NOT LISTED FOR SALE

1266 Ocala Rd Tallahassee, FL 32304

University Neighborhood

Estimated Value: $303,206 - $908,000

3 Beds
4 Baths
2,142 Sq Ft
$215/Sq Ft Est. Value

Sale Details

Date Sold: April 30, 2018

Last sale price $145,000 $68 Per Sq Ft

Est. 218% increase in value since last sale

Current estimated payment $2,819 / mo

92 Days on Market

Highlights

  • Sitting Area In Primary Bedroom
  • Ground Level Unit
  • Walk-In Closet
  • Deck
  • Eat-In Kitchen
  • Ceramic Tile Flooring

About This Home

As of April 2018

Fantastic investment opportunity for either owner-occupant or private investor. Enjoy a prime location just 1.3 miles away from FSU's main campus, newer construction in 2009 build, and private parking for tenants. This duplex features a downstairs unit with 1 bedroom & 1 full bathroom, and upstairs unit features 2 bedrooms & 2.5 bathrooms w/ each bedroom including a full bath en suite. Private balconies located off the main living areas and each bedroom, w/ downstairs unit including private entrance to bedroom, and both units wired w/ security systems. See offering memorandum for complete lease breakdown & financials.

Last Agent to Sell the Property

John McLaughlin

Canopy Road Realty License #3269952 Listed on: 01/11/2018

Last Buyer's Agent

Zhongli Wang

Sunflower Real Estate LLC License #3348976

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2009

Lot Details

  • 4,356

Parking

  • Unassigned Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,142 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Family or Dining Combination
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • Primary Bedroom Upstairs
  • Walk-In Closet

Schools

  • Riley Elementary School
  • Griffin Middle School
  • Godby High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Additional Features

  • Deck
  • Ground Level Unit

Listing and Financial Details

  • Legal Lot and Block 1 / A
  • Assessor Parcel Number 12073-21-27-31- A-001-3

Community Details

Overview

  • Continental Oaks Subdivision

Building Details

  • Gross Income $17,700
  • Net Operating Income $12,354

Property Details

Home Type

Multi-Family

Year Built

Built in 2009

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Inside Capital Circle: Yes
  • Lot: 1
  • Sold Price Per Sq Ft: 67.69
  • Subdivision: Continental Oaks
  • Tax Database Id: 9
  • Tax Item Number: 212731 A0013
  • Type: Multi-Family
  • Miscellaneous Items: Deck
  • L V T Date: 01/11/2018
  • Total Sq Ft: 2142
  • Year Built: 2009
  • Directions: W. Tenn, R on Ocala, on L just after Continental Ave
  • Elementary School: RILEY
  • Geo Longitude: -84.318251
  • High School: GODBY
  • Middle School: GRIFFIN
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic/Clay, Vinyl Tile
  • Equipment: Dead Bolt, Dishwasher, Disposal, Dumpster, Microwave, Range, Refrig/Icemaker
  • Floor Plan: Story - Two plus, Unit - Ground Floor, Unit - Upstairs
  • Living Area Description: Family Room/Dining Room, Kitchen - Eat In
  • Other Rooms: Master Bedroom - Down, Master Bedroom - Up, Utility Room - Inside, Walk in Closet, Units Vary

Exterior Features

  • Construction: Siding - Vinyl

Garage/Parking

  • Parking: Area - Unassigned

Utilities

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

Lot Info

  • Lot Dimensions: 196x22
  • Geo Subdivision: FL

Rental Info

  • Lease Terms: Units Vary

Multi Family

  • Capitalization Rate: 7.31
  • Expenses: 5345
  • Gross Income: 17700
  • Net Income: 12354
  • Operating Exp Accuracy: Information Limited
  • Owners Expenses: Advertising, Insurance, Maintenance/Repairs, Management, Supplies
  • Units: 2
  • Vacancy: 100

