4 months on rocket

540 E Taylor St, Savannah, GA, 31401

$1,870,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
7 Full Baths
3,847 SqFt
$486/SqFt
House

Location

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540 E Taylor St, Savannah$1,870,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1870
HeatingElectric, Heat Pump, Zoned
CoolingElectric, Heat Pump, Zoned
MLS #314913
Lot Size0.06 Acres
StatusActive

About 540 E Taylor St

Rare opportunity for 4 non-owner occupied short-term vacation rental units in heart of the Landmark Historic District. This property boast Net Operating Income (NOI) of $100,000/year. "Downstairs"currently owner occupied & utilized as a 2 bed/ 2 bath suite w/ private access to deck & courtyard; its potential income was factored into NOI. Two auxiliary units, each with full kitchens located upstairs & include 2 beds/ 2 baths on the second level and a cozy studio on 3rd floor. An entirely separate cottage/ carriage house can be accessed from the lane and offers kitchen, living room and two beds & baths. Tandem parking off lane accommodates 2 cars. This well maintained home boasts strong rental history, good reviews and future income. It's sold turn key with exception of owner's suite and items in courtyard. Steps from Forsyth Park, restaurants & shopping, it's expected to have continued appreciation and potential for increased income. Proforma & financials available upon request.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1870
  • Living Area: 3,847 SqFt

Listing Office:

  • Office Name: BHHS Bay Street Realty Group
  • Office Phone: (912) 355-4171
  • Listing Agent: Heather Booth

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Oven, Plumbed For Ice Maker, Range, Refrigerator, Washer
  • Basement: No
  • Interior: Fireplace

Bedroom and Bathroom Information:

  • Full Bathrooms: 7
  • Total Bedroom Count: 7

Virtual/3D Tour

  • 3D Tour: 540 E Taylor St
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Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Electric, Heat Pump, Zoned
  • Cooling: Electric, Heat Pump, Zoned

Other

Directions Information:

  • Directions: From the riverfront area, take East Broad south to Taylor Street (one-way street). The home will be in the first block on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,870,000
  • Price Per SqFt: $486/SqFt

Tax Information:

  • Annual Amount: $8,943
  • 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

$364.5K

Med. Price/SqFt

$215

Avg. Days On Market

58

# of Sold Homes

230

540 E Taylor St vs Savannah

125 DAYS ON ROCKET

+67 Days

$1,870,000

+$1.5M More

$486/SqFt

+$271 More

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $271/SqFt more than other homes in Savannah, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SAV
  • MLS Number: #314913

Listing Office:

  • Office Name: BHHS Bay Street Realty Group
  • Office Phone: (912) 355-4171
  • Listing Agent: Heather Booth

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Savannah Multi-List Corporation. Real estate listings held by brokerage firms other than this broker are marked with the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. All properties are subject to prior sale, change or withdrawal and some properties which appear for sale on this web site may subsequently have sold and may no longer be available.. Listing(s) information 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.
Copyright 2024 Savannah Multi-List Corporation. All rights reserved.
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, 4:20:49 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

YEARPROP. TAXASSESSMENT
2020$8,943 -
2019$8,943$2,714
2018$5,525$285,920

History based on county public records data.

Payment Calculator

$9,401

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,673

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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.

Nearby Schools

school-card-donut-959751
3
/10

  • Andrea B. Williams Elementary School

  • 1150 Wheaton St

  • 0.72 miles

  • Public District Grades 1-5

school-card-donut-959752
3
/10

  • Gadsden Elementary School

  • 919 May St

  • 1.07 miles

  • Public District Grades PK-5

school-card-donut-959753
3
/10

  • Shuman Elementary School

  • 415 Goebel Ave

  • 1.35 miles

  • Public District Grades 1-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,772. Most Savannah, GA residents have annual incomes less than $35k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 540 E Taylor St

What is the listing price of this property?

The listing price of 540 E Taylor St property is $1,870,000.

What type of property is this?

The property 540 E Taylor St is a house located in Savannah, Georgia, 31401.

Is this property for sale now?

Active Listing: 540 E Taylor 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 $8,943 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 540 E Taylor St has 7 bedrooms and 7 bathrooms.

What is the square footage of this property?

The property 540 E Taylor St is 3,847 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 540 E Taylor St is 1870.

Rocket Homes›Georgia›Chatham County›Savannah›31401›540 E Taylor St

This home is located at 540 E Taylor St in Savannah, GA and zip code 31401 in the Beach Institute neighborhood. This 3,847 square foot home, which was built in 1870, sits on a 0.06 acre lot. Features: 7 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since July 16, 2024 and is currently priced at $1,870,000.

In October 2024 more than 40 listings in Savannah, GA were sold above the asking price. During the same period more than 60 listings were sold at asking price, while more than 128 were sold below. The number of homes for sale in Savannah, GA increased by 9% between September 2024 and October 2024. In October 2024, listings were on the market for 58 days. During the same period, the median list price in this real estate market was $364,570.

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

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