NOT LISTED FOR SALE

3123 SW 26th Terrace Unit A & B Gainesville, FL 32608

Estimated Value: $202,000 - $230,000

2 Beds
1 Bath
1,860 Sq Ft
$114/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $165,000 $89 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,450/month

33 Days on Market

Highlights

  • Open Floorplan
  • Property is near public transit
  • Tile Flooring
  • Eastside High School Rated A-
  • Laundry closet
  • Central Heating and Cooling System

About This Home

As of May 2022

Investment alert! Duplex is located in the Pheonix neighborhood. It can be owner-occupant on one side and have another side of the unit to provide an active rent income. There is a long-term section 8 tenant in place with unit B, cash flow immediately! The property has a concrete base with a private fenced backyard on both units. Each unit has 2 bedrooms upstairs to share 1 bathroom, and a half bathroom downstairs. Unit A has been upgraded very recently. Interior walls have been freshly painted, new stove and new exhauster in the kitchen, A/C was served in March. New shower bathtub in the 2nd-floor bathroom. The convenient location is just minutes drive distance from the UF campus, Shands, and VA hospital.

Last Agent to Sell the Property

Rainbow Young

BOSSHARDT REALTY SERVICES LLC License #3317535 Listed on: 03/23/2022

BOSSHARDT REALTY SERVICES LLC

Last Buyer's Agent

Levaughn Malcolm

LEX LAND REALTY License #3517377

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,558

Year Built

  • Built in 1979

Lot Details

  • 2,800 Sq Ft Lot
  • Property fronts a private road
  • Fenced

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • Duplex
  • Bi-Level Home
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,860 Sq Ft Home
  • Open Floorplan
  • Combination Dining and Living Room
  • Laundry closet

Kitchen

  • Convection Oven
  • Cooktop

Flooring

  • Carpet
  • Tile

Location

  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Electric Water Heater

Listing and Financial Details

  • Down Payment Assistance Available
  • Visit Down Payment Resource Website
  • Tenant pays for electricity, sewer, trash collection, water
  • Tax Lot 3
  • Assessor Parcel Number 07314-005-003

Community Details

Overview

  • 1,900 Sq Ft Building
  • Pheonix Association
  • Phoenix Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,558

Year Built

Built in 1979

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block, Wood Frame
  • Fireplace: No
  • Living Area: 1860
  • Lot Size Acres: 0.06
  • New Construction: No
  • Year Built: 1979
  • Building Area Total: 1900
  • Lot Size Sq Ft: 2800
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • Directions to Property: From SW Archer Road turns to SW 23rd Ter, turn right to SW 31st Place, turn left to 26th Ter. Home is on the 3rd lot.
  • Status: Sold
  • Street Direction: SW
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/GC503488?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/GC503488?w=Customer
  • Unit Count: 1
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 88.71
  • Close to Original List Price Ratio: 1
  • Ratio: Current Price\Building Area Total: 86.84
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Interior Amenities: Living Room/Dining Room Combo, Dormitorio Principal Arriba, Open Floorplan
  • Appliances Included: Convection Oven, Cooktop, Electric Water Heater, Refrigerator
  • Foundation Details: Slab
  • Levels: Two
  • Street Number Modifier: 3123
  • Number Of Buildings: 1

Exterior Features

  • Exterior Features: Fenced
  • Roof: Shingle
  • Pool Private: No
  • Road Frontage Type: Private Road
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Environmental Disclosure, HOA/PUD/Condo Disclosure

Garage/Parking

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

Utilities

  • Utilities: Public, Street Lights, Underground Utilities
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Association Name: PHEONIX ASSOCIATION
  • Association: Yes
  • Senior Community: No
  • Association Email: Gore Rabell Realty
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 500
  • Monthly HOA Fee: 41.67
  • Total Monthly Fees: 41.67

Lot Info

  • Zoning: MFR
  • Parcel Number: 07314-005-003
  • Additional Parcels: No
  • Lot Features: Near Public Transit
  • Flood Zone Code: X

Rental Info

  • Pets Allowed: Yes

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1558
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2022
Closed on
May 27, 2022
Sold by
Lloyd Gabay
Bought by
Altomare Joshua
Seller's Agent
Rainbow Young
BOSSHARDT REALTY SERVICES LLC
Buyer's Agent
Levaughn Malcolm
LEX LAND REALTY
List Price
$165,000
Sold Price
$165,000
Current Estimated Value
$212,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,022
Avg. Annual Appreciation
7.61%
Original Mortgage
$123,000
Outstanding Balance
$116,860
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$95,162

Purchase Details

Closed on
Oct 18, 2005
Sold by
Barrett Hugh H and Barrett Cynthia A
Bought by
Gabay Lloyd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
5.76%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 8, 2002
Sold by
Dowst Joni
Bought by
Barrett Cynthia A and Barrett Hugh H

Purchase Details

Closed on
Dec 15, 1999
Sold by
Plethora Inv N Fl Inc
Bought by
Dowst Joni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 1995
Bought by
Gabay Lloyd

Purchase Details

Closed on
Aug 1, 1981
Bought by
Gabay Lloyd

Purchase Details

Closed on
Jun 1, 1979
Bought by
Gabay Lloyd
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
Altomare Joshua $165,000 New Title Company Name
Gabay Lloyd $95,000 Abstract & Title Svcs Inc
Barrett Cynthia A $37,000 --
Dowst Joni $30,000 --
Gabay Lloyd $100 --
Gabay Lloyd $100 --
Gabay Lloyd $51,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Altomare Joshua $123,000
Previous Owner Gabay Lloyd $76,000
Previous Owner Dowst Joni $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2022 05/27/22 Sold $165,000 0.0% $89 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
03/23/2022 03/23/22 For Sale $165,000 -- $89 / 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 $3,551 $150,791 $40,000 $110,791
2023 $3,551 $150,320 $45,000 $105,320
2022 $1,730 $104,472 $35,000 $69,472
2021 $1,623 $93,001 $35,000 $58,001
2020 $1,490 $83,445 $35,000 $48,445
2019 $1,593 $102,193 $60,000 $42,193
2018 $1,149 $58,900 $15,600 $43,300
2017 $1,009 $43,100 $15,600 $27,500
2016 $856 $30,700 $0 $0
2015 $892 $31,600 $0 $0
2014 $923 $32,500 $0 $0
2013 -- $29,700 $9,600 $20,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: GC503488

Stellar MLS

APN: 07314-005-003