NOT LISTED FOR SALE

425 W College Ave Tallahassee, FL 32301

University Neighborhood

Estimated Value: $1,368,000 - $1,873,000

15 Beds
12 Baths
6,354 Sq Ft
$247/Sq Ft Est. Value

Last Sold March 20, 2023

Last sale price $1,595,000 $251 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $8,857/month

12 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Ground Level Unit
  • Leon High School Rated A
  • End Unit
  • Screened Porch

About This Home

As of March 2023

Rare opportunity to own an amazing investment property just steps away from FSU Campus and the Wescott Fountain! Superior location! 1 parcel with 2 income producing buildings. All units are currently leased and occupied. 2-story house has 6 bedrooms and 3 bathrooms. Floorplan offers living room, kitchen, laundry room, covered deck, wood-look flooring, tile and carpet. 2-story tri-plex (3 units) each with 3 bedrooms, 3 bathrooms, living room and kitchen, carpet and tile flooring. This fantastic property won’t last long! *Room measurements, sqft, and acreage to be verified by Buyer.*

Last Agent to Sell the Property

Hettie Spooner

Hill Spooner & Elliott Inc License #642753 Listed on: 02/13/2023

Last Buyer's Agent

NON MEMBER

Tallahassee Board of REALTORS®

Tallahassee Board of REALTORS®

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,304

Year Built

  • Built in 1950

Lot Details

  • 10,019

Home Design

  • Aluminum Siding
  • Brick Front

Interior Spaces

  • Walk-In Closet
  • 6,354 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace
  • Family Room Off Kitchen
  • Screened Porch
  • Utility Room

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • On-Street Parking
  • Unassigned Parking

Outdoor Features

  • Deck
  • Patio

Location

  • Ground Level Unit
  • Interior Unit

Schools

  • Bond Elementary School
  • Raa Middle School
  • Leon High School

Additional Features

  • End Unit
  • Central Heating and Cooling System

Community Details

  • North Half County Quarter Subdivision

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 12073-21-36-80-012-714-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,304

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Inside Capital Circle: Yes
  • Lot: 12
  • Sold Price Per Sq Ft: 251.02
  • Subdivision: NORTH HALF COUNTY QUARTER
  • Tax Database Id: 9
  • Tax Item Number: 2136800127140
  • Type: Multi-Family
  • Miscellaneous Items: Deck, Patio - Common, Units Vary
  • L V T Date: 02/13/2023
  • Street Designation: Avenue
  • Total Sq Ft: 6354
  • Year Built: 1950
  • Directions: West on Tennessee, L on Macomb, L on College, house on right (3 buildings East of Potbelly's)
  • Elementary School: BOND
  • Geo Longitude: -84.287068
  • High School: LEON
  • Middle School: RAA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic/Clay, Wood, Units Vary
  • Equipment: Dishwasher, Microwave, Range, Refrigerator, Units Vary
  • Fireplace: Yes
  • Floor Plan: Story - Two plus, Unit - End, Unit - Ground Floor, Unit - Interior
  • Living Area Description: Kitchen with Bar, Kitchen/Family Room, Units Vary
  • Other Rooms: Pantry, Screened Porch, Utility Room - Inside, Walk in Closet, Units Vary

Exterior Features

  • Construction: Brick 1 or 2 Sides, Siding - Aluminum

Garage/Parking

  • Parking: Area - Unassigned, On Street

Utilities

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

Schools

  • Elementary School: BOND
  • Middle School: RAA
  • High School: LEON

Lot Info

  • Lot Dimensions: 57x171x58x171
  • Geo Subdivision: FL

Rental Info

  • Lease Terms: 1 Year, 2 Years

Multi Family

  • Operating Exp Accuracy: Books Avail w/Contract
  • Owners Expenses: Taxes
  • Units: 4

