Historic Savannah Foundation to Host Open House, Now Accepting Offers on 521 E. Bolton Street

Staff Report From Savannah CEO

Monday, January 23rd, 2017

Historic Savannah Foundation is now accepting offers on 521 E. Bolton Street. HSF saved this Victorian District home late last year by purchasing it through its Revolving Fund. It is now available for resale to a preservation-minded buyer and/or developer who will commit to restoring and rehabbing the property within 20 months of closing. Interested parties will have an opportunity to tour the house during two different open houses:

·       Thursday, January 26 from 3-7 p.m.,

·       Saturday, February 11 from 9 a.m.-noon.

For more information, interior photos, floor plans, or to make an offer online, interested parties can go to the following link: http://www.myhsf.org/available-properties/.

The house, built in 1900 as single-family home, was the residence of Newton R. Yonge, a conductor for the Plant System Railroad. Sometime after 1916 the house was converted into a duplex, and is still configured as such. This is an excellent opportunity for a developer, or potential owner-occupied buyer, to preserve a great Queen Anne Victorian home on a strong block. The house could either be developed as a duplex investment-property, or restored to a single-family residence. The property is to be sold “as-is” to a preservation-minded buyer.

The home is only a five-minute walk to beautiful Forsyth Park, surrounding restaurants, Kroger, and an 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, which was removed long ago. (Drawings are available.) The exterior of the property will also be subject to a preservation easement. Pursuant to the easement, alterations and improvements to the exterior will be subject to approval by HSF.  The HSF Revolving Fund is the organization’s primary tool for saving vacant, blighted, and endangered homes. To date, the Revolving Fund has saved nearly 400 historic structures. Offers will be accepted up until March 1, and can be done online.