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5724 Northwest 25th Terrace

5724 Northwest 25th Terrace, Gainesville, FL 32653
Sold May 01, 2023
$398,000
$298,500 by Cardinal Fin'l Co Lp
Mortgage Due Jun 01, 2053
Sold Oct 12, 2021
$285,000
$213,750 by Lendsure Mortgage Corp
Mortgage Due Nov 01, 2051
Local assessors in Gainesville, FL have categorized 5724 Northwest 25th Terrace as a residential type of property. The home was built in 1981 and is 43 years old. It was most recently renovated and altered in 1993. The property's lot size has been calculated to be 5,227 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 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 is one full bathroom. There is also a partial bathroom. 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 5724 Northwest 25th Terrace has a total of 3,348 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. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 5724 Northwest 25th Terrace was last sold in Apr 28, 2023 for $398,000. According to our calculations, that's $118.88 per sqft. Prior to that sales transaction, the property was sold for $285,000 in Oct 7, 2021. Current property owners are expected to pay $5,813 in taxes per year. The property on 5724 Northwest 25th Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $246,362. To break that down further, the land itself was valued at $55,000. While improvements to the property were assessed at a total of $191,362. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Condo
  • 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: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 3,348
  • Gross Building Area: 3,348
  • Building Area: 3,348
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,348
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: AFFORDABLE ALTERNATIVE
  • Land Acres: 0.12
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: PINERIDGE IV PB J-87 LOTS 33 THRU 36 OR 5087/1859

Ownership

  • Current Owner : MERCK RANDALL
  • Previous Owner : ADEWOPO JULIUS
  • Previous Owner 2: ADEWOPO ADEFUNKE P
  • Owner Before Previous Owner: NORTH TREE SYSTEMS LLC
  • Ownership Rights Codes: Married Man as his sole & separate property

Neighborhood

  • School District Name: Alachua County School District
  • Census Tract: 001803

Geography

  • Assessors Map Reference: QTR SEC 3247
  • Parcel: 06014-071-001
  • Lot: 33-36
  • Meridian: SEC 13 TWN 09S RNG 19E
  • Municipality: GAINESVILLE
  • Latitude: 29.7074
  • Longitude: -82.3603

    Address

  • Full Address: 5724 Nw 25th Ter
  • Address - House Number: 5724
  • Street Direction: NW
  • Address - Street Name: 25th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Gainesville
  • Carrier Code: R071
  • 4-Digit Zip Code: 1960
  • Zip Code: 32653

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,813
  • Tax Rate Code Area: 3700

    Appraisal Valuation

  • Standard Deviation: 0.4648
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 7
  • Final Value: 313,625
  • High Value: 459,398
  • Low Value: 167,851

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $298,500
  • First Open Lien Mortgage Lender: CARDINAL FIN'L CO LP
  • First Open Lien Mortgage Recording Date: May 01, 2023
  • First Open Lien Mortgage Loan Amount: $298,500
  • 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: Jun 01, 2053

    Market Valuation

  • Market Total Value: $246,362
  • Market Land Value: $55,000
  • Market Improvement Value: $301,362

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $246,362
  • Assessed Land Value: $55,000
  • Assessed Improvements Value: $191,362

    Sales

  • Current Sale Contract Date: Apr 28, 2023
  • Current Sale Recording Date: May 01, 2023
  • Current Sale Transaction ID: 11906737592
  • Current Sale Price: $398,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 3487882
  • Previous Sale Recording Date: Oct 12, 2021
  • Previous Sale Contract Date: Oct 07, 2021
  • Previous Sale Amount: $285,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CARDINAL FIN'L CO LP
  • First Mortgage Transaction Date: May 01, 2023
  • First Mortgage Loan Amount: $298,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: LENDSURE MORTGAGE CORP
  • Previous Mortgage Transaction Date: Oct 12, 2021
  • Previous Mortgage Loan Amount: $213,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2051

About Gainesville



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Frequently Asked Questions

What neighborhood is 5724 Northwest 25th Terrace located in?
The 5724 Northwest 25th Terrace is a located in the neighborhood of High Springs-Alachua in Gainesville, Gainesville.
What is the average sales price for listings in 5724 Northwest 25th Terrace?
The average sales price for units in 5724 Northwest 25th Terrace is $0 currently.

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