NOT LISTED FOR SALE

229 S Lipona Rd Unit A,B,C Tallahassee, FL 32304

University Neighborhood

Estimated Value: $332,000 - $477,000

6 Beds
5 Baths
2,566 Sq Ft
$169/Sq Ft Est. Value

Last Sold May 23, 2024

Last sale price $460,000 $179 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,647/month

123 Days on Market

Highlights

  • Wood Flooring
  • End Unit
  • 1-Story Property
  • Separate Formal Living Room
  • Eat-In Kitchen
  • Central Heating and Cooling System

About This Home

As of May 2024

Cute Duplex with Accessory 1/1 Unit less than a mile away from FSU and Doak Campbell Stadium. Walk or bike to school and football games! The first unit is a 3bed/2bath, one unit is a 2bed/2bath, and the other is a 1bed/1bath. Perfect property for developers, investors, or parents buying for their college kids to live in while letting the rent from the other unit pay for the mortgage. Hardwood floors throughout, ceramic tile in kitchen and bathroom. Good sized bedrooms and closets. Seperate living room and large eat in kitchen. Each unit has laundry room. Located on the FSU bus route and in close proximity to Publix, Aldi, restaurants, coffee shops, Collegetown, and more. Buyer to Verify Lot Dimensions.Being sold As-Is

Last Agent to Sell the Property

Jacob Leoni

Volare Real Estate Company License #3470861 Listed on: 11/29/2023

Volare Real Estate Company

Last Buyer's Agent

Erik Seise

Bevis Realty License #3408489

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,512

Year Built

  • Built in 1947

Lot Details

  • 0.45

Parking

  • Carport

Interior Spaces

  • 2,566 Sq Ft Home
  • 1-Story Property
  • Separate Formal Living Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Schools

  • Riley Elementary School
  • NIMS Middle School
  • Godby High School

Additional Features

  • End Unit
  • Central Heating and Cooling System

Community Details

  • Prince Murat Hills Subdivision

Listing and Financial Details

  • The owner pays for garbage/trash collection, pest control
  • Tax Lot 13
  • Assessor Parcel Number 12073-21-34-51-000-130-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,512

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Inside Capital Circle: Yes
  • Lot: 13
  • Sold Price Per Sq Ft: 179.27
  • Subdivision: PRINCE MURAT HILLS
  • Tax Database Id: 9
  • Tax Item Number: 2134510001300
  • Type: Multi-Family
  • L V T Date: 11/30/2023
  • Street Designation: Road
  • Total Sq Ft: 2566
  • Year Built: 1947
  • Directions: Pensacola to S on Lipona, on L Hand Side
  • Elementary School: RILEY
  • Geo Longitude: -84.313773
  • High School: GODBY
  • Middle School: NIMS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl, Wood
  • Equipment: Dishwasher, Microwave, Range, Refrigerator
  • Floor Plan: Story - One, Unit - End
  • Living Area Description: Kitchen - Eat In, Separate Living Room, Units Vary

Exterior Features

  • Construction: Concrete Block

Garage/Parking

  • Parking: Covered Parking, Individual Carport

Utilities

  • Heating: Central
  • Cooling: Central

Condo/Co-op/Association

  • Unit: A, B, & C

Lot Info

  • Lot Dimensions: 215x89x215x89
  • Geo Subdivision: FL

Rental Info

  • Lease Terms: 1 Year
  • Tenants Rent Includes: Garbage/Trash Collection, Pest Control

Multi Family

  • Operating Exp Accuracy: Books Avail w/Contract
  • Owners Expenses: Advertising, Com Area Maint/Assoc Fee, Insurance, Legal/Accounting, Maintenance/Repairs, Management, Pest Control, Taxes, Trash/Garbage
  • Units: 3

Tax Info

  • Assessor Parcel Number: 12073-21-34-51-000-130-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2023
Closed on
May 23, 2024
Sold by
Jnp Holdings Llc
Bought by
229 Lipona Fl Llc
Seller's Agent
Jacob Leoni
Volare Real Estate Company
Buyer's Agent
Erik Seise
Bevis Realty
List Price
$600,000
Sold Price
$460,000
Premium/Discount to List
-$140,000
-23.33%
Views
170
Current Estimated Value
$433,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,157
Avg. Annual Appreciation
-4.01%
Original Mortgage
$276,000
Outstanding Balance
$272,130
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$161,713

Purchase Details

Closed on
Oct 1, 2012
Sold by
Webb Brian S
Bought by
Jnp Holdings Llc

Purchase Details

Closed on
Mar 15, 2007
Sold by
Webb Brian S
Bought by
City Of Tallahassee

Purchase Details

Closed on
Sep 18, 2003
Sold by
Webb Stacey L
Bought by
Webb Brian S

Purchase Details

Closed on
Jan 28, 2000
Sold by
1St Bk
Bought by
Webb Brian S and Webb Stacey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,200
Interest Rate
7.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 26, 1996
Sold by
Trimble Spencer W
Bought by
Nystrom James L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,800
Interest Rate
8.2%
Mortgage Type
Commercial
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
229 Lipona Fl Llc $460,000 Hayward Title Group
Jnp Holdings Llc $275,000 Attorney
City Of Tallahassee -- None Available
Webb Brian S -- --
Webb Brian S $110,000 --
Nystrom James L $113,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 229 Lipona Fl Llc $276,000
Previous Owner Webb Brian S $109,200
Previous Owner Nystrom James L $90,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2024 05/23/24 Sold $460,000 -5.2% $179 / Sq Ft
02/29/2024 02/29/24 Price Changed $485,000 -3.0% $189 / Sq Ft
02/09/2024 02/09/24 Price Changed $499,999 -9.1% $195 / Sq Ft
01/14/2024 01/14/24 Price Changed $550,000 -8.3% $214 / Sq Ft
12/06/2023 12/06/23 For Sale $600,000 -- $234 / 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 $4,512 $235,899 $30,000 $205,899
2023 $4,171 $212,716 $0 $0
2022 $3,663 $199,038 $30,000 $169,038
2021 $3,374 $175,798 $30,000 $145,798
2020 $3,271 $172,982 $30,000 $142,982
2019 $3,177 $166,201 $30,000 $136,201
2018 $3,065 $158,865 $30,000 $128,865
2017 $3,014 $154,360 $0 $0
2016 $2,947 $148,818 $0 $0
2015 $2,838 $146,161 $0 $0
2014 $2,838 $142,369 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jacob Leoni

    Seller's Agent in 2024

    Jacob Leoni

    Volare Real Estate Company

    (603) 991-2058

    26 in this area

    38 Total Sales

    Jacob Leoni
    Section Image
  • Erik Seise

    Buyer's Agent in 2024

    Erik Seise

    Bevis Realty

    (904) 403-8938

    10 in this area

    58 Total Sales

    Erik Seise
    Section Image
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Map

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

MLS Number: 366087

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

APN: 21-34-51-000-130.0

Florida Leon County Tallahassee 32304 University

229 S Lipona Rd Unit A,B,C, Tallahassee, FL

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