NOT LISTED FOR SALE

701 W Pensacola St Tallahassee, FL 32304

University Neighborhood

Estimated Value: $1,005,000 - $2,162,000

10 Beds
12 Baths
5,584 Sq Ft
$289/Sq Ft Est. Value

Last Sold November 09, 2015

Last sale price $850,000 $152 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $9,717/month

168 Days on Market

Highlights

  • Separate Formal Living Room
  • Home Security System
  • Central Heating and Cooling System
  • Leon High School Rated A
  • Ceramic Tile Flooring
  • Combination Kitchen and Dining Room

About This Home

As of November 2015

The offering includes Places on Pensacola Apartments at 701 Pensacola Street. It consists of two spacious 5-bedroom units featuring private parking spots, 10' ceilings, stainless steel appliances, meganite/corian counter tops, tile floors, wet bar, second living room, tankless water heater, walk-in closets, custom lighting and fixtures, and coastal craftsman style exterior. Project has had excellent rental history with 100% occupancy since it was built in 2010. Large, nicely appointed units that are new and have well appointed interiors make this easy to keep rented. Great investment opportunity!

Last Agent to Sell the Property

Wilson Dean

SVN/SouthLand Co License #3238134 Listed on: 05/25/2015

Last Buyer's Agent

Wilson Dean

SVN/SouthLand Co License #3238134 Listed on: 05/25/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,275

Year Built

  • Built in 2010

Lot Details

  • 6,578

Parking

  • Unassigned Parking

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 5,584 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Separate Formal Living Room
  • Combination Kitchen and Dining Room
  • Washer and Dryer

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Home Security

  • Home Security System
  • Fire and Smoke Detector

Schools

  • Riley Elementary School
  • Raa Middle School
  • Leon High School

Utilities

  • Central Heating and Cooling System

Community Details

  • Yeager Subdivision

Listing and Financial Details

  • The owner pays for lawn maintenance, pest control
  • Tax Lot 1
  • Assessor Parcel Number 12073-21-35-95-000-001-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,275

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Inside Capital Circle: Yes
  • Lot: 1
  • Metes Bounds: Yes
  • Sold Price Per Sq Ft: 152.22
  • Subdivision: Yeager
  • Tax Database Id: 9
  • Tax Item Number: 2135950000010
  • Type: Multi-Family
  • Street Designation: Street
  • Total Sq Ft: 5584
  • Year Built: 2010
  • Directions: West on Pen Street toward Stadium. Behind Southagate
  • Elementary School: RILEY
  • Geo Longitude: -84.2940368652344
  • High School: LEON
  • Middle School: RAA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Ceramic/Clay
  • Equipment: Dead Bolt, Dishwasher, Disposal, Fire Alarm, Microwave, Range, Refrig/Icemaker, Refrigerator, Security System, Smoke Detector, Wash/Dry All
  • Floor Plan: Story - Two plus
  • Living Area Description: Kitchen/Din Rm/Liv Room, Separate Living Room

Exterior Features

  • Construction: Frame, Siding - Vinyl

Garage/Parking

  • Parking: Area - Unassigned

Utilities

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

Lot Info

  • Lot Dimensions: 100x65
  • Geo Subdivision: FL

Rental Info

  • Tenants Rent Includes: Lawn Maintenance, Pest Control

Multi Family

  • Operating Exp Accuracy: Owner Provided
  • Owners Expenses: Advertising, Insurance, Legal/Accounting, Maintenance/Repairs, Pest Control
  • Units: 2

Tax Info

  • Assessor Parcel Number: 12073-21-35-95-000-001-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2024
Sold by
Crs Pensacola Llc
Bought by
701 Pensacola Street Llc
Current Estimated Value
$1,613,068

Purchase Details

Listed on
May 25, 2015
Closed on
Oct 1, 2015
Sold by
Pensacola Place Llc
Bought by
Crs Pensacola Llc
Seller's Agent
Wilson Dean
SVN/SouthLand Co
Buyer's Agent
Wilson Dean
SVN/SouthLand Co
List Price
$899,900
Sold Price
$850,000
Premium/Discount to List
-$49,900
-5.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.63%
Original Mortgage
$680,000
Interest Rate
3.97%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 17, 2014
Sold by
Places On Pensacola Llc
Bought by
Pensacola Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,750
Interest Rate
4.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 10, 2009
Sold by
Dean D Wilson and Dean Brittany
Bought by
Places On Pensacola Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
4.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 26, 2009
Sold by
Johnson Thomas R and Hall Christopher
Bought by
Dean D Wilson and Dean Brittany

Purchase Details

Closed on
Apr 24, 2001
Sold by
Snowden Harry M
Bought by
Johnson Thomas R and Hall Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,800
Interest Rate
6.98%
Mortgage Type
Commercial
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
701 Pensacola Street Llc $1,875,000 None Listed On Document
Crs Pensacola Llc $850,000 Attorney
Pensacola Place Llc $785,000 Attorney
Places On Pensacola Llc -- Attorney
Dean D Wilson $145,000 Attorney
Johnson Thomas R $81,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crs Pensacola Llc $680,000
Previous Owner Pensacola Place Llc $588,750
Previous Owner Places On Pensacola Llc $480,000
Previous Owner Johnson Thomas R $64,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2015 11/09/15 Sold $850,000 -5.5% $152 / Sq Ft
11/09/2015 11/09/15 Pending -- -- --
05/25/2015 05/25/15 For Sale $899,900 -- $161 / 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 $15,275 $794,000 $138,000 $656,000
2023 $14,319 $740,000 $120,000 $620,000
2022 $13,524 $720,000 $120,000 $600,000
2021 $12,861 $670,000 $120,000 $550,000
2020 $12,480 $660,000 $120,000 $540,000
2019 $12,424 $650,000 $120,000 $530,000
2018 $11,853 $614,400 $120,000 $494,400
2017 $11,995 $614,400 $0 $0
2016 $11,881 $600,000 $0 $0
2015 $8,786 $550,000 $0 $0
2014 $8,786 $520,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2015

    Wilson Dean

    SVN/SouthLand Co

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Map

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

MLS Number: 257690

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

APN: 21-35-95-000-001.0

Florida Leon County Tallahassee 32304 University

701 W Pensacola St, Tallahassee, FL

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