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Gainesville 32609
1616 NE 16th PLACE
$245,000
● House - Off Market

1616 NE 16th PLACE

GAINESVILLE, FL 32609
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,025 Ft²
$1,504
Est. Monthly
5.87%
Cap Rate

About This Property

Pride of ownership shows throughout! Whether it's the large fenced yard, inviting back deck or remodeled kitchen and master bath, you will love this home. A gas fireplace with historic bricks from downtown Gainesville highlights the living area. Plus there is no carpet! This home is a quick drive to The University of Florida and UF Health Shands and walking/ biking distance to local favorite spots such as: Tom Petty Park, Downtown Gainesville and Satchel's Pizza. Come see, you will not be disappointed.
Unit Size
1,025 Ft²
Days on Market
39 days
Land Size
0.40 acres
Price per sqft
$239
Property Type
House
Property Taxes
$301
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #GC516959)

Price History

Date / Event Date Event Price
Dec 21, 2023 Sold
Premium
Sold
Nov 29, 2023 In contract -
In contract
Nov 10, 2023 Listed by BHHS FLORIDA REALTY $245,000
Listed by BHHS FLORIDA REALTY
May 11, 2021 Sold
Premium
Sold
Apr 1, 2021 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 3
  • Garage Square Area: 220
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,988
  • Total Building Area: 1,025
  • Gross Building Area: 1,025
  • Building Area: 1,025
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,025
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAROL ESTATES SO.
  • Land Acres: 0000000390
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 001
  • Legal Description 1: CAROL EST SOUTH PB F-59 LOT 89 OR 4888/1615

Neighborhood

  • School District Name: Alachua County School District
  • Census Tract: 000400

Zoning

  • Zoning: RSF2

Geography

  • Assessors Map Reference: QTR SEC 3754
  • Parcel: 10804-089-000
  • Lot: 89
  • Meridian: SEC 34 TWN 09S RNG 20E
  • Municipality: GAINESVILLE
  • Latitude: 29.6674
  • Longitude: -82.3034

    Address

  • Full Address: 1616 Ne 16th Pl
  • Address - House Number: 1616
  • Street Direction: NE
  • Address - Street Name: 16th
  • Address - Suffix Type: Pl
  • State: FL
  • City Name: Gainesville
  • Carrier Code: C019
  • 4-Digit Zip Code: 3977
  • Zip Code: 32609

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $289,064
  • Tax Rate Code Area: 3600

    Appraisal Valuation

  • Standard Deviation: 0.0896
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 92
  • Final Value: 240,888
  • High Value: 262,482
  • Low Value: 219,295

    Market Valuation

  • Market Total Value: $166,349
  • Market Land Value: $45,000
  • Market Improvement Value: $211,349

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $166,349
  • Assessed Land Value: $45,000
  • Assessed Improvements Value: $121,349

    Sales

  • Current Sale Contract Date: Dec 19, 2023
  • Current Sale Recording Date: Dec 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3531742
  • Previous Sale Recording Date: May 11, 2021
  • Previous Sale Contract Date: Apr 20, 2021
  • Previous Sale Amount: $201,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Gainesville

Stats & Trends

Median Asking:

$265,990

Sale Price/ft²

$194

Below Asking

0.03%

Average Days on Market

77

Average Home Size

1418 ft²

Average Home Age

45.2 years

Currently For Sale

474 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 623 Sw 3rd Street, GAINESVILLE, FL, 32601

$1,575 /mo

  • 3 Beds
  • 1 Bath
  • 1,098 ft²
623 Sw 3rd Street, GAINESVILLE, FL, 32601 Listing by Eric Buigas
Unit for rent at 1435 Ne 22nd Avenue, GAINESVILLE, FL, 32609

$1,645 /mo

  • 3 Beds
  • 1 Bath
  • 920 ft²
1435 Ne 22nd Avenue, GAINESVILLE, FL, 32609 Listing by Jason Wojcik

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Mae Alden
BHHS FLORIDA REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# GC516959
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 1616 Northeast 16th Place built and last sold?
The property at 1616 Northeast 16th Place was built in 1963 and last sold on Dec 19, 2023 for $245,000.
How much is this home worth?
The estimated value of the home located at 1616 Northeast 16th Place is $0.
What are some comparable homes to 1616 Northeast 16th Place?
There are currently no comparable homes to 1616 Northeast 16th Place.
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