NOT LISTED FOR SALE

1813 Seay Ct Unit 1813, 1814, 1815, 18 Tallahassee, FL 32303

University Neighborhood

Estimated Value: $116,000 - $163,791

8 Beds
8 Baths
3,840 Sq Ft
$38/Sq Ft Est. Value

Last Sold April 02, 2021

Last sale price $392,342 $102 Per Sq Ft

Current estimated payment $966/month

28 Days on Market

Highlights

  • Cathedral Ceiling
  • Formal Dining Room
  • Walk-In Closet
  • Great Room
  • Galley Kitchen
  • Breakfast Bar

About This Home

As of April 2021

Turn-key, 2br/2ba townhouse units; 4-unit investment opportunity. Low maintenance + long-term tenant history + excellent cap rate = streamlined cash-flow investor opportunity. Units are all on slab, vinyl siding, all are 2-stories w/ 1 bedroom and 1 bath upstairs (master w/ en suite), and downstairs has main living area, dining area, and additional 1 bedroom & 1 full bath. Neighborhood is one of a few in the area with NO HOA, helping keep profit margins high! Brand new roof to be installed Feb 2021 w/ architectural shingles, 10 yr labor warranty, and 50 yr shingle warranty. Occupants have historically been young professionals, couples, and graduate students. Located at end of private cul de sac, tenants have enjoyed the high vaulted ceilings, minimal needed repairs, and 2 private parking spaces for each unit. Washer/dryer and appliances included w/ each unit.

Last Agent to Sell the Property

John McLaughlin

Canopy Road Realty License #3269952 Listed on: 02/08/2021

Last Buyer's Agent

Christie Perkins

Coldwell Banker Hartung License #3043297

Coldwell Banker Hartung

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,180

Year Built

  • Built in 1999

Lot Details

  • 6,098

Home Design

  • Vinyl Siding

Interior Spaces

  • 3,840 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Great Room
  • Family Room
  • Formal Dining Room
  • Utility Room
  • Washer and Dryer
  • Attic Fan

Kitchen

  • Galley Kitchen
  • Breakfast Bar

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Primary Bedroom Upstairs
  • Walk-In Closet

Parking

  • On-Street Parking
  • Assigned Parking

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Additional Features

  • Patio
  • Partially Fenced Property

Listing and Financial Details

  • The owner pays for lawn maintenance, pest control
  • Assessor Parcel Number 12073-21-21-18-000-010-1

Community Details

Overview

  • Seay Unrecorded Subdivision

Building Details

  • Gross Income $42,900
  • Net Operating Income $43,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,180

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Inside Capital Circle: Yes
  • Sold Price Per Sq Ft: 102.17
  • Subdivision: Seay Unrecorded
  • Tax Database Id: 9
  • Tax Item Number: 2121180000101
  • Type: Multi-Family
  • Miscellaneous Items: Cathedral/Vault/Trey, Fencing - Partial, Patio - Individual, Units Vary
  • L V T Date: 02/08/2021
  • Street Designation: Court
  • Total Sq Ft: 3840
  • Year Built: 1999
  • Directions: W on Tharpe, just past Gloria St on R, turn L on Seay Ct. to end of street
  • Elementary School: RILEY
  • Geo Longitude: -84.340636
  • High School: GODBY
  • Middle School: GRIFFIN
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic/Clay, Units Vary
  • Equipment: Dead Bolt, Refrigerator, Wash/Dry All
  • Floor Plan: Story - Two plus
  • Living Area Description: Family Room, Great Room, Kitchen with Bar, Kitchen - Galley, Separate Dining Room
  • Other Rooms: Master Bedroom - Up, Pantry, Utility Room - Inside, Walk in Closet

Exterior Features

  • Construction: Siding - Vinyl

Garage/Parking

  • Parking: Assigned Spaces, On Street

Utilities

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

Condo/Co-op/Association

  • Unit: 1813, 1814, 1815, 1816

Schools

  • Elementary School: RILEY
  • Middle School: GRIFFIN
  • High School: GODBY

Lot Info

  • Lot Dimensions: 77x157x77x157
  • Geo Subdivision: FL

Rental Info

  • Lease Terms: 1 Year
  • Tenants Rent Includes: Lawn Maintenance, Pest Control

Multi Family

  • Capitalization Rate: 7.71
  • Expenses: 7769
  • Gross Income: 42900
  • Gross Rent Multiplier: 9.84
  • Net Income: 43200
  • Operating Exp Accuracy: Books Avail w/Contract, Broker Pro Forma, Owner Provided
  • Owners Expenses: Maintenance/Repairs, Taxes
  • Units: 4

Tax Info

  • Taxes: 4563
  • Assessor Parcel Number: 12073-21-21-18-000-010-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2021
Closed on
Apr 2, 2021
Sold by
Felton Ryan
Bought by
Gilchrist Anthony G and Gilchrist Anne D
Seller's Agent
John McLaughlin
Canopy Road Realty
Buyer's Agent
Christie Perkins
Coldwell Banker Hartung
List Price
$425,000
Sold Price
$392,342
Premium/Discount to List
-$32,658
-7.68%
Current Estimated Value
$147,198

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$245,144
Avg. Annual Appreciation
-19.50%

Purchase Details

Closed on
Aug 3, 2018
Sold by
Arrington Thomas Logan
Bought by
Felton Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,400
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2015
Sold by
Newell Robert D
Bought by
Arrington Thomas Logan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,723
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 28, 2001
Sold by
Booher David G
Bought by
Newell Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.59%
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
Gilchrist Anthony G $392,400 Attorney
Felton Ryan $65,500 North Florida Title Co
Arrington Thomas Logan $64,900 North Florida Title Company
Newell Robert D $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Felton Ryan $52,400
Previous Owner Arrington Thomas Logan $63,723
Previous Owner Newell Robert D $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2021 04/02/21 Sold $392,342 -7.7% $102 / Sq Ft
02/08/2021 02/08/21 For Sale $425,000 -- $111 / 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 $2,180 $113,861 $15,000 $98,861
2023 $1,990 $102,838 $10,000 $92,838
2022 $1,810 $96,380 $10,000 $86,380
2021 $1,810 $78,307 $10,000 $68,307
2020 $1,409 $74,504 $10,000 $64,504
2019 $1,320 $69,035 $10,000 $59,035
2018 $567 $63,330 $0 $0
2017 $567 $62,027 $0 $0
2016 $569 $60,751 $0 $0
2015 -- $66,441 $0 $0
2014 -- $65,941 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John McLaughlin

    Seller's Agent in 2021

    John McLaughlin

    Canopy Road Realty

    (850) 296-2864

    4 in this area

    26 Total Sales

    John McLaughlin
    Section Image
  • Christie Perkins

    Buyer's Agent in 2021

    Christie Perkins

    Coldwell Banker Hartung

    (850) 321-2393

    47 in this area

    533 Total Sales

    Christie Perkins
    Section Image
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Map

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

MLS Number: 328277

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

APN: 21-21-18-000-010.1

Florida Leon County Tallahassee 32303 University

1813 Seay Ct Unit 1813, 1814, 1815, 18, Tallahassee, FL

This home is located at 1813 Seay Ct Unit 1813, 1814, 1815, 18, Tallahassee, FL 32303 since 08 February 2021 and is currently estimated at $147,198, approximately $38 per square foot. This property was built in 1999. 1813 Seay Ct Unit 1813, 1814, 1815, 18 is a home located in Leon County with nearby schools including John G Riley Elementary School, Griffin Middle School, and Amos P. Godby 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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