3 months on rocket

505 NE 5th St, Gainesville, FL, 32601

$980,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
4 Full Baths
3,994 SqFt
$245/SqFt
House

Location

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505 NE 5th St, Gainesville$980,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Garage2 spaces
Year Built1904
HeatingCentral, Electric
CoolingCentral Air
Private PoolYes
MLS #GC523878
Lot Size0.28 Acres
StatusActive

About 505 NE 5th St

One of a kind, Historic W.B. Phifer House built in 1903 by William B. Phifer, who was a prominent business and civic leader in Gainesville at the turn of the century. The house is an excellent example of Colonial Revival architecture and features Corinthian porch columns made of solid cypress. This home has been preserved and maintained with its original windows, flooring and other architectural accoutrements. (The historical address is actually 506 NE 5th Ave). This amazing Duckpond Property has 4Br/3Ba 3,634 sqft in the main house with an additional 360 sqft 1Br/1Ba separate apartment. This historic home has two main entrances, one off of 5th Avenue and the other off of 5th Street. As you enter the home from the 5th avenue side you are greeted by large wrap around porches and a grand foyer with a first floor bedroom on the left and a formal study/flex room on the right. The main dining room and living rooms open to the amazing kitchen with stainless steel appliances and plenty of counter space, a large pantry, a full bath and a back entrance that leads to the driveway, garage, outdoor shower and 1br/1ba studio apartment. French doors from the kitchen lead to a newly installed pool and hot tub area (2022) with plenty of decking for sunning or entertaining. The fully fenced back yard includes a separate area that is currently being used for chickens. As you enter the home from the 5th street side you are greeted by another grand foyer with a large staircase to the second floor. Upstairs you will find the primary suite with a large walk around closet, updated bathroom and updated laundry area. There is an extensive open space area that fronts the two additional bedrooms and is perfect as a common play area or entertainment center. There is a screen sleeping porch off one of the bedrooms and you will notice as you walk through the house, the multiple restored historical decorative fireplace surrounds.

Property Details

Property Features

Property Information:

  • Year Built: 1904
  • Stories: 1
  • Living Area: 3,994 SqFt

Listing Office:

  • Office Name: BOSSHARDT REALTY SERVICES LLC
  • Office Phone: (352) 371-6100
  • Listing Agent: Ken Cornell

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer
  • Flooring Type: Wood
  • Interior: Chair Rail, Crown Molding, High Ceilings, PrimaryBedroom Upstairs, Solid Wood Cabinets, Thermostat, Walk-In Closet(s), Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Exterior: Other

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.28 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From University Ave, head east to NE 5th street. Head north on NE 5th street to home on the corner of 5th Ave and 5th Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $980,000
  • Price Per SqFt: $245/SqFt

Tax Information:

  • Annual Amount: $6,303
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$308K

Med. Price/SqFt

$196

Avg. Days On Market

60

# of Sold Homes

132

505 NE 5th St vs Gainesville

118 DAYS ON ROCKET

+58 Days

$980,000

+$672K More

$245/SqFt

+$49 More

KEY TAKEAWAY

This property is $672K more than the Median Sold Price and $49/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: #GC523878

Listing Office:

  • Office Name: BOSSHARDT REALTY SERVICES LLC
  • Office Phone: (352) 371-6100
  • Listing Agent: Ken Cornell

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: 11/20/2024, 10:49:49 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

Apr 01, 2015Home Sold
$433,000
Feb 01, 1999Home Sold
$285,000

Tax History

YEARPROP. TAXASSESSMENT
2020$6,303$308,232
2019$7,172$339,274
2018$6,842$348,940
2017$6,505$316,580

History based on county public records data.

Payment Calculator

$4,959

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,005

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-211040
4
/10
  • Joseph Williams Elementary School

  • 1245 SE 7th Ave

  • 1.01 miles

  • Public Magnet Grades KG-5

school-card-donut-211041
1
/10
  • W.A. Metcalfe Elementary School

  • 1250 NE 18th Ave

  • 1.14 miles

  • Public District Grades KG-5

school-card-donut-211042
7
/10
  • Boulware Springs Charter

  • 1303 NE 23rd Ave

  • 1.41 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $66,009. Typical income of Gainesville, FL residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 NE 5th St

What is the listing price of this property?

The listing price of 505 NE 5th St property is $980,000.

What type of property is this?

The property 505 NE 5th St is a house located in Gainesville, Florida, 32601.

Is this property for sale now?

Active Listing: 505 NE 5th St 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 $6,303 (source: MLS/based on county public records data).

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

The last sale was on April 1, 2015 for $433,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 505 NE 5th St has 5 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 505 NE 5th St is 3,994 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 NE 5th St is 1904.

Rocket Homes›Florida›Alachua County›Gainesville›32601›505 NE 5th St

This home is located at 505 NE 5th St in Gainesville, FL and zip code 32601 in the Downtown neighborhood. This 3,994 square foot home, which was built in 1904, sits on a 0.28 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 25, 2024 and is currently priced at $980,000.

While more than 11 listings in Gainesville, FL in October 2024 were sold above asking price, there were more than 20 listings sold at asking price, and more than 101 were sold below. Between September 2024 and October 2024, Gainesville, FL real estate market has seen decrease in the number of listings by 0.4%. In October 2024, listings were on the market for 60 days. During the same period, the median list price in this real estate market was $308,000.

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

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