NOT LISTED FOR SALE

2905 SW Archer Rd Unit 5005 Gainesville, FL 32608

Estimated Value: $130,000 - $145,000

2 Beds
2 Baths
800 Sq Ft
$289/mo HOA Fee

Last Sold June 12, 2024

Last sale price $150,000 $188 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $1,256/month

23 Days on Market

Highlights

  • Open Floorplan
  • Community Pool
  • Laundry closet
  • Eastside High School Rated A-
  • Family Room Off Kitchen
  • Tile Flooring

About This Home

As of June 2024

INVESTOR ALERT! Close and begin collecting rent immediately on this well-maintained 2 bed/2 bathroom condominium just up the street from the University of Florida, Shands Hospital and the VA. Already leased through July 31st, 2025 with rents secured at $1,300 for the 2024 - 2025 leasing season! Each bedroom features a private bathroom and walk-in closet. The floor plan has a split plan with an spacious open concept kitchen/living/dining combo. The current owner has replaced the flooring with durable luxury vinyl plank flooring that will last - no messy carpet! There is a community pool and bus stop outside the community with several direct bus routes to UF and Shands. It's so rare that a hassle free, well maintained investment presents itself in such an idyllic location. There's even a professional property management company already in place for any out-of-town investors. Come experience the true definition of passive income!

Last Agent to Sell the Property

Matt Price

UNIVERSITY REALTY Brokerage Phone: 352-327-9500 License #3082307 Listed on: 04/20/2024

Co-Listed By

Tyler Peters

UNIVERSITY REALTY Brokerage Phone: 352-327-9500 License #3351895

Last Buyer's Agent

Hongtao Liu

BHGRE THOMAS GROUP License #3254779

BHGRE THOMAS GROUP

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,158

Year Built

  • Built in 1998

Lot Details

  • West Facing Home

HOA Fees

  • $289 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 800 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Family Room Off Kitchen

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include insurance, ground maintenance, management, pool, trash
  • Capstone Quarters Condo Subdivision
  • The community has rules related to deed restrictions

Amenities

  • Community Mailbox

Recreation

  • Community Pool

Pet Policy

  • Pets up to 40 lbs
  • Pet Size Limit
  • 2 Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,158

Year Built

Built in 1998

Lot Details

0

HOA Fees

$289 per month

Listing Details

  • HOA Fee Includes: Insurance, Maintenance Grounds, Management, Pool, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Other
  • Fireplace: No
  • Living Area: 800
  • New Construction: No
  • Year Built: 1998
  • Building Area Total: 800
  • Status: Sold
  • Street Direction: SW
  • Co List Office Mls Id: MFR259504837
  • Co List Office Phone: 352-327-9500
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 74.32
  • Escrow State: FL
  • Floor Number: 1
  • Minimum Lease: 5 Months
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 187.50
  • Water Access YN: 0
  • Condo Fees Term: Monthly
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 352-327-9500
  • Tax Year: 2023
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Luxury Vinyl, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Kitchen/Family Room Combo, Open Floorplan, Split Bedroom, Thermostat
  • Appliances Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 74.32

Exterior Features

  • Direction Faces: West
  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Disclosures: Other Disclosures, Seller Property Disclosure
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12001C0313E

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Sewer Available, Water Available
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Closet, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Community Mailbox, Deed Restrictions, Pool
  • Association Amenities: Pool
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Pet Restrictions: It is recommended that a Buyer review the community documents to verify the accuracy of the pet restrictions and for specific details regarding pet restrictions. The listing info in this section is believed to be accurate, but is not guaranteed.
  • Association Fee Requirement: None
  • Condo Fees: 289
  • Condo Land Included YN: 0
  • Max Pet Weight: 40
  • Monthly Condo Fee Amount: 289
  • Pet Size: Medium (36-60 Lbs.)
  • Development: Capstone Quarters

Fee Information

  • Total Annual Fees: 3468.00
  • Total Monthly Fees: 289.00

Lot Info

  • Zoning: MULTI-FAM
  • Parcel Number: 06774-010-505
  • Additional Parcels: No
  • Flood Zone Code: X

Rental Info

  • Pets Allowed: Number Limit, Size Limit, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: It is recommended that a Buyer review the community documents to verify the accuracy of the leasing restrictions and for specific details regarding leasing restrictions. The listing info in this section is believed to be accurate, but is not guaranteed.
  • Month To Month Or Weekly YN: 0

Tax Info

  • Tax Annual Amount: 2158
  • Tax Lot: -

Multi Family

  • Currency Monthly Rent Amt: 1300.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2024
Closed on
Jun 12, 2024
Sold by
Berglass Michael and Rivera Gilbert
Bought by
Lin Chih-Yang and Su Pin-Ming
Seller's Agent
Matt Price
UNIVERSITY REALTY
Buyer's Agent
Hongtao Liu
BHGRE THOMAS GROUP
List Price
$159,900
Sold Price
$150,000
Premium/Discount to List
-$9,900
-6.19%
Views
34
Current Estimated Value
$137,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,412
Avg. Annual Appreciation
-5.35%

Purchase Details

Closed on
Feb 28, 2023
Sold by
Chung Yung J
Bought by
Berglass Michael and Rivera Gilbert

Purchase Details

Closed on
Aug 16, 2005
Sold by
University Commons Gainesville West Ltd
Bought by
Chung Yung J and Chung Johnny K
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Lin Chih-Yang $150,000 Atlas Title
Berglass Michael $1,360 Atlas Title
Chung Yung J $125,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2024 06/12/24 Sold $150,000 -6.2% $188 / Sq Ft
05/14/2024 05/14/24 Pending -- -- --
04/20/2024 04/20/24 For Sale $159,900 -- $200 / 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
2025 $2,976 $130,000 -- $130,000
2024 $2,158 $125,000 -- $125,000
2023 $2,158 $118,000 $0 $118,000
2022 $1,725 $80,000 $0 $80,000
2021 $1,639 $76,500 $0 $76,500
2020 $1,539 $76,000 $0 $76,000
2019 $1,429 $67,000 $0 $67,000
2018 $1,188 $52,500 $0 $52,500
2017 $1,150 $52,500 $0 $52,500
2016 $1,031 $42,500 $0 $0
2015 $1,016 $41,000 $0 $0
2014 $1,025 $41,000 $0 $0
2013 -- $41,000 $0 $41,000
Source: Public Records

Agents Affiliated with this Home

  • Matt Price

    Seller's Agent in 2024

    Matt Price

    UNIVERSITY REALTY

    (352) 281-3551

    439 Total Sales

    Matt Price
    Section Image

  • T

    Seller Co-Listing Agent in 2024

    Tyler Peters

    UNIVERSITY REALTY

    (352) 226-1829

    180 Total Sales

    Tyler Peters
    Section Image

  • H

    Buyer's Agent in 2024

    Hongtao Liu

    BHGRE THOMAS GROUP

    (352) 327-8816

    103 Total Sales

    Hongtao Liu
    Section Image
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Map

Source: Stellar MLS

MLS Number: GC521259

Stellar MLS

APN: 06774-010-505

Florida Alachua County Gainesville 32608

2905 SW Archer Rd Unit 5005, Gainesville, FL

Not Listed for Sale

Condos

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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