tomo logo

$350,000

Beds
3
Baths
1.0
sq ft
1,082

714 NE 7th Ter, Gainesville, FL 32601

714 NE 7th Ter

GAINESVILLE, FL 32601

  • <1 day on market
Charming, updated home near the Duckpond was extensively renovated in 2023. A large island compliments wood cabinets in the open plan space, with quartz counters and stainless-steel appliances in the kitchen, updated bathroom, and new tile throughout the main living spaces and bath. Original parquet floors in the bedrooms have been refinished. The oversized lot sits on a cul-de-sac with a quiet, private patio overlooking the backyard and mature trees. Additional updates include the HVAC, tankless gas water heater, lights, ceiling fans, electrical and plumbing. Garage with built-in shelving is connected by a covered patio breezeway.

Details

Property type

Single Family Residence

Est. home value

$339,224

Lot size

0.34 acres

Price per sq ft

$324

Year built

1950

Annual property taxes

$4,326

HOA

No

Price History

04/04/2025
StellarMLS

StellarMLS #GC529626

Listed
$350,000
+1.74%
10/25/2023
StellarMLS

StellarMLS #GC515517

Sold
$344,000
+67.28%
03/13/2023
StellarMLS

StellarMLS #GC508199

Sold
$205,640

Schools & Community

Neighborhood: 

Duckpond

Elementary school: 

W. A. Metcalfe Elementary School-AL

Middle school: 

Westwood 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

$67,683
Asking price
$350,000
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$254,317
Cash to seller
$67,683

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

Seller’s Loan History

Lender

The Mortgage Firm Inc

Loan start date

October 2023

Original loan amount

$258,000

Est. remaining balance

$254,317

Interest rate

7.12%

Loan type

New Conventional, 30 year

Seller

Morgan Charles Sveen

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: 04/04/2025 at 7:25 PM

Listing updated: 04/04/2025 at 3:49 PM

Listed by: Pamela Gretter, WATSON REALTY CORP Phone #: (352) 377-8899

MLS: StellarMLS #GC529626

StellarMLS logo

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