The property at 509 W 40th St presents a remarkable opportunity for both developers and homebuyers seeking to tap into the thriving Savannah real estate market. With its strategic zoning for traditional residential development, this lot is perfectly primed for a variety of building projects-from custom single-family homes to duplexes that can cater to small families or professionals. Its proximity to Savannah's dynamic downtown, major hospitals, and the prestigious Savannah College of Art and Design amplifies its attractiveness, ensuring high desirability among potential renters or buyers. The potential for a significant return on investment is enhanced by the lot's location in a neighborhood experiencing growth and revitalization, making it a wise choice for those looking to build immediately or invest for future development.
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Realty Coastal
Listing Agent: Brandon Fargo
Lot Features
Lot Information:
Lot: City Lot
Lot Size: 0.07 Acres
Other
Directions Information:
Directions: Head North on Paulsen Street. Turn left onto E Derenne Ave. Turn right onto Avercorn St. Turn left onto E 52nd Street. Turn right onto Exchange St. Turn left on W 40th St. Destination on left
Price Information
Listing Price Info
Price Summary:
List Price: $70,000
Tax Information:
Annual Amount: $160
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Savannah, GA.
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: 11/19/2024, 5:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$160
$3,600
2019
$160
$3,600
2018
$45
$3,600
History based on county public records data.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Jacob G. Smith Elementary School
210 Lamara Dr
Distance between this listing and this school1.20 miles
Public District Grades PK-5
3
/10
Gadsden Elementary School
919 May St
Distance between this listing and this school1.22 miles
Public District Grades PK-5
3
/10
Andrea B. Williams Elementary School
1150 Wheaton St
Distance between this listing and this school1.26 miles
Public District Grades 1-5
Nearby Schools
4
/10
Ellis Elementary School
220 E 49th St
Distance between this listing and this school0.46 miles
Public District Grades PK-8
2
/10
Susie King Taylor Community School
1709 Bull St
Distance between this listing and this school0.54 miles
Public Charter Grades KG-7
9
/10
Savannah Classical Academy Charter School
705 E Anderson St
Distance between this listing and this school0.63 miles
Public Charter Grades KG-8
Nearby Schools
8
/10
Savannah Arts Academy
500 Washington Ave
Distance between this listing and this school0.51 miles
Public District Grades 9-12
5
/10
Savannah Classical Academy Charter High School
705 E Anderson St # 31401
Distance between this listing and this school0.63 miles
Public Charter Grades 9-12
2
/10
Beach High School
3001 Hopkins St
Distance between this listing and this school1.27 miles
The neighbors living near this home have an average income of $75,919. Residents of Savannah, GA typically earn less than $35k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 509 W 40th St
What is the listing price of this property?
The listing price of 509 W 40th St property is $70,000.
What type of property is this?
The property 509 W 40th St is land located in Savannah, Georgia, 31415.
Is this property for sale now?
Active Listing: 509 W 40th St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $160 (source: MLS/based on county public records data).
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This home is located at 509 W 40th St in Savannah, GA and zip code 31415 in the Baldwin Park neighborhood. This home sits on a 0.07 acre lot. It has been listed on Rocket Homes since September 12, 2024 and is currently priced at $70,000.
While more than 40 listings in Savannah, GA in October 2024 were sold above asking price, there were more than 60 listings sold at asking price, and more than 128 were sold below. The inventory of homes for sale in Savannah, GA between September 2024 and October 2024 increased by 9%. While the average time on the market in October 2024 was 58 days, the median list price was $364,570.
From Rocket Homes Real Estate and based on county public records data.
Based on information from the Georgia MLS © 2024. 
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