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1516 NE 5TH PLACE

House For Sale
$120,000

BTC: 1.90476190

ETH: 68.72852234

-$40K (2026/04/27)
259 days
3 bds
1 ba
1,170 sqft

Overview

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!

Location

Details

Type:
Residential
Parking:
Covered / Driveway
Year Built:
1971
Lot:
0.22 Acres
Heating:
Natural Gas
Price/sqft:
$103
Cooling:
None
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$189,900
$120K – $234K
Confidence Low
List vs. estimate
$69K below estimate
List $120,000 · -36.8%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$102
-53.3% vs. city median $219
Based on
7 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$378
2024
All facts and features
  • Flooring

    • Carpet

    • Laminate

    Heating

    • Natural Gas

    Cooling

    • None

    Appliances

    • Gas Water Heater

    • Refrigerator

    Other interior features

    • Living Room/Dining Room Combo

    • Open Floorplan

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 1

  • Parking

    • Covered

    • Driveway

    Property

    • Levels: One

    • Exterior Features: Storage

    Lot

    • Lot: 0.22 Acres

    Other Property Information

    • Parcel Number: 11044000000

    • Zoning: RC

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Electricity Available

    • Water Available

  • Other financial information

    • Annual tax amount: $379

  • Source details

    • MLS ID: TB8428971

    Other facts

    • Construction Materials: Stucco

    • Foundation Details: Other

    • Laundry Features: Other

    • Direction Faces: South

    • Other Structures: Shed(s)

    • Living Area: 1170

    • Water Source: Public

    • Subdivision Name: NEW GV WAITS SUB

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: FLORIDA HOMES REALTY & MORTGAGE