1522 S Adams St Tallahassee, FL 32301
FAMU NeighborhoodEstimated Value: $206,000 - $264,000
4
Beds
2
Baths
1,440
Sq Ft
$159/Sq Ft
Est. Value
Highlights
- Cape Cod Architecture
- Wood Flooring
- Sun or Florida Room
- Leon High School Rated A
- Main Floor Primary Bedroom
- Patio
About This Home
As of November 2021Rented to a great tenant through July 31, 2022 for $1,540/month. Start making money right away with this unique investment opportunity in one of Tallahassee’s fastest developing areas. Zoned CU-45 and part of the Central Urban future land use district, you can live in or rent this lovely home with the option for conversion to dense housing or commercial use. Open floorplan, high ceilings, secondary living space upstairs, an enclosed porch, and mostly hardwood floors. Huge master bedroom. Central A/C. Energy efficient windows. Less than 1 block from FAMU campus. Within walking distance or a quick bike ride to Cascades Park, Railroad Square/All Saints, The Capitol, Myers Park Pool, several resturants, coffee shop, brewery and more. Zoned for Leon High. This area is the future of Urban Living in Tallahassee. Part of Southside CRA, HUBZone.
Last Agent to Sell the Property
Coldwell Banker Hartung License #3200966 Listed on: 08/23/2021
Last Buyer's Agent
Matt McKibbin
Hamilton Realty Advisors LLC License #3496401
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,238
Year Built
- Built in 1938
Lot Details
- 6,098
Parking
- 1 Carport Space
Home Design
- Cape Cod Architecture
- Vinyl Siding
Interior Spaces
- 1,440 Sq Ft Home
- 2-Story Property
- Ceiling height of 9 feet or more
- Ceiling Fan
- Combination Dining and Living Room
- Sun or Florida Room
- Utility Room
- Wood Flooring
Kitchen
- Oven or Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Schools
- Bond Elementary School
- NIMS Middle School
- Leon High School
Utilities
- Central Heating and Cooling System
- Water Heater
Additional Features
- Patio
- 6,098 Sq Ft Lot
Community Details
- Morrill Heights Subdivision
Listing and Financial Details
- Tax Lot 55
- Assessor Parcel Number 12073-41-01-54-000-055-0
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 3, 2023
Sold by
Dreams & Success Homes Inc
Bought by
Mow Legacy Assets Llc
Total Days on Market
68
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,834
Outstanding Balance
$183,975
Interest Rate
6.15%
Mortgage Type
Seller Take Back
Estimated Equity
$45,025
Purchase Details
Listed on
Aug 23, 2021
Closed on
Oct 27, 2021
Sold by
Drach Robert
Bought by
Dreams And Success Homes Inc
Seller's Agent
Casie Moran
Coldwell Banker Hartung
Buyer's Agent
Matt McKibbin
Hamilton Realty Advisors LLC
List Price
$195,000
Sold Price
$185,000
Premium/Discount to List
-$10,000
-5.13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.23%
Purchase Details
Listed on
Apr 22, 2018
Closed on
May 23, 2018
Sold by
Smith Francis R
Bought by
Drach Robert and Drach Barbara J
Seller's Agent
Angie Goodman
Keller Williams Town & Country
Buyer's Agent
Casie Moran
Coldwell Banker Hartung
List Price
$125,000
Sold Price
$118,000
Premium/Discount to List
-$7,000
-5.6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.10%
Original Mortgage
$94,400
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 12, 1998
Sold by
Smith Henry Bufus
Bought by
Smith Francis R
Similar Homes in Tallahassee, FL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mow Legacy Assets Llc | $185,000 | -- | |
| Dreams And Success Homes Inc | $185,000 | Attorney | |
| Drach Robert | $118,000 | Owen Title Co Llc | |
| Smith Francis R | $20,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mow Legacy Assets Llc | $188,834 | |
| Previous Owner | Drach Robert | $98,000 | |
| Previous Owner | Drach Robert | $94,400 | |
| Previous Owner | Smith Francis R | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/24/2021 11/24/21 | Sold | $185,000 | -2.6% | $128 / Sq Ft |
| 09/29/2021 09/29/21 | Price Changed | $190,000 | -2.6% | $132 / Sq Ft |
| 08/24/2021 08/24/21 | For Sale | $195,000 | +65.3% | $135 / Sq Ft |
| 06/28/2018 06/28/18 | Sold | $118,000 | -5.6% | $76 / Sq Ft |
| 05/10/2018 05/10/18 | Pending | -- | -- | -- |
| 04/22/2018 04/22/18 | For Sale | $125,000 | -- | $80 / Sq Ft |
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)
Tax History Compared to Growth
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 | $3,238 | $168,311 | $20,000 | $148,311 |
| 2023 | $3,045 | $157,383 | $20,000 | $137,383 |
| 2022 | $2,776 | $147,789 | $20,000 | $127,789 |
| 2021 | $2,116 | $110,224 | $15,000 | $95,224 |
| 2020 | $1,968 | $104,082 | $15,000 | $89,082 |
| 2019 | $1,925 | $100,693 | $15,000 | $85,693 |
| 2018 | $899 | $88,857 | $0 | $0 |
| 2017 | $877 | $87,029 | $0 | $0 |
| 2016 | $859 | $85,239 | $0 | $0 |
| 2015 | $899 | $84,646 | $0 | $0 |
| 2014 | $899 | $86,312 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Casie Moran
Seller's Agent in 2021
Casie Moran
Coldwell Banker Hartung
(850) 445-4739
1 in this area
69 Total Sales
-
Buyer's Agent in 2021
Matt McKibbin
Hamilton Realty Advisors LLC
(850) 766-1132
1 in this area
5 Total Sales
-
A
Seller's Agent in 2018
Angie Goodman
Keller Williams Town & Country
Map
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)
MLS Number: 336496
APN: 41-01-54-000-055.0
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