Tallahassee Real Estate

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Tallahassee Real Estate & Homes for Sale in Florida

As the capital city of Florida, Tallahassee is 300 feet above flood level and is located in northern Florida 25 miles from the Gulf of Mexico, 20 miles south of the Georgia border and about 150 miles west of Jacksonville. Tallahassee serves as the county seat of Leon County. With an impressive land size of 95.7 square miles, this neighborhood holds a population of about 159,000. Real estate options consist of single-family detached homes, condominiums, townhouses, estates, and lots. Highways 151, 63, and 90 facilitate commute to and from the area with accessible public transportation through TalTran. Tallahassee has been ranked No. 2 among medium-sized cities by the ePodunk College Town Index, 2002. The economy within the city is widespread and diverse with multiple industries providing employment opportunities, including educational, health, public administration, retail trade, arts, entertainment, recreation, accommodation and food services, professional, scientific, management, administrative. Residents with children from grades K-12 will find the proper educational amenities through the Leon County School District. Those in pursuit of a college degree will find six local college and university campuses, including Florida State University. Nearby parks and recreational areas include St. George Island Park, Maclay Gardens State Park, Edward Ball Wakulla Springs State Park and River Bluff Picnic Site, Native American Archaeological sites and museums to visit.

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Price Range of Tallahassee Houses

The real estate market in Tallahassee is composed of primarily single-family detached homes but does have some condominium and townhouse properties. New three-bedroom, two-bath entry level homes can be purchased between the low $100,000s to the mid-$100,000s. A typical three-bedroom home with two-baths can be acquired at just under $275,000, many times with acreage. Slightly bigger homes with four-bedrooms and three-baths can be purchased at less than $400,000. Larger estate properties with five-bedrooms or more can be purchased from the low $500,000s to several million dollars. There are also scattered opportunities to own vacant residential lots and acreage. A residential lot can be purchased at as little as $30,000 and in surrounding areas when purchasing five or more acres from around $5,000 per acre. Horse properties, lakefront homes and homes in gated communities are also available.

Tallahassee Real Estate Stats and Trends for the week of April 13th, 2015: homes priced around $110,695 compared to $69,380 the previous week, showing a increase of more than +37%.  For Monday, April 22nd, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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