1124 Marion Ave Tallahassee, FL 32303

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3 beds · 2 baths · 1,470 sq ft · Lot Size: 54,450 sq ft · Single Family Home · Lafayette Park
Est. Property Value: $254,822

High Demand Long-Term RentalValued below Market MedianLarge Lot AdvantageOwned for 25 - 50 YearsOwner Age 65 - 75

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1124 Marion Ave is in the Lafayette Park neighborhood of Tallahassee, FL. It is located in Leon County and ZIP code 32303. This Single Family Home was built in 1941 and is approximately 84 years old. The single family home spans 1470 sq ft with 3 bedrooms and 2 bathrooms and sits on a 54450 sq ft lot. According to public records, it was last sold in 1996 for $126,000 and has a tax-assessed value of $253,712, which is $173 per sq ft. The Lafayette Park area of Tallahassee has 258 residential homes with an average size of 1676.5 sq ft. Analyze and compare real estate investment strategies for properties like this home at 1124 Marion Ave Tallahassee, FL 32303 with Property Intel by Whitepages.

Owners & Occupancy for 1124 Marion Ave

This property is owned by John Dashwood Hicks. Owner contact information includes 6 phone numbers and 2 email addresses.

Property Owners

OccupationAssistant Dean for Finance and Administration, Georgia State University - J. Mack Robinson College Of Business
Cell Phone(904) ***-****View Cell Phone
Residence***************
Landline(850) 224-8896
Distance from Property**********
Email Address********@msn.comView Email
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Occupancy

Resident 1********************** age 28
Resident 2********************* age 27

Property Financials for 1124 Marion Ave

1124 Marion Ave, Tallahassee, FL has a mortgage from Ingle & Assocs Mtg Svcs (orig. October 12, 2004). The Leon county assessment for 2024 values it at $253,712, with annual taxes of $1,869.

Mortgage & Equity Information

Loan Amount$*****
LenderIngle & Assocs Mtg Svcs
Origination DateOctober 12, 2004
Interest Rate****%
Term10 Years
Rate TypeFixed
Est Balance$*
Due Date****************
Equity View Equity
View All Mortgage Info

Property Tax

Purchase DateDecember 06, 1996
Property Tax Amount$1,869 in 2024
Purchase Price$126,000
Assessed Value$253,712 on 2024

Investment Potential for 1124 Marion Ave

The property has a current estimated value of $254,822, which is 23% below the neighborhood median, based on public records. It last sold on December 06, 1996 for $126K. Projected long-term
is $23,400 annually ($1,950 per month) with a 90% occupancy rate.

Discover more Single Family Homes in Lafayette Park.
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Long-Term

Gross Rental
$23,400 per year($1,950 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
90%in 32303 zip code
 
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Property Details for 1124 Marion Ave

Property Details

Property Sq Ft

Living Area

1,470 sq ft

12% below market

Lot Size

54,450 sq ft

454% above market

Price Per Sq Ft

Living Area

$173 / sq ft

11% below market

Lot Size Area

$5 / sq ft

86% below market

Property condition, age, exterior, etc. for 1124 Mario…
Longitude: -84.265352 Latitude: 30.455228 Parcel Number (APN): 11-30-36-003-003.0…

Recommended Properties in Lafayette Park

Discover more single family homes near 1124 Marion Ave in Tallahassee, Florida. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 1124 Marion Ave in Leon County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$254,822
$349,875
-$95,053 (-27%)
—
—
—
YoY Price Change
—
—
—
Year Built
1941
1990
-49 years
Living Space
1,470 sq ft
1,630 sq ft
-160 (-10%)
$ Per Living Sq Ft
$173
$213
-$39 (-19%)
Lot Size
54,450 sq ft
9,599 sq ft
44851 (467%)
$ Per Lot Sq Ft
$5
$38
-$33 (-88%)

Net Operating Income
$*****
$19,792
-$3,250 (-16%)
Annual Revenue
$23,400
$29,400
-$6,000 (-20%)
$****
$9,768
-$2,910 (-30%)
Net Operating Income
$*****
$19,792
-$3,250 (-16%)
Cap Rate
****%
5.75%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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