Seller's Agent in 2023
Dawn Johnson
FIRST CHOICE REALTY OF NORTH FLORIDA LLC
(352) 514-9508
2 in this area
201 Total Sales
313 NE 8th Ave Gainesville, FL 32601
Duckpond NeighborhoodEstimated Value: $534,009 - $815,000
12
Beds
6
Baths
3,566
Sq Ft
$186/Sq Ft
Est. Value
Highlights
- The property is located in a historic district
- Property is near public transit
- Corner Lot
- Gainesville High School Rated A
- Wood Flooring
- No HOA
About This Home
As of October 2023This income-producing property, located within the sought-after Historic Duckpond district, comprises three contiguous parcels with a total of four buildings. Situated at the corner of 8th Ave and 4th St, this property is strategically positioned just 0.5 miles from Downtown and a mere 1.4 miles from UF.
The property boasts six well-maintained 2-bedroom, 1-bath units, with the majority of these units having undergone kitchen remodels. Additionally, these units feature elegant hardwood floors, inviting living rooms complete with fireplaces, separate dining areas, as well as screened-in and enclosed porches.
Currently, the property is fully occupied, with several long-term tenants in place. Four out of the six units have been remodeled, enhancing their appeal. Notably, all residential units are currently rented at rates below market value, presenting the opportunity for increased rental income through rate adjustments. Current Monthly Gross Income is $6,750. Rents range from $850-$1600 per month.
This property's prime location offers easy access to various amenities and institutions, including UF, downtown Gainesville, Shands Hospital, the VA Hospital, numerous dining options, shopping centers, and more. Furthermore, it is situated only steps away from prominent landmarks such as the Historic Thomas Center, Roper Park, and downtown Gainesville.
As a reminder, please refrain from disturbing the existing tenants, and seize this opportunity to become the owner of a property in the highly desirable Duckpond area.
Last Agent to Sell the Property
FIRST CHOICE REALTY OF NORTH FLORIDA LLC Brokerage Phone: 352-514-9508 License #3100360 Listed on: 09/27/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,889
Year Built
- Built in 1937
Lot Details
- 6,970 Sq Ft Lot
- Landscaped
- Corner Lot
- Additional Parcels
Home Design
- Brick Exterior Construction
- Brick Foundation
- Shingle Roof
Interior Spaces
- 3,566 Sq Ft Home
- Ceiling Fan
- Wood Burning Fireplace
- Blinds
- French Doors
- Crawl Space
Kitchen
- Range with Range Hood
- Recirculated Exhaust Fan
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 12 Bedrooms
- Primary Bedroom Upstairs
- 6 Bathrooms
Laundry
- Laundry Located Outside
- Dryer
- Washer
Parking
- 4 Carport Spaces
- Driveway
- On-Street Parking
- Parking Garage Space
- Open Parking
Outdoor Features
- Covered Patio or Porch
- Outdoor Storage
Location
- Property is near public transit
- The property is located in a historic district
Schools
- W. A. Metcalfe Elementary School
- Westwood Middle School
- Gainesville High School
Utilities
- Central Air
- Cooling System Mounted To A Wall/Window
- Heating Available
- Thermostat
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, sewer, water
- Tax Lot 8
- Assessor Parcel Number 12272-000-000
Community Details
Overview
- No Home Owners Association
- 6 Units
- 3,566 Sq Ft Building
- Highlands Subdivision
Building Details
- Gross Income $81,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 27, 2023
Closed on
Oct 31, 2023
Sold by
Pyles-Merrill Llc
Bought by
Wasserman Adam
Seller's Agent
Dawn Johnson
FIRST CHOICE REALTY OF NORTH FLORIDA LLC
Buyer's Agent
Anh-Thu Hillier
EXPLORE REALTY INC.
List Price
$850,000
Sold Price
$850,000
Views
18
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$186,248
Avg. Annual Appreciation
-12.45%
Purchase Details
Closed on
Jul 21, 2010
Bought by
Pyles-Merrill Llc
Purchase Details
Closed on
May 18, 2010
Bought by
Pyles-Merrill Llc
Purchase Details
Closed on
Jul 28, 2003
Sold by
Merrill John E and Merrill Elizabeth J
Bought by
Merrill Jane Elizabeth
Purchase Details
Closed on
Jun 27, 2003
Sold by
Bigham Sybill Lytle and Bigham Lytle
Bought by
Merrill Jane Elizabeth
Purchase Details
Closed on
Sep 19, 2001
Bought by
Pyles-Merrill Llc
Purchase Details
Closed on
Jul 24, 1998
Sold by
Lake Loan Co Inc
Bought by
Pyles Sam L and Bigham Sybill Lytle
Purchase Details
Closed on
Dec 17, 1970
Bought by
Pyles-Merrill Llc
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wasserman Adam | $850,000 | None Listed On Document | |
| Wasserman Adam | $850,000 | None Listed On Document | |
| Pyles-Merrill Llc | $100 | -- | |
| Pyles Merrill Llc | -- | Attorney | |
| Pyles-Merrill Llc | $100 | -- | |
| Merrill Thomas L | -- | Attorney | |
| Merrill Jane Elizabeth | -- | -- | |
| Pyles-Merrill Llc | $100 | -- | |
| Merrill Jane Elizabeth | $130,000 | -- | |
| Pyles-Merrill Llc | $100 | -- | |
| Pyles Sam L | $98,700 | -- | |
| Pyles-Merrill Llc | $100 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wasserman Adam | $501,500 | |
| Closed | Wasserman Adam | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/31/2023 10/31/23 | Sold | $850,000 | 0.0% | $238 / Sq Ft |
| 10/03/2023 10/03/23 | Pending | -- | -- | -- |
| 09/27/2023 09/27/23 | For Sale | $850,000 | -- | $238 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $9,001 | $459,493 | $151,800 | $307,693 |
| 2023 | $9,001 | $405,679 | $174,800 | $230,879 |
| 2022 | $7,889 | $335,763 | $125,453 | $210,310 |
| 2021 | $7,659 | $317,161 | $125,453 | $191,708 |
| 2020 | $12,464 | $619,769 | $337,158 | $282,611 |
| 2019 | $11,754 | $565,476 | $206,041 | $359,435 |
| 2018 | $10,410 | $541,800 | $168,600 | $373,200 |
| 2017 | $8,704 | $348,100 | $60,000 | $288,100 |
| 2016 | $8,648 | $343,500 | $0 | $0 |
| 2015 | $8,851 | $345,000 | $0 | $0 |
| 2014 | $8,928 | $345,200 | $0 | $0 |
| 2013 | -- | $347,500 | $60,000 | $287,500 |
Source: Public Records
Agents Affiliated with this Home
-
Dawn Johnson
-
Anh-Thu Hillier
Buyer's Agent in 2023
Anh-Thu Hillier
EXPLORE REALTY INC.
(954) 815-0460
1 in this area
52 Total Sales
Map
Source: Stellar MLS
MLS Number: GC516488
APN: 12272-000-000
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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