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512 Southwest 68th Terrace

512 Southwest 68th Terrace, Gainesville, FL 32607
Multifamily in Gainesville
Sold Nov 03, 2021
$210,000
$157,500 by Van Dyk Mortgage Corp
Mortgage Due Nov 01, 2051
Sold Dec 15, 2005
$100
Local assessors in Gainesville, FL have categorized 512 Southwest 68th Terrace as a residential type of property. The home was built in 1983 and is 41 years old. It was most recently renovated and altered in 1990. The property's lot size has been calculated to be 10,019 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. As for the restroom situation, there are 2 full bathrooms. There are also 2 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 512 Southwest 68th Terrace has a total of 2,898 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. Do you like to entertain? The home has a unknown so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is poor. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. 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 - C. The building has a gable or hip style roof that was made of asphalt. Lots of concrete block 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 electricity. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 512 Southwest 68th Terrace was last sold in Sep 27, 2021 for $210,000. According to our calculations, that's $72.46 per sqft. Prior to that sales transaction, the property was sold for $100 in Dec 15, 2005. Current property owners are expected to pay $4,840 in taxes per year. The property on 512 Southwest 68th Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $188,604. To break that down further, the land itself was valued at $40,000. While improvements to the property were assessed at a total of $148,604. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Block Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Poor
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 100
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 2,898
  • Gross Building Area: 2,898
  • Building Area: 2,898
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,898
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CEDAR RIDGE ADDN
  • Land Acres: 0.23
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: CEDAR RIDGE ADDN PB K-80 LOT 9 OR 4947/1896

Ownership

  • Current Owner : SOTO CELIO MARIO
  • Previous Owner : TAI SHANG LLC
  • Ownership Rights Codes: Married Man as his sole & separate property

Neighborhood

  • School District Name: Alachua County School District
  • Census Tract: 002217

Zoning

  • Zoning: R-3

Geography

  • Parcel: 06655-060-009
  • Lot: 9
  • Meridian: SEC 04 TWN 10S RNG 19E
  • Municipality: ST. JOHNS
  • Latitude: 29.6476
  • Longitude: -82.4155

    Address

  • Full Address: 512 Sw 68th Ter
  • Address - House Number: 512
  • Street Direction: SW
  • Address - Street Name: 68th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Gainesville
  • Carrier Code: R008
  • 4-Digit Zip Code: 2067
  • Zip Code: 32607

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,840
  • Tax Rate Code Area: 0400

    Appraisal Valuation

  • Standard Deviation: 0.4648
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 7
  • Final Value: 211,516
  • High Value: 309,829
  • Low Value: 113,202

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $157,500
  • First Open Lien Mortgage Lender: VAN DYK MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Nov 03, 2021
  • First Open Lien Mortgage Loan Amount: $157,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Market Valuation

  • Market Total Value: $188,604
  • Market Land Value: $40,000
  • Market Improvement Value: $228,604

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $188,604
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $148,604

    Sales

  • Current Sale Contract Date: Sep 27, 2021
  • Current Sale Recording Date: Nov 03, 2021
  • Current Sale Transaction ID: 11869088607
  • Current Sale Price: $210,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 3377551
  • Previous Sale Recording Date: Dec 15, 2005
  • Previous Sale Contract Date: Dec 15, 2005
  • Previous Sale Amount: $100
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: VAN DYK MORTGAGE CORP
  • First Mortgage Transaction Date: Nov 03, 2021
  • First Mortgage Loan Amount: $157,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

About Alachua



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$2,200 /mo

  • 1 Bed
  • 1 Bath
  • 650 ft²
Listing by Elena Bertussi-Bachman

Frequently Asked Questions

What neighborhood is 512 Southwest 68th Terrace located in?
The 512 Southwest 68th Terrace is a multifamily located in the neighborhood of Gainesville in Alachua, Gainesville.
What is the average sales price for listings in 512 Southwest 68th Terrace?
The average sales price for units in 512 Southwest 68th Terrace is $0 currently.

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