NOT LISTED FOR SALE

7524 SW 116th Terrace Gainesville, FL 32608

Estimated Value: $1,534,000 - $1,777,027

5 Beds
7 Baths
5,524 Sq Ft
$294/Sq Ft Est. Value

Last Sold May 19, 2016

Last sale price $890,000 $161 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $9,962/month

294 Days on Market

Highlights

  • Home Theater
  • Contemporary Architecture
  • Main Floor Primary Bedroom
  • Solar Heated In Ground Pool
  • Wooded Lot
  • Outdoor Kitchen

About This Home

As of May 2016

Spectacular, private estate home in Carollton, a small neighborhood within a 15 minute drive to the University of Florida. Accessed via a private electric gate and circular drive,, the home''s entry features a two-story 24'' high entryway with exquisite tile work, ceiling finishes, and view of the outdoor living area with saltwater pool, double lanais, large summer kitchen area, and sidewalks winding through the multi-acred fenced backyard. The main floor includes a spacious master suite and bath, study, living room with fireplace, family room with fireplace, exercise room, playroom, two additional bedrooms, and chef''s kitchen with adjoining breakfast room. The upstairs includes two spacious bedrooms, a kitchenette area and a media room.

Last Agent to Sell the Property

Jean Chalmers

BHGRE THOMAS GROUP License #0546884 Listed on: 07/02/2015

BHGRE THOMAS GROUP

Co-Listed By

Evelyn Bergman

BHGRE THOMAS GROUP License #3060929

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,606

Year Built

  • Built in 2008

Lot Details

  • 5.25 Acre Lot
  • Cul-De-Sac
  • Wood Fence
  • Wooded Lot

Parking

  • 3 Car Garage
  • Rear-Facing Garage
  • Side Facing Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof
  • Stone Siding
  • Stucco

Interior Spaces

  • 5,524 Sq Ft Home
  • Wet Bar
  • Crown Molding
  • Wood Burning Fireplace
  • Gas Fireplace
  • Drapes & Rods
  • Blinds
  • Family Room
  • Home Theater
  • Den
  • Bonus Room
  • Storage Room
  • Home Security System

Kitchen

  • Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan

Laundry

  • Laundry Room
  • Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient Windows
  • Solar Water Heater

Pool

  • Solar Heated In Ground Pool
  • In Ground Spa

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Kitchen

Schools

  • Archer Elementary School
  • Oak View Middle School
  • Newberry High School

Horse Facilities and Amenities

  • Shed Row

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Well
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Built by Mike Shannon
  • Carollton Subdivision

Listing and Financial Details

  • Assessor Parcel Number 04615-010-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,606

Year Built

Built in 2008

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary, Other
  • Construction Materials: Brick, Frame, Stone, Stucco
  • Living Area: 5524
  • Lot Size Acres: 5.25
  • Year Built: 2008
  • Building Area Total: 7184
  • Lot Size Sq Ft: 228690
  • Directions to Property: From ..corner of Tower Road and Archer Road, travel west to NW 122nd Street and turn right. Continue about 1.3 miles to Carollton entrance on the right. Take the second right to home on right on cul-de-sac. No sign on property.
  • Status: Sold
  • Street Direction: SW
  • ResoBuildingAreaSource: PublicRecords
  • List Office Head Office Key Nume: 529793687
  • RATIO Current Price By Calculate: 161.12
  • Total Acreage: 5 to less than 10
  • Barn Features: Shed-Row
  • Tax Year: 2014
  • Special Features: None

Interior Features

  • Fireplace Features: Gas, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Other, Tile
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Interior Amenities: Central Vaccum, Crown Molding, Master Bedroom Main Floor, Split Bedroom, Wet Bar
  • Appliances Included: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Solar Hot Water, Washer
  • Total Bedrooms: 5
  • Spa Features: In Ground
  • Spa Yn: Yes
  • Window Features: Blinds, Drapes
  • Street Number Modifier: 7524
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Bonus Room,Den/Library/Office,Family Room,Media Room,Storage Rooms
  • Living Area Meters: 513.20
  • Room Count: 3

Exterior Features

  • Other Structures: Outdoor Kitchen
  • Pool Features: In Ground, Solar Heat
  • Roof: Shingle
  • Pool Private: Yes
  • Patio and Porch Features: Covered
  • Disclosures: Other Disclosures, Seller Property Disclosure

Garage/Parking

  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Garage Door Opener, Garage Faces Rear, Garage Faces Side

Utilities

  • Utilities: Cable Available, Street Lights
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric, Zoned
  • Laundry Features: Laundry Room, Other
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Security: Security System
  • Association Fee Requirement: None

Schools

  • Elementary School: Archer Elementary-AL
  • High School: Newberry High School-AL
  • Middle Or Junior School: Oak View Middle School

Lot Info

  • Parcel Number: 04615-010-012
  • Fencing: Wood
  • Lot Features: Cul-De-Sac, Wooded
  • Homestead YN: 1
  • Lot Size Square Meters: 21246

Green Features

  • Efficiency: Windows

Building Info

  • Builder Name: Mike Shannon

Tax Info

  • Tax Annual Amount: 16606

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2021
Sold by
Walpole Maria Lourdes Tan and Walpole Robert Justin
Bought by
Walpole Maria Lourdes Tan and Walpole Robert Justin
Current Estimated Value
$1,623,342

Purchase Details

Listed on
Jul 2, 2015
Closed on
May 14, 2016
Sold by
Priya Venkatperumal Satish and Priya Venkatperumal
Bought by
Tan Wealpole Maria Lourdes
Seller's Agent
Jean Chalmers
BHGRE THOMAS GROUP
List Price
$1,099,990
Sold Price
$890,000
Premium/Discount to List
-$209,990
-19.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.25%
Original Mortgage
$712,000
Outstanding Balance
$573,143
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$995,050

Purchase Details

Closed on
Oct 27, 2006
Sold by
Shannon Homes Of Gainesville Inc
Bought by
Priya Venkataperumal Satish and Priya Satish

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,400
Interest Rate
6.39%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 31, 2006
Sold by
Loflin Inc
Bought by
Shannon Homes Of Gainesville Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,400
Interest Rate
6.39%
Mortgage Type
Construction
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
Walpole Maria Lourdes Tan -- Accommodation
Tan Wealpole Maria Lourdes -- Mowitz Title,Llc
Walpole Maria Lourdes Tan $890,000 Mowitz Title Llc
Priya Venkataperumal Satish $229,900 Waterford Title Insurance Ag
Shannon Homes Of Gainesville Inc $165,000 Waterford Title Insurance Ag
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walpole Maria Lourdes Tan $712,000
Closed Tan Wealpole Maria Lourdes $712,000
Previous Owner Venkataperumal Satish $991,000
Previous Owner Venkataperumal Satish $1,010,000
Previous Owner Priya Venkataperumal Satish $1,120,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2021 12/06/21 Off Market $890,000 -- --
05/19/2016 05/19/16 Sold $890,000 -19.1% $161 / Sq Ft
04/21/2016 04/21/16 Pending -- -- --
07/02/2015 07/02/15 For Sale $1,099,990 -- $199 / 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 $15,751 $779,333 -- --
2023 $15,751 $756,634 $0 $0
2022 $15,764 $734,596 $0 $0
2021 $15,084 $713,200 $157,500 $555,700
2020 $15,300 $722,470 $157,500 $564,970
2019 $16,043 $732,166 $157,500 $574,666
2018 $15,943 $737,660 $0 $0
2017 $16,052 $722,490 $0 $0
2016 $17,366 $725,500 $0 $0
2015 $17,612 $735,500 $0 $0
2014 $16,606 $737,000 $0 $0
2013 -- $746,900 $157,500 $589,400
Source: Public Records

Agents Affiliated with this Home

  • Jean Chalmers

    Seller's Agent in 2016

    Jean Chalmers

    BHGRE THOMAS GROUP

    (352) 538-4256

    59 Total Sales

    Jean Chalmers
    Section Image
  • Evelyn Bergman

    Seller Co-Listing Agent in 2016

    Evelyn Bergman

    BHGRE THOMAS GROUP

    (352) 359-3222

    74 Total Sales

    Evelyn Bergman
    Section Image
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Map

Source: Stellar MLS

MLS Number: GC365299

Stellar MLS

APN: 04615-010-012

Florida Alachua County Gainesville 32608

7524 SW 116th Terrace, Gainesville, FL

This home is located at 7524 SW 116th Terrace, Gainesville, FL 32608 since 02 July 2015 and is currently estimated at $1,623,342, approximately $293 per square foot. This property was built in 2008. 7524 SW 116th Terrace is a home located in Alachua County with nearby schools including Archer Elementary School, Newberry High School, and Christian Life Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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