NOT LISTED FOR SALE

1229 Lake Ave Tallahassee, FL 32310

University Neighborhood

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

4 Beds
6 Baths
2,348 Sq Ft
$112/Sq Ft Est. Value

Last Sold September 28, 2012

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

Est. 122% increase in value since last sale

Current estimated payment $1,704/month

464 Days on Market

Highlights

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

About This Home

As of September 2012

Being sold in "as-is" condition. Current leases thru 9/2012. Wired for Comcast/security system. Lawn service, prop taxes, & insur are seller's expenses. Two contigous buildings for sale next to this one.

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

  • 8,276

Parking

  • Assigned Parking

Home Design

  • Siding

Interior Spaces

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

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • 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 3 / S
  • Assessor Parcel Number 12073-41-02-30- S-003-0

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: 3
  • Sold Price Per Sq Ft: 50.4
  • Subdivision: Bloxham Heights
  • Tax Database Id: 9
  • Tax Item Number: 410230 S0030
  • 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: -84.303993
  • High School: RICKARDS
  • Middle School: NIMS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Slab, Vinyl
  • Equipment: Dead Bolt, Dishwasher, Disposal, Microwave, Range, Refrig/Icemaker, Smoke Detector, 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, Electric

Schools

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

Lot Info

  • Lot Dimensions: 50x150
  • Geo Subdivision: FL

Rental Info

  • Lease Terms: Month To Month

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: 3451
  • Assessor Parcel Number: 12073-41-02-30- S-003-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2011
Sold by
Tandon Chanchal
Bought by
Superior Bank Na
Current Estimated Value
$263,024

Purchase Details

Closed on
Nov 12, 2008
Sold by
Chadwick Properties Llc
Bought by
Tandon Chanchal

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
6.11%
Mortgage Type
Commercial

Purchase Details

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

Purchase Details

Closed on
Aug 29, 2005
Sold by
Taylor Roy E
Bought by
Whetsel John and Whetsel Dorothea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,100
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 20, 2000
Sold by
Rudd Raynond Lamar and Rudd Lamar
Bought by
Taylor Roy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
7.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 24, 1999
Sold by
Smith Harrison and Smith Yumico L
Bought by
Rudd Raymnond Lamar

Purchase Details

Closed on
Dec 31, 1996
Sold by
Rudd Raymond Lamar and Madera Nelson I
Bought by
Smith Harrison and Smith Yumico L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000
Interest Rate
7.19%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Na $82,000 None Available
Tandon Chanchal $258,500 Attorney
Chadwick Properties Llc $64,000 Attorney
Whetsel John $69,000 First American Title Ins Co
Taylor Roy E -- --
Rudd Raymnond Lamar $34,900 --
Smith Harrison $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tandon Chanchal $258,500
Previous Owner Whetsel John $62,100
Previous Owner Taylor Roy E $48,000
Previous Owner Smith Harrison $17,000
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
See All Agents

Map

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

MLS Number: 216848

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

APN: 41-02-30-00S-003.0

Florida Leon County Tallahassee 32310 University

1229 Lake Ave, Tallahassee, FL

This home is located at 1229 Lake Ave, Tallahassee, FL 32310 since 25 May 2011 and is currently estimated at $263,024, approximately $112 per square foot. This property was built in 2008. 1229 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.
Information is deemed reliable but not guaranteed.

Nearby Homes