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Gainesville 32641 Lincoln Estates
1602 SE 12th PLACE
$175,000
● House - Off Market

1602 SE 12th PLACE

GAINESVILLE, FL 32641
bedrooms
3 Beds
bathrooms
1 Bath
square feet
960 Ft²
$170,492
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Value priced to sell! Home has great potential both for an owner occupant, or an investor. Home is block construction, with tile flooring throughout. According to permit records, the roof looks to be from 2017. Currently has a great tenant in place that will be up for renewal soon. The tenant has expressed interest in renewing should your interest come from an investor perspective. If considering this home as an owner occupant, lease is coming to an end soon, so this home is an option. Based on 2022 market conditions, this home for the price can be summed up in one word:Value! Conventional loans available for owner occupants with as low as 3% down!
Unit Size
960 Ft²
Days on Market
45 days
Land Size
0.15 acres
Price per sqft
$172
Property Type
House
Property Taxes
$130
HOA Dues
-
Year Built
1962

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Stellar MLS #GC506373)

Price History

Date / Event Date Event Price
Aug 25, 2022 Sold
Premium
Sold
Jun 24, 2022 Listed by RIZE REALTY GROUP LLC $164,900
Listed by RIZE REALTY GROUP LLC
Oct 21, 2019 Sold
Premium
Sold
Sep 14, 2019 No longer available -
No longer available
Jul 29, 2019 Price Decreased $85,000
↓ $9K (9.6%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 960
  • Gross Building Area: 1,050
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 960
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LINCOLN ESTATES
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 001
  • Legal Description 1: LINCOLN ESTATES PB F-19 LOT 36 OR 5032/0027

Neighborhood

  • School District Name: Alachua County School District
  • Census Tract: 000700

Zoning

  • Zoning: RSF3

Geography

  • Assessors Map Reference: QTR SEC 4154
  • Parcel: 16106-036-000
  • Lot: 36
  • Meridian: SEC 10 TWN 10S RNG 20E
  • Municipality: GAINESVILLE
  • Latitude: 29.6397
  • Longitude: -82.3044

    Address

  • Full Address: 1602 Se 12th Pl
  • Address - House Number: 1602
  • Street Direction: SE
  • Address - Street Name: 12th
  • Address - Suffix Type: Pl
  • State: FL
  • City Name: Gainesville
  • Carrier Code: C028
  • 4-Digit Zip Code: 8293
  • Zip Code: 32641

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $308,507

    Appraisal Valuation

  • Standard Deviation: 0.2311
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 67
  • Final Value: 160,433
  • High Value: 197,524
  • Low Value: 123,342

    Market Valuation

  • Market Total Value: $133,693
  • Market Land Value: $50,000
  • Market Improvement Value: $183,693

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $133,693
  • Assessed Land Value: $50,000
  • Assessed Improvements Value: $83,693

    Sales

  • Current Sale Contract Date: Aug 08, 2022
  • Current Sale Recording Date: Aug 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3441565
  • Previous Sale Recording Date: Oct 21, 2019
  • Previous Sale Contract Date: Oct 18, 2019
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lincoln Estates

Stats & Trends

Median Asking:

$204,607

Sale Price/ft²

$164

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1080 ft²

Average Home Age

59.2 years

Currently For Sale

5 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2425 Se 10th Avenue, GAINESVILLE, FL, 32641

$1,800 /mo

  • 3 Beds
  • 1 Bath
  • 940 ft²
2425 Se 10th Avenue, GAINESVILLE, FL, 32641 Listing by Rebecca Johnson
Unit for rent at 1704 Ne 9th Street, Fort Lauderdale, FL, 33304

$1,800 /mo

  • 1 Bed
  • 1 Bath
  • 650 ft²
1704 Ne 9th Street, Fort Lauderdale, FL, 33304 Listing by Gamila Y Cohen

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Shawn Hicks
RIZE REALTY GROUP LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# GC506373
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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1602 Southeast 12th Place built and last sold?
The property at 1602 Southeast 12th Place was built in 1962 and last sold on Aug 8, 2022 for $175,000.
How much is this home worth?
The estimated value of the home located at 1602 Southeast 12th Place is $163,008.
What are some comparable homes to 1602 Southeast 12th Place?
There are currently no comparable homes to 1602 Southeast 12th Place.
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