| Address: |
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505 East Jones Street
Savannah, GA 31401
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| Bedrooms: |
3 |
| Baths: |
2 |
| Half Baths: |
1 |
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| Square Feet: |
2,508 sq. ft. |
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| Attributes: |
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Historic, Courtyard View, Downtown |
| Amenities: |
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Luxury, Park/Playground, Paved Roads, Restaurants, Shopping, Planned Community, Traditional Neighborhood Development |
| Features: |
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Custom Built, Fireplace, Wood Floors, Porch, Outdoor Living |
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Mortgage Estimate:
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Rate: 6.50% | Years: 30
Down Payment: $91,000 (20.0%)
Loan: $364,000
Payment: $2,301
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505 East Jones Street
THIS PLACE IS A STEAL! BEST BUY ON JONES STREET. TENANTS MOVING OUT JUNE 30TH. BUY NOW - BUY LOW!!
Built in 1872 by the descendents of Silas Fulton, a planter from Liberty County, Georgia, this traditionally designed semi-detached home is in wonderful peak condition with gleaming heart pine floors, great light from north and east facing windows with original historic wavy glass, nicely proportioned rooms, and a south facing kitchen with shade in the summer months provided by a healthy Sugar Hackberry tree which kindly drops it’s leaves allowing the welcomed warmth of the winter sun to flood in.
503 & 505 East Jones street was designed in the traditional antebellum style on a full sized lot using the best building materials of the time with Silas Fulton’s two houses, circa 1860, next door to the south and east. This parcel had probably been used as a garden originally and once built out, must have created a cozy family compound at that time. Unlike many of the other masonry row houses built in the Landmark Historic District, no attempt was made here to squeeze in just one more house. So rather than being 20, 22, or 24 feet wide, we have a full 27 feet here making a huge difference to the feeling and furnishing possibilities of the rooms.
So why not make 505 East Jones your home, become a Savannahian and join us in our heavenly historic semitropical paradise. Savannah is quickly becoming the most desirable coastal destination in the east with a city plan designed for living, walking, running and biking, a strong business climate ripe for investment, tourism that helps a lunch or shopping trip to City Market or Broughton Street make YOU feel on vacation, and a life style that can only be found in Savannah. We have several colleges and a creative SCAD (Savannah College of Art and Design) student body from 80 countries influencing everything around us. We also have a very well-run forward thinking city government and variety of non profits constantly striving to make Savannah the best it can be and helping to provide you with new friends and an outlet for whatever your interests may be. With the tax protection from the Stevens-Day bill homestead exemption, you can take advantage of this benefit which so many of us rely upon to keep our property taxes in check. Once in residence, you will find having the lower unit can be very beneficial either as a guest suite, for rental income, or as a home office (zoned RIP-A).
Currently leased through the summer for $2,100 per month, this property is cash flowing at rents which are slightly below market rates allowing for above average tenants. With this location it would be possible to raise rents slightly or convert to a vacation rental and significantly increase the income. There are many options and you may also choose to keep one unit as a pied-à-terre.
There is absolutely no other historic property for sale that compares to this for under $500,000!
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