830 East Park Avenue (Tallahassee, FL)
By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
  It has been a while since we looked at the Downtown Tallahassee real estate market, so today I compiled a report of recent home sales in the 32301 zip code, which is in the heart of Tallahassee's downtown area. The boom of the housing market which began in 2004 brought several condo developments to downtown Tallahassee which quickly changed both the perception and the reality of how people live in the heart of Florida's capital city. A "big city" style of living that is just starting to catch on, but is wreaking havoc on simple real estate analysis tools. Unlike most other zip codes, the property type variance in the 32301 zip code in downtown Tallahassee make my study of "averages" go crazy. Map Of Home Sales In 32301 Downtown Tallahassee   Downtown Tallahassee Home Prices Continue T...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
It has been quite some time since we have reported on Tallahassee Condo and Townhouses, so today will serve as an update on this ever-growing segment of the Tallahassee real estate market. If you are in the market to buy a Tallahassee Condo, you need to understand the diversity of what you will find and the basis of value around town. You need to decide if you are looking for a student condo (condo and townhouse will be used interchangeably for the purpose of this report), a downtown Tallahassee Condo, or if you are just looking for great affordable living space. Condominium And Townhouse Sales Report When we plot the one-year trend of condominium and townhouse sales, we see rising average price trends and rising unit sales trends. In the graph below, the blue line represents the averag...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
  Real estate in downtown Tallahassee has been dominated by the commercial sector since forever, but residential opportunities are starting to take traction. While there have always been a scattered presence of townhouses, condominiums and apartments, the luxury condo market is finally taking shape. The following is a quick list I produced by pulling some of the more active condominium developments in downtown Tallahassee. There are many condominium developments now compared to the relative few just ten years ago. Due to the current market conditions in Tallahassee (and Florida and the entire US), there are some great values available. Many units are now selling below what it would cost to replace them. As you will be able to see, prices go from super-affordable to well over $1M. [click...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
The downtown Tallahassee condominium market exploded with the housing market boom in 2004, and many people have asked me how that part of the Tallahassee real estate market is doing. I just received this question from reader “Joyce” who asked: Joe, I would like to see condo market [high rise luxury, etc] in zip 32301, prices, past selling prices, etc. Thanks. Joyce After knocking out the Tallahassee Real Estate Newsletter yesterday, I have a limited amount of time for today’s blog, so I will give a brief overview of what has occurred in the downtown Tallahassee market. Downtown Tallahassee Condo Sales Still Relatively Strong The first thing that I discovered when viewing the downtown Tallahassee condo sales was that it was performing differently than the rest of the Tallahassee housing...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
Here is a great Apartment Complex for Sale in Tallahassee, Florida. It was completely renovated in 2006-2007 and is a great "buy and hold" investment or immediate condo-conversion opportunity. Below the pictures, you find the following reports:Annual Property Operating DataProforma Income StatementAcquisition ReportSale ReportAssumptions ReportRent Roll ReportNet Present Value (NPV) ReportFor more information, you can Talk to Me! Annual Property Operating Data830 East Park Avenue ApartmentsPurposeBroker's RecapName830 East Park Avenue ApartmentsLocation830 East Park AvenueProperty TypeApartment ComplexDate20 August 2007Square Feet56Price$4,250,000 -Loans2,800,000Down Payment1,450,000 +Acq Costs42,500 +Loan Points28,000Investment1,520,500 $/SqFt% of GIAnnual $Gross Income     1 Bedroom (...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
IT'S NOT ONLY WHAT YOU SAY, IT'S HOW YOU SAY ITNonverbal messages are an essential component of effective communication whether in a business or social setting. We communicate with each other in ways far beyond merely speech. Body language helps to enhance the meaning of what we say and to impress upon others emotion, feelings, context and all sorts of communicable expressions. Here are Seven Ways that you can improve your nonverbal communication skills.Eye contact: Eye contact, an important channel of interpersonal communication, helps regulate the flow of communication. And it signals interest in others. Furthermore, eye contact with audiences increases the speaker's credibility. People who make eye contact open the flow of communication and convey interest, concern, warmth and credib...
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By Joe Manausa, Tallahassee Real Estate
(Joe Manausa Real Estate)
Lead to LeaseToday everyone wants information immediately. The internet, newspaper, flyers and other advertising provide this type of initial information to perspective tenants but how do you take someone from looking at information to signing a lease.The answer is a good system and immediate follow-up from a qualified professional.You would be surprised how many companies rely on someone to leave a message and then follow-up with that "Lead" sometime later. Actually, only 29% of callers who get an answering device will leave a message. A good receptionist, that can record initial information, is invaluable because they are talking to a real person that can capture the customer's needs upfront and be able to direct them to the correct person immediately. This also allows you to track th...
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Tallahassee, FL Real Estate Professionals