tomo logo

$459,000

Beds
2
Baths
2.0
sq ft
1,401

404 Butler Ave Unit 231, Tybee Island, GA 31328

404 Butler Ave Unit 231

Tybee Island, GA 31328

  • 113 days on market
This exceptional property offers a fantastic investment opportunity. Featuring two separate units, it can be utilized as one large condo or divided to a one bedroom one bath condo w/living, dining, full kitchen and a hotel suite with bedroom, bath and the ONLY suite unit w/ kitchenette. Each unit boasts its own entrance providing flexibility and privacy for occupants. Whether you're looking to live in one unit and rent out the other or short term rent both for double the income, this property is perfect for a savvy investor. Don't miss out on this versatile and income-generating gem! Situated in a prime oceanfront resort, Beachside Colony, you will enjoy access to two pools, spacious pool decks, onsite restaurant, outside showers, handicap accessible restroom, path to the beach & ocean and grilling/lounging area near the pool. Memorial Park is across the street offering playground, picnic areas, volleyball & more. The unit does not have a balcony or a view. Sold furnished.

Details

Property type

Condominium

Est. home value

$566,850

Lot size

436 sq ft

Price per sq ft

$328

Year built

2006

Annual property taxes

$3,839

Monthly HOA fee

$750

Price History

05/28/2024
SavannahMLS

SavannahMLS #312542

Listed
$459,000
+59.93%
02/28/2020
SavannahMLS

SavannahMLS #217522

Sold
$287,000
+40.69%
06/26/2015
SavannahMLS

SavannahMLS #128784

Sold
$204,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Playground

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Everett Financial

Loan start date

February 2020

Original loan amount

$272,650

Est. remaining balance

$248,124

Interest rate

3.64%

Loan type

New Conventional, 30 year

Seller

Letitia Henderson

Lender

Everett Financial

Loan start date

February 2020

Original loan amount

$272,650

Est. remaining balance

$248,124

Interest rate

3.64%

Loan type

New Conventional, 30 year

Seller

Letitia Henderson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/19/2024 at 12:40 PM

Listing updated: 07/25/2024 at 4:54 PM

Listed by: Lee Ann Marsh, Century 21 Solomon Properties Phone #: (912) 786-5466

MLS: SavannahMLS #312542

SavannahMLS logo

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