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

  • 12 days on market
Post-modern waterfront 4-story tree-house inspired by Frank Lloyd Wright. The area's natural beauty is captured with numerous decks and balconies, multi-aspect views through large picture windows from every level, a lap pool housed in a multi-story screened-in area. Daily living is an immersive experience into the woodland setting and waterfront views on this 1.93 acre retreat. Attention to detail is evident throughout, with fully upgraded features and modern comforts integrated seamlessly into the design. Overall, this property presents a unique opportunity to experience a lifestyle of luxury, privacy, and natural beauty in a meticulously designed and upgraded architectural home. The first floor features a stunning flexible living area which is currently used as a music room. The large picture windows a seamless connection to the outdoors, allowing natural light to flood the room. A large adjacent deck provides access to the lake and the in-ground pool. Two guest bedrooms, a double vanity bathroom with walk-in shower, a kitchenette/bar area with mini fridge, and a laundry closet complete this floor. A showcase spiral stairway, running the full height of the residence, provides access to the main living areas via a custom curved barn door. From the exterior, an elevator leads from the front deck to the main living deck. On the second floor, there is a spectacular, light-filled, open-concept layout creating a seamless flow between the sunken lounge/great room, dining area, custom-built kitchen and guest bathroom with linen closet which also showcases two-story floor to ceiling windows, offering tantalizing views of the lake. French doors lead to the multi-story screened-in, full outdoor living/dining room with staircase access to the heated 40-foot lap pool. The owners’ suite fully encompasses the third floor. Enjoy the luxurious ensuite, complete with freestanding spa bath, double vanities, linen closet and a two-story, glass-ceiling, rain shower! The suite has two sets of closets and double doors leading to a balcony overlooking the main outdoor living/dining room and the pool. Finally, the fourth floor observatory affords 360 degree area viewing and a covered balcony nestled amongst high magnolia trees and creeping jasmine. The first floor features a stunning flexible living area which is currently used as a music room. The large picture windows has a seamless connection to the outdoors, allowing natural light to flood the room. A large adjacent deck provides access to the lake and the in-ground pool. Two guest bedrooms, a double vanity bathroom with walk-in shower, a kitchenette/bar area with mini fridge, and a laundry closet complete this floor. A showcase spiral stairway, running the full height of the residence, provides access to the main living areas via a custom curved barn door. From the exterior, an elevator leads from the front deck to the main living deck. On the second floor, there is a spectacular, light-filled, open-concept layout creating a seamless flow between the sunken lounge/great room, dining area, custom-built kitchen and guest bathroom with linen closet which also showcases two-story floor to ceiling windows, offering tantalizing views of the lake. French doors lead to the multi-story screened-in, full outdoor living/dining room with staircase access to the heated 40-foot lap pool.

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

$616,089
Asking price
$930,000
Closing costs (~8% of asking)
-$74,400
Est. remaining loan balance
-$239,511
Cash to seller
$616,089

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

$239,511

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: 11/23/2024 at 4:20 AM

Listing updated: 11/14/2024 at 9:21 AM

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

MLS: StellarMLS #O6256607

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Recently listed in GAINESVILLE