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$342,400

Beds
3
Baths
2.0
sq ft
1,434

724 NW 7th Ave, Gainesville, FL 32601

724 NW 7th Ave

GAINESVILLE, FL 32601

  • 146 days on market
    • Price drop $2,500↓
**Roof replacement prior to closing with acceptable offer** This adorable, historic cottage located in the heart of Downtown Gainesville is a must see! Conveniently located within walking distance to the University of Florida, Santa Fe College's Downtown Blount Center, Midtown, Downtown Gainesville, Grove Street, 4th Ave Food Park, and so much more make this the perfect home for your college student and/or as a student rental. When you arrive you'll love the private wood fence and gated entry driveway with plenty of secure parking on the property. The charming 1960's cottage exterior adds character and makes you feel right at home. The covered front porch leads to a fully enclosed, cooled & heated Florida room perfect for a bonus living space or at home study space. Step inside to a spacious open concept living area that has been fully remodeled with luxury vinyl plank floors, new paint, new fixtures, and fully renovated kitchen featuring: a large island, plenty of storage space, and stainless steel appliances. Just off the living area are two well appointed bedrooms and a fully renovated bathroom boasting a beautiful free standing shower with glass doors. At the back of the home, you'll appreciate a massive primary suite with a spacious en suite bathroom and a private entry/exit to the side porch. The large, screened-in side porch provides privacy and a perfect spot for relaxing on the hanging swing bed! Additional features include: inside utility and laundry room with washer & dryer located between the kitchen and primary suite; perfectly sized backyard for playing corn hole or catching some vitamin D; newer HVAC & water heater and 5 year renewable termite bond. Call today to schedule your showing! *Buyer to verify all property details.*

Details

Property type

Single Family Residence

Est. home value

$235,233

Lot size

4,792 sq ft

Price per sq ft

$239

Year built

1960

Annual property taxes

$2,263.16

HOA

No

Price History

10/23/2024
StellarMLS

StellarMLS #GC522816

Price change
$342,400
-0.72%
09/12/2024
StellarMLS

StellarMLS #GC522816

Listed
$344,900
09/02/2024
StellarMLS

StellarMLS #GC522816

Pending
$344,900

Schools & Community

Neighborhood: 

Fifth Avenue

Elementary school: 

Carolyn Beatrice Parker Elementary

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

$200,177
Asking price
$342,400
Closing costs (~8% of asking)
-$27,392
Est. remaining loan balance
-$114,831
Cash to seller
$200,177

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

Seller’s Loan History

Lender

First Community Mortgage Inc

Loan start date

July 2020

Original loan amount

$121,600

Est. remaining balance

$114,831

Interest rate

3.24%

Loan type

New Conventional, 40 year

Seller

Morgan J Brick and Tracy E Brick

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: 11/05/2024 at 3:35 AM

Listing updated: 10/30/2024 at 5:09 PM

Listed by: Jonathan Mills, KELLER WILLIAMS GAINESVILLE REALTY PARTNERS Phone #: (352) 240-0600

MLS: StellarMLS #GC522816

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