Tax Info

  • Taxes: 2799
  • Assessor Parcel Number: 12073-21-27-31- A-001-3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2018
Closed on
May 1, 2018
Sold by
Marques Tony P and Marques Susana P
Bought by
Zheng Zili and Zhu Ping
Seller's Agent
John McLaughlin
Canopy Road Realty
Buyer's Agent
Zhongli Wang
Sunflower Real Estate LLC
List Price
$169,000
Sold Price
$145,000
Premium/Discount to List
-$24,000
-14.2%
Current Estimated Value
$460,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$315,802
Avg. Annual Appreciation
15.63%
Original Mortgage
$108,750
Outstanding Balance
$92,918
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$367,884

Purchase Details

Listed on
Jan 11, 2018
Closed on
Apr 30, 2018
Sold by
Marques Tony P and Marques Susana P
Bought by
Zheng Zili and Zhu Ping
Seller's Agent
John McLaughlin
Canopy Road Realty
Buyer's Agent
Zhongli Wang
Sunflower Real Estate LLC
List Price
$169,000
Sold Price
$145,000
Premium/Discount to List
-$24,000
-14.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Outstanding Balance
$92,918
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$367,884

Purchase Details

Listed on
Dec 14, 2011
Closed on
Apr 11, 2013
Sold by
Hancock Bank
Bought by
Marques Tony P and Marques Susana P
Seller's Agent
Damon Hutchison
Capital City Real Estate Group
Buyer's Agent
Dan Kalicki
Dan Kalicki Realty LLC
List Price
$206,300
Sold Price
$132,500
Premium/Discount to List
-$73,800
-35.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.80%
Original Mortgage
$95,250
Interest Rate
3.52%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Zheng Zili $145,000 North Florida Title
Zheng Zili $145,000 North Florida Title
Zheng Zili $145,000 North Florida Title Co
Marques Tony P $134,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zheng Zili $108,750
Closed Zheng Zili $108,750
Closed Zheng Zili $108,750
Previous Owner Marques Tony P $95,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2018 04/30/18 Sold $145,000 -14.2% $68 / Sq Ft
01/11/2018 01/11/18 For Sale $169,000 +27.5% $79 / Sq Ft
04/15/2013 04/15/13 Sold $132,500 -35.8% $62 / Sq Ft View Prior Sale
02/05/2013 02/05/13 Pending -- -- --
12/14/2011 12/14/11 For Sale $206,300 -- $96 / Sq Ft
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

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
2025 $4,303 $228,726 $45,000 $183,726
2024 $3,952 $214,068 $45,000 $169,068
2023 $3,662 $183,686 $0 $0
2022 $3,142 $168,031 $30,000 $138,031
2021 $2,914 $151,806 $30,000 $121,806
2020 $2,896 $153,185 $30,000 $123,185
2019 $2,841 $148,654 $30,000 $118,654
2018 $2,762 $143,199 $30,000 $113,199
2017 $2,800 $143,418 $0 $0
2016 $2,809 $141,843 $0 $0
2015 $2,620 $131,546 $0 $0
2014 $2,620 $131,413 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John McLaughlin

    Seller's Agent in 2018

    John McLaughlin

    Canopy Road Realty

    (850) 296-2864

    1 Total Sale

    John McLaughlin
    Section Image
  • Zhongli Wang

    Buyer's Agent in 2018

    Zhongli Wang

    Sunflower Real Estate LLC

    (850) 445-0033

    9 in this area

    154 Total Sales

    Zhongli Wang
    Section Image
  • Damon Hutchison

    Seller's Agent in 2013

    Damon Hutchison

    Capital City Real Estate Group

    (850) 570-6113

    1 in this area

    62 Total Sales

    Damon Hutchison
    Section Image

  • D

    Buyer's Agent in 2013

    Dan Kalicki

    Dan Kalicki Realty LLC

    Section Image
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Map

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

MLS Number: 288965

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

APN: 21-27-31-00A-001.3

Florida Leon County Tallahassee 32304 University

1266 Ocala Rd, Tallahassee, FL

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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.

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