$420,000
SOLD MAR 19, 2025
-- Bed
-- Bath
3,570 Sq Ft
0.26 Acres

Recently Sold

$118 Per Sq Ft

1% Above List Price

113 Days on Market

Highlights

  • Deck
  • Central Heating and Cooling System
  • Washer and Dryer
  • End Unit
  • Utility Room
  • Partially Fenced Property

About This Home

As of March 2025

Awesome investment opportunity... Fully rented, income producing quadraplex! The property has been professionally managed and features contemporary floor plans with vaulted ceilings, transom windows, walk-in closets, and indoor laundry in each unit. Each unit also has a private deck or patio, and shared driveway parking .Recent updates include a new roof in 2020, 3 of 4 brand new HVAC units, and water heaters replaced in 2014 (three units) and 2020 (one unit). This property offers solid rental income with the potential for significant growth. Unit 1842: 1-story 2Bd/2Ba @$1100 // Unit 1844: occupied 2-story 2Bd/2Ba with long term Section 8 tenant on month-to-month lease @ $700/month // Unit 1846: occupied 1-story 2Bd/2Ba @ $1,050/month // Unit 1848: occupied 2-story 1Bd/1.5 with lease @ $1000/month. Photos are of unit 1842

Last Agent to Sell the Property

Kayla Meadows

Keller Williams Town & Country License #3513259 Listed on: 11/14/2024

Keller Williams Town & Country

Last Buyer's Agent

NON MEMBER

Tallahassee Board of REALTORS®

Tallahassee Board of REALTORS®

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,281

Year Built

  • Built in 1981

Lot Details

  • End Unit
  • Partially Fenced Property

Home Design

  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Utility Room
  • Washer and Dryer

Kitchen

  • Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Parking

  • Varies By Unit
  • Unassigned Parking

Schools

  • Sabal Palm Elementary School
  • Griffin Middle School
  • Godby High School

Additional Features

  • Deck
  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Somersett Place Subdivision

Listing and Financial Details

  • The owner pays for insurance, management, pest control, repairs, taxes
  • Tax Lot 14
  • Assessor Parcel Number 12073-21-29-78-000-014-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,281

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Year Built: 1981
  • Directions: W on Tharpe, L @ Blountstown Hwy, Right @ Nekoma, end of cul de sac.
  • Elementary School: SABAL PALM
  • High School: GODBY
  • PropertySubType: Multi Family
  • PropertyType: Residential
  • Land Info Fencing: Partial
  • Appliances: Dishwasher, Range, Refrigerator, Refrigerator with Ice Maker, Washer/Dryer
  • Subdivision Name: Somersett Place
  • Owner Name: Cuderman
  • Architectural Style: One Story
  • ResoBuildingAreaSource: Assessor
  • Fireplace: No
  • Reso Parking Features: Unassigned, Varies by Unit
  • Reso Patio And Porch Features: Deck
  • Reso Room Type: Utility Room
  • Building Stories: 1
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • PropertySubTypeAdditional: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Carpet, Vinyl
  • Owner Pays: Insurance, Management, Pest Control, Repairs, Taxes

Exterior Features

  • Pool Private: No
  • Home Warranty: No
  • Common Walls: End Unit
  • Construction Materials: Wood Siding
  • Exterior Features: Deck, Fence

Utilities

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: GRIFFIN

Lot Info

  • Parcel Number: 12073-21-29-78-000-014-0

Rental Info

  • Lease Term: 12 Months

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 3281.0
  • Tax Block: 0
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2024
Closed on
Mar 14, 2025
Sold by
Cuderman Peter
Bought by
Tobar Matthew
Seller's Agent
Kayla Meadows
Keller Williams Town & Country
Buyer's Agent
NON MEMBER
Tallahassee Board of REALTORS®
List Price
$415,000
Sold Price
$420,000
Premium/Discount to List
$5,000
1.2%
Views
11
Current Estimated Value
$385,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,912
Avg. Annual Appreciation
-17.90%
Original Mortgage
$405,982
Outstanding Balance
$404,610
Interest Rate
6.89%
Mortgage Type
FHA
Estimated Equity
-$19,522

Purchase Details

Listed on
Mar 22, 2024
Closed on
May 9, 2024
Sold by
Silver Megan S
Bought by
Cuderman Peter
Seller's Agent
Christie Perkins
Coldwell Banker Hartung
Buyer's Agent
Kayla Meadows
Keller Williams Town & Country
List Price
$399,900
Sold Price
$385,000
Premium/Discount to List
-$14,900
-3.73%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.65%
Original Mortgage
$288,750
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2022
Sold by
Robert Peters
Bought by
Silver Megan S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,975
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2014
Sold by
Us Bank National Association
Bought by
Peters Robert

Purchase Details

Closed on
Feb 24, 2014
Sold by
Brainard Jeff
Bought by
Gsaa Home Equity Trust 2006-5 and Us Bank National Association

Purchase Details

Closed on
Nov 21, 2005
Sold by
Macchio James B
Bought by
Brainard Jeff

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,352
Interest Rate
7.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 20, 2005
Sold by
Curlee Adams Jackie and Adams Philip
Bought by
Macchio James B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
8%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 28, 2002
Sold by
Wittenberg Dennis P
Bought by
Curlee Jackie and Adams Philip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
6.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 3, 2001
Sold by
Wittenberg Nancy Kelley
Bought by
Wittenberg Dennis P
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $420,000 Propy Title And Escrow Agency
Warranty Deed $385,000 National Consumer Title Insura
Warranty Deed $304,500 None Listed On Document
Special Warranty Deed $37,500 Title 365
Trustee Deed -- None Available
Warranty Deed $254,200 --
Warranty Deed $214,000 --
Warranty Deed $165,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $405,982 FHA
Previous Owner $288,750 New Conventional
Previous Owner $222,975 New Conventional
Previous Owner $203,352 Commercial
Previous Owner $5,000 Unknown
Previous Owner $171,200 Commercial
Previous Owner $148,500 Commercial
Closed $32,100 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2025 03/19/25 Sold $420,000 +1.2% $118 / Sq Ft
11/14/2024 11/14/24 For Sale $415,000 +7.8% $116 / Sq Ft
05/10/2024 05/10/24 Sold $385,000 -3.7% $108 / Sq Ft
03/22/2024 03/22/24 For Sale $399,900 -- $112 / 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 $3,419 $200,109 $65,000 $135,109
2023 $3,146 $185,319 $60,000 $125,319
2022 $2,624 $139,670 $40,000 $99,670
2021 $1,966 $102,433 $30,000 $72,433
2020 $2,068 $109,380 $30,000 $79,380
2019 $2,021 $105,741 $30,000 $75,741
2018 $1,960 $101,621 $30,000 $71,621
2017 $1,838 $94,154 $0 $0
2016 $1,792 $91,617 $0 $0
2015 $679 $34,090 $0 $0
2014 $679 $88,480 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 380010

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

APN: 21-29-78-000-014.0