Excellent opportunity for a developer, or potential owner-occupied buyer, to preserve a great Queen Anne Victorian home on a strong block. Could either be developed as a duplex investment-property, or restored as a single-family residence. Property to be sold “as-is” to a preservation-minded buyer.
The home is only a five minute walk to beautiful Forsyth Park, surrounding restaurants, and Kroger. Easy walk to SCAD facilities and East Broad Elementary.
Interior architectural features include hardwood floors throughout, high ceilings, and original trim work on windows and doors.
The buyer is expected to reconstruct the original front porch of the home (see attached measured drawings). The exterior of the property will also be subject to a protective easement in perpetuity.
Square Footage: 1,982
Historic District: Victorian
Style: Wood frame, Queen Anne Victorian
Zoning: Residential (R1)
Property Record Card: Click here to view
521 E. Bolton is a contributing building in the National Register of Historic Places (as such it is eligible for certain rehabilitation tax incentives). It is also part of Savannah’s locally protected Victorian Historic District.
A Certificate of Appropriateness (COA) is required by the City of Savannah for all exterior changes visible from the public right of way, new construction, demolition, or signage within district boundaries. Also, as a condition of sale, Historic Savannah Foundation will place a protective easement on the property which requires HSF’s review and approval of any exterior changes to the building. The easement is a legally enforceable deed restriction and runs with the property. Per the easement, substantial work on the subject property must begin in earnest within 4 months and completed within 20 months of the date of closing.
Buyer to pay all closing costs. Home is to be sold “as-is” with no warranty.
521 E. Bolton was built in 1900 for Newton R. Yonge, a conductor for the Plant System Railroad. The rail yard was located on the current site of East Broad Elementary School. The 500 block of Bolton Street represents the continuing development of the middle-upper class suburb begun shortly after the Civil War, when Forsyth Park was expanded by 20 acres to the south – making up what we know today as the Victorian District.
Originally built as a single family home, 521 was later converted to a duplex, sometime after 1916. The floor plan is still configured as two separate units – one downstairs, one upstairs.
HSF’s Revolving Fund Committee will review proposals using a 100-point scoring system based on the following: highest bid amount (25 points); experience and track record of bidder and his/her team with similar projects (25 points); intended use and preservation plan for the property (25 points); discretion of the Committee based on their knowledge and experience with projects of this kind (25 points).
The deadline for submitting complete bid packages is 5 p.m. on Wednesday, March 1, 2017. Offers
can be submitted on-line or by mail to HSF’s office @ 321 E. York St., Savannah, GA 31401
Open House Dates:
Thursday, January 26th, 3 p.m. – 7 p.m. and Saturday, February 11th, 9 a.m. – Noon
Offer Submission Form