NOT LISTED FOR SALE

1525 Melvin St Tallahassee, FL 32301

FAMU Neighborhood

Estimated Value: $455,000 - $535,000

8 Beds
4 Baths
3,240 Sq Ft
$151/Sq Ft Est. Value

Last Sold June 07, 2022

Last sale price $420,000 $130 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,031/month

36 Days on Market

Highlights

  • Four Sided Brick Exterior Elevation
  • Combination Dining and Living Room
  • Vinyl Flooring
  • Leon High School Rated A
  • Utility Room

About This Home

As of June 2022

Red brick quadruplex (four 2 bdrm 1 bth 840 sq ft apts) ACROSS THE STREET FROM FL A & M UNIVERSITY'S ADMINISTRATION BLDG. Construction 80% to 90% complete. Being sold as is. New roof, new electrical, Vinyl plank water proof flooring, stainless steel appliances, steel exterior doors No heat/AC system, bathrooms not complete, no kitchen counter tops $575 per bdrm ($4,600 total per mo) is anticipated rents w/owner providing wifi cable internet and furniture

Last Agent to Sell the Property

Na'im Majeed

Cobb Realty & Investment Compa License #0317702 Listed on: 01/19/2022

Last Buyer's Agent

NON MEMBER

Tallahassee Board of REALTORS®

Tallahassee Board of REALTORS®

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,277

Year Built

  • Built in 1969

Lot Details

  • 8,276

Parking

  • Unassigned Parking

Home Design

  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 3,240 Sq Ft Home
  • 2-Story Property
  • Combination Dining and Living Room
  • Utility Room
  • Vinyl Flooring
  • Dishwasher

Schools

  • Bond Elementary School
  • NIMS Middle School
  • Leon High School

Community Details

  • Morrill Heights Subdivision

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 12073-41-01-54-000-024-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,277

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Inside Capital Circle: Yes
  • Lot: 24
  • Sold Price Per Sq Ft: 129.63
  • Subdivision: Morrill Heights
  • Tax Database Id: 9
  • Tax Item Number: 4101540000240
  • Type: Multi-Family
  • L V T Date: 02/16/2022
  • Total Sq Ft: 3240
  • Year Built: 1969
  • Directions: From So. Adams St go west on Palmer. 2 blocks then rt on Melvin St
  • Elementary School: BOND
  • Geo Longitude: -84.283377
  • High School: LEON
  • Middle School: NIMS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Equipment: Dead Bolt, Dishwasher
  • Floor Plan: Story - Two plus
  • Living Area Description: Living Room/Dining Room
  • Other Rooms: Utility Room - Inside

Exterior Features

  • Construction: Brick 4 Sides

Garage/Parking

  • Parking: Area - Unassigned

Condo/Co-op/Association

  • Unit: 00

Schools

  • Elementary School: BOND
  • Middle School: NIMS
  • High School: LEON

Lot Info

  • Lot Dimensions: 67X120X67X120
  • Geo Subdivision: FL

Multi Family

  • Operating Exp Accuracy: Owner Provided
  • Units: 4

Tax Info

  • Assessor Parcel Number: 12073-41-01-54-000-024-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2022
Closed on
Jun 6, 2022
Sold by
Mcnamara Michael C
Bought by
Robinson Sharonda
Seller's Agent
Na'im Majeed
Cobb Realty & Investment Compa
Buyer's Agent
NON MEMBER
Tallahassee Board of REALTORS®
List Price
$440,000
Sold Price
$420,000
Premium/Discount to List
-$20,000
-4.55%
Current Estimated Value
$488,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,649
Avg. Annual Appreciation
4.89%
Original Mortgage
$412,392
Outstanding Balance
$392,378
Interest Rate
5.1%
Mortgage Type
FHA
Estimated Equity
$96,271

Purchase Details

Closed on
Dec 4, 2014
Sold by
Marshall Delma Crump and Crump Delma Hope
Bought by
Mcnamara Michael C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.95%
Mortgage Type
Seller Take Back
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
Robinson Sharonda $420,000 Smith W Crit
Robinson Sharonda $420,000 None Listed On Document
Mcnamara Michael C $90,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robinson Sharonda $412,392
Closed Robinson Sharonda $412,392
Previous Owner Mcnamara Michael C $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2022 06/07/22 Sold $420,000 -4.5% $130 / Sq Ft
02/16/2022 02/16/22 For Sale $440,000 -- $136 / 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 $4,277 $222,315 $20,000 $202,315
2023 $4,013 $207,394 $20,000 $187,394
2022 $1,287 $68,798 $20,000 $48,798
2021 $1,194 $62,190 $20,000 $42,190
2020 $1,176 $62,190 $20,000 $42,190
2019 $1,151 $60,224 $20,000 $40,224
2018 $1,119 $57,997 $20,000 $37,997
2017 $1,122 $57,449 $0 $0
2016 $1,117 $56,427 $0 $0
2015 $1,948 $51,412 $0 $0
2014 $1,948 $97,686 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Na'im Majeed

    Cobb Realty & Investment Compa

    (850) 545-6597

    19 in this area

    54 Total Sales

    Section Image

  • N

    Buyer's Agent in 2022

    NON MEMBER

    FL_TBRMLS

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Map

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

MLS Number: 342301

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

APN: 41-01-54-000-024.0

Florida Leon County Tallahassee 32301 FAMU

1525 Melvin St, Tallahassee, FL

This home is located at 1525 Melvin St, Tallahassee, FL 32301 since 19 January 2022 and is currently estimated at $488,649, approximately $150 per square foot. This property was built in 1969. 1525 Melvin St is a home located in Leon County with nearby schools including Bond Elementary School, R. Frank Nims Middle School, and Leon 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.

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