What are the best neighborhoods for 2 bed, 2 bath homes in Tallahassee?
Many people looking to relocate to Tallahassee are also looking to downsize themselves or look for a residence for their students for the next 4 (or 5) years. Having a 2 bath, 2 bedroom home means guests can comfortably stay, or you can rent a room to cover the mortgage. It was extremely cold and ugly up north over the holidays. Those winter storms make my phone ring. As a Tallahassee Realtor, I have often been asked about which neighborhoods are the best for small. Let’s look at what neighborhoods had the best deals for 2 bed, 2 bath homes sold in the past year in Leon County.
Overview of 2 bed, 2 bath sales in Tallahassee in 2022
Let’s start with an overview of locations where the two-bedroom, two-bathroom homes sold in Leon County in 2022. In 2022, 523 total sales were designated as 2/2 homes, and about 20% (111) of those homes also have a half bath. About 14% or 69 sales were single detached family homes. As you can see from the chart below, most of these sales were located near the universities or downtown areas. The totals are off a little; I removed the mobile home sales from the charts.
If you have any questions about these charts, don’t hesitate to contact us. We are Tallahassee real estate agents and look forward to helping you make your next move. If you are considering downsizing, we would love to be your Tallahassee Realtors. We respond to calls and texts quickly between 9am and 7pm eastern time.
2 Bed, 2 Bath Townhomes, and Condos in Tallahassee
After the recession, townhomes and condominiums were the slowest to recover their value. In some locations, the condos still sell below the highest sales price in 2007 or 2008. If you are considering a condo and will need to finance the purchase, hire a local loan officer. Many of the condos will not qualify for financing with traditional lenders. We have seen buyers lose their deposit because their out-of-town lender did not qualify the condo for financing. Most often, the disqualification is caused by FHA insurance requirements or the structure of the homeowners association. If you use FHA financing, you will have better results shopping for townhomes than condos.
From the chart below, you can see why Breckenridge on Park is so popular. These townhouses qualify for various types of financing, have low HOA dues, are conveniently located, and have great curb appeal. The median age for this neighborhood is 31 years old, making it perfect for first-time home buyers. The potential downside for those buyers is that 77% of the neighborhood is rental properties. However, the values have risen over 25% over the past two years.
A Little About the 2 Bed, 2 Bath Townhouses in Breckenridge on Park
Every sale in Breckenridge on Park in 2022 was a 2 bed, 2 bath home. The HOA for Breckenridge on Park charges dues of approximately $100 yearly. There is also an unofficial Facebook page here. The sales prices ranged from $100,000 to $180,000 and the square footage ranged from 880 square feet to a little over 1,000 square feet. They average only a little over 20 days on the market and well-maintained homes saw multiple offers.
These 2 bed, 2 bath townhouses are single story which is cool because no one will stomp on your ceiling. The townhomes qualify for various financing types, have low HOA dues, are conveniently located, and have great curb appeal. The median age for this neighborhood is 31 years old, making it perfect for first-time home buyers. The potential downside for those buyers is that 77% of the neighborhood is rental properties. However, the values have risen over 25% over the past two years.
2 Bed, 2 Bath Detached Single Family Homes in Tallahassee
If you are looking for a 2 bedroom, 2 bath single detached family home, only 69 sold in 2022. The sold prices ranged from $65,000 to $457,500, with a median value of $220,500. Of those sales, 46% (32) were conventional financing, and 32% (22) were cash sales. There were at least three new construction sales; the oldest residence sold last year was built in 1938. The most common dates were in the mid-80s for construction. The average yearly homeowners’ association dues were $226. The size of the houses ranged from 748 square feet to a whopping 2,558 square feet. The median square footage of the sales was 1,221. Only 12% (8) had a half bath for guests, and 54% (37) had fireplaces.
Please let us know if this is helpful information and what other questions you have!
