NOT LISTED FOR SALE

Tallahassee, FL 32301

FAMU Neighborhood

Estimated Value: $169,000 - $237,000

4 Beds
2 Baths
1,800 Sq Ft
$114/Sq Ft Est. Value

Last Sold March 31, 2016

Last sale price $65,000 $36 Per Sq Ft

Est. 206% increase in value since last sale

Current estimated payment $1,264/month

11 Days on Market

Highlights

  • Wood Flooring
  • Ground Level Unit
  • Central Heating and Cooling System
  • Leon High School Rated A
  • Four Sided Brick Exterior Elevation
  • Combination Kitchen and Dining Room

About This Home

As of March 2016

Charming 1950's brick 2-story duplex on campus of FAMU. Both the upstairs and downstairs units feature 2 bedrooms and 1 bath. Both are currently rented at $550 monthly. Great investment opportunity. Selling as-is with right to inspect. No sellers disclosures.

Last Agent to Sell the Property

Justin Peel

Maclay Realty & Management LLC License #3132867 Listed on: 02/22/2016

Last Buyer's Agent

Justin Peel

Maclay Realty & Management LLC License #3132867 Listed on: 02/22/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,099

Year Built

  • Built in 1954

Lot Details

  • 7,841

Parking

  • Unassigned Parking

Home Design

  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1,800 Sq Ft Home
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Range

Schools

  • Bond Elementary School
  • NIMS Middle School
  • Leon High School

Additional Features

  • Ground Level Unit
  • Central Heating and Cooling System

Community Details

  • Fla A & M Add Subdivision
  • Gross Income $13,200

Listing and Financial Details

  • The owner pays for lawn maintenance
  • Legal Lot and Block 5 / M
  • Assessor Parcel Number 12073-41-01-44- M-005-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,099

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Inside Capital Circle: Yes
  • Lot: 5
  • Sold Price Per Sq Ft: 36.11
  • Subdivision: FLA A & M ADD
  • Tax Database Id: 9
  • Tax Item Number: 410144 M0050
  • Type: Multi-Family
  • L V T Date: 02/22/2016
  • Street Designation: Street
  • Total Sq Ft: 1800
  • Year Built: 1954
  • Directions: South Adams past FAMU, right on Lincoln Street, on L
  • Elementary School: BOND
  • Geo Longitude: -84.2838439941406
  • High School: LEON
  • Middle School: NIMS
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Equipment: Range, Refrigerator
  • Floor Plan: Unit - Ground Floor, Unit - Upstairs
  • Living Area Description: Kitchen/Din Rm/Liv Room

Exterior Features

  • Construction: Brick 4 Sides

Garage/Parking

  • Parking: Area - Unassigned

Utilities

  • Heating: Central
  • Cooling: Central

Condo/Co-op/Association

  • Unit: ~

Schools

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

Lot Info

  • Lot Dimensions: 150x52
  • Geo Subdivision: FL

Rental Info

  • Lease Terms: Units Vary
  • Tenants Rent Includes: Lawn Maintenance

Multi Family

  • Gross Income: 13200
  • Operating Exp Accuracy: Owner Provided
  • Owners Expenses: Maintenance/Repairs, Management
  • Units: 2
  • Vacancy: 100

Tax Info

  • Taxes: 1428
  • Assessor Parcel Number: 12073-41-01-44- M-005-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2016
Closed on
Mar 31, 2016
Sold by
217 Lincoln Llc
Bought by
5 South Flagler Avenue Llc
Seller's Agent
Justin Peel
Maclay Realty & Management LLC
Buyer's Agent
Justin Peel
Maclay Realty & Management LLC
List Price
$75,000
Sold Price
$65,000
Premium/Discount to List
-$10,000
-13.33%
Current Estimated Value
$198,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,806
Avg. Annual Appreciation
10.93%

Purchase Details

Closed on
Jun 24, 2012
Sold by
Bab Naomi
Bought by
217 Lincoln Llc

Purchase Details

Closed on
May 24, 2012
Sold by
Crump Benjamin
Bought by
Bab Naomi

Purchase Details

Closed on
Sep 26, 2007
Sold by
Davis Henry J
Bought by
Crump Benjamin

Purchase Details

Closed on
Mar 8, 2000
Sold by
Vaught Christine
Bought by
Davis Marcus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,100
Interest Rate
8.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 24, 2000
Sold by
Hayward Sarah L and Hayward Samuel L
Bought by
Vaught Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,100
Interest Rate
8.27%
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
5 South Flagler Avenue Llc $65,000 North Florida Title Company
217 Lincoln Llc -- None Available
Bab Naomi $43,000 Reliance Title Services
Crump Benjamin $125,000 Owen Title Company Inc
Davis Marcus $58,000 --
Vaught Christine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis Marcus $55,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2016 03/31/16 Sold $65,000 -13.3% $36 / Sq Ft
03/04/2016 03/04/16 Pending -- -- --
02/22/2016 02/22/16 For Sale $75,000 -- $42 / 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 $2,099 $112,409 $12,000 $100,409
2023 $1,935 $98,017 $0 $0
2022 $1,690 $92,037 $12,000 $80,037
2021 $1,555 $81,005 $12,000 $69,005
2020 $1,532 $81,005 $12,000 $69,005
2019 $1,486 $77,722 $12,000 $65,722
2018 $1,428 $74,006 $12,000 $62,006
2017 $1,427 $73,097 $0 $0
2016 $1,412 $71,302 $0 $0
2015 $1,478 $70,523 $0 $0
2014 $1,478 $69,655 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Justin Peel

    Seller's Agent in 2016

    Justin Peel

    Maclay Realty & Management LLC

    (850) 519-8621

    2 in this area

    158 Total Sales

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

MLS Number: 266257

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

APN: 41-01-44-00M-005.0

Florida Leon County Tallahassee 32301

FAMU

This home since 22 February 2016 and is currently estimated at $204,980, approximately $113 per square foot. This property was built in 1954. This home is a home located in Leon County with nearby schools including Bond Elementary School, R. Frank Nims Middle School, and Leon High School.

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