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Alachua 32607
8 SW 79th DRIVE
$350,000
● House - Off Market

8 SW 79th DRIVE

GAINESVILLE, FL 32607
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,855 Ft²
$385,079
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

4/2 (Sunningdale) Block / Brick home in established community with beautiful live oak trees , just minutes to restaurants , shopping ,  Front double doors open into ceramic tiled entry foyer formal living room with large window that overlooks front yard and parquet floors formal dining room with chair rail both with parquet wood floors large family room with brick fireplace and recessed built in shelving . The large kitchen has breakfast nook area and lots of counter and cabinet space , the 2 car garage was converted into a large recreation room/game room  , newly installed landscapping gives the home great curb appeal , roof was replaced in 2011 AC in 2015.
Unit Size
2,855 Ft²
Days on Market
63 days
Land Size
1.02 acres
Price per sqft
$128
Property Type
House
Property Taxes
$489
HOA Dues
-
Year Built
1975

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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 #GC508065)

Price History

Date / Event Date Event Price
Nov 21, 2022 Sold
Premium
Sold
Sep 16, 2022 Listed by WATSON REALTY CORP $364,900
Listed by WATSON REALTY CORP
Aug 1, 2002 Sold
Premium
Sold
Dec 1, 1987 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • 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: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,996
  • Total Building Area: 2,855
  • Gross Building Area: 2,855
  • Building Area: 2,855
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,855
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUNNINGDALE
  • Land Acres: 0000001010
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 001
  • Legal Description 1: SUNNINGDALE PB H-23 LOT 44C OR 5053/0411

Neighborhood

  • School District Name: Alachua County School District
  • Census Tract: 002207

Zoning

  • Zoning: RE-1

Geography

  • Parcel: 06656-644-003
  • Lot: 44C
  • Meridian: SEC 05 TWN 10S RNG 19E
  • Municipality: ST. JOHNS
  • Latitude: 29.6523
  • Longitude: -82.4272

    Address

  • Full Address: 8 Sw 79th Dr
  • Address - House Number: 8
  • Street Direction: SW
  • Address - Street Name: 79th
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Gainesville
  • Carrier Code: R015
  • 4-Digit Zip Code: 1539
  • Zip Code: 32607

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $572,609
  • Tax Rate Code Area: 0400

    Appraisal Valuation

  • Standard Deviation: 0.1955
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 73
  • Final Value: 454,162
  • High Value: 542,971
  • Low Value: 365,354

    Market Valuation

  • Market Total Value: $295,838
  • Market Land Value: $70,000
  • Market Improvement Value: $365,838

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $295,838
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $225,838

    Sales

  • Current Sale Contract Date: Nov 17, 2022
  • Current Sale Recording Date: Nov 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3458240
  • Previous Sale Recording Date: Aug 01, 2002
  • Previous Sale Contract Date: Aug 01, 2002
  • Previous Sale Amount: $173,700
  • 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 Alachua

Stats & Trends

Median Asking:

$330,000

Sale Price/ft²

$198

Below Asking

0.03%

Average Days on Market

85

Average Home Size

1859 ft²

Average Home Age

31.8 years

Currently For Sale

1165 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 9044 Sw 25th Road, GAINESVILLE, FL, 32608

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,926 ft²
9044 Sw 25th Road, GAINESVILLE, FL, 32608 Listing by Jillian DeDier
Unit for rent at 2429 Nw 93rd Street, GAINESVILLE, FL, 32606

$2,695 /mo

  • 4 Beds
  • 2 Baths
  • 2,008 ft²
2429 Nw 93rd Street, GAINESVILLE, FL, 32606 Listing by Todd Shealy

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Sherman Bryan, Jr.
WATSON REALTY CORP
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# GC508065
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 8 Southwest 79th Drive built and last sold?
The property at 8 Southwest 79th Drive was built in 1975 and last sold on Nov 17, 2022 for $350,000.
How much is this home worth?
The estimated value of the home located at 8 Southwest 79th Drive is $0.
What are some comparable homes to 8 Southwest 79th Drive?
There are currently no comparable homes to 8 Southwest 79th Drive.
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