$520,000
SOLD NOV 15, 2019
7 Beds
5 Baths
5,188 Sq Ft
6,795 Sq Ft Lot

Recently Sold

$100 Per Sq Ft

13% Below List Price

282 Days on Market

Highlights

  • Victorian Architecture
  • Corner Lot
  • Central Heating and Cooling System
  • Savannah Arts Academy Rated A+

About This Home

As of November 2019

Massive multi-unit building with excellent cash flow. Fully rented, this is ideal for those looking for income opportunities. This beautiful historic building is perfect as is, or can be taken to the next level for even greater financial gains. The attic is already lined with power and water and ready to be an additional income producing space. In a burgeoning and newly vibrant area of Savannah, this is perfect for any savvy investor!

Last Agent to Sell the Property

Richard Mopper

Sweet T Properties LLC License #027456 Listed on: 02/06/2019

Sweet T Properties LLC

Co-Listed By

Renee Turner

Engel & Volkers License #375197

Last Buyer's Agent

Justin Hart

Seabolt Real Estate License #344334

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,887

Year Built

  • Built in 1900

Lot Details

  • 6,795 Sq Ft Lot
  • Corner Lot

Home Design

  • Victorian Architecture

Interior Spaces

  • 5,188 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Buildings
  • Property managed by Mopper Property Mgmt

Listing and Financial Details

  • Assessor Parcel Number 2-0042-20-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,887

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Construction: Wood
  • Current Zoning: R4
  • Flood Insurance: Unknown
  • Inclusions: Refrigerator, Washer
  • Legal Description: LOTS 110 AND 111 TELFAIR WARD
  • Legal Subdivision: Telfair
  • List Price Per Sq Ft: 106.01
  • Property Sub Type: Multi Building
  • Property Type: Multifamily
  • Style: Victorian
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Attic: Walkin
  • Full Bathrooms: 5
  • Total Bathrooms: 5.00
  • Total Bedrooms: 7
  • Total Sq Ft: 5188

Utilities

  • Cable: Cable Access, Cable Ready
  • Cooling Type: Central
  • Heating Type: Central
  • Num Cooling Units: 5
  • Num Heating Units: 5
  • Num Water Heaters: 5
  • Sewer: Public Sewer
  • Underground Utilities: Yes
  • Water: Public Water
  • Water Heater Type: Gas

Condo/Co-op/Association

  • Property Management: Yes
  • Property Mgt Co Name: Mopper Property Mgmt
  • Property Mgt Co Phone: 912-429-2841

Lot Info

  • List Price Per Acre: 3525641.03
  • Lot Description: Corner
  • Lot Num: 110
  • Lot Size Sq Ft: 6795
  • Num Acres: 0.1560
  • Parcel Number: 2-0042-20-002
  • Property Description: Carriage House, House

Tax Info

  • Annual Tax: 3887

Multi Family

  • Unit Count: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2019
Closed on
Oct 15, 2019
Sold by
Sj Management Grp Llc
Bought by
Walter Chad P and Shoup Emily A
Seller's Agent
Richard Mopper
Sweet T Properties LLC
Buyer's Agent
Justin Hart
Seabolt Real Estate
List Price
$599,000
Sold Price
$520,000
Premium/Discount to List
-$79,000
-13.19%
Current Estimated Value
$864,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$344,627
Avg. Annual Appreciation
8.17%
Original Mortgage
$780,000
Outstanding Balance
$693,571
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$120,000
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $520,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $780,000 Commercial
Previous Owner $340,000 New Conventional
Previous Owner $37,000 New Conventional
Previous Owner $311,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2019 11/15/19 Sold $520,000 -5.5% $100 / Sq Ft
09/25/2019 09/25/19 Price Changed $550,000 -8.2% $106 / Sq Ft
06/23/2019 06/23/19 For Sale $599,000 +15.2% $115 / Sq Ft
06/21/2019 06/21/19 Off Market $520,000 -- --
02/06/2019 02/06/19 For Sale $599,000 0.0% $115 / Sq Ft
05/17/2017 05/17/17 Rented $950 0.0% --
05/17/2017 05/17/17 For Rent $950 -36.7% --
08/10/2016 08/10/16 Rented $1,500 -16.7% --
08/10/2016 08/10/16 For Rent $1,800 +140.0% --
08/05/2016 08/05/16 Rented $750 0.0% --
07/21/2016 07/21/16 Under Contract -- -- --
07/06/2016 07/06/16 For Rent $750 0.0% --
06/15/2016 06/15/16 Rented $750 0.0% --
05/27/2016 05/27/16 Under Contract -- -- --
05/17/2016 05/17/16 For Rent $750 0.0% --
09/08/2015 09/08/15 Rented $750 0.0% --
08/31/2015 08/31/15 Under Contract -- -- --
08/26/2015 08/26/15 For Rent $750 0.0% --
10/18/2013 10/18/13 Sold $365,000 -17.0% $87 / Sq Ft
10/10/2013 10/10/13 Pending -- -- --
02/08/2012 02/08/12 For Sale $440,000 -- $105 / 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 $5,994 $207,360 $13,560 $193,800
2023 $2,150 $207,360 $13,560 $193,800
2022 $4,700 $207,360 $13,560 $193,800
2021 $4,028 $152,480 $13,560 $138,920
2020 $4,186 $0 $0 $0
2019 $7,982 $680 $0 $0
2018 $7,905 $132,560 $13,560 $119,000
2017 $14,544 $132,560 $16,280 $116,280
2016 $4,030 $138,120 $16,280 $121,840
2014 $7,423 $143,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Savannah Multi-List Corporation

MLS Number: 202230

Savannah Multi-List Corporation

APN: 2004220002