NOT LISTED FOR SALE

2503 Balsam Terrace Tallahassee, FL 32303

North Tallahassee Neighborhood

Estimated Value: $246,259 - $264,000

4 Beds
2 Baths
1,631 Sq Ft
$155/Sq Ft Est. Value

Last Sold December 13, 2019

Last sale price $167,000 $102 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,688/month

33 Days on Market

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Tile Flooring
  • Leon High School Rated A
  • Formal Dining Room
  • 1-Story Property

About This Home

As of December 2019

Updated 4 Bedroom 2 Bath corner lot home. Perfect starter home for the First Time Home Buyer or investor. New granite countertops and fresh paint throughout. Home is solid and in great shape. Close to shopping, restaurants, entertainment, and I-10 for easy commuting.

Last Agent to Sell the Property

DeQuan Grignon

Paul Lizet Realty Group, LLC License #3325934 Listed on: 10/17/2019

Last Buyer's Agent

Levi Fortner

Xcellence Realty License #3386934

Xcellence Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,441

Year Built

  • Built in 1968

Lot Details

  • 0.4 Acre Lot
  • Partially Fenced Property

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Brick Front

Interior Spaces

  • 1,631 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Separate Formal Living Room
  • Formal Dining Room

Kitchen

  • Oven
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Ruediger Elementary School
  • Griffin Middle School
  • Leon High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Terrence Heights Subdivision

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 12073-21-23-70- N-007-0

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,441

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Class: Residential
  • Inside Capital Circle: Yes
  • Lot: 7
  • Miscellaneous: Fenced - Partial
  • Road Frontage Type: Maint - Gvt., Street Lights
  • Sold Price Per Sq Ft: 102.39
  • Style Exterior: Traditional/Classical
  • Subdivision: TERRENCE HEIGHTS
  • Subdivision Unit: 2
  • Tax Database Id: 9
  • Tax Item Number: 212370 N0070
  • Type: Detached Single Family
  • L V T Date: 10/17/2019
  • Street Designation: Terrace
  • Number Of Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Estimated Sq Ft: 1631
  • Year Built: 1968
  • Directions: North Monroe to left on Balsam. On the corner of Balsam and Tupelo
  • Elementary School: RUEDIGER
  • Geo Longitude: -84.298886
  • High School: LEON
  • Middle School: GRIFFIN
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Tile
  • Equipment: Dishwasher, Microwave, Oven(s), Refrigerator, Stove
  • Floor Plan: Story - One
  • Kitchen Dim: 8x9
  • Living Area Description: Separate Dining Room, Separate Kitchen, Separate Living Room
  • Master Bedroom Dim: 12x11

Exterior Features

  • Construction: Brick 1 or 2 Sides
  • Number Of Acres: 0.4

Garage/Parking

  • Garage: Driveway Only

Utilities

  • Heating: Central, Electric
  • Cooling: Central, Electric, Fans - Ceiling
  • Water Heater: Gas
  • Utility Provider: COT: Gas, COT: Electric, COT: Water, COT: Sewer

Schools

  • Elementary School: RUEDIGER
  • Middle School: GRIFFIN
  • High School: LEON

Lot Info

  • Lot Dimensions: 150x170
  • Geo Subdivision: FL

Tax Info

  • Assessor Parcel Number: 12073-21-23-70- N-007-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2019
Closed on
Dec 13, 2019
Sold by
Majestic Re Ventures Llc
Bought by
Joslyn Savannah Nicole
Seller's Agent
DeQuan Grignon
Paul Lizet Realty Group, LLC
Buyer's Agent
Levi Fortner
Xcellence Realty
List Price
$169,500
Sold Price
$167,000
Premium/Discount to List
-$2,500
-1.47%
Current Estimated Value
$253,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,565
Avg. Annual Appreciation
7.90%
Original Mortgage
$167,000
Outstanding Balance
$149,077
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$107,571

Purchase Details

Closed on
Aug 30, 2019
Sold by
Johnson Eric
Bought by
Majestic Re Ventures Llc

Purchase Details

Closed on
Jan 28, 2011
Sold by
Gormly Donald and Norman Katherine S
Bought by
Johnson Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,190
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 1, 2004
Sold by
Leonard William and Davis Virginia Leonard
Bought by
Gormly Donald and Stich Katherine F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,100
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Joslyn Savannah Nicole $167,000 North Florida Title Co
Majestic Re Ventures Llc $132,500 Hayward Title Group
Johnson Eric $127,500 Attorney
Gormly Donald $109,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joslyn Savannah Nicole $167,000
Previous Owner Johnson Eric $108,000
Previous Owner Johnson Eric $125,190
Previous Owner Gormly Donald $98,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2019 12/13/19 Sold $167,000 -1.5% $102 / Sq Ft
11/20/2019 11/20/19 Pending -- -- --
10/17/2019 10/17/19 For Sale $169,500 -- $104 / 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 $3,441 $185,539 $40,000 $145,539
2023 $3,170 $160,246 $0 $0
2022 $2,736 $145,678 $30,000 $115,678
2021 $2,597 $135,321 $30,000 $105,321
2020 $2,344 $123,972 $25,500 $98,472
2019 $2,261 $118,313 $25,500 $92,813
2018 $2,198 $113,923 $25,500 $88,423
2017 $2,097 $107,421 $0 $0
2016 $2,067 $104,392 $0 $0
2015 $1,865 $100,665 $0 $0
2014 $1,865 $93,542 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • DeQuan Grignon

    Seller's Agent in 2019

    DeQuan Grignon

    Paul Lizet Realty Group, LLC

    (850) 792-4060

    23 Total Sales

    Section Image

  • L

    Buyer's Agent in 2019

    Levi Fortner

    Xcellence Realty

    Section Image

  • J

    Buyer Co-Listing Agent in 2019

    Jordan Nall

    Xcellence Realty

    Section Image
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Map

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

MLS Number: 312079

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

APN: 21-23-70-00N-007.0

Florida Leon County Tallahassee 32303 North Tallahassee

2503 Balsam Terrace, Tallahassee, FL

This home is located at 2503 Balsam Terrace, Tallahassee, FL 32303 since 17 October 2019 and is currently estimated at $253,565, approximately $155 per square foot. This property was built in 1968. 2503 Balsam Terrace is a home located in Leon County with nearby schools including Ruediger Elementary School, Griffin Middle School, and Leon 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.
Information is deemed reliable but not guaranteed.

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