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724 Nw 7th Avenue, Gainesville, FL 32601

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For Sale

$338,000

3 beds • 2 baths • 1,434 sqft

Estimated Payment

$ 1,928 /mo. †

6.67% APR for 30 yrs.
$2,263 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • $235.70
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

UF students and Grad students - why pay $2,000+ rent when you can buy this amazing home less than 1 mile to UF and make money while completing your education! Rare opportunity to own this beautifully remodeled craftsman style home in a prime location less than 1 mile to UF! Split bedroom plan featuring 3 large bedrooms and 2 full bathrooms. Open kitchen with quartz countertops and new appliances. Luxury vinyl flooring throughout the house. Main bedroom is split from the guest bedrooms and features a luxury bathroom and a side patio with a large swing. Side patio separate entrance to the main bedroom and to the laundry room so the main bedroom can be used as an in-law suite or rental unit. Front entrance Florida Room is huge and bright with windows and LVP flooring. All stainless steel appliances highlight the open kitchen. Why waste money on rent when you can own this beautiful property and make money short and long term as a great investment. So close to everything! 1/2 mile to Santa Fe College Charles L. Blount Center, .4 miles to Flatfish Bakery, .7 miles to Publix on 13th (UF), .8 to Matherly Hall at UF, 1.5 miles to Ben Hill Griffin Stadium, Less than 1 mile to Dragonfly Sushi and downtown and less than 1.5 miles to Depot Park and the 4th Ave Food Park and so much more. Here's the math: Scenario 1: Renting a Similar Property Near UF Rent: $2,200/month Annual Rent Cost: $26,400 Total Rent Over 4 Years: $105,600 Scenario 2: Purchasing 724 NW 7th Ave Total Housing Cost Over 4 Years: $116,640 Net Equity Gained After 4 Years: $66,900 Net Cost of Buying (Before Rental Income): $49,740 Rental Income from Extra Bedrooms Estimated Rent per Bedroom: $800/month Total Rent for 2 Bedrooms: $1,600/month Annual Rental Income: $1,600 × 12 = $19,200 Total Rental Income Over 4 Years: $19,200 × 4 = $76,800 Net Cost of Buying After Rental Income Net Cost Before Rental Income: $49,740 Less Rental Income (2 Bedrooms): $76,800 Final Adjusted Net Cost: -$27,060 (Profit!) Updated Savings Comparison: Renting vs. Buying Total Rent Paid Over 4 Years: $105,600 Final Adjusted Net Cost of Buying (After Rental Income): -$27,060 (Profit!) Potential Savings vs. Renting: $132,660 Final Takeaway With this setup, not only does buying save over $132K vs. renting, but it actually turns into a profitable investment, generating $27,060 in positive cash flow over four years.
MLS# GC527446

Courtesy Of Compass

(813) 355-0744

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan
  • Appliances
    Dishwasher, Dryer, Garbage Disposer, Range, Refrigerator, Washer
  • Architecture Style
    Cottage
  • Floor Covering
    Tile, Vinyl
  • Heating System
    Central Furnace
  • Lot Size
    0.11 Acres
  • Roof Type
    Metal
  • Rooms
    Family Room, Great Room, Kitchen

Map and Directions

Directions to 724 Nw 7th Avenue, Gainesville, FL 32601

Home seller CENTURY 21 Lighthouse Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Lighthouse Realty

(904) 562-5652
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $1,739
  • Property Taxes
    $188
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,928

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Carolyn Beatrice Parker Elementary School

Grades KG-5 Public School

Gainesville, FL 32603 0.9 miles
1912 nw 5th ave

495 total students
13:1 Student teacher ratio

School Rating: C-

School Details

Westwood Middle School

Grades 6-8 Public School

Gainesville, FL 32605 2.3 miles
3215 nw 15th ave

893 total students
20:1 Student teacher ratio

School Rating: D+

School Details

Gainesville High School

Grades 9-12 Public School

Gainesville, FL 32609 0.9 miles
1900 nw 13th st

1823 total students
26:1 Student teacher ratio

School Rating: C+

School Details
Other Nearby Schools Distance Type Grades School Rating
Morning Meadow 0.2 miles Private PK-KG
A. Quinn Jones/exceptional Student Center 0.2 miles Public 6-12 F
Persimmon Early Learning Academy Llc 0.4 miles Private KG-2
Sidney Lanier Center 0.8 miles Public KG-12
St Patrick Interparish School 1 miles Private PK-8
P.k. Yonge Developmental Research School 1.2 miles Public KG-12 A-
P. K. Yonge Virtual Franchise 1.2 miles Public 6-12
Laniakea Montessori School 1.3 miles Private PK-7
Resilience Charter School Inc 1.3 miles Public 6-8 D
Pace 1.3 miles Public 6-12
Howard W. Bishop Middle School 1.4 miles Public 6-8 C-
North Central Florida Public Charter School 1.4 miles Public 8-12 F
W.a. Metcalfe Elementary School 1.6 miles Public KG-5 D
Joseph Williams Elementary School 1.7 miles Public KG-5 C
Abraham Lincoln Middle School 1.8 miles Public 6-8 B-
Boulware Springs Charter 1.8 miles Public KG-5 B
Caring & Sharing Learning School 2 miles Public PK-6 C+
Hospital Homebound 2 miles Public KG-12

Morning Meadow

Distance: 0.2 miles

Type Private

Grades: PK-KG

A. Quinn Jones/exceptional Student Center

Distance: 0.2 miles

Type Public

Grades: 6-12

F

Persimmon Early Learning Academy Llc

Distance: 0.4 miles

Type Private

Grades: KG-2

Sidney Lanier Center

Distance: 0.8 miles

Type Public

Grades: KG-12

St Patrick Interparish School

Distance: 1 miles

Type Private

Grades: