NOT LISTED FOR SALE

305 Broward St Unit 6 Tallahassee, FL 32301

Magnolia Neighborhood

Estimated Value: $558,000 - $700,000

5 Beds
5 Baths
4,542 Sq Ft
$135/Sq Ft Est. Value

Last Sold November 16, 2022

Last sale price $500,000 $110 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,037/month

22 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Washer and Dryer
  • Brick Front
  • Ceiling Fan

About This Home

As of November 2022

Walking distance to Cascades Park. Income generating property with long-term tenants in place. Perfect for an Air B&B or short-term rentals. Enjoy downtown living near restaurants, shops, & lots of activities. Close to hospitals, the Capitol & FSU/FAMU. Make this real property investment your's! All dimensions need to be verified by buyer. Downstairs end units have sunrooms & upstairs units have balconies.

Last Agent to Sell the Property

Elizabeth Ekk

Ekk Realty Group License #3247960 Listed on: 06/20/2022

Last Buyer's Agent

Susan Ice

Hill Spooner & Elliott Inc License #546585

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,514

Year Built

  • Built in 1959

Lot Details

  • 0.4

Parking

  • Unassigned Parking

Home Design

  • Brick Front

Interior Spaces

  • 4,542 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Range
  • Washer and Dryer

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Schools

  • Hartsfield Elementary School
  • Fairview Middle School
  • Rickards High School

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted To A Wall/Window

Community Details

  • Magnolia Addition Subdivision

Listing and Financial Details

  • Legal Lot and Block 1&3 / D
  • Assessor Parcel Number 12073-11-31-60- D-001-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,514

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Inside Capital Circle: Yes
  • Lot: 1&3
  • Sold Price Per Sq Ft: 110.08
  • Subdivision: Magnolia Addition
  • Tax Database Id: 9
  • Tax Item Number: 113160 D0010
  • Type: Multi-Family
  • L V T Date: 06/20/2022
  • Street Designation: Street
  • Total Sq Ft: 4542
  • Year Built: 1959
  • Directions: Apalachee Pkway headed E-R on Broward
  • Elementary School: HARTSFIELD
  • Geo Longitude: -84.270109
  • High School: RICKARDS
  • Middle School: FAIRVIEW
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic/Clay, Vinyl
  • Equipment: Range, Refrigerator, Wash/Dry Some
  • Floor Plan: Story - Two plus
  • Living Area Description: Units Vary
  • Other Rooms: Units Vary

Exterior Features

  • Construction: Brick 1 or 2 Sides

Garage/Parking

  • Parking: Area - Unassigned

Utilities

  • Heating: Central, Electric
  • Cooling: Central, Electric, Fans - Ceiling, Window/Wall

Condo/Co-op/Association

  • Unit: 6

Schools

  • Elementary School: HARTSFIELD
  • Middle School: FAIRVIEW
  • High School: RICKARDS

Lot Info

  • Lot Dimensions: 190x113x127x104
  • Geo Subdivision: FL

Rental Info

  • Lease Terms: Units Vary

Multi Family

  • Operating Exp Accuracy: Owner Provided
  • Units: 6

Tax Info

  • Assessor Parcel Number: 12073-11-31-60- D-001-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2022
Closed on
Nov 7, 2022
Sold by
Stone Judith Ann Magnell
Bought by
Market Rate Rentals Llc
Seller's Agent
Elizabeth Ekk
Ekk Realty Group
Buyer's Agent
Susan Ice
Hill Spooner & Elliott Inc
List Price
$575,000
Sold Price
$500,000
Premium/Discount to List
-$75,000
-13.04%
Total Days on Market
22
Views
16
Current Estimated Value
$612,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,303
Avg. Annual Appreciation
8.07%
Original Mortgage
$520,000
Outstanding Balance
$94,332
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$517,971

Purchase Details

Closed on
Jul 11, 2022
Sold by
Elmer P Magnell Irrevocable Trust
Bought by
Stone Judith Ann Magnell and Ridner Constance Magnell

Purchase Details

Closed on
Jul 11, 1975
Sold by
Leona J Magnell Revocable Trust
Bought by
Stone Judith Ann Magnell and Ridner Constance Magnell
Source: Public Records

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Range of Values:

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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
Market Rate Rentals Llc $500,000 Owen Title
Stone Judith Ann Magnell -- None Listed On Document
Stone Judith Ann Magnell -- King & Wood Pa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Market Rate Rentals Llc $520,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2022 11/16/22 Sold $500,000 -13.0% $110 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
06/20/2022 06/20/22 For Sale $575,000 -- $127 / 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 $7,514 $390,573 $70,000 $320,573
2023 $7,176 $370,859 $70,000 $300,859
2022 $5,105 $277,536 $40,000 $237,536
2021 $5,105 $244,941 $40,000 $204,941
2020 $4,631 $244,941 $40,000 $204,941
2019 $4,496 $235,240 $40,000 $195,240
2018 $4,326 $224,257 $40,000 $184,257
2017 $4,320 $221,263 $0 $0
2016 $4,251 $214,661 $0 $0
2015 $4,334 $209,030 $0 $0
2014 $4,334 $217,384 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Ekk

    Seller's Agent in 2022

    Elizabeth Ekk

    Ekk Realty Group

    (850) 567-3455

    2 in this area

    241 Total Sales

    Elizabeth Ekk
    Section Image
  • Susan Ice

    Buyer's Agent in 2022

    Susan Ice

    Hill Spooner & Elliott Inc

    (850) 545-7015

    1 in this area

    109 Total Sales

    Susan Ice
    Section Image
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Map

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

MLS Number: 347719

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

APN: 11-31-60-00D-001.0

Florida Leon County Tallahassee 32301 Magnolia

305 Broward St Unit 6, Tallahassee, FL

This home is located at 305 Broward St Unit 6, Tallahassee, FL 32301 since 20 June 2022 and is currently estimated at $612,303, approximately $134 per square foot. This property was built in 1959. 305 Broward St Unit 6 is a home located in Leon County with nearby schools including Frank Hartsfield Elementary School, Fairview Middle School, and James Rickards High School.

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