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$609,208Estimated home value

Beds
3
Baths
2.5
sq ft
2,342

5311 NW 98th Ter, Gainesville, FL 32653

5311 NW 98th Ter

Gainesville, FL 32653

  • Sold On 5/14/2021
Beautiful modern pool home designed by Architect Tom Tonnelier in NW Gainesville''s The Hammock neighborhood. Set on 1.93 acres, this 3 bedroom 2 and a half bathroom home combines the best of nature with soaring ceilings, contemporary shapes and stunning views. Located 8 miles NW of the University of Florida, The Hammock has large lots and a natural setting. Just two miles to Hunter''s Crossing Publix shops and restaurants, walking distance to nearby parks and trails, but peaceful and quiet. Zoned for A-rated Talbott Elementary, Fort Clark Middle Schools and GHS. This dramatic home overlooks a creek and pond with views from the multiple decks, covered porches and three balconies. The ground level is perfect for an in-law suite with separate entrance, living area, bedroom, bathroom and kitchen/dining space. Through the spiral staircase is the two-story Family Room, open kitchen and dining area and half-circle guest bathroom. Up another level to the Owner''s Suite with large bathroom and two story shower. The top level is like living amongst the trees and is perfect as a den or small third bedroom. The lap pool has a three story screened enclosure with decks and covered porch. Two car side entry garage. Annual HOA dues of $600.

Details

Property type

Single Family Residence

Est. home value

$609,208

Lot size

1.93 acres

Price per sq ft

$225

Year built

1993

Annual property taxes

$5,219

Monthly HOA fee

$50

Price History

11/01/2024
StellarMLS

StellarMLS #GC522202

Removed
$1,080,000
05/22/2024
StellarMLS

StellarMLS #GC522202

Listed
$1,080,000
+116%
05/14/2021
StellarMLS

StellarMLS #GC440065

Sold
$500,000

Schools & Community

Elementary school: 

William S. Talbot Elem School-AL

Middle school: 

Fort Clarke Middle School-AL

High school: 

Gainesville High School-AL

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$241,988
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$241,012
Cash to seller
$241,988

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Nfm Inc

Loan start date

May 2021

Original loan amount

$300,000

Est. remaining balance

$241,012

Interest rate

2.45%

Loan type

New Conventional, 15 year

Seller

Roland Tan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Off Market

Tomo last checked: 11/05/2024 at 5:55 AM

Listing updated: 09/19/2023 at 9:42 PM

Listed by: Mike Hastings, DAWN REALTY Phone #: (352) 318-4580

MLS: StellarMLS #GC440065

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