NOT LISTED FOR SALE

438 Belmont Rd Unit 1 - 4 Tallahassee, FL 32301

Governor's Square Neighborhood

Estimated Value: $220,000 - $578,000

8 Beds
4 Baths
3,472 Sq Ft
$129/Sq Ft Est. Value

Last Sold August 10, 2018

Last sale price $287,650 $83 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,960/month

83 Days on Market

Highlights

  • Great Room
  • Patio
  • Central Heating and Cooling System
  • Eat-In Kitchen
  • Three Sided Brick Exterior Elevation
  • Ceiling Fan

About This Home

As of August 2018

Awesome investment property in a great location. These units lease themselves. All were renovated in 2015 and offer new kitchen cabinets and counter tops, stainless steel appliances including built-in microwave, washer and dryers, flooring (3 years), new windows, HVAC units, all tubs have been re-glazed, etc. Awesome investment property. Exterior paint December 2017. 100% occupied with annual leases and security deposits. Financials available for review upon signing confidentiality agreement. Please call listing agent for more information or to schedule a showing.

Last Agent to Sell the Property

Shannon Boyd

KBM Real Estate & Property Man License #624522 Listed on: 02/21/2018

Last Buyer's Agent

George Case

Xcellence Realty License #3321910

Xcellence Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,051

Year Built

  • Built in 1971

Lot Details

  • 10,019

HOA Fees

  • $14 Monthly HOA Fees

Parking

  • Unassigned Parking

Home Design

  • Siding
  • Three Sided Brick Exterior Elevation

Interior Spaces

  • 3,472 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Great Room
  • Fire and Smoke Detector
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Schools

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

Additional Features

  • Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for pest control
  • Legal Lot and Block 21 / A

Community Details

Overview

  • Belmont Square Subdivision

Building Details

  • Gross Income $31,200
  • Net Operating Income $22,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,051

Year Built

Built in 1971

Lot Details

0

HOA Fees

$14 per month

Listing Details

  • Class: Multi-Family
  • Inside Capital Circle: Yes
  • Lot: 21
  • Sold Price Per Sq Ft: 82.85
  • Subdivision: Belmont Square
  • Tax Item Number: 113168A0210
  • Type: Multi-Family
  • Miscellaneous Items: Patio - Common
  • Street Designation: Road
  • Total Sq Ft: 3472
  • Year Built: 1971
  • Directions: Park Ave to Belmont. Unit on left before the curve.
  • Elementary School: HARTSFIELD
  • Geo Longitude: -84.2585876499985
  • High School: RICKARDS
  • Middle School: FAIRVIEW
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Equipment: Dishwasher, Disposal, Microwave, Range, Refrigerator, Smoke Detector, Wash/Dry All
  • Floor Plan: Story - Two plus
  • Living Area Description: Great Room, Kitchen - Eat In

Exterior Features

  • Construction: Brick 3 Sides, Siding - Fiber Cement

Garage/Parking

  • Parking: Area - Unassigned

Utilities

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

Condo/Co-op/Association

  • Unit: 1 - 4
  • Home Owner Feeannual: 162

Schools

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

Lot Info

  • Lot Dimensions: 130x80
  • Geo Subdivision: FL

Rental Info

  • Lease Terms: 1 Year
  • Tenants Rent Includes: Pest Control

Multi Family

  • Expenses: 9200
  • Gross Income: 31200
  • Net Income: 22000
  • Operating Exp Accuracy: Books Avail w/Contract, Owner Provided
  • Owners Expenses: Insurance, Legal/Accounting, Maintenance/Repairs, Pest Control, Taxes, Trash/Garbage, Utilities, Water/Sewer
  • Units: 4

Tax Info

  • Taxes: 3379

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2020
Sold by
Thurston David Paul
Bought by
Case Grete M and Case George I
Current Estimated Value
$461,207

Purchase Details

Listed on
Feb 21, 2018
Closed on
Aug 10, 2018
Sold by
Belmyers Llc
Bought by
Thurston David Paul
Seller's Agent
Shannon Boyd
KBM Real Estate & Property Man
Buyer's Agent
George Case
Xcellence Realty
List Price
$299,900
Sold Price
$287,650
Premium/Discount to List
-$12,250
-4.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%
Original Mortgage
$282,439
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 1, 2014
Sold by
Centennial Bank
Bought by
Belmyers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
3.95%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 24, 2014
Sold by
Rosen Peter S and Case #2013 Ca 001449
Bought by
Centennial Bank

Purchase Details

Closed on
Jan 9, 2007
Sold by
Gold Jason
Bought by
Rosen Peter S and Rosen Michael L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,400
Interest Rate
6.08%
Mortgage Type
Commercial
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
Case Grete M $310,000 Attorney
Thurston David Paul $287,700 North Florida Title Co
Belmyers Llc $655,600 Attorney
Centennial Bank $2,000 None Available
Rosen Peter S -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thurston David Paul $282,439
Previous Owner Belmyers Llc $620,000
Previous Owner Rosen Peter S $194,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2018 08/10/18 Sold $287,650 -4.1% $83 / Sq Ft
05/16/2018 05/16/18 Pending -- -- --
02/21/2018 02/21/18 For Sale $299,900 -- $86 / 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 $5,051 $281,453 $60,000 $221,453
2023 $4,670 $232,001 $0 $0
2022 $3,988 $215,821 $40,000 $175,821
2021 $3,680 $191,736 $40,000 $151,736
2020 $3,625 $191,737 $40,000 $151,737
2019 $3,528 $184,568 $40,000 $144,568
2018 $3,404 $176,453 $40,000 $136,453
2017 $3,405 $174,435 $0 $0
2016 $3,379 $170,658 $0 $0
2015 $3,294 $165,201 $0 $0
2014 $3,294 $165,201 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Shannon Boyd

    Seller's Agent in 2018

    Shannon Boyd

    KBM Real Estate & Property Man

    (850) 545-5474

    6 Total Sales

    Section Image
  • George Case

    Buyer's Agent in 2018

    George Case

    Xcellence Realty

    (850) 524-6750

    2 in this area

    25 Total Sales

    Section Image
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Map

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

MLS Number: 290326

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

APN: 11-31-68-00A-021.0

Florida Leon County Tallahassee 32301 Governor's Square

438 Belmont Rd Unit 1 - 4, Tallahassee, FL

This home is located at 438 Belmont Rd Unit 1 - 4, Tallahassee, FL 32301 since 21 February 2018 and is currently estimated at $449,203, approximately $129 per square foot. This property was built in 1971. 438 Belmont Rd Unit 1 - 4 is a home located in Leon County with nearby schools including Frank Hartsfield Elementary School, 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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