Tax Info

  • Taxes: 11087
  • Assessor Parcel Number: 12073-21-36-80-012-714-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2023
Closed on
Mar 16, 2023
Sold by
Jab Investments Llc
Bought by
Phoenix Management Lc
Seller's Agent
Hettie Spooner
Hill Spooner & Elliott Inc
Buyer's Agent
NON MEMBER
Tallahassee Board of REALTORS®
List Price
$1,195,000
Sold Price
$1,595,000
Premium/Discount to List
$400,000
33.47%
Views
114
Current Estimated Value
$1,400,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$194,988
Avg. Annual Appreciation
-4.83%
Original Mortgage
$2,552,000
Outstanding Balance
$2,406,730
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
-$989,110

Purchase Details

Closed on
Mar 19, 2003
Sold by
Steiner & Sons Family Ptnr Ltd
Bought by
J A B Inv L L C

Purchase Details

Closed on
Feb 19, 2002
Sold by
Pope Bros L C
Bought by
Steiner James R and Steiner James R

Purchase Details

Closed on
Aug 13, 2001
Sold by
Thompson E C and Thompson Ernest C
Bought by
Pope Brothers L C
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
Phoenix Management Lc $1,595,000 --
J A B Inv L L C $237,000 --
Steiner & Sons Family Ptnr Ltd -- --
Steiner James R $217,000 --
Pope Brothers L C $500,011 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phoenix Management Lc $2,552,000
Previous Owner J A B Inv L L C $476,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2023 03/20/23 Sold $1,595,000 +33.5% $251 / Sq Ft
02/26/2023 02/26/23 Pending -- -- --
02/13/2023 02/13/23 For Sale $1,195,000 0.0% $188 / Sq Ft
05/01/2021 05/01/21 Rented $3,795 +5.4% --
09/11/2020 09/11/20 Price Changed $3,600 -17.2% $2 / Sq Ft
08/07/2020 08/07/20 Rented $4,350 +11.5% --
08/06/2020 08/06/20 Price Changed $3,900 -7.1% $2 / Sq Ft
07/22/2020 07/22/20 Price Changed $4,200 -4.0% $2 / Sq Ft
07/01/2020 07/01/20 Price Changed $4,375 0.0% $2 / Sq Ft
07/01/2020 07/01/20 For Rent $4,375 0.0% --
02/24/2020 02/24/20 For Rent $4,375 +4.2% --
08/01/2019 08/01/19 Rented $4,200 0.0% --
04/16/2019 04/16/19 For Rent $4,200 0.0% --
05/17/2018 05/17/18 Rented $4,200 +16.7% --
05/04/2018 05/04/18 Price Changed $3,600 -7.7% $2 / Sq Ft
04/15/2018 04/15/18 For Rent $3,900 -- --
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 $14,304 $743,518 $250,475 $493,043
2023 $12,673 $643,979 $0 $0
2022 $11,087 $602,062 $220,418 $381,644
2021 $10,216 $532,214 $200,380 $331,834
2020 $9,977 $534,977 $200,380 $334,597
2019 $9,110 $476,616 $155,295 $321,321
2018 $8,892 $460,936 $155,295 $305,641
2017 $8,832 $452,375 $0 $0
2016 $8,825 $445,690 $0 $0
2015 $7,858 $416,409 $0 $0
2014 $7,858 $394,136 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Hettie Spooner

    Seller's Agent in 2023

    Hettie Spooner

    Hill Spooner & Elliott Inc

    (850) 509-4337

    9 in this area

    359 Total Sales

    Section Image

  • N

    Buyer's Agent in 2023

    NON MEMBER

    FL_TBRMLS

    Section Image
  • Patrick Darden

    Seller's Agent in 2021

    Patrick Darden

    TLH Realty Inc.

    (850) 906-0800

    24 in this area

    148 Total Sales

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Map

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

MLS Number: 355389

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

APN: 21-36-80-012-714.0

Florida Leon County Tallahassee 32301 University

425 W College Ave, Tallahassee, FL

This home is located at 425 W College Ave, Tallahassee, FL 32301 since 13 February 2023 and is currently estimated at $1,568,273, approximately $246 per square foot. This property was built in 1950. 425 W College Ave is a home located in Leon County with nearby schools including Bond Elementary School, Augusta Raa 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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