tomo logo

$229,000

Beds
3
Baths
2.0
sq ft
1,205

703 SW 5th St, Gainesville, FL 32601

703 SW 5th St

GAINESVILLE, FL 32601

  • <1 day on market
Under Construction. Pictures are from model home. Welcome to Gainesville's first land trust project by Bright Community Trust! This Brand New Construction home is part of an affordable housing program with income restrictions and a 99 year land lease for $25 per month ($300 annually). Please see attachments for detailed information on buyer requirements. Home features an open layout with lots of windows for natural light, a beautiful kitchen with soft close cabinets and rolling island, spacious dining area and living room, with vinyl plank flooring throughout the main part of the house. Bedrooms and bathrooms have quality finishes; primary bedroom has walk-in closet and en suite bathroom. Conveniently located in Porters Community just around the corner from the beautiful Depot Park and close to shops, restaurants, and more. First Time Home Buyer Only, Owner/Occupants Only-Investors Not Eligible. Home due to be completed mid April.

Details

Property type

Single Family Residence

Est. home value

$217,613

Property condition

Under Construction
New Construction

Lot size

7,405 sq ft

Price per sq ft

$191

Year built

2025

Annual property taxes

$1,012

HOA

No

Price History

01/31/2025
StellarMLS

StellarMLS #O6276501

Listed
$229,000
+22.79%
09/29/2021
StellarMLS

StellarMLS #GC447173

Sold
$186,500

Schools & Community

Neighborhood: 

Porters 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

$46,538
Asking price
$229,000
Closing costs (~8% of asking)
-$18,320
Est. remaining loan balance
-$164,142
Cash to seller
$46,538

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

Seller’s Loan History

Lender

Hamilton Home Loans Inc

Loan start date

September 2021

Original loan amount

$177,175

Est. remaining balance

$164,142

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Kelly Maclellan

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?

Status: Active

Tomo last checked: 01/31/2025 at 9:00 PM

Listing updated: 01/31/2025 at 12:30 PM

Listed by: Ben Zuber, KELLER WILLIAMS REALTY PARTNERS SW Phone #: (954) 237-0400

MLS: StellarMLS #O6276501

StellarMLS logo

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