1335 Late Sunset Way, Tallahassee

1335 Late Sunset Way is a 933 sq ft Mobile Home in Tallahassee. It was built in 1973. In 2014 similar properties sold for between $4,997 and $8,674. We estimate the income value of 1335 Late Sunset Way at $3,822. The assumptions we used to calculate this value are include in the spreadsheet linked below. Tallahassee is in Leon County, Florida.

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1335 Late Sunset Way Property Summary

1335 Late Sunset Way
Tallahassee
FL 32310

Property Size:933 sq ft
Year Built:1973
Property Class:C1
Lat, Long: 30.441, -84.453

Not Offered for Sale

This property is not currently for sale by Visulate but we may be able to find something similar. Contact us for details.

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Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

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Estimated Value: 1335 Late Sunset Way

Market Data

In 2014 class A mobile home properties in Tallahassee sold for $33.28 to 138.46 per sq ft with a median price per sq ft of $43.03. Class B properties sold for $17.49 to 33.27 per sq ft with a median of $22.85 and class C properties sold for $10.07 to 17.48 per sq ft with a median of $15.78.

Market Valuation

1335 Late Sunset Way appears to be a C Class property. Suggested value: $7,831

HighMedianLow
Value8,674 7,831 4,997

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $3,822. Details of how we produced this estimate value appear below:

The income value of a property identifies its value as a rental property, Value = Rent - Expenses / Cap Rate. The following table shows four different rent estimates for 1335 Late Sunset Way:

  • The Household Income estimate assumes the tenant has a total household income of $202 and spends 31% of this on rent. The household income estimate is derived from census data and tax records.
  • The Household Income - Renters estimate performs a similar calculation based on the household income of renters rather than all households.
  • The Market Rents estimate evaluates this property in comparison to rental properties in the area.
  • The Price/Ft estimate uses the size of the property to estimate its rent.

Click on a rent value to download a spreadsheet that estimates the NOI (net operating income), cash on cash return, income value and IRR (internal rate of return) for this property.

Valuation ModelMonthly Rent
Household Income - All Households $5
Household Income - Renters $290
Market Rents $164
Price/Ft $550

Expense Estimates:

  • Census data records show 8% of the rental properties in this area are vacant. We've added a 5% bad dept allowance to this.
  • Maintenance costs are estimated based on the size of the property.
  • The property tax estimate uses the average millage rate for the county. It does not include adjustments for city or unincorporated areas. Actual taxes may vary.
  • Insurance estimates are based on the size and location of the property. They are not adjusted for age, flood zone or other risk factors
  • We don't have a way to estimate HOA fees. These should be added manually

The following table shows a income valuation estimate for 1335 Late Sunset Way. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Amount
Monthly Rent164
Annual Rent per Sq Ft2.00
Gross Annual Rent1,964
Vacancies and Bad Debt13%
Vacancies and Bad Debt Amount255
Maintenance485
HOA, Utilities and CAM0
Property Taxes210
Insurance474
Management Fees196
NOI344
Cap Rate9
Estimated Value3,822
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $64,653. The bottom 10% of the population earn less than $18,688 per year. The top 10% earn more than $151,663 per year. The top 1% earn more than $449,366 per year. Most renters earn between $25,968 (20th percentile) and $51,864 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $852. Most renters earn between $2,164 and $4,322 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $571 (20th percentile) to $1,231 (80th percentile) range. The residential vacancy rate is 8%.

Links

  1. 1335 Late Sunset Way, Tallahassee, FL on Google Maps
  2. 1335 Late Sunset Way Walkscore
  3. Tallahassee, FL Property Values on Trulia
  4. Search for EPA and DEP Cleanup Sites

Owner Details

Sales History

DateSold BySold ToDeed TypePrice
07/01/2011 Not Recorded Buyer: 3259635 Unknown 6,000.00
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.