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668 NE 16th Terrace

Gainesville, FL 32641

4 beds
2 baths
2,560 sqft
6,970 sqft lot
$62 per sqft
1948 build
– on site

Investor opportunity. This 2,600 square foot range "shell" is being offered for sale with the lot that borders the property on the North side. Current owner originally had ideas to convert this structure into a duplex. Though not currently reflected on the County Property appraiser site, owner had talks with the City of Gainesville. They were reportedly amenable to putting multi-family or single family homes with Adu's on both lots. For an experienced investor, the shell is worth it to keep. Beyond that, it will truly be a full renovation/restoration job. There is opportunity here for someone with vision, know how, & resources. Seller highly prefers to sell the lot with the shell & the adjoining lot together, but if sold separately, he is asking 134,900 for the lot with the shell & 24,900 for the lot bordering on the North. Call for more information & to discuss. Seller is an experienced investor. Do not be afraid to make reasonable offers. Keep in mind seller is motivated, but not desperate or a fool. Let's make a win/win happen with this opportunity. Call today to discuss. (Seller is not willing to consider owner financing at this time.) Cash only.

Listing courtesy of STELLAR_MLS / ENGEL & VOLKERS GAINESVILLE

Last checked: Checking… • Last updated Nov 25, 2024 •

MLS# GC526472 —

The Building

Year Built:

1948
New Construction:

false
Construction Materials:

Block
Levels:

Two
Stories Total:

2
Roof:

Shingle
Foundation Details:

Slab
Building Area Total:

2640
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Accessibility Features
Flooring:

Hardwood
Fireplace:

false

Room Dimensions

Living Area:

2560
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Ne 8th Ave Eastbound across Waldo Rd. Turn right once you come to Ne 16th Ter. Continue to the property on the right. Sign will likely be out front.
Latitude:

29.658642
Longitude:

-82.30413
Coordinates:

-82.30413, 29.658642

The Property

Parcel Number:

10989000000
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Condition:

Fixer
Lot Size Acres:

0.16
Lot Size Area:

6970
Lot Size SqFt:

6970
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

RC
Direction Faces:

East
View:

false
Exterior Features:

Other
Water Source:

See Remarks
Road Surface Type:

Other
Flood Zone Code:

X
Additional Parcels:

true
Additional Parcels Description:

10988-000-000
Homestead:

false
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

7
Tax Legal Description:

ROSEMARY PARK PB C-95 LOT 7 BK C OR 4291/0096
Tax Book Number:

C-95
Tax Annual Amount:

3131.79

Beds

Bedrooms Total:

4

Baths

Total Baths:

1.5
Total Baths:

2
Full Baths:

1
Half Baths:

1

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Other
Heating:

true
Cooling:

None
Cooling:

false

Utilities

Utilities:

Electricity Available
Sewer:

Other

Appliances

Appliances:

None
Laundry Features:

Other

The Community

Subdivision Name:

NEW GV ROSEMARY SUB REP
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false

Monthly cost estimate

Asking price

$159,900

Expense	Monthly cost
Mortgage	$856
Taxes	$260
Insurance	$43
Utilities	$193 See report
Total	$1,352/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
11/24/24 Nov 24, 2024	Listed / Active	STELLAR_MLS	$159,900	18.4% (6.7% / YR)
2/16/22 Feb 16, 2022		STELLAR_MLS	$135,000	3.8%
2/3/22 Feb 3, 2022		STELLAR_MLS	$130,000

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This house located in East Gainesville, Gainesville, FL 32641 is currently for sale for $159,900. 668 NE 16th Terrace is a 2,560 square foot house with 4 beds and 2 baths that has been on Estately for 0 days. 668 NE 16th Terrace is in the East Gainesville neighborhood of Gainesville and has a WalkScore® of 48, making it car-dependent. This house is in the attendance area of Westwood Middle School, Gainesville High School, Rawlings Elementary School, and Charles W. Duval Elementary School.

Listing Courtesy of: STELLAR_MLS and ENGEL & VOLKERS GAINESVILLE.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.