tomo logo

$930,000

Beds
3
Baths
2.5
sq ft
2,342

5311 NW 98th Ter, Gainesville, FL 32653

5311 NW 98th Ter

GAINESVILLE, FL 32653

  • 72 days on market
With its unparalleled architectural beauty, breath-taking panoramic views, and seamless blend of luxury and nature, 5311 NW 98th Terrace isn’t just a home—it's a private retreat offering the ultimate Florida lifestyle. Want to know more?! 1. ARCHITECTURAL DESIGN: This post-modern, fully renovated, multi-level home is inspired by Frank Lloyd Wright's designs, offering a "treehouse" aesthetic with extensive use of natural materials and seamless integration into its wooded setting. Its design emphasizes light, space, and connection to nature offering a luxurious and unique living experience. 2. EXCLUSIVE AMENITIES: The property boasts a heated 40-foot lap pool within a multi-story screened enclosure. Situated on nearly two acres of wooded land, an abundance of large windows and natural light, high ceilings, multiple decks and balconies, ensures that the property provides stunning lake views and an immersive connection to nature. 3. SPACIOUS LUXURIOUS LIVING: With over 2,300 square feet of living space spread across 4 levels, excluding the 400 square foot main screened deck area and double car garage, the home includes a sunken lounge, open-concept living and dining areas, and a top-floor observatory. The primary suite features a spa-like ensuite bathroom with a freestanding tub and a two-story rain shower and takes up the entire 3rd floor. While the music room, guest bedrooms and guest bathroom, a occupy the 1st floor. 4. MODERN CONVENIENCES: The home has been totally upgraded and is fully equipped with modern features like a built-in elevator. The home is equipped with high-end appliances, luxury flooring and also features a showcase spiral staircase spanning the 4 floors, granite countertops, and custom wood cabinetry. 5. LOCATION: An upscale, highly sought-after neighborhood, located just 19 minutes from the University of Florida and 23 minutes from Gainesville Airport; other nearby amenities include Devil’s Millhopper Geological State Park and San Felasco Hammock Preserve State Park, Hunter's Crossing shopping center, UF Health Shands Hospital and more, offering a balanced lifestyle, offering both tranquility and accessibility to urban conveniences. 6. FLOOD ZONE X: Unlike many Florida properties, this home is situated in a Flood Zone X, providing peace of mind for buyers concerned about climate risks.

Details

Property type

Single Family Residence

Est. home value

$609,208

Lot size

2.00 acres

Price per sq ft

$398

Year built

1993

Annual property taxes

$4,950.19

Monthly HOA fee

$54.17

Price History

11/11/2024
StellarMLS

StellarMLS #O6256607

Listed
$930,000
-13.89%
11/01/2024
StellarMLS

StellarMLS #GC522202

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

StellarMLS #GC522202

Listed
$1,080,000
+116%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$619,101
Asking price
$930,000
Closing costs (~8% of asking)
-$74,400
Est. remaining loan balance
-$236,499
Cash to seller
$619,101

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

$236,499

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: Active

Tomo last checked: 01/22/2025 at 6:50 PM

Listing updated: 12/24/2024 at 12:54 PM

Listed by: Steven Koleno, BEYCOME OF FLORIDA LLC Phone #: (804) 656-5007

MLS: StellarMLS #O6256607

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Recently listed in GAINESVILLE