NOT LISTED FOR SALE

5225 NE 240th Terrace Melrose, FL 32666

Estimated Value: $284,802 - $354,000

4 Beds
2 Baths
1,862 Sq Ft
$168/Sq Ft Est. Value

Last Sold May 13, 2024

Last sale price $285,000 $153 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,969/month

22 Days on Market

Highlights

  • View of Trees or Woods
  • Traditional Architecture
  • Great Room
  • 1.9 Acre Lot
  • Main Floor Primary Bedroom
  • No HOA

About This Home

As of May 2024

Imagine returning home after a long day at work to this enchanting 1.9-acre sanctuary, where majestic old oak trees stand as timeless guardians of your home. As you drive through the property, a sense of calm washes over you, the hustle and bustle of the outside world fading away into the serene embrace of nature. Upon entering the house, from the mudroom entryway to the unique bricked archways, a sentiment of comfort that feels both inviting and intriguing welcomes you home. This 4-bedroom, 2-bath concrete block home is a treasure. Culinary aficionados will find their slice of heaven in the expansive kitchen, a space thoughtfully designed to ignite the flames of culinary passion. At the heart of this culinary sanctuary lies the brick pizza oven fireplace, a charming feature that beckons you to unleash your gastronomic creativity, from rustic pizzas to roasted delicacies, all while basking in the warmth of crackling flames. The large central island serves as your culinary stage and entertainment area, offering ample space for preparation, presentation, and the joy of cooking alongside loved ones, turning each meal into an experience to cherish. Entering the living room, you'll find a grand floor-to-ceiling brick fireplace with a hearth and mantle, offering a perfect setting for unwinding, reflecting, gathering, or entertaining with friends and loved ones. This home is more than a place to live; it's a journey into a storybook setting, a chance to craft your own tales of joy, love, and discovery. Welcome to your new beginning, a must-see sanctuary where every day is an opportunity to live your very own modern fairy tale. Conveniently located just 3 minutes from the Melrose Historic District and only 22 minutes from Gainesville, this home is one you will want to see! Schedule your home tour today before it's gone!

Last Agent to Sell the Property

Rachel Diaz

KELLER WILLIAMS GAINESVILLE REALTY PARTNERS Brokerage Phone: 352-240-0600 License #3340757 Listed on: 03/09/2024

KELLER WILLIAMS GAINESVILLE REALTY PARTNERS

Last Buyer's Agent

Jackie Dose

EXP REALTY LLC License #3378705

EXP REALTY LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,101

Year Built

  • Built in 1975

Lot Details

  • 1.9 Acre Lot
  • Dirt Road
  • East Facing Home
  • Irregular Lot
  • Cleared Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Metal Roof
  • Wood Siding
  • Concrete Siding
  • Block Exterior
  • Vinyl Siding
  • HardiePlank Type

Interior Spaces

  • 1,862 Sq Ft Home
  • Great Room
  • Family Room
  • Formal Dining Room
  • Views of Woods

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Schools

  • Chester Shell Elementary School
  • Hawthorne Middle/High School

Utilities

  • Central Heating and Cooling System
  • 1 Water Well
  • 1 Septic Tank
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Shed Row

Community Details

  • No Home Owners Association
  • Out Of Area Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,101

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Construction Materials: Block, Brick, Concrete, HardiPlank Type, Vinyl Siding, Wood Siding
  • Fireplace: Yes
  • Living Area: 1862
  • Lot Size Acres: 1.9
  • New Construction: No
  • Year Built: 1975
  • Building Area Total: 1862
  • Lot Size Sq Ft: 82764
  • Directions to Property: From E University Ave make a slight left onto FL-26 E/NE 55th Blvd then turn right onto FL-26. Turn right onto NE County Rd 219a followed by a left onto NE 240 Terrace.
  • Status: Sold
  • Street Direction: NE
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 529793693
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 153.06
  • Total Acreage: 1 to less than 2
  • Unit Number YN: 0
  • Water Access YN: 0
  • Barn Features: Shed-Row
  • MFR_InLawSuiteYN: 0
  • MFR_DockYN: 0
  • Attribution Contact: 352-240-0600
  • Tax Year: 2023
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Laminate, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Other, Primary Bedroom Main Floor
  • Appliances Included: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Street Number Modifier: 5225
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Family Room,Formal Dining Room Separate,Great Room
  • Living Area Meters: 172.99
  • Room Count: 5

Exterior Features

  • Direction Faces: East
  • Exterior Features: Lighting
  • Roof: Metal
  • Pool Private: No
  • View: Trees/Woods
  • Waterfront: No
  • Road Surface Type: Dirt
  • Disclosures: None
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: None

Utilities

  • Utilities: BB/HS Internet Available, Cable Available
  • Cooling: Central Air
  • Heating: Central, Electric, Other
  • Laundry Features: Laundry Closet
  • Sewer: Septic Tank
  • Water Source: Well
  • Number Of Septics: 1
  • Number of Wells: 1

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Association Fee Requirement: None
  • Development: Not in Development

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Chester Shell Elementary School-AL
  • High School: Hawthorne Middle/High School-AL
  • Middle Or Junior School: Hawthorne Middle/High School-AL

Lot Info

  • Zoning: RESI
  • Parcel Number: 18872-001-002
  • Additional Parcels: No
  • Lot Features: Cleared, Irregular Lot
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 7689

Green Features

  • Green Verification Count: 0

Rental Info

  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 3101.28
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2024
Closed on
May 9, 2024
Sold by
Dix George and Dix Jessica
Bought by
Thrash Kayla M and Thrash Joseph C
Seller's Agent
Rachel Diaz
KELLER WILLIAMS GAINESVILLE REALTY PARTNERS
Buyer's Agent
Jackie Dose
EXP REALTY LLC
List Price
$300,000
Sold Price
$285,000
Premium/Discount to List
-$15,000
-5%
Views
58
Current Estimated Value
$311,951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,951
Avg. Annual Appreciation
6.31%
Original Mortgage
$260,988
Outstanding Balance
$258,465
Interest Rate
6.79%
Mortgage Type
FHA
Estimated Equity
$49,761

Purchase Details

Listed on
Nov 3, 2020
Closed on
Dec 17, 2020
Sold by
Ruby Joseph T
Bought by
Dix Jessica and Dix George
Seller's Agent
Tonya Thornton
THORNTON & CO REALTY INC
Buyer's Agent
NON MLS
NON MLS (realMLS)
List Price
$174,900
Sold Price
$180,000
Premium/Discount to List
$5,100
2.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.43%
Original Mortgage
$180,000
Interest Rate
2.7%
Mortgage Type
VA

Purchase Details

Closed on
Nov 27, 2019
Sold by
Chiappini Robin L and Chiappini Ruby Joseph
Bought by
Ruby Josepht

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,650
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2016
Sold by
Ruby Joseph T
Bought by
Ruby Kelly C

Purchase Details

Closed on
Oct 10, 2013
Bought by
Chiappini and Chiappini Ruby

Purchase Details

Closed on
Mar 20, 2012
Sold by
Ruby Marie M
Bought by
Rulry Joseph J
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Thrash Kayla M $285,000 None Listed On Document
Dix Jessica $180,000 Atlas T&E Svcs Llc
Ruby Josepht $138,500 Florida Legal Title Llc
Ruby Kelly C -- None Available
Chiappini -- --
Rulry Joseph J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thrash Kayla M $260,988
Previous Owner Dix Jessica $180,000
Previous Owner Ruby Josepht $124,650
Previous Owner Ruby Joseph T $112,000
Previous Owner Ruby Marie $47,000
Previous Owner Ruby Marie $47,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2024 05/13/24 Sold $285,000 -5.0% $153 / Sq Ft
04/01/2024 04/01/24 Pending -- -- --
03/09/2024 03/09/24 For Sale $300,000 +66.7% $161 / Sq Ft
12/17/2023 12/17/23 Off Market $180,000 -- --
12/17/2020 12/17/20 Sold $180,000 +2.9% $97 / Sq Ft
11/06/2020 11/06/20 Pending -- -- --
11/03/2020 11/03/20 For Sale $174,900 -- $94 / 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 $3,231 $181,646 $28,500 $153,146
2023 $3,231 $178,245 $28,500 $149,745
2022 $2,919 $156,766 $22,800 $133,966
2021 $2,380 $99,718 $22,800 $76,918
2020 $1,777 $72,252 $22,800 $49,452
2019 $1,302 $73,599 $22,800 $50,799
2018 $1,420 $79,780 $0 $0
2017 $1,448 $79,530 $0 $0
2016 $1,256 $75,340 $0 $0
2015 $1,143 $70,200 $0 $0
2014 $2,073 $84,500 $0 $0
2013 -- $86,200 $22,800 $63,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: GC520095

Stellar MLS

APN: 18872-001-002