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1506 Alabama Street

1506 Alabama Street, Tallahassee, FL 32304
Property in Griffin Hgts
Sold May 10, 2023
$190,000
$152,000 by University Bank
Mortgage Due Jun 01, 2053
Sold Oct 31, 2022
$56,000
$2,000,000 by Residential Capital Partners S
Mortgage
1506 Alabama Street has been categorized by the local assessors in Tallahassee, FL as a residential type of property. The building on the property was first built in 1972 and is 52 years old. The home has a total of 3 bedrooms. Residents will have access to one full bathroom. The building has a total of 2 stories. In addition, 1506 Alabama Street has 1,452 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,227 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 240 sqft. Residents will have the luxury of enjoying both a unknown and a unknown. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a wood truss style roof made of composition shingle. The exterior walls of the building are made of unknown. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing floor/wall heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1506 Alabama Street sold most recently in May 3, 2023 for a total of $190,000. If you work out the math, that's approximately a cost of $103.26 per sqft. Before that, the property was also sold for $56,000 in Oct 25, 2022. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $619 in taxes each year. 1506 Alabama Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $75,681. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior / Wood Exterior
Wood Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Bedroom Count: 3
  • Full Bathrooms: 1
  • Building Quality: C
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Wood truss
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 240
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 1,840
  • Gross Building Area: 1,840
  • Building Area: 1,452
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Floor/wall
  • Heated Square Feet: 1,452
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SPRING VALLEY
  • Land Acres: 0.12
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SPRING VALLEY LOT 21 BLOCK E OR 623/159 986/767 2248/844 2287/2184

Ownership

  • Current Owner : BROWN SHAINA K
  • Previous Owner : VISION CONSULTING AND INVESTMENTS LLC
  • Owner Before Previous Owner: AUSTIN-DAVIS DELORES
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Single/unmarried woman

Neighborhood

  • School District Name: Leon County School District
  • Census Tract: 001401

Zoning

  • Zoning: RP2

Geography

  • Assessors Map Reference: 004E8D2D
  • Parcel: 21-26-64-00E-021.0
  • Block: E
  • Lot: 21
  • Meridian: SEC 26 TWN 1N RNG 1W
  • Municipality: CITY
  • Latitude: 30.4566
  • Longitude: -84.3089

    Address

  • Full Address: 1506 Alabama St
  • Address - House Number: 1506
  • Address - Street Name: Alabama
  • Address - Suffix Type: St
  • State: FL
  • City Name: Tallahassee
  • Carrier Code: C013
  • 4-Digit Zip Code: 2005
  • Zip Code: 32304

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $619
  • Tax Rate Code Area: CITY

    Appraisal Valuation

  • Standard Deviation: 0.218
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 70
  • Final Value: 184,760
  • High Value: 225,041
  • Low Value: 144,478

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $187,000
  • First Open Lien Mortgage Lender: UNIVERSITY BANK
  • First Open Lien Mortgage Recording Date: May 10, 2023
  • First Open Lien Mortgage Loan Amount: $152,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2053
  • Second Open Lien Mortgage Lender: CITY OF TALLAHASSEE
  • Second Open Lien Mortgage Recording Date: May 10, 2023
  • Second Open Lien Mortgage Loan Amount: $35,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Jun 01, 2053

    Market Valuation

  • Market Total Value: $113,643
  • Market Land Value: $8,500
  • Market Improvement Value: $105,143

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $75,681

    Sales

  • Current Sale Contract Date: May 03, 2023
  • Current Sale Recording Date: May 10, 2023
  • Current Sale Transaction ID: 11906985830
  • Current Sale Price: $190,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 24984
  • Previous Sale Recording Date: Oct 31, 2022
  • Previous Sale Contract Date: Oct 25, 2022
  • Previous Sale Amount: $56,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNIVERSITY BANK
  • First Mortgage Transaction Date: May 10, 2023
  • First Mortgage Loan Amount: $152,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2053
  • Second Mortgage Lender: CITY OF TALLAHASSEE
  • Second Mortgage Transaction Date: May 10, 2023
  • Second Mortgage Loan Amount: $35,000
  • Second Mortgage Terms: 360
  • Second Mortgage Loan Type: FHA

    Previous Mortgages

  • Previous Mortgage Lender: RESIDENTIAL CAPITAL PARTNERS S
  • Previous Mortgage Transaction Date: Oct 31, 2022
  • Previous Mortgage Loan Amount: $2,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Griffin Hgts



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Frequently Asked Questions

What neighborhood is 1506 Alabama Street located in?
The 1506 Alabama Street is a located in the neighborhood of Griffin Hgts in Griffin Hgts, Tallahassee.
What is the average sales price for listings in 1506 Alabama Street?
The average sales price for units in 1506 Alabama Street is $0 currently.

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