$312,000
SOLD AUG 2, 2024

302 Vantage Point Ln Unit 16, 17, 18 Tallahassee, FL 32301

Magnolia Neighborhood
3 Beds
12 Baths
2,208 Sq Ft
1978 Built

Recently Sold

$141 Per Sq Ft

4% Below List Price

176 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Combination Kitchen and Dining Room
  • Leon High School Rated A
  • Central Heating and Cooling System
  • 3-minute walk to Barnette and Sally Allen Nature Preserve

About This Home

As of August 2024

Gray and white pictures are digital renderings of what the exterior could look like painted. Welcome to a rare investment in the heart of Tallahassee! This triplex, one of five available for sale, offers a prime opportunity for investors looking for already stable rental income. Each unit is a 1-bedroom, 1-bathroom, currently rented below market rate at $750-$900 per month. Rents can be in the $1000-$1100 range with some upgrades. The future owner can benefit from existing leases while having the option to increase rental rates over time. The affordable rental rates make these units highly attractive to a wide range of tenants, always ensuring low vacancy rates. Situated in a desirable neighborhood right off Park Ave and Magnolia, tenants enjoy close proximity to local restaurants, parks, and entertainment.

Last Agent to Sell the Property

Jason Naumann

The Naumann Group Real Estate License #642623 Listed on: 01/15/2024

The Naumann Group Real Estate

Co-Listed By

Cole Davis

The Naumann Group Real Estate License #3357739

Last Buyer's Agent

Devin Odom

Frog Real Estate Company, LLC License #3525166

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Parking

  • On-Street Parking

Home Design

  • Frame Construction

Interior Spaces

  • 2,208 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Combination Kitchen and Dining Room
  • Utility Room
  • Washer and Dryer

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Schools

  • Hartsfield Elementary School
  • Cobb Middle School
  • Leon High School

Additional Features

  • Deck
  • Central Heating and Cooling System

Community Details

  • Vantage Point Unrec Subdivision

Listing and Financial Details

  • The owner pays for lawn maintenance
  • Tax Lot 12
  • Assessor Parcel Number 12073-11-31-19-000-012-0

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Inside Capital Circle: Yes
  • Lot: 12
  • Sold Price Per Sq Ft: 141.3
  • Subdivision: Vantage Point Unrec
  • Tax Database Id: 9
  • Tax Item Number: 1131190000120
  • Type: Multi-Family
  • Miscellaneous Items: Deck, Units Vary
  • L V T Date: 01/15/2024
  • Street Designation: Lane
  • Total Sq Ft: 2208
  • Year Built: 1978
  • Directions: Magnolia to Hays Street (West side of Magnolia), right on on Smith Street, Right on Vantage Point Ln
  • Elementary School: HARTSFIELD
  • Geo Longitude: -84.264345
  • High School: LEON
  • Middle School: COBB
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl, Wood
  • Equipment: Dishwasher, Disposal, Range, Refrigerator, Wash/Dry All
  • Floor Plan: Story - Two plus
  • Living Area Description: Kitchen/Din Rm/Liv Room
  • Other Rooms: Utility Room - Inside, Units Vary

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking: On Street

Utilities

  • Heating: Central, Electric
  • Cooling: Central, Electric, Fans - Ceiling

Condo/Co-op/Association

  • Unit: Apt 16, 17, 18

Schools

  • Elementary School: HARTSFIELD
  • Middle School: COBB
  • High School: LEON

Lot Info

  • Lot Dimensions: 205x77x205x77
  • Geo Subdivision: FL

Rental Info

  • Lease Terms: 1 Year
  • Tenants Rent Includes: Lawn Maintenance

Multi Family

  • Operating Exp Accuracy: Information Limited
  • Owners Expenses: Insurance, Maintenance/Repairs
  • Units: 3
  • Vacancy: 0%

Tax Info

  • Assessor Parcel Number: 12073-11-31-19-000-012-0

Range of Values:

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Average Value
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Sold Price
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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
08/02/2024 08/02/24 Sold $312,000 -4.0% $141 / Sq Ft
07/10/2024 07/10/24 Pending -- -- --
01/15/2024 01/15/24 For Sale $325,000 -- $147 / 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

  • Jason Naumann

    Seller's Agent in 2024

    Jason Naumann

    The Naumann Group

    (850) 933-0328

    7 in this area

    267 Total Sales

    Jason Naumann
    Section Image
  • Cole Davis

    Seller Co-Listing Agent in 2024

    Cole Davis

    The Naumann Group

    (850) 545-2111

    7 in this area

    196 Total Sales

    Cole Davis
    Section Image

  • D

    Buyer's Agent in 2024

    Devin Odom

    Frog Real Estate Company, LLC

    (850) 212-2673

    6 in this area

    35 Total Sales

    Devin Odom
    Section Image
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Map

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

MLS Number: 367425

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

Florida Leon County Tallahassee 32301 Magnolia

302 Vantage Point Ln Unit 16, 17, 18, Tallahassee, FL

This home is located at 302 Vantage Point Ln Unit 16, 17, 18, Tallahassee, FL 32301 and is currently priced at $312,000, approximately $141 per square foot. This property was built in 1978. 302 Vantage Point Ln Unit 16, 17, 18 is a home located in Leon County with nearby schools including Frank Hartsfield Elementary School, Elizabeth Cobb 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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