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1506 Mike Street

1506 Mike Street, Tallahassee, FL 32304
Property in Elberta Empire
Sold Apr 13, 2018
$39,700
$50,825 by Fidelity Bank
Mortgage Due May 01, 2033
Sold Aug 30, 2005
$65,000
$52,000 by Answer One Mortgage Inc
Mortgage Due Sep 01, 2035
Local assessors in Tallahassee, FL have categorized 1506 Mike Street as a residential type of property. The home was built in 1950 and is 74 years old. The property's lot size has been calculated to be 9,148 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1506 Mike Street has a total of 598 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a wood truss style roof that was made of metal. Lots of concrete block were used in the construction of the exterior walls of the home. While the walls in the interior have been made of plaster. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. 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 Mike Street sold most recently in Apr 12, 2018 for a total of $39,700. If you work out the math, that's approximately a cost of $59.25 per sqft. Before that, the property was also sold for $65,000 in Aug 23, 2005. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $823 in taxes each year. 1506 Mike Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $47,221. If we break it down further, the land itself was valued at $12,000. Improvements to the property, however, were assessed at a total of $35,221. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 2
  • Full Bathrooms: 1
  • Building Quality: D
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Plaster
  • Roof Shape Type: Wood truss
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 670
  • Gross Building Area: 670
  • Building Area: 598
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 598
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ELBERTA EMPIRE
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ELBERTA EMPIRE LOT 46 BLOCK A OR 1058/1152

Ownership

  • Current Owner : PENGELLEY IVANNA
  • Previous Owner : WARD II CLARENCE HAROLD
  • Previous Owner 2: BARRETT JUDITH A
  • Owner Before Previous Owner: SOMOS UNO INC

Neighborhood

  • School District Name: Leon County School District
  • Census Tract: 002006

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: 004EEFF6
  • Parcel: 41-02-55-00A-046.0
  • Block: A
  • Lot: 46
  • Meridian: SEC 2 TWN 1S RNG 1W
  • Municipality: CITY
  • Latitude: 30.4286
  • Longitude: -84.3105

    Address

  • Full Address: 1506 Mike St
  • Address - House Number: 1506
  • Address - Street Name: Mike
  • Address - Suffix Type: St
  • State: FL
  • City Name: Tallahassee
  • Carrier Code: C070
  • 4-Digit Zip Code: 4651
  • Zip Code: 32304

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $823
  • Tax Rate Code Area: CITY

    Appraisal Valuation

  • Standard Deviation: 0.1968
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 73
  • Final Value: 83,876
  • High Value: 100,387
  • Low Value: 67,366

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $50,825
  • First Open Lien Mortgage Lender: FIDELITY BANK
  • First Open Lien Mortgage Recording Date: Apr 13, 2018
  • First Open Lien Mortgage Loan Amount: $50,825
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2033

    Market Valuation

  • Market Total Value: $47,221
  • Market Land Value: $12,000
  • Market Improvement Value: $35,221

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $47,221
  • Assessed Land Value: $12,000
  • Assessed Improvements Value: $35,221

    Sales

  • Current Sale Contract Date: Apr 12, 2018
  • Current Sale Recording Date: Apr 13, 2018
  • Current Sale Transaction ID: 11449332847
  • Current Sale Price: $39,700
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20180022022
  • Previous Sale Recording Date: Aug 30, 2005
  • Previous Sale Contract Date: Aug 23, 2005
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIDELITY BANK
  • First Mortgage Transaction Date: Apr 13, 2018
  • First Mortgage Loan Amount: $50,825
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2033

    Previous Mortgages

  • Previous Mortgage Lender: ANSWER ONE MORTGAGE INC
  • Previous Mortgage Transaction Date: Aug 30, 2005
  • Previous Mortgage Loan Amount: $52,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Sep 01, 2035

About Elberta Empire



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Frequently Asked Questions

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

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