 2016 | $1,288 | $44,160 | $21,080 | $23,080 |
| 2015 | $1,770 | $42,440 | $21,080 | $21,360 |
| 2014 | $2,439 | $43,960 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Laurie deVegter
Seller's Agent in 2017
Laurie deVegter
Laurie deVegter Real Estate
1 in this area
14 Total Sales
-
Whitney Butler
Buyer's Agent in 2017
Whitney Butler
Seaport Real Estate Group
(912) 222-4411
109 Total Sales
Map
Source: Savannah Multi-List Corporation
MLS Number: 165188
APN: 2006328020
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