$615,000
SOLD DEC 20, 2024

2925 Par Ln Unit A, B, C, D Tallahassee, FL 32301

Hilaman Neighborhood
-- Bed
-- Bath
3,712 Sq Ft
1979 Built

Recently Sold

$166 Per Sq Ft

1% Below List Price

216 Days on Market

Highlights

  • Screened Porch
  • Central Heating and Cooling System
  • Vinyl Flooring
  • Screened Patio

About This Home

As of December 2024

Great Investment Opportunity! Well maintained Quadraplex on golf course in high demand area with additional land for building more units! Fully rented and currently bringing in $54,480 annual rental income. Current rents range from $1050 to $1220, but market rents are between $1200 to $1300 a month, so there is room to raise rents. Seller possibly willing to sell the quadraplex without the additional land for $579,000. Stunning views of the water on Hilaman Golf Course and a central location close to downtown, shopping state offices, parks, and more make this property easy to rent for top dollar! Each unit has 2bedrooms and 2 full baths. Units are in good shape. Various updates including all solid surface flooring, have been made over the years. Property is zoned MR-1 allowing up to 20 units per acre. Lot size of property is 0.65 acres so there is potential to build another 4 to 8 units. Seller has feasibility study and scope of work for building additional units which can be provided upon request. Quadraplex is technically 4 individually parceled condos that are being sold together. Each unit and additional land has it's own parcel I.D.

Last Agent to Sell the Property

Robert Nahoom

Amac Real Estate Co. License #3184755 Listed on: 04/12/2024

Last Buyer's Agent

Meridee Escalera

Destination Real Estate Corp License #3115588

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,180

Year Built

  • Built in 1979

Parking

  • Unassigned Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Screened Porch

Kitchen

  • Range
  • Dishwasher

Flooring

  • Laminate
  • Vinyl

Schools

  • Conley Elementary School
  • Fairview Middle School
  • Rickards High School

Additional Features

  • Screened Patio
  • Lot Dimensions are 158x205x152x175
  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Par 4 Condominiums Subdivision

Listing and Financial Details

  • The owner pays for insurance, management, pest control, repairs, taxes
  • Rent includes gardener, pest control
  • Assessor Parcel Number 12073-31-08-21-000-00A-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,180

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Year Built: 1979
  • Directions: From downtown go East on Apalachee Pkwy, Right on Right Blairstone, left on Kay until you hit Par
  • Elementary School: CONLEY ELEMENTARY
  • High School: RICKARDS
  • PropertySubType: Multi Family
  • PropertyType: Residential
  • Lot Size: 158x205x152x175
  • Appliances: Dishwasher, Range, Refrigerator
  • Subdivision Name: Par 4 Condominiums
  • Owner Name: North Florida Home Rental
  • Architectural Style: Two Story
  • ResoBuildingAreaSource: Assessor
  • Fireplace: No
  • Reso Interior Features: Pantry
  • Reso Parking Features: Unassigned
  • Reso Patio And Porch Features: Patio, Porch, Screened
  • Reso Room Type: Pantry, Screened Porch
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • PropertySubTypeAdditional: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Clay, Ceramic Tile, Laminate, Vinyl
  • Owner Pays: Insurance, Management, Other, Pest Control, Repairs, Taxes

Exterior Features

  • Pool Private: No
  • Home Warranty: No
  • Construction Materials: Brick, Other

Utilities

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

Condo/Co-op/Association

  • HOA Rent Includes: Gardener, Pest Control

Schools

  • Middle Or Junior School: FAIRVIEW

Lot Info

  • Land Lease Expiration Date: 2024-10-21
  • Parcel Number: 12073-31-08-21-000-00A-0

Rental Info

  • Lease Term: 12 Months

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4180.0
  • Tax Block: -
  • Tax Lot: -

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2024 12/20/24 Sold $615,000 0.0% $166 / Sq Ft
10/22/2024 10/22/24 Off Market $615,000 -- --
10/13/2024 10/13/24 For Sale $619,000 +0.7% $167 / Sq Ft
10/13/2024 10/13/24 Off Market $615,000 -- --
04/12/2024 04/12/24 For Sale $619,000 +89.3% $167 / Sq Ft
11/28/2017 11/28/17 Sold $327,000 -6.6% $88 / Sq Ft
09/05/2017 09/05/17 For Sale $350,000 -- $94 / Sq Ft
Source: Capital Area Technology & REALTOR® Services (Tallahassee Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Robert Nahoom

    Amac Real Estate Co.

    (850) 567-0037

    2 in this area

    132 Total Sales

    Robert Nahoom
    Section Image
  • Meridee Escalera

    Buyer's Agent in 2024

    Meridee Escalera

    Destination Real Estate Corp

    (850) 445-5129

    3 in this area

    196 Total Sales

    Meridee Escalera
    Section Image
  • John McLaughlin

    Seller's Agent in 2017

    John McLaughlin

    Canopy Road Realty

    (850) 296-2864

    37 Total Sales

    John McLaughlin
    Section Image

  • C

    Buyer's Agent in 2017

    Chris Chavez

    Hill Spooner & Elliott Inc

    (904) 734-3447

    Section Image
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Map

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

MLS Number: 370901

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

Florida Leon County Tallahassee 32301 Hilaman

2925 Par Ln Unit A, B, C, D, Tallahassee, FL

This home is located at 2925 Par Ln Unit A, B, C, D, Tallahassee, FL 32301 and is currently priced at $615,000, approximately $165 per square foot. This property was built in 1979. 2925 Par Ln Unit A, B, C, D is a home located in Leon County with nearby schools including J. Michael Conley Elementary School at Southwood, Fairview 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.

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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