$500,000
SOLD NOV 19, 2018

401 SE 7th Terrace Chiefland, FL 32626

-- Bed
-- Bath
15,510 Sq Ft
2.5 Acres

Recently Sold

$32 Per Sq Ft

13% Below List Price

84 Days on Market

About This Home

As of May 2021

If you are looking to expand your portfolio of Investments then look no further. This 16 unit complex is located in Chiefland and sits on 2.5 acres of land and 14 out of the 16 units are rented. Some of the units have been completely remodeled down to the studs, some have been partially remodeled and 2 units need to be remodeled but are rented. There is a lot of potential in these units to increase the rents with what has been done to the units over the last couple of years. There are 6 units that are 2 bedrooms 1 bath, 8 units that are 3 bedrooms 1 bath, 2 units that are 4 bedrooms 1 bath. This property is ready to take it to the next level so call today to view.

Last Agent to Sell the Property

Gia Arvin

MATCHMAKER REALTY OF ALACHUA COUNTY License #3078318 Listed on: 05/03/2018

Co-Listed By

Gia and Scott Arvin

MATCHMAKER REALTY OF ALACHUA COUNTY License #3102233

Last Buyer's Agent

Sherelle Kendrick

MATCHMAKER REALTY OF ALACHUA COUNTY License #500675

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,920

Year Built

  • Built in 1970

Home Design

  • 15,510 Sq Ft Home

Community Details

  • No Home Owners Association
  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number 0178000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,920

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Living Area: 15510
  • Year Built: 1970
  • Directions to Property: West on Archer road (state road 24) right on ishie ave (cr32) right on 27 , right on Ne 7th ave, and left on 3rd Street , Property on left.
  • Status: Sold
  • Street Direction: SE
  • Co List Office Mls Id: MFR259500035
  • Co List Office Phone: 352-372-3930
  • ResoBuildingAreaSource: PublicRecords
  • List Office Head Office Key Nume: 530405629
  • RATIO Current Price By Calculate: 32.24
  • Tax Year: 2017
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 401
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 1440.93

Utilities

  • Individually Metered: Cable,Electric,Sewer,Water

Condo/Co-op/Association

  • Association: No
  • Association Fee Requirement: None

Lot Info

  • Parcel Number: 0178000000

Multi Family

  • Number Of Units Total: 16
  • Unit Count: 3

Tax Info

  • Tax Annual Amount: 5920

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
Apr 27, 2021
Sold by
Chiefland Apartments Llc
Bought by
M & M Of St Cloud Ii Llc
Seller's Agent
Gia Arvin
MATCHMAKER REALTY OF ALACHUA COUNTY
List Price
$875,000
Sold Price
$875,000
Current Estimated Value
$1,160,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,842
Avg. Annual Appreciation
10.46%
Original Mortgage
$656,250
Outstanding Balance
$600,160
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$743,466

Purchase Details

Listed on
May 3, 2018
Closed on
Nov 20, 2018
Sold by
Fall Casey and Fall Jessica
Bought by
Chiefland Apartments Llc
Seller's Agent
Gia Arvin
MATCHMAKER REALTY OF ALACHUA COUNTY
Buyer's Agent
Sherelle Kendrick
MATCHMAKER REALTY OF ALACHUA COUNTY
List Price
$575,000
Sold Price
$500,000
Premium/Discount to List
-$75,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.43%
Original Mortgage
$443,200
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 27, 2015
Sold by
Sculky Susan
Bought by
Fall Casey and Fall Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
3.98%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 26, 2012
Sold by
Rise Properties Llc
Bought by
Sculky Susan

Purchase Details

Closed on
Nov 16, 2004
Sold by
Wilkinson Jack
Bought by
Sculky Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
8.75%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $875,000 Attorney
Warranty Deed $500,000 Attorney
Warranty Deed $385,000 Gilchrist Title Services
Quit Claim Deed -- None Available
Warranty Deed $430,000 Security Title Services Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $656,250 Purchase Money Mortgage
Previous Owner $443,200 Commercial
Previous Owner $337,500 Commercial
Previous Owner $88,122 Commercial
Previous Owner $1,266 Commercial
Previous Owner $190,000 Seller Take Back
Previous Owner $325,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2021 12/06/21 Off Market $875,000 -- --
12/06/2021 12/06/21 Off Market $500,000 -- --
05/07/2021 05/07/21 Sold $875,000 0.0% $56 / Sq Ft
05/07/2021 05/07/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $875,000 +75.0% $56 / Sq Ft
11/19/2018 11/19/18 Sold $500,000 -13.0% $32 / Sq Ft
07/26/2018 07/26/18 Pending -- -- --
05/03/2018 05/03/18 For Sale $575,000 -- $37 / 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 $16,232 $500,000 $75,000 $425,000
2023 $16,660 $500,000 $75,000 $425,000
2022 $26,756 $930,933 $109,880 $821,053
2021 $12,481 $448,299 $24,640 $423,659
2020 $11,042 $280,000 $0 $0
2019 $8,457 $280,000 $0 $0
2018 $6,039 $175,000 $0 $0
2017 $5,921 $175,000 $0 $0
2016 $5,831 $175,000 $0 $0
2015 $5,765 $175,000 $0 $0
2014 -- $175,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: GC414623

Stellar MLS

APN: 01780-000-00