1124 ALABAMA STREET, TALLAHASSEE, FL, 32304
Active102 days on marketListed Apr 28, 2026MLS #TB8502572
About this home
1124 ALABAMA STREET
Great investment opportunity in the heart of Tallahassee! This single-family home offers approximately 1,044 sq ft of living space and sits on a spacious lot just under 7,000 sq ft. Built in 1958, the property features a functional layout with 3 bedrooms and 1 bathroom, making it ideal for rental income or a value-add renovation project. Located in the established Griffin Heights neighborhood, the home is conveniently positioned near schools, shopping, and major roadways, with close proximity to Florida State University and downtown Tallahassee. The area shows consistent rental demand, with estimated rents around $1,500/month, offering solid cash flow potential for investors. Property includes a large yard, providing room for outdoor improvements or future enhancements. Whether you're looking to expand your portfolio or secure an affordable entry into the Tallahassee market, this property presents strong upside potential.
Facts & features
The home at a glance
3
Bedrooms
1
Bathrooms
1,144
Sqft
0.16 ac
Lot size
1958
Year built
One
Levels
$41
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$607 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$607/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Tallahassee actives
$41 vs $168
Days on market
102 vs 42 typical
Where $41/sqft sits among the 9 Tallahassee actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Griffin Heights
Get to know Tallahassee. See the full Tallahassee guide →
Griffin Heights — neighborhood snapshot
Population
4,888
Median age
35
Median income
$26,553
Median home value
$116,511
Avg household
2
Households w/ children
341
For the school run
Leon County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Tallahassee market
$1.5M → $320K
Tallahassee median sold, yr/yr
94.1%
Sale-to-list ratio (12 mo)
2 of 9
Tallahassee actives have cut their price
Median sold price, Tallahassee, trailing 36 months (3-month rolling) · live MLS data.
Paper trail
This home's history
Reality check
What actually sold near 1124 ALABAMA STREET
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Oct ’25$42,000
2628 FIVE OAKS LN · same community
2 bd · 1 ba · 1,088 sqft · $39/sqft · 37 DOM
Sold · May ’26$149,000
754 GOLD NUGGET TRAIL
2 bd · 2 ba · 1,050 sqft · $142/sqft · 187 DOM
Sold · Nov ’25$235,000
1115 N WOODWARD AVENUE
3 bd · 2 ba · 1,496 sqft · $157/sqft · 0 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 1124 ALABAMA STREET — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1124 ALABAMA STREET — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
1124 ALABAMA STREET FAQs
What would the monthly payment be for 1124 ALABAMA STREET?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $607/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 1124 ALABAMA STREET?+
The most recent tax bill on record (2025) was $1,834. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Tallahassee?+
At $46,500, this home is listed about 80% below the Tallahassee median of $236,000. The market section on this page shows how the area is trending.
Which schools are assigned to 1124 ALABAMA STREET?+
Griffin Middle School (middle), John G Riley Elementary School (elementary), Amos P. Godby High School (high) — Leon County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of LOKATION · Richard Carey. MLS #TB8502572.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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