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Listing provided courtesy of FLORIDA HOMES REALTY & MORTGAGEas Distributed by MLSGrid- MLS# MFRTB8428971MLS Provider

1516 NE 5TH PLACEGAINESVILLE, FL 32641

Single Family · 3 Beds · 1 Full Bath · 1,170 Sq. ft. | 0.22 Acres
$120,000 Active

1516 NE 5TH PLACE Overview

Time on Site:
283 days
Visits:
1

Seller Motivated .... GREAT INVESTMENT OPPORTUNITY !!! This 3 Bed, 1 Bath 1,170 sqft. Home is Ready for the right vision, it can be transformed into a comfortable, stylish residence with notable resale value. Being sold as-is. The home features an open concept living/dining/kitchen area with a newer Roof 2022. Outside, a one-car carport provides ample covered parking in a .22-acre lot space It is perfectly situated to enjoy the best of Gainesville, with quick access to UF, lively entertainment, and a variety of great restaurants and shopping. Don’t wait! Schedule your showing today and make it yours!

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1516 NE 5TH PLACE Facts & Features

  • Type Single Family
  • Sq. ft. 1,170
  • Price/Sq.ft. $103
  • Lot 0.22 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • Elementary School: Marjorie Kinnan Rawlings Elementary School-AL
  • Middle Or Junior School: Westwood Middle School-AL
  • High School: Gainesville High School-AL

Building Information

  • New Construction: No
  • Year Built: 1971

Location/Region

  • Country: US
  • County Or Parish: Alachua
  • MLS Area Major: 32641 - Gainesville
  • Subdivision Name: NEW GV WAITS SUB
  • Township: 10

Tax Information

  • Tax Annual Amount: 378.85
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional
  • Ownership: Fee Simple
  • Parcel Number: 11044-000-000
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None
  • Zoning: RC

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 3

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 1562
  • Building Area Units: Square Feet

General Information

  • Appliances: Gas Water Heater,Refrigerator
  • Cooling: None
  • Fireplace: No
  • Flooring: Carpet,Laminate
  • Foundation Details: Other
  • Heating: Natural Gas
  • Interior Features: Living Room/Dining Room Combo,Open Floorplan
  • Laundry Features: Other
  • Levels: One
  • Living Area: 1170
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Stories Total: 1

Exterior

Parking Information

  • Parking Features: Covered,Driveway

Lot Information

  • Additional Parcels: No
  • Lot Features: Paved
  • Lot Size Acres: 0.22
  • Lot Size Square Feet: 9583
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Stucco
  • Direction Faces: South
  • Roof: Shingle

General Information

  • Carport Spaces: 1
  • Carport: Yes
  • Exterior Features: Storage
  • Fencing: Fenced
  • Other Structures: Shed(s)
  • Pool Private: No
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Water Available

Room Information

Room: Bedroom 2

  • Level: First

Room: Bedroom 3

  • Level: First

Room: Dining Room

  • Level: First

Room: Kitchen

  • Level: First

Room: Living Room

  • Level: First

Room: Primary Bathroom

  • Level: First

Room: Primary Bedroom

  • Level: First

1516 NE 5TH PLACE Neighborhood

Community

32641 (GAINESVILLE) Demographics

35
Median Age
268
Population Density (per sq. mile)
27%
College Educated
$36,126
Estimated Median Income
2,854
Estimated Total Home Owners
2,276
Estimated Total Renters
56% / 44%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1516 NE 5TH PLACE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1516 NE 5TH PLACE Market Data

Based on the last 30 days in this zip code

$227,689
Average List Price
$169
Average Price per Square Foot
7
Properties Sold
104
Average Days on Market
56
Properties for Sale
Calculations provided by Reliance Network

1516 NE 5TH PLACE History

Date Event Value Agent
4/27/2026Source: My Florida Regional MLS Price Reduction
$120,000 -7.7%
2/2/2026Source: My Florida Regional MLS Price Reduction
$130,000 -5.1%
1/30/2026Source: My Florida Regional MLS Price Reduction
$137,000 -2.1%
1/12/2026Source: My Florida Regional MLS Price Reduction
$140,000 -3.4%
11/7/2025Source: My Florida Regional MLS Price Reduction
$145,000 -3.3%
10/13/2025Source: My Florida Regional MLS Price Reduction
$150,000 -3.2%
10/6/2025Source: My Florida Regional MLS Price Reduction
$155,000 -3.1%
9/18/2025Source: My Florida Regional MLS Added to Database
September 18, 2025