5 months on rocket

427 NW 7th Ave, Gainesville, FL, 32601

$254,000

Home List Price

$3,016*

Closing Credit

1 Full Bath
372 SqFt
$683/SqFt
House

Location

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427 NW 7th Ave, Gainesville$254,000

Buyer Closing Credits

$3,016*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1940
HeatingOther
CoolingWall/Window Unit(s)
MLS #GC523077
Lot Size0.14 Acres
StatusActive

About 427 NW 7th Ave

This efficiently outfitted studio cottage sits on a corner parcel within the quickly growing Pleasant street neighborhood, adjacent to the new Santa Fe Blount Center and just a short walk or bike ride to both Downtown Gainesville and the University of Florida. This property's excellent location and small footprint allows for easy, low-cost maintenance for anybody looking for their first home. Additionally, ownership has already done the work with the city to establish a separate parcel directly behind the cottage that will be included in the sale. This parcel can perfectly accommodate up to 3 ADU's for additional rental income. The cottage can be purchased separately from the additional parcel.

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Stories: 1
  • Living Area: 372 SqFt

Listing Office:

  • Office Name: PORTAL REALTY
  • Office Phone: (352) 871-5864
  • Listing Agent: Maria Callen

Interior Features

Interior Information:

  • Appliances: Cooktop, Dryer, Freezer, Washer
  • Flooring Type: Wood
  • Interior: Kitchen/Family Room Combo, Living Room/Dining Room Combo

Bedroom and Bathroom Information:

  • Full Bathrooms: 1

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Courtyard, Sidewalk

Virtual/3D Tour

  • Virtual Tour: 427 NW 7th Ave
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Heading North on on NW 6th street, turn right on Columbia ST., stay left at the fork and you will see the property straight ahead on the corner parcel.

Price Information

Listing Price Info

Price Summary:

  • List Price: $254,000
  • Price Per SqFt: $683/SqFt

Tax Information:

  • Annual Amount: $1,053
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Gainesville, FL.

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Gainesville, FL

City

Med. Sold Price

$310K

Med. Price/SqFt

$196

Avg. Days On Market

70

# of Sold Homes

113

427 NW 7th Ave vs Gainesville

177 DAYS ON ROCKET

+107 Days

$254,000

-$56K Less

$683/SqFt

+$486 More

KEY TAKEAWAY

This property is $56K less than the Median Sold Price and $486/SqFt more than other homes in Gainesville, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #GC523077

Listing Office:

  • Office Name: PORTAL REALTY
  • Office Phone: (352) 871-5864
  • Listing Agent: Maria Callen

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 1:20:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 13, 2010Home Sold
$25,000
Jul 10, 2007Home Sold
$92,500

Tax History

YEARPROP. TAXASSESSMENT
2020$1,053$70,425
2019$894$24,948
2018$813$50,600
2017$639$28,600

History based on county public records data.

Payment Calculator

$1,335

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$828

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-715874
4
/10

  • Carolyn Beatrice Parker Elementary School

  • 1912 NW 5th Ave

  • 1.12 miles

  • Public District Grades KG-5

school-card-donut-715875
1
/10

  • W.A. Metcalfe Elementary School

  • 1250 NE 18th Ave

  • 1.45 miles

  • Public District Grades KG-5

school-card-donut-715876
4
/10

  • Joseph Williams Elementary School

  • 1245 SE 7th Ave

  • 1.50 miles

  • Public Magnet Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,977. Typical income of Gainesville, FL residents is less than $35k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 427 NW 7th Ave

What is the listing price of this property?

The listing price of 427 NW 7th Ave property is $254,000.

What type of property is this?

The property 427 NW 7th Ave is a house located in Gainesville, Florida, 32601.

Is this property for sale now?

Active Listing: 427 NW 7th Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,053 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 13, 2010 for $25,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 427 NW 7th Ave has 1 bathroom..

What is the square footage of this property?

The property 427 NW 7th Ave is 372 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 427 NW 7th Ave is 1940.

Rocket Homes›Florida›Alachua County›Gainesville›32601›427 NW 7th Ave

This home is located at 427 NW 7th Ave in Gainesville, FL and zip code 32601 in the Downtown neighborhood. This 372 square foot home, which was built in 1940, sits on a 0.14 acre lot. Features: 1 bathroom. It has been listed on Rocket Homes since June 27, 2024 and is currently priced at $254,000.

In November 2024, from all listings sold in Gainesville, FL there were more than 16 sold above asking price, over 77 sold below and more than 20 were sold right at the asked price. Between October 2024 and November 2024, Gainesville, FL real estate market has seen decrease in the number of listings by 3.2%. The median list price of listings available in November 2024 was $310,076, while the average time on the real estate market was 70 days.

From Rocket Homes Real Estate and based on county public records data.

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