tomo logo

$439,333Estimated home value

Beds
3
Baths
2.0
sq ft
2,302

705 NE 7th Ave, Gainesville, FL 32601

705 NE 7th Ave

GAINESVILLE, FL 32601

  • Sold On 9/6/2024
Discover a beautifully updated gem in the heart of Gainesville, just steps away from downtown! As you step inside 705 NE 7th Ave, you're greeted by gorgeous, newly refinished original hardwood floors and large windows that flood the spacious rooms with natural light, creating a bright and airy atmosphere. The indoor charm seamlessly extends outdoors to a newly created oasis, where a freshly landscaped yard and new patio offer the perfect setting for al fresco dining or entertaining friends. An unexpected luxury awaits with the addition of an outdoor shower - ideal for rinsing off after a day exploring or a workout. This home is move-in ready while still offering a blank canvas for your personal touch. Whether you're looking to preserve its classic character or reimagine the space entirely, you'll find an excellent starting point here. The home's great bones have been lovingly preserved and enhanced, with a complete replacement of the electric and water systems in 2022, foundation reinforcement in 2023, and a brand new roof in 2024, ensuring this gem is rock-solid for years to come. Nestled in the highly desirable Duckpond neighborhood, you'll enjoy the convenience of going to local farmer's markets, restaurants, the Thomas Center, and all the vibrant offerings of downtown Gainesville. It's also a short bike ride to the University of Florida and public parks, making it an ideal location for academics and nature lovers alike. Don't let this rare opportunity slip through your fingers - start envisioning your future in this charming Gainesville home that perfectly blends history with modern comfort!

Details

Property type

Single Family Residence

Est. home value

$439,333

Lot size

0.35 acres

Price per sq ft

$217

Year built

1950

Annual property taxes

$5,047.19

Price History

09/06/2024
StellarMLS

StellarMLS #T3540896

Sold
$470,000
-5.81%
08/02/2024
StellarMLS

StellarMLS #T3540896

Pending
$499,000
07/12/2024
StellarMLS

StellarMLS #T3540896

Listed
$499,000
+36.71%

Schools & Community

Neighborhood: 

Duckpond

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

$128,314
Asking price
$499,000
Closing costs (~8% of asking)
-$39,920
Est. remaining loan balance
-$330,766
Cash to seller
$128,314

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

Seller’s Loan History

Lender

Planet Home Lending Llc

Loan start date

April 2022

Original loan amount

$346,750

Est. remaining balance

$330,766

Interest rate

3.69%

Loan type

New Conventional, 30 year

Seller

Jacob Speedy

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?

Similar Homes Nearby

Price drop
StellarMLS
$425,000
3 bd
|
2 ba
|
1,906 sq ft
|
House

930 NE 12th Ave, Gainesville, FL 32601

StellarMLS
$425,000
3 bd
|
2 ba
|
1,427 sq ft
|
House

411 NW 2nd St, Gainesville, FL 32601

Price drop
StellarMLS
$420,000
3 bd
|
3 ba
|
1,556 sq ft
|
House

1020 SW 19th Pl, Gainesville, FL 32601

Status: Off Market

Tomo last checked: 09/07/2024 at 5:05 PM

Listing updated: 09/06/2024 at 12:22 PM

Listed by: Jonathan Minerick, HOMECOIN.COM Phone #: (888) 400-2513

MLS: StellarMLS #T3540896

StellarMLS logo

Recently listed in GAINESVILLE