NOT LISTED FOR SALE

1225 Lake Ave Tallahassee, FL 32310

University Neighborhood

Estimated Value: $182,000 - $321,000

4 Beds
6 Baths
2,348 Sq Ft
$109/Sq Ft Est. Value

Last Sold September 28, 2012

Last sale price $118,333 $50 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $1,660/month

464 Days on Market

Highlights

  • Patio
  • Combination Kitchen and Dining Room
  • Utility Room
  • Central Heating and Cooling System
  • Ceiling Fan
  • Washer and Dryer

About This Home

As of September 2012

Being sold in "as-is" condition. Current leases expire 9/2012. Laminate wood floors. Wired for Comcast/security system. Lawn maintenance . Two contiguous buildings for sale.

Last Agent to Sell the Property

Cassandra Harbin

Coldwell Banker Hartung License #117782 Listed on: 05/25/2011

Coldwell Banker Hartung

Last Buyer's Agent

Sheena Lloyd

Keller Williams Town & Country License #3110922

Keller Williams Town & Country

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,248

Year Built

  • Built in 2008

Lot Details

  • 7,405

Parking

  • Assigned Parking

Home Design

  • Siding

Interior Spaces

  • Primary Bedroom Upstairs
  • 2,348 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Combination Kitchen and Dining Room
  • Utility Room
  • Washer and Dryer

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Outdoor Features

  • Patio

Schools

  • Pineview Elementary School
  • NIMS Middle School
  • Rickards High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • Legal Lot and Block 2 / S
  • Assessor Parcel Number 12073-41-02-30- S-002-0

Community Details

Overview

  • Bloxham Heights Subdivision

Building Details

  • Gross Income $1,590
  • Net Operating Income $9,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,248

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Lot: 2
  • Sold Price Per Sq Ft: 50.4
  • Subdivision: Bloxham Heights
  • Tax Database Id: 9
  • Tax Item Number: 410230 S0020
  • Type: Multi-Family
  • Miscellaneous Items: Patio - Individual
  • Street Designation: Avenue
  • Total Sq Ft: 2348
  • Year Built: 2008
  • Directions: S.Monroe - R Gaines - L Lk Bradford - R on Lake Ave
  • Elementary School: PINEVIEW
  • Geo Longitude: -84.303554
  • High School: RICKARDS
  • Middle School: NIMS
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate, Slab, Vinyl
  • Equipment: Dead Bolt, Dishwasher, Disposal, Microwave, Range, Refrig/Icemaker, Wash/Dry All
  • Floor Plan: Story - Two plus
  • Living Area Description: Kitchen/Din Rm/Liv Room
  • Other Rooms: Master Bedroom - Up, Pantry, Utility Room - Inside

Exterior Features

  • Construction: Siding - Fiber Cement

Garage/Parking

  • Parking: Assigned Spaces

Utilities

  • Heating: Central, Electric, Heat Pump
  • Cooling: Central, Fans - Ceiling, Heat Pump

Schools

  • Elementary School: PINEVIEW
  • Middle School: NIMS
  • High School: RICKARDS

Lot Info

  • Lot Dimensions: 51x141
  • Geo Subdivision: FL

Multi Family

  • Capitalization Rate: 5.7
  • Expenses: 3964
  • Gross Income: 1590
  • Gross Rent Multiplier: 105
  • Net Income: 9540
  • Operating Exp Accuracy: Information Limited
  • Owners Expenses: Insurance, Taxes
  • Units: 2

Tax Info

  • Taxes: 3668
  • Assessor Parcel Number: 12073-41-02-30- S-002-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2010
Sold by
Simmons Samuel L
Bought by
Superior Bank
Current Estimated Value
$254,911

Purchase Details

Closed on
Dec 11, 2008
Sold by
Chadwick Properties Llc
Bought by
Simmons Samuel L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,500
Interest Rate
6.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 17, 2007
Sold by
Whetsel John
Bought by
Chadwick Properties Llc

Purchase Details

Closed on
Dec 9, 2004
Sold by
Womack Russell Carnett
Bought by
Whetsel John
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Superior Bank $517,000 Attorney
Simmons Samuel L $258,500 Attorney
Chadwick Properties Llc -- Attorney
Whetsel John $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simmons Samuel L $258,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2012 09/28/12 Sold $118,333 -29.6% $50 / Sq Ft
08/31/2012 08/31/12 Pending -- -- --
05/25/2011 05/25/11 For Sale $168,000 -- $72 / Sq Ft
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,248 $174,629 $20,000 $154,629
2023 $2,976 $151,427 $0 $0
2022 $2,605 $141,252 $15,000 $126,252
2021 $2,402 $125,146 $15,000 $110,146
2020 $2,415 $127,702 $15,000 $112,702
2019 $2,362 $123,564 $15,000 $108,564
2018 $2,288 $118,581 $15,000 $103,581
2017 $2,297 $117,680 $0 $0
2016 $2,313 $116,823 $0 $0
2015 $2,513 $116,564 $0 $0
2014 $2,513 $126,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cassandra Harbin

    Seller's Agent in 2012

    Cassandra Harbin

    Coldwell Banker Hartung

    (850) 386-6160

    42 Total Sales

    Cassandra Harbin
    Section Image
  • Sheena Lloyd

    Buyer's Agent in 2012

    Sheena Lloyd

    Keller Williams Town & Country

    (850) 284-6531

    6 in this area

    53 Total Sales

    Sheena Lloyd
    Section Image
  • Kenley Stringer

    Buyer Co-Listing Agent in 2012

    Kenley Stringer

    Keller Williams Town & Country

    (850) 228-1486

    33 in this area

    335 Total Sales

    Kenley Stringer
    Section Image
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Map

Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

MLS Number: 216847

Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

APN: 41-02-30-00S-002.0

Florida Leon County Tallahassee 32310 University

1225 Lake Ave, Tallahassee, FL

This home is located at 1225 Lake Ave, Tallahassee, FL 32310 since 25 May 2011 and is currently estimated at $254,911, approximately $108 per square foot. This property was built in 2008. 1225 Lake Ave is a home located in Leon County with nearby schools including Pineview Elementary School, R. Frank Nims Middle School, and James Rickards High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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