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$515,000

Beds
4
Baths
3.0
sq ft
2,868

407 Wilson Ave, Tallahassee, FL 32303

407 Wilson Ave

Tallahassee, FL 32303

  • 43 days on market
    • Price drop $34,900↓
Charming home in a prime mid-town location with extensive upgrades and lucrative rental income. Welcome to this beautifully updated all-brick home, perfectly situated in the heart of mid-town. This residence has undergone significant renovations, blending modern comforts with classic charm, and presents an excellent investment opportunity with substantial rental income potential. The main home (2,120 sq ft) provides steady rental revenue, while the lower level (748 sq ft) has been successfully operated as an AirBnB, adding an additional income stream. Or live in the main home and rent the downstairs to offset your mortgage payment. Key Features and Improvements: New roof, New electrical + can lights throughout, Fully renovated bathrooms, Fully renovated kitchens, New appliances, Replaced wood floors (portion) and refinished wood floors (all) upstairs, Installed new floors in bathrooms, laundry room, and “sunroom” upstairs, Installed new floors throughout downstairs, Split upstairs utility room into separate laundry room and “sunroom”, Installed wood paneling upstairs (portion) and reworked built-in cabinets, Installed new drywall throughout downstairs, New hot water heater (downstairs), Replaced doors and trim throughout, Replaced windowsill trim throughout, Installed blinds throughout, Painted all surfaces throughout, Removed existing and installed new fence, Removed existing and installed new landscaping, Significant exterior demo- removed metal awning, decrepit shed, decrepit playset.

Details

Property type

Single Family Residence

Est. home value

$284,254

Lot size

0.25 acres

Price per sq ft

$180

Year built

1950

Annual property taxes

$4,919

Price History

11/04/2024
Tallahassee

Tallahassee #377905

Price change
$515,000
-14.15%
10/10/2024
Tallahassee

Tallahassee #376605

Removed
$599,900
+9.09%
10/10/2024
Tallahassee

Tallahassee #377905

Price change
$549,900
-8.33%

Schools & Community

Elementary school: 

Kate Sullivan Elementary

Middle school: 

COBB

High school: 

LEON

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Capital City Home Loans Llc

Loan start date

November 2022

Original loan amount

$315,000

Est. remaining balance

Not provided

Interest rate

6.5%

Loan type

New Conventional, 30 year

Seller

Michael Whelan and Lindsay C Whelan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/22/2024 at 3:10 PM

Listing updated: 11/11/2024 at 1:21 AM

Listed by: Jamie S Yarbrough, The Naumann Group Real Estate Phone #: (850) 325-1681

MLS: Tallahassee #377905

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