NOT LISTED FOR SALE

640 Eugenia St Unit 204 Tallahassee, FL 32310

FAMU Neighborhood

Estimated Value: $164,000 - $275,764

3 Beds
3 Baths
1,449 Sq Ft
$150/Sq Ft Est. Value

Last Sold February 26, 2019

Last sale price $90,000 $62 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $1,342/month

178 Days on Market

Highlights

  • Breakfast Bar
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Leon High School Rated A
  • Brick Front
  • 4-minute walk to Capital Cascades Trail Playground

About This Home

As of February 2019

Buyer's Financing Fell Through, take advantage of this opportunity. Student Townhouse Rental by the Room. This property is bringing in $18,360/year and has recurring expense of only $5,288.75/yr covering lawn/pest control/insurance/utilities/cable-internet. This provides a great 9 CAP performing asset. Tenants are willing to renew for another year so that you can come in cash flowing. Incredible investment opportunity located on FAMU's Campus and minutes away from FSU. This property is also walking distance to FAMU Way, the Railroad shopping and dining district, a bike ride to Cascades Park and seconds from College Town. All 3 bedrooms have had perfect rental history. Countertops in kitchen and bathrooms have been updated with granite. Floors in main living area have been updated with laminate wood floors.

Last Agent to Sell the Property

Brian Sealey

Sealey Real Estate Solutions License #3092432 Listed on: 06/08/2018

Sealey Real Estate Solutions

Last Buyer's Agent

Brian Sealey

Sealey Real Estate Solutions License #3092432 Listed on: 06/08/2018

Sealey Real Estate Solutions

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,305

Lot Details

  • 1,307

Parking

  • Unassigned Parking

Home Design

  • Vinyl Siding
  • Brick Front

Interior Spaces

  • 1,449 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room
  • Fire and Smoke Detector
  • Washer and Dryer

Kitchen

  • Breakfast Bar
  • Range
  • Microwave

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Schools

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

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for all utilities, cable TV, electric, garbage/trash collection, internet, lawn maintenance, pest control, sewer, water
  • Assessor Parcel Number 12073-41-01-20-257-000-0

Community Details

Overview

  • Eugenia Townhome Subdivision

Building Details

  • Gross Income $18,360
  • Net Operating Income $13,072

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,305

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Inside Capital Circle: Yes
  • Sold Price Per Sq Ft: 62.11
  • Subdivision: Eugenia Townhome
  • Tax Database Id: 9
  • Tax Item Number: 4101202570000
  • Type: Multi-Family
  • Miscellaneous Items: Furnished - Partial
  • L V T Date: 06/08/2018
  • Street Designation: Street
  • Total Sq Ft: 1449
  • Directions: S. Macomb St becomes Rail Rd that becomes Wahnish, turn RT on Eugenia-Unit 204
  • Elementary School: BOND
  • Geo Longitude: -84.292777
  • High School: LEON
  • Middle School: RAA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic/Clay, Laminate
  • Equipment: Microwave, Range, Refrigerator, Smoke Detector, Wash/Dry Some
  • Floor Plan: Story - Two plus
  • Living Area Description: Kitchen with Bar, Living Room/Dining Room
  • Other Rooms: Units Vary

Exterior Features

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

Garage/Parking

  • Parking: Area - Unassigned

Utilities

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

Condo/Co-op/Association

  • Unit: 204

Schools

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

Lot Info

  • Lot Dimensions: 23x9
  • Geo Subdivision: FL

Rental Info

  • Lease Terms: 1 Year
  • Tenants Rent Includes: All Utilities, Cable TV, Electric, Garbage/Trash Collection, Internet, Lawn Maintenance, Pest Control, Sewer, Water

Multi Family

  • Capitalization Rate: 9
  • Expenses: 5288
  • Gross Income: 18360
  • Net Income: 13072
  • Operating Exp Accuracy: Owner Provided
  • Owners Expenses: Maintenance/Repairs, Pest Control, Taxes, Utilities, Water/Sewer
  • Units: 3

Tax Info

  • Assessor Parcel Number: 12073-41-01-20-257-000-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2020
Sold by
Thompson Glen Kevin and Thompson Cynthia Diane
Bought by
Ccsw Three Holdings Llc
Current Estimated Value
$210,015

Purchase Details

Closed on
May 14, 2020
Sold by
Thompson Glen and Thompson Cynthia Diane
Bought by
Thompson Glen and Thompson Cnthia Diane

Purchase Details

Listed on
Jun 8, 2018
Closed on
Feb 26, 2019
Sold by
Ford Torrey G
Bought by
Thompson Glen Kevin and Thompson Cynthia Diane
Seller's Agent
Brian Sealey
Sealey Real Estate Solutions
Buyer's Agent
Brian Sealey
Sealey Real Estate Solutions
List Price
$125,000
Sold Price
$90,000
Premium/Discount to List
-$35,000
-28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.22%

Purchase Details

Closed on
Dec 9, 2010
Sold by
Hsbc Bank Usa National Association
Bought by
Ford Torrey G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,280
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 4, 2010
Sold by
Esperant Renette B and Esperant Fequiere
Bought by
Hsbc Bank Usa National Association
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
Ccsw Three Holdings Llc -- Attorney
Thompson Glen -- Attorney
Thompson Glen Kevin $90,000 Attorney
Ford Torrey G $55,000 Rels Title
Hsbc Bank Usa National Association -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ford Torrey $7,500
Previous Owner Ford Torrey $13,000
Previous Owner Ford Torrey G $28,280
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2019 02/26/19 Sold $90,000 -14.3% $62 / Sq Ft
12/04/2018 12/04/18 Pending -- -- --
09/27/2018 09/27/18 Price Changed $105,000 -8.7% $72 / Sq Ft
08/25/2018 08/25/18 Price Changed $115,000 -8.0% $79 / Sq Ft
06/08/2018 06/08/18 For Sale $125,000 -- $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 $2,305 $141,354 $20,000 $121,354
2023 $2,079 $101,309 $0 $0
2022 $1,754 $96,505 $12,000 $84,505
2021 $1,607 $83,726 $10,000 $73,726
2020 $1,421 $75,142 $10,000 $65,142
2019 $1,151 $60,216 $10,000 $50,216
2018 $1,128 $58,475 $10,000 $48,475
2017 $1,114 $57,052 $0 $0
2016 $1,109 $55,991 $0 $0
2015 $530 $55,003 $0 $0
2014 $530 $54,236 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 294764

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

APN: 41-01-20-257-000.0