NOT LISTED FOR SALE

1950 NW 55th Terrace Gainesville, FL 32605

Estimated Value: $212,000 - $252,000

3 Beds
1 Bath
1,352 Sq Ft
$169/Sq Ft Est. Value

Last Sold December 05, 2022

Last sale price $169,700 $126 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,517/month

58 Days on Market

Highlights

  • No HOA
  • Patio
  • Inside Utility
  • Meadowbrook Elementary School Rated A-
  • Laundry Room
  • Outdoor Storage

About This Home

As of December 2022

$5,000 credit for buyer closing costs or 2/1 buy down for buyer to get an interest rate 2% lower that current market rate. Also, current mortgage is FHA assumable at 4.75%. Great way to start! Take a look at this 3 bedroom 1 bath concrete block home in NW Gainesville. Updated great room with vinyl plank flooring. Spacious kitchen with wood cabinets and recent appliances. Adjacent dining area with sliding doors that open up to a concrete patio and fenced yard with a large storage building. 2 bedroom and a full bath on one side of the home. The main bedroom is large and has a good size walk-in closet. Right off the inside laundry room is the 3rd bedroom complete with a closet and a private entrance. This 3rd bedroom could also make a great home office, bonus room or game room. Zoned for highly rated schools. No HOA fees or restrictions! Roof 2007.

Last Agent to Sell the Property

Jonathan Colon

WATSON REALTY CORP License #0635112 Listed on: 09/06/2022

WATSON REALTY CORP

Last Buyer's Agent

Art Nagan

BHGRE THOMAS GROUP License #3464149

BHGRE THOMAS GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,277

Year Built

  • Built in 1966

Lot Details

  • 0.28 Acre Lot
  • East Facing Home
  • Property is zoned R-1A

Parking

  • Driveway

Home Design

  • Slab Foundation
  • Shingle Roof
  • Concrete Siding

Interior Spaces

  • 1,352 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Inside Utility
  • Laundry Room
  • Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Patio
  • Outdoor Storage

Schools

  • Hidden Oak Elementary School
  • Fort Clarke Middle School
  • F. W. Buchholz High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • West Park Add 2 Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,277

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Concrete, Other
  • Fireplace: No
  • Living Area: 1352
  • Lot Size Acres: 0.28
  • New Construction: No
  • Year Built: 1966
  • Building Area Total: 1416
  • Lot Size Sq Ft: 12197
  • Directions to Property: NW 23rd Ave to NW 55th terrace, turn south and look for home on the right.
  • Status: Sold
  • Street Direction: NW
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/GC508133?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/GC508133?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.91779
  • Price per Sq Ft: 125.52
  • Close to Original List Price Ratio: 0.84892
  • Ratio: Current Price\Building Area Total: 119.84
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Estimated
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Laminate
  • Full Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 1950
  • Room Count: 3
  • Additional Rooms: Inside Utility
  • ResoLivingAreaSource: Estimated

Exterior Features

  • Direction Faces: East
  • Exterior Features: Storage
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Patio
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Driveway
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Water Available, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Room
  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Schools

  • Elementary School: Hidden Oak Elementary School-AL
  • High School: F. W. Buchholz High School-AL
  • Middle Or Junior School: Fort Clarke Middle School-AL

Lot Info

  • Zoning: R-1A
  • Parcel Number: 06353-024-000
  • Additional Parcels: No
  • Fencing: Other
  • Flood Zone Code: X
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 1276.97
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2022
Closed on
Dec 2, 2022
Sold by
Stokes Thomas R and Kailtyn Ashley
Bought by
Paul Marie Rita and Levy Andrew Paul
Seller's Agent
Jonathan Colon
WATSON REALTY CORP
Buyer's Agent
Art Nagan
BHGRE THOMAS GROUP
List Price
$199,900
Sold Price
$169,700
Premium/Discount to List
-$30,200
-15.11%
Views
127
Current Estimated Value
$228,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,870
Avg. Annual Appreciation
9.90%

Purchase Details

Closed on
Dec 14, 2010
Sold by
Walsh Jerry F and Walsh Anna K
Bought by
Stokes Thomas R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,511
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 15, 2002
Sold by
Dearden Chris A and Dearden Robin L
Bought by
Walsh Jerry F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,316
Interest Rate
6.67%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 29, 2000
Sold by
Hacker John W and Hacker Donna A
Bought by
Dearden Chris A and Dearden Robin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,114
Interest Rate
8.24%
Mortgage Type
VA

Purchase Details

Closed on
Mar 28, 1996
Sold by
Brown R Coleman and Brown Ina C
Bought by
Hacker John W and Hacker Donna A

Purchase Details

Closed on
Nov 1, 1980
Bought by
Stokes Thomas R
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Paul Marie Rita $169,700 --
Stokes Thomas R $96,000 Community Title Llc
Walsh Jerry F $83,000 --
Dearden Chris A $70,700 --
Hacker John W $46,900 --
Stokes Thomas R $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stokes Thomas R $86,511
Previous Owner Stokes Thomas R $7,500
Previous Owner Walsh Jerry F $84,000
Previous Owner Walsh Jerry F $82,316
Previous Owner Dearden Chris A $72,114
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2022 12/05/22 Sold $169,700 -8.2% $126 / Sq Ft
11/04/2022 11/04/22 Pending -- -- --
10/31/2022 10/31/22 Price Changed $184,900 -7.5% $137 / Sq Ft
10/29/2022 10/29/22 For Sale $199,900 0.0% $148 / Sq Ft
10/24/2022 10/24/22 Pending -- -- --
09/06/2022 09/06/22 For Sale $199,900 -- $148 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,268 $169,957 $65,000 $104,957
2023 $3,268 $141,096 $65,000 $76,096
2022 $1,324 $83,627 $0 $0
2021 $1,277 $81,191 $0 $0
2020 $1,254 $80,070 $0 $0
2019 $1,178 $78,270 $0 $0
2018 $1,137 $76,810 $0 $0
2017 $1,135 $75,230 $0 $0
2016 $981 $73,690 $0 $0
2015 $990 $73,180 $0 $0
2014 $1,004 $72,600 $0 $0
2013 -- $74,500 $20,000 $54,500
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Colon

    Seller's Agent in 2022

    Jonathan Colon

    WATSON REALTY CORP

    (352) 538-1453

    320 Total Sales

    Section Image
  • Art Nagan

    Buyer's Agent in 2022

    Art Nagan

    BHGRE THOMAS GROUP

    (352) 644-9232

    83 Total Sales

    Section Image
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Map

Source: Stellar MLS

MLS Number: GC508133

Stellar MLS

APN: 06353-024-000

Florida Alachua County Gainesville 32605

1950 NW 55th Terrace, Gainesville, FL

This home is located at 1950 NW 55th Terrace, Gainesville, FL 32605 since 06 September 2022 and is currently estimated at $228,570, approximately $169 per square foot. This property was built in 1966. 1950 NW 55th Terrace is a home located in Alachua County with nearby schools including Meadowbrook Elementary School, F.W. Buchholz High School, and Fort Clarke Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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