703 SW 5th Terrace Gainesville, FL 32601
Porter's Community Neighborhood
3
Beds
2
Baths
1,205
Sq Ft
7,405
Sq Ft Lot
Highlights
- Under Construction
- No HOA
- 1 Car Attached Garage
- Gainesville High School Rated A
- Front Porch
- 1-minute walk to Mother Lucille Perkins Tot Lot
About This Home
As of July 2025Under Construction. Pictures are from model home. Welcome to Gainesville's first land trust project by Bright Community Trust! This Brand New Construction home is part of an affordable housing program with income restrictions and a 99 year land lease for $25 per month ($300 annually). Please see attachments for detailed information on buyer requirements. Home features an open layout with lots of windows for natural light, a beautiful kitchen with soft close cabinets and rolling island, spacious dining area and living room, with vinyl plank flooring throughout the main part of the house. Bedrooms and bathrooms have quality finishes; primary bedroom has walk-in closet and en suite bathroom. Conveniently located in Porters Community just around the corner from the beautiful Depot Park and close to shops, restaurants, and more. First Time Home Buyer Only, Owner/Occupants Only-Investors Not Eligible. Home due to be 5/30/25.
Last Agent to Sell the Property
KELLER WILLIAMS REALTY PARTNERS SW License #3141895 Listed on: 01/31/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,012
Year Built
- Built in 2025 | Under Construction
Lot Details
- 7,405 Sq Ft Lot
- South Facing Home
- Property is zoned RMF5
Parking
- 1 Car Attached Garage
Home Design
- Home is estimated to be completed on 5/30/25
- Slab Foundation
- Shingle Roof
- HardiePlank Type
Interior Spaces
- 1,205 Sq Ft Home
- Ceiling Fan
- Living Room
- Laundry Room
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Additional Features
- Front Porch
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- Built by Alachua Habitat for Humanity
- Gainesville Porters Addn Subdivision, Lilac Floorplan
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 38
- Assessor Parcel Number 13369-000-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 31, 2025
Closed on
Jul 23, 2025
Sold by
Bright Community Trust Inc
Bought by
Hartman Heather A
Seller's Agent
Ben Zuber
KELLER WILLIAMS REALTY PARTNERS SW
Buyer's Agent
Whitney Perkins
KELLER WILLIAMS GAINESVILLE REALTY PARTNERS
List Price
$229,000
Sold Price
$229,000
Views
328
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.96%
Original Mortgage
$40,000
Outstanding Balance
$40,000
Interest Rate
6.81%
Mortgage Type
FHA
Estimated Equity
$190,000
Purchase Details
Closed on
Aug 28, 2023
Sold by
City Of Gainesville
Bought by
Bright Community Trust Inc
Similar Homes in Gainesville, FL
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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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Limited Warranty Deed | $229,000 | Fidelity National Title | |
| Special Warranty Deed | $36,800 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $40,000 | FHA | |
| Open | $202,329 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2025 07/23/25 | Sold | $229,000 | 0.0% | $190 / Sq Ft |
| 05/22/2025 05/22/25 | Pending | -- | -- | -- |
| 01/31/2025 01/31/25 | For Sale | $229,000 | -- | $190 / 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 | -- | $47,600 | $47,600 | -- |
| 2023 | -- | $35,000 | $35,000 | $0 |
| 2022 | $0 | $26,600 | $26,600 | $0 |
| 2021 | $0 | $4,900 | $4,900 | $0 |
| 2020 | $0 | $4,900 | $4,900 | $0 |
| 2019 | $0 | $4,900 | $4,900 | $0 |
| 2018 | $0 | $4,900 | $4,900 | $0 |
| 2017 | $0 | $4,900 | $4,900 | $0 |
| 2016 | -- | $4,900 | $0 | $0 |
| 2015 | -- | $4,900 | $0 | $0 |
| 2014 | -- | $4,900 | $0 | $0 |
| 2013 | -- | $4,900 | $4,900 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ben Zuber
Seller's Agent in 2025
Ben Zuber
KELLER WILLIAMS REALTY PARTNERS SW
(954) 762-0767
2 in this area
94 Total Sales
-
Whitney Perkins
Buyer's Agent in 2025
Whitney Perkins
KELLER WILLIAMS GAINESVILLE REALTY PARTNERS
(352) 665-0600
1 in this area
254 Total Sales
Map
Source: Stellar MLS
MLS Number: O6276501
APN: 13369-000-000
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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