NOT LISTED FOR SALE

2450 King St Unit A Tallahassee, FL 32301

South City Neighborhood

Estimated Value: $158,000 - $221,000

5 Beds
2 Baths
1,566 Sq Ft
$119/Sq Ft Est. Value

Last Sold February 22, 2018

Last sale price $55,000 $35 Per Sq Ft

Est. 240% increase in value since last sale

Current estimated payment $1,175/month

3 Days on Market

About This Home

As of February 2018

HOT! Located in the states capital Tallahassee, FL. Turnkey duplex one unit is a 2/1 the other unit is a 3/1. Awesome cashflow!. Fully occupied with long term tenants. Building has separate electric and water meters with tenants paying all utilities. The expenses are low. Rented way below market value. Can generate $1100+ a month in gross rents and a 18%+ cap rate is possible!

Last Agent to Sell the Property

James Villarroel

REALPRO INC License #3009858 Listed on: 02/05/2018

Last Buyer's Agent

James Villarroel

REALPRO INC License #3009858 Listed on: 02/05/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $631

Year Built

  • Built in 1964

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 1566x40

Parking

  • Driveway

Home Design

  • 1,566 Sq Ft Home
  • Duplex
  • Shingle Roof
  • Block Exterior

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 31-07-60-000-009.0

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Hill Terrace Subdivision

Building Details

  • Gross Income $9,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$631

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block
  • Living Area: 1566
  • Lot Size Acres: 0.13
  • New Construction: No
  • Year Built: 1964
  • Lot Size Sq Ft: 5663
  • Directions to Property: Take S Bronough St, S Adams St and Magnolia Dr to Dantzler Dr Turn lft onto S Bronough St Turn lft onto Magnolia Dr Turn rght onto Dantzler Dr Turn lft onto Wallis St Turn rght onto King St Destination will be on the rght
  • Status: Sold
  • Unit Count: 7
  • Total Acreage: 0 to less than 1/4
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 1.00182
  • Price per Sq Ft: 35.12
  • Close to Original List Price Ratio: 1.00182
  • View: No
  • Ownership: Other
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 2450
  • Number Of Buildings: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12073C0292F

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Driveway, None
  • Open Parking: No

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Sidewalk
  • Association: No
  • Senior Community: No
  • Deposits Y N: Yes
  • Association Fee Requirement: None

Lot Info

  • Zoning: CU-26
  • Parcel Number: 31-07-60-000-009.0
  • Additional Parcels: No
  • Lot Dimensions: 1566x40
  • Flood Zone Code: X
  • Flood Zone Date: 2009-08-18
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Gross Income: 9840
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 631
  • Tax Block: 000
  • Tax Book Number: 4284/2201
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2018
Closed on
Feb 22, 2018
Sold by
Rock It Properties I Llc
Bought by
Car-Tac 2 Llc
Seller's Agent
James Villarroel
REALPRO INC
Buyer's Agent
James Villarroel
REALPRO INC
List Price
$54,900
Sold Price
$55,000
Premium/Discount to List
$100
0.18%
Current Estimated Value
$187,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,061
Avg. Annual Appreciation
17.24%
Original Mortgage
$42,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 5, 2018
Closed on
Feb 15, 2018
Sold by
Rock It Properties I Llc
Bought by
Car Tac 2 Llc
Seller's Agent
James Villarroel
REALPRO INC
Buyer's Agent
James Villarroel
REALPRO INC
List Price
$54,900
Sold Price
$55,000
Premium/Discount to List
$100
0.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 5, 2018
Closed on
Feb 6, 2018
Sold by
Simmons Scott A
Bought by
Rock It Properties I Llc
Seller's Agent
James Villarroel
REALPRO INC
Buyer's Agent
James Villarroel
REALPRO INC
List Price
$54,900
Sold Price
$55,000
Premium/Discount to List
$100
0.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 5, 2018
Closed on
Feb 1, 2018
Sold by
Simmons Scott A
Bought by
Rock It Properties I Llc
Seller's Agent
James Villarroel
REALPRO INC
Buyer's Agent
James Villarroel
REALPRO INC
List Price
$54,900
Sold Price
$55,000
Premium/Discount to List
$100
0.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2011
Sold by
Simmons Scott A
Bought by
Simmons Scott A
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
Car-Tac 2 Llc $52,000 None Listed On Document
Car Tac 2 Llc $52,000 Attorney
Rock It Properties I Llc $40,000 None Listed On Document
Rock It Properties I Llc $40,000 Attorney
Simmons Scott A -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Car-Tac 2 Llc $150,000
Closed Car-Tac 2 Llc $120,000
Closed Rock It Properties I Llc $42,000
Closed Rock It Properties I Llc $42,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2018 02/22/18 Sold $55,000 +0.2% $35 / Sq Ft
02/09/2018 02/09/18 Pending -- -- --
02/05/2018 02/05/18 For Sale $54,900 -- $35 / Sq Ft
Source: Stellar MLS

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 $1,869 $119,279 $35,000 $84,279
2023 $1,657 $80,505 $0 $0
2022 $1,411 $79,753 $20,000 $59,753
2021 $1,277 $66,533 $15,000 $51,533
2020 $1,258 $66,533 $15,000 $51,533
2019 $1,321 $69,085 $20,000 $49,085
2018 $637 $33,040 $7,500 $25,540
2017 $631 $32,302 $0 $0
2016 $616 $31,130 $0 $0
2015 $1,353 $33,320 $0 $0
2014 $1,353 $67,864 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    James Villarroel

    REALPRO INC

    (954) 999-2895

    21 Total Sales

    James Villarroel
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Map

Source: Stellar MLS

MLS Number: N5916316

Stellar MLS

APN: 31-07-60-000-009.0

Florida Leon County Tallahassee 32301 South City

2450 King St Unit A, Tallahassee, FL

This home is located at 2450 King St Unit A, Tallahassee, FL 32301 since 05 February 2018 and is currently estimated at $187,061, approximately $119 per square foot. This property was built in 1964. 2450 King St Unit A is a home located in Leon County with nearby schools including Bond Elementary School, Elizabeth Cobb Middle School, and James Rickards 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.

Stellar MLS 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.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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