See Home Value
$373,481*
House - Off Market

253 Lovelace

TALLAHASSEE, FL 32304
bedrooms
8 Beds
bathrooms
4 Baths
square feet
2596 Sqft
$297,000 - $361,000
Reference Base Price*
13.52%
Since Oct 1, 2021
National-US
Primary Model
Sold Sep 29, 2021
$310,000
$294,500 by Ameris Bank
Mortgage Due Oct 01, 2051
Sold May 27, 2021
$192,000
$144,000 by Civic Financial Services Llc
Mortgage Due Jun 01, 2051

About This Property

Investor's Dream Property!! Huge remodeled 2-story CBS home just steps west of FSU Stadium in a highly sought after rental area. Very profitable - just purchase and start collecting rents from up to 8 tenants! Eight bedrooms and 4 bathrooms: 2 master suites downstairs with private entrances, and 6 bedrooms 2 baths upstairs. Currently a student rental, but could be converted to a remote Frat- or Sorority- extension housing, boarding house, or incredible AirBNB for any and all events throughout Tallahassee and surrounding area. The sky's the limit!! Two new a/c hvac units, new roof, new r-38 attic insulation, new kitchen appliances including 2 refrigerators, new washer and dryer, updated electrical and plumbing, new flooring combined with original wood floors, and so much more! More photos soon!

The manager has listed the unit size as 2596 square feet.
Unit Size
2,596Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$127
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1955

Price History

Date / Event Date Event Price
Sep 29, 2021 Sold to Benjamin William Leathers $310,000
Sold to Benjamin William Leathers
Sep 27, 2021 No longer available -
No longer available
Aug 11, 2021 Price Decreased $329,000
↓ $10K (3%)
Price Decreased
Aug 7, 2021 Listed $339,000
Listed
May 29, 2021 No longer available -
No longer available
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 8
  • Full Bathrooms: 4
  • Building Quality: C
  • Exterior Walls Type: Concrete block
  • 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: 209
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 2,685
  • Gross Building Area: 2,685
  • Building Area: 2,310
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,310
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WESTWOOD
  • Land Acres: 0.19
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WESTWOOD LOT 10 OR 1883/1760

Ownership

  • Current Owner : LEATHERS BENJAMIN WILLIAM
  • Previous Owner : MODERN INVESTMENT CONCEPTS INC
  • Owner Before Previous Owner: KEARNEY ROBERT D
  • Owner Before Previous Owner 2: KEARNEY PAMELA

Neighborhood

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

Zoning

  • Zoning: UT

Geography

  • Assessors Map Reference: 004E9EFB
  • Parcel: 21-34-75-000-010.0
  • Lot: 10
  • Meridian: SEC 34 TWN 1N RNG 1W
  • Municipality: CITY
  • Latitude: 30.4385
  • Longitude: -84.3124

    Address

  • Full Address: 253 Lovelace Dr
  • Address - House Number: 253
  • Address - Street Name: Lovelace
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Tallahassee
  • Carrier Code: C048
  • 4-Digit Zip Code: 4139
  • Zip Code: 32304

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,731
  • Tax Rate Code Area: CITY

    Appraisal Valuation

  • Standard Deviation: 0.1693
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 78
  • Final Value: 374,531
  • High Value: 437,946
  • Low Value: 311,116

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $294,500
  • First Open Lien Mortgage Lender: AMERIS BANK
  • First Open Lien Mortgage Recording Date: Sep 29, 2021
  • First Open Lien Mortgage Loan Amount: $294,500
  • 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: Oct 01, 2051

    Market Valuation

  • Market Total Value: $251,882
  • Market Land Value: $30,000
  • Market Improvement Value: $221,882

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $251,882
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $221,882

    Sales

  • Current Sale Contract Date: Sep 23, 2021
  • Current Sale Recording Date: Sep 29, 2021
  • Current Sale Transaction ID: 11866164141
  • Current Sale Price: $310,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20210070032
  • Previous Sale Recording Date: May 27, 2021
  • Previous Sale Contract Date: May 25, 2021
  • Previous Sale Amount: $192,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERIS BANK
  • First Mortgage Transaction Date: Sep 29, 2021
  • First Mortgage Loan Amount: $294,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CIVIC FINANCIAL SERVICES LLC
  • Previous Mortgage Transaction Date: May 27, 2021
  • Previous Mortgage Loan Amount: $144,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jun 01, 2051



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
2,856 ft²
$117/ft²
$335,000 Sep 27, 2022
-
-
Multifamily
3 Beds
3 Baths
2,160 ft²
$174/ft²
$375,000 Dec 1, 2022
-
-

About Tallahassee


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Frequently Asked Questions

When was property at 253 Lovelace Drive built and last sold?
The property at 253 Lovelace Drive was built in 1955 and last sold on Sep 23, 2021 for $310,000.
How much is this home worth?
The estimated value of the home located at 253 Lovelace Drive is $333,037.
What are some comparable homes to 253 Lovelace Drive?
There are currently no comparable homes to 253 Lovelace Drive.

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