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$122,500

Beds
4
Baths
2.0
sq ft
1,196

408 E Magnolia Dr, Tallahassee, FL 32301

408 E Magnolia Dr

Tallahassee, FL 32301

  • 118 days on market
    • Price drop $5,000↓
Welcome to 408 E Magnolia, a well maintained 4-bedroom, 2-bath residence nestled in the heart of Tallahassee. This inviting property makes it the perfect place for families or investors looking to enjoy the vibrant lifestyle of Florida's capital. With its prime location, it's less than a mile from FAMU and just 2 miles from FSU, making it an ideal spot for families with kids attending these schools. Plus, the seller is highly motivated, so don't miss out on this fantastic opportunity! Buyer to verify dimensions. Back on Market due to buyer financing falling through.

Details

Property type

Single Family Residence

Est. home value

$157,920

Lot size

6,970 sq ft

Price per sq ft

$103

Year built

1940

Annual property taxes

$2,078

Price History

12/17/2024
Tallahassee

Tallahassee #376419

Listed
$122,500
12/04/2024
Tallahassee

Tallahassee #376419

Pending
$122,500
11/19/2024
Tallahassee

Tallahassee #376419

Price change
$122,500
-3.92%

Schools & Community

Elementary school: 

HARTSFIELD

Middle school: 

COBB

High school: 

RICKARDS

Negotiation Insights

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

Seller could get up to

$44,867
Asking price
$122,500
Closing costs (~8% of asking)
-$9,800
Est. remaining loan balance
-$67,833
Cash to seller
$44,867

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Imc Mortgage Corp

Loan start date

August 2018

Original loan amount

$76,500

Est. remaining balance

$67,833

Interest rate

4.53%

Loan type

New Conventional, 30 year

Seller

Zhauntel Fields

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: 12/23/2024 at 5:45 AM

Listing updated: 12/17/2024 at 5:51 PM

Listed by: Hunter Bowden, Keller Williams Town & Country Phone #: (850) 201-4663

MLS: Tallahassee #376419

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