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3299 Southwest 118th Terrace

3299 Southwest 118th Terrace, Gainesville, FL 32608
Property in Gainesville
Sold Jun 21, 2021
$575,000
$460,000 by Cardinal Financial Company Lp
Mortgage Due Jul 01, 2041
Sold Jan 03, 2018
$459,100
$409,158 by Tiaa Fsb Holdings Inc
Mortgage Due Jan 01, 2048
Local assessors in Gainesville, FL have categorized 3299 Southwest 118th Terrace as a residential type of property. The home was built in 2017 and is 7 years old. The property's lot size has been calculated to be 8,451 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3299 Southwest 118th Terrace has a total of 2,505 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 684 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is excellent. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A. The building has a gable or hip style roof that was made of asphalt. Lots of unknown were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 3299 Southwest 118th Terrace sold most recently in Jun 3, 2021 for a total of $575,000. If you work out the math, that's approximately a cost of $180.31 per sqft. Before that, the property was also sold for $459,100 in Dec 29, 2017. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $13,865 in taxes each year. 3299 Southwest 118th Terrace was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $546,066. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Parking

Carport
Attached Garage

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Excellent
  • Building Quality: A
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Type: Attached
  • Garage Type: Attached
  • Garage Square Area: 684
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 8,451
  • Total Building Area: 3,189
  • Gross Building Area: 3,189
  • Building Area: 2,505
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,505
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OAKMONT PH 2 PB 32 PG 30
  • Land Acres: 0.194
  • Standard Land Use Code: Single family residential
  • Legal Description 1: OAKMONT PH 2 PB 32 PG 30 LOT 301 OR 4902/2321

Ownership

  • Current Owner : TYSON BENJAMIN A
  • Current Owner 2: TYSON MARY C
  • Previous Owner : COWART JACLYN M
  • Previous Owner 2: COWART JASON A
  • Owner Before Previous Owner: GAINESVILLE RESIDENTIAL LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Alachua County School District
  • Census Tract: 002222

Geography

  • Parcel: 04427-111-301
  • Lot: 301
  • Meridian: SEC 13 TWN 10S RNG 18E
  • Municipality: SUWANNEE
  • Latitude: 29.6231
  • Longitude: -82.4682

    Address

  • Full Address: 3299 Sw 118th Ter
  • Address - House Number: 3299
  • Street Direction: SW
  • Address - Street Name: 118th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Gainesville
  • Carrier Code: R059
  • 4-Digit Zip Code: 1195
  • Zip Code: 32608

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $13,865

    Appraisal Valuation

  • Standard Deviation: 0.1905
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 734,920
  • High Value: 874,937
  • Low Value: 594,903

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $460,000
  • First Open Lien Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Open Lien Mortgage Recording Date: Jun 21, 2021
  • First Open Lien Mortgage Loan Amount: $460,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2041

    Market Valuation

  • Market Total Value: $636,948
  • Market Land Value: $145,000
  • Market Improvement Value: $781,948

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $546,066

    Sales

  • Current Sale Contract Date: Jun 03, 2021
  • Current Sale Recording Date: Jun 21, 2021
  • Current Sale Transaction ID: 11842354104
  • Current Sale Price: $575,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 3346512
  • Previous Sale Recording Date: Jan 03, 2018
  • Previous Sale Contract Date: Dec 29, 2017
  • Previous Sale Amount: $459,100
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Mortgage Transaction Date: Jun 21, 2021
  • First Mortgage Loan Amount: $460,000
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2041

    Previous Mortgages

  • Previous Mortgage Lender: TIAA FSB HOLDINGS INC
  • Previous Mortgage Transaction Date: Jan 03, 2018
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $409,158
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Jan 01, 2048

About Alachua



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Frequently Asked Questions

What neighborhood is 3299 Southwest 118th Terrace located in?
The 3299 Southwest 118th Terrace is a located in the neighborhood of Gainesville in Alachua, Gainesville.
What is the average sales price for listings in 3299 Southwest 118th Terrace?
The average sales price for units in 3299 Southwest 118th Terrace is $0 currently.

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