28 days on rocket

1218 E 59th St, Savannah, GA, 31404

$265,000

Home List Price

$3,147*

Closing Credit

3 Bedrooms
2 Full Baths
1,153 SqFt
$230/SqFt
House

Location

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1218 E 59th St, Savannah$265,000

Buyer Closing Credits

$3,147*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingCarport, Garage, Off Street
Year Built1952
HeatingCentral
CoolingCentral Air
MLS #10380483
Lot Size0.13 Acres
StatusActive
(Back On Market)

About 1218 E 59th St

The bungalow at 1218 E 59th St in Savannah, GA, offers significant income-producing potential, making it an attractive investment for those seeking a profitable real estate opportunity. With a projected capitalization rate of 8% to 10%, the property stands out in a competitive rental market where median rents within a 0.75-mile radius reach approximately $2,500. This high demand is fueled by its proximity to key locales like downtown Savannah, major hospitals, and Tybee Island, which not only ensures steady rental income but also increases the likelihood of property appreciation. Whether considering long-term or mid-term rental strategies, this property is poised to provide a robust return on investment, catering to a diverse pool of potential tenants and maximizing profitability for investors.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1952
  • Living Area: 1,153 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Coastal
  • Listing Agent: Brandon Fargo

Interior Features

Interior Information:

  • Appliances: Cooktop
  • Basement: No
  • Flooring Type: Other
  • Interior: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Carport, Garage, Off Street

Lot Features

Lot Information:

  • Lot: City Lot
  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Jenkins High School, Public District Grades 9-12
  • Myers Middle School, Public District Grades 6-8

Other

Directions Information:

  • Directions: Head west on Eisenhower Dr toward Mac Arthur Dr. Turn Right onto Waters Ave and head towards Derenne Ave. Turn Right on E 59th Street. Destination will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $265,000
  • Price Per SqFt: $230/SqFt

Tax Information:

  • Annual Amount: $865
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Savannah, GA.

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Savannah, GA

City

Med. Sold Price

$362.8K

Med. Price/SqFt

$214

Avg. Days On Market

41

# of Sold Homes

229

1218 E 59th St vs Savannah

28 DAYS ON ROCKET

-13 Days

$265,000

-$97.8K Less

$230/SqFt

+$16 More

KEY TAKEAWAY

This property is $97.8K less than the Median Sold Price and $16/SqFt more than other homes in Savannah, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Georgia MLS 2
  • MLS Number: #10380483

Listing Office:

  • Office Name: Keller Williams Realty Coastal
  • Listing Agent: Brandon Fargo

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/18/2024, 12:55:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 08, 2006Home Sold
$89,000

Tax History

YEARPROP. TAXASSESSMENT
2020$865$19,520
2019$865$17,280
2018$393$17,240

History based on county public records data.

Payment Calculator

$1,390

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$861

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-602120
2
/10

  • Myers Middle School

  • 2025 E 52nd St

  • 1.09 miles

  • Public District Grades 6-8

High School

school-card-donut-602121
5
/10

  • Jenkins High School

  • 1800 E De Renne Ave

  • 0.87 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,074. Typical income of Savannah, GA residents is less than $35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1218 E 59th St

What is the listing price of this property?

The listing price of 1218 E 59th St property is $265,000.

What type of property is this?

The property 1218 E 59th St is a house located in Savannah, Georgia, 31404.

Is this property for sale now?

Active Listing: 1218 E 59th St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1218 E 59th St are:
Myers Middle School: GreatSchools Rating 2/10
Jenkins High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $865 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 8, 2006 for $89,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1218 E 59th St has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1218 E 59th St is 1,153 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1218 E 59th St is 1952.

Rocket Homes›Georgia›Chatham County›Savannah›31404›1218 E 59th St

This home is located at 1218 E 59th St in Savannah, GA and zip code 31404 in the Sackville neighborhood. This 1,153 square foot home, which was built in 1952, sits on a 0.13 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 19, 2024 and is currently priced at $265,000.

While more than 45 listings in Savannah, GA in September 2024 were sold above asking price, there were more than 54 listings sold at asking price, and more than 130 were sold below. In September 2024 in Savannah, GA there were 2.8% more homes for sale than in August 2024. While the average time on the market in September 2024 was 41 days, the median list price was $362,882.

From Rocket Homes Real Estate and based on county public records data.

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