NOT LISTED FOR SALE

1839 Portland Ave Unit 1 Tallahassee, FL 32303

Hartsfield Neighborhood

Estimated Value: $495,000 - $829,903

8 Beds
8 Baths
8,528 Sq Ft
$71/Sq Ft Est. Value

Last Sold February 27, 2014

Last sale price $275,000 $32 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $4,189/month

35 Days on Market

About This Home

As of February 2014

Price Reduction! Astoria Hills Apartments is an excellent opportunity to acquire an 8 unit townhome style garden apartment complex. The property is located just south of I-10 and west of Old Bainbridge Road on Portland Avenue. This property is convenient to shopping, schools, office parks and restaurants along the N. Monroe corridor. The N. Monroe (Highway 27) interchange for Interstate 10 is 1.3 miles. The property has recently had new roofs and the parking area has been resurfaced with new asphalt in 2012. This property presents an excellent investment opportunity. Property is 100% vacant and ready for lease up. Rents quoted are proforma -based on past experience. Inspection reports available upon request.

Last Agent to Sell the Property

Francis Rentz

SVN/SouthLand Co License #510551 Listed on: 12/11/2013

SVN/SouthLand Co

Last Buyer's Agent

Kelly Vinson

Keller Williams Town & Country License #3069565

Keller Williams Town & Country

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,126

Year Built

  • Built in 1973

Lot Details

  • 0.68

Parking

  • Unassigned Parking

Home Design

  • Frame Construction

Interior Spaces

  • 8,528 Sq Ft Home
  • 2-Story Property
  • Combination Kitchen and Dining Room

Kitchen

  • Range
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Schools

  • Astoria Park Elementary School
  • Griffin Middle School
  • Godby High School

Utilities

  • Heat Pump System

Listing and Financial Details

  • The owner pays for garbage/trash collection, lawn maintenance, pest control, units vary
  • Legal Lot and Block 22 / E
  • Assessor Parcel Number 12073-21-15-30- E-022-0

Community Details

Overview

  • Astoria Subdivision

Building Details

  • Gross Income $53,000
  • Net Operating Income $25,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,126

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Inside Capital Circle: Yes
  • Lot: 22
  • Sold Price Per Sq Ft: 32.25
  • Subdivision: Astoria
  • Tax Database Id: 9
  • Tax Item Number: 211530 E0220
  • Type: Multi-Family
  • Total Sq Ft: 8528
  • Year Built: 1973
  • Directions: Old Bainbridge north to Portland west to prop.
  • Elementary School: ASTORIA PARK
  • Geo Longitude: -84.3194961547852
  • High School: GODBY
  • Middle School: GRIFFIN
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic/Clay
  • Equipment: Dishwasher, Range, Refrigerator
  • Floor Plan: Story - Two plus
  • Living Area Description: Kitchen/Din Rm/Liv Room

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking: Area - Unassigned

Utilities

  • Heating: Heat Pump
  • Cooling: Heat Pump

Condo/Co-op/Association

  • Unit: 8

Schools

  • Elementary School: ASTORIA PARK
  • Middle School: GRIFFIN
  • High School: GODBY

Lot Info

  • Lot Dimensions: 200x147
  • Geo Subdivision: FL

Rental Info

  • Tenants Rent Includes: Garbage/Trash Collection, Lawn Maintenance, Pest Control, Units Vary

Multi Family

  • Expenses: 27000
  • Gross Income: 53000
  • Gross Rent Multiplier: 66
  • Net Income: 25000
  • Operating Exp Accuracy: Broker Pro Forma, Owner Provided
  • Owners Expenses: Advertising, Com Area Maint/Assoc Fee, Insurance, Legal/Accounting, Maintenance/Repairs, Management, Pest Control, Taxes, Trash/Garbage
  • Units: 8
  • Vacancy: 100

Tax Info

  • Taxes: 7442
  • Assessor Parcel Number: 12073-21-15-30- E-022-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2013
Closed on
Feb 28, 2014
Sold by
Astoria Hills Apartments Llc
Bought by
Wirgau David A and Wirgau Martha P
Seller's Agent
Francis Rentz
SVN/SouthLand Co
Buyer's Agent
Kelly Vinson
Keller Williams Town & Country
List Price
$295,000
Sold Price
$275,000
Premium/Discount to List
-$20,000
-6.78%
Current Estimated Value
$601,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$326,226
Avg. Annual Appreciation
6.94%
Original Mortgage
$265,000
Outstanding Balance
$201,469
Interest Rate
4.42%
Mortgage Type
Commercial
Estimated Equity
$399,757

Purchase Details

Closed on
Jan 3, 2006
Sold by
Stair Ralph
Bought by
Astoria Hills Apartments Llc
Source: Public Records

Range of Values:

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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
Wirgau David A $275,000 Attorney
Astoria Hills Apartments Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wirgau David A $265,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2014 02/27/14 Sold $275,000 -6.8% $32 / Sq Ft
01/15/2014 01/15/14 Pending -- -- --
12/11/2013 12/11/13 For Sale $295,000 -- $35 / 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 $12,126 $660,837 $100,000 $560,837
2023 $11,192 $562,240 $0 $0
2022 $9,679 $525,524 $80,000 $445,524
2021 $8,919 $464,661 $80,000 $384,661
2020 $8,786 $464,660 $80,000 $384,660
2019 $8,535 $446,546 $80,000 $366,546
2018 $8,219 $426,042 $80,000 $346,042
2017 $8,187 $419,343 $0 $0
2016 $8,112 $409,693 $0 $0
2015 $7,899 $400,393 $0 $0
2014 $7,899 $396,182 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Francis Rentz

    Seller's Agent in 2014

    Francis Rentz

    SVN/SouthLand Co

    (850) 386-2600

    Francis Rentz
    Section Image
  • Kelly Vinson

    Buyer's Agent in 2014

    Kelly Vinson

    Keller Williams Town & Country

    (850) 544-5455

    10 in this area

    199 Total Sales

    Kelly Vinson
    Section Image
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Map

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

MLS Number: 241589

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

APN: 21-15-30-00E-022.0

Florida Leon County Tallahassee 32303 Hartsfield

1839 Portland Ave Unit 1, Tallahassee, FL

This home is located at 1839 Portland Ave Unit 1, Tallahassee, FL 32303 since 11 December 2013 and is currently estimated at $601,226, approximately $70 per square foot. This property was built in 1973. 1839 Portland Ave Unit 1 is a home located in Leon County with nearby schools including Astoria Park Elementary School, Griffin Middle School, and Amos P. Godby High School.

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