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2401 Formosa Drive

2401 Formosa Drive, Tallahassee, FL 32308
Property in Tallahassee East
Sold Feb 07, 2019
$134,000
$134,000 by Envision Cu
Mortgage Due Feb 01, 2049
Sold Feb 26, 2008
$75,000
$175,000 by The Bank Of Tallahassee
Mortgage Due Feb 21, 2009
Local assessors in Tallahassee, FL have categorized 2401 Formosa Drive as a residential type of property. The home was built in 2008 and is 16 years old. The property's lot size has been calculated to be 13,504 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, 3 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 are 2 full bathrooms. 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 2401 Formosa Drive has a total of 1,898 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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 484 sqft. 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 - C. The building has a wood truss style roof that was made of composition shingle. Lots of unknown were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2401 Formosa Drive was last sold in Jan 31, 2019 for $134,000. According to our calculations, that's $40.29 per sqft. Prior to that sales transaction, the property was sold for $75,000 in Feb 22, 2008. Current property owners are expected to pay $5,345 in taxes per year. The property on 2401 Formosa Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $290,273. To break that down further, the land itself was valued at $25,000. While improvements to the property were assessed at a total of $265,273. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 3
  • Full Bathrooms: 2
  • Building Quality: C
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Wood truss
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Parquet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 484
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 13,504
  • Total Building Area: 3,326
  • Gross Building Area: 3,326
  • Building Area: 1,898
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,898
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ACREAGE & UNREC
  • Land Acres: 0.31
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 33 1N 1E IN E 1/2 OF NW 1/4 OF NW 1/4 DB 201/480 OR 609/69 1252/1488 OR 1720/1364 2210/534(99-40PR) OR 2394/972

Ownership

  • Current Owner : MARTIN ELMER L
  • Current Owner 2: MARTIN REBECCA L
  • Previous Owner : DUNN ROBERT LAWRENCE
  • Owner Before Previous Owner: MARTIN E LOUIS
  • Owner Before Previous Owner 2: MARTIN REBECCA

Neighborhood

  • School District Name: Leon County School District
  • Census Tract: 000907

Zoning

  • Zoning: RP1

Geography

  • Assessors Map Reference: 004DF84B
  • Parcel: 11-33-20-218-000.0
  • Block: 218
  • Meridian: SEC 33 TWN 1N RNG 1E
  • Municipality: CITY
  • Latitude: 30.4471
  • Longitude: -84.2399

    Address

  • Full Address: 2401 Formosa Dr
  • Address - House Number: 2401
  • Address - Street Name: Formosa
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Tallahassee
  • Carrier Code: C081
  • 4-Digit Zip Code: 6218
  • Zip Code: 32308

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,345
  • Tax Rate Code Area: CITY

    Appraisal Valuation

  • Standard Deviation: 0.2145
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 70
  • Final Value: 359,696
  • High Value: 436,856
  • Low Value: 282,535

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $134,000
  • First Open Lien Mortgage Lender: ENVISION CU
  • First Open Lien Mortgage Recording Date: Feb 07, 2019
  • First Open Lien Mortgage Loan Amount: $134,000
  • 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: Feb 01, 2049

    Market Valuation

  • Market Total Value: $290,273
  • Market Land Value: $25,000
  • Market Improvement Value: $265,273

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $290,273
  • Assessed Land Value: $25,000
  • Assessed Improvements Value: $265,273

    Sales

  • Current Sale Contract Date: Jan 31, 2019
  • Current Sale Recording Date: Feb 07, 2019
  • Current Sale Transaction ID: 11570760670
  • Current Sale Price: $134,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20190007314
  • Previous Sale Recording Date: Feb 26, 2008
  • Previous Sale Contract Date: Feb 22, 2008
  • Previous Sale Amount: $75,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ENVISION CU
  • First Mortgage Transaction Date: Feb 07, 2019
  • First Mortgage Loan Amount: $134,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: THE BANK OF TALLAHASSEE
  • Previous Mortgage Transaction Date: Feb 26, 2008
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $175,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Feb 21, 2009

About Tallahassee



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Frequently Asked Questions

What neighborhood is 2401 Formosa Drive located in?
The 2401 Formosa Drive is a located in the neighborhood of Tallahassee East in Tallahassee, Tallahassee.
What is the average sales price for listings in 2401 Formosa Drive?
The average sales price for units in 2401 Formosa Drive is $0 currently.

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