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1116 E 40th Street, Savannah, GA, 31404

2beds
1baths
1,070sqft
$360,000
$336price/sqft
$2,911/moest. monthly cost
$116,440/yrincome needed

About This Home

New Price! Best cost per square foot value for a renovated home in Live Oak! Charming, move-in ready 2BR/1BA bungalow just 1/2 a block toSavannah’s growing Waters Avenue corridor. Completely restored in 2020 and beautifully maintained, this home features an open floor plan, updated kitchen and bath, and a full-size laundry center. Close to downtown and all things SCAD. Two blocks to Daffin! Low maintenance, fully detached single family for the cost of a condo and no HOA! An excellent alternative to purchasing a condo—offering more space, a private fully fenced yard, and no HOA fees—all at a price point often less than nearby one-bedroom condos in Thomas Square. Located just half a block from Waters Café, Good Fortune Market, Stacks Book Store, and Cast & Grey Botanicals. This is a vibrant thriving neighborhood offering beautiful bungalows in close proximity to downtown and SCAD. Daffin Park is 2 blocks away where you can enjoy green space, a community pool, tennis courts and the Savannah Bananas at Greyson Stadium. Wheather you are a first-time buyer, SCAD faculty or student or an investor seeking a strong rental opportunity, this is a turn key opportunity to live in a neighborhood that is close to all and offers an opportunity to build equity.

Getting Around

60
WalkingSomewhat Walkable
0
TransitVery Limited Transit
71
BikeVery Bikeable

Schools

5/10
3/10
Hubert Middle SchoolGrades 6-81.1 mi

Construction

Condition

  • Year built: 1928

Materials

  • Construction materials: Frame,Vinyl Siding,Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Some Electric Appliances,Dryer,Dishwasher,Electric Water Heater,Freezer,Disposal,Oven,Range,Range Hood,Washer
  • Laundry features: In Kitchen,Washer Hookup,Dryer Hookup

Bedrooms & Bathrooms

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

Features

  • Pull Down Attic Stairs,Fireplace
  • Fireplace: Yes
  • Attic: Pull Down Stairs

Heating & Cooling

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

Interior Area

  • Total interior livable area: 1,070 sqft

Living Room

  • Level: Main

Property

Details

  • Parcel number: 20063 24021
  • Special condition: Standard

Features

  • Pool features: Community

Lot

  • Lot size: 2,613 sqft
  • Features: City Lot

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 $1,820$21,840
Home Insurance *$269$3,228
Property Taxes $603$7,236
Electricity $219$2,637
Total$2,911$34,932
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$99,805/yr
40% on housing$87,330/yr
45% on housing$77,626/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

$336This 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
2026-05-06Price change$375,000
2026-03-16Listed for sale$380,000
2023-08-10Sold$320,000
2023-07-09Pending sale$320,000
2023-07-04Contingent$320,000
2023-06-27Listed for sale$320,000
2020-07-07Sold$215,000
2020-06-07Pending sale$219,900
2020-04-14Listed for sale$219,900
2019-10-04Sold$40,000
2019-08-11Listed for sale$60,000

For Sale by Agent

AgentLinda Blakemore
BrokerageVylla Home

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