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Off Market

1218 E 59th St

Savannah GA 31404

3
2
1153 sq. ft.
5502 sq. ft.
Single-Family
Last sold for $240,000
Brandon FargoBrandon Fargo, last sold this property on 21 November 2024 after 168 days on market.

Overview

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.

Features

3 bedrooms
2 bathrooms
1153 sq. ft. floor area
5502 sq. ft. lot size
Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Savannah over the last 12 months, the estimated median property value of 1218 E 59th St is $292k.

Median value
$292k
Estimated value range
$85k - $637.5k
Median days on market
50
Estimated value trend
-3%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Savannah. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1218 E 59th St

2024
Sold
$240,000
21 Nov 2024 by Brandon Fargo, of Keller Williams Coastal Area Partners
2022
Sold
$180,000
Private Sale/Treaty on 12 May 2022 by Latasha Hall, of SCOTT REALTY PROFESSIONALS LLC
2018
Sold
$67,000
24 Sep 2018 by Dawn Phaneuf, of TriCounty Real Estate

Happy sellers in Savannah

87%
87% of sellers in Savannah reported that their sale price either exceeded or met their price expectations.

Savannah stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Savannah over the last 12 months.

Local market activity for 3 bedroom single-family properties in Savannah

In the last 12 months, 187 three-bedroom single-family properties similar to 1218 E 59th St, have been sold.

This represents a 23% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Savannah

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Susan Ross

Sellers who recommend Susan Ross have praised them for being local expert, responsive, clear communication, reliable, supportive, friendly, and empathetic

  •   5   (55 reviews)
  •  2 Reviews in Savannah
  •  3 Sales in Savannah
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Tamara Naidoo

Tamara Naidoo is a recommended agent for Savannah.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   5   (3 reviews)
  •  2 Reviews in Savannah
  •  2 Sales in Savannah
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Dolores Montoya

Dolores Montoya is a recommended agent for Savannah.  They have 3 local sales and collected 1 local review across the last 12 months.

  •   5   (24 reviews)
  •  1 Review in Savannah
  •  3 Sales in Savannah
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Monique Allen

Monique Allen is an award winning recommended agent for Savannah.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (58 reviews)
  •  1 Review in Savannah
  •  1 Sale in Savannah
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