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1328 E 40th Street, Savannah, GA, 31404

2beds
1baths
864sqft
$285,000
$330price/sqft
$2,065/moest. monthly cost
$82,600/yrincome needed

About This Home

Located in the highly desirable Live Oak neighborhood, this charming 2-bedroom, 1-bath historic home offers a rare opportunity to own just steps from one of Savannah’s most beloved green spaces, Daffin Park—home of the wildly popular Savannah Bananas. Situated directly across the street, you’ll enjoy unmatched access to scenic walking trails, tennis and basketball courts, expansive soccer fields, and a beautifully renovated playground, all right outside your door. This home is full of potential and perfectly positioned for a savvy buyer looking to enter this sought-after neighborhood below market value. Whether you choose to renovate and restore its historic charm or keep the current tenant in place for immediate income, the possibilities here are endless. Just a quick 10-minute drive brings you to the heart of Savannah’s Historic District, where cobblestone streets, moss-draped oak trees, and iconic architecture create one of the most picturesque settings in the country. Enjoy easy access to award-winning restaurants, boutique shopping, art galleries, and a vibrant cultural scene that makes Savannah such a special place to call home. Opportunities to purchase in Live Oak—especially this close to Daffin Park—are few and far between. Whether you’re an investor or a buyer with vision, this property offers location, character, and upside in one compelling package.

Getting Around

63
WalkingSomewhat Walkable
0
TransitVery Limited Transit
61
BikeBikeable

Schools

5/10
3/10
Hubert Middle SchoolGrades 6-81.3 mi

Construction

Condition

  • Year built: 1935

Materials

  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Water Heater
  • Laundry features: Washer Hookup,Dryer Hookup,Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total interior livable area: 864 sqft

Property

Details

  • Parcel number: 2006231019
  • Zoning: R6
  • Special condition: Standard

Features

  • Has view: Yes
  • View description: Panoramic

Lot

  • Lot size: 2,613 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Heat Wave
Lightning
Tsunami

FEMA Declared Disasters Across Georgia Counties

Hurricane
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,441$17,292
Home Insurance *$213$2,556
Property Taxes $192$2,304
Electricity $219$2,637
Total$2,065$24,780
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$70,800/yr
40% on housing$61,950/yr
45% on housing$55,066/yr

Georgia FAIR Plan Programs

Georgia Underwriting Association

Covered
WildfireWildfire
Add-on available
WindWind
Visit Website →

Georgia Underwriting Association - Coastal

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,778Commercial: 638
Total Premiums$16.25M
Total Exposure$2.20B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 3.6%
3.6%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$330This listing

vs Other Active Listings

Avg $/sqft

ZIP 31404$153
Chatham County$225

vs Homes Sold Last Month

Median $/sqft

ZIP 31404$234
Chatham County$203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-01Listed for sale$285,000
2000-06-09Sold$40,000

For Sale by Agent

AgentVictoria Williams Adcock
BrokerageSeaport Real Estate Group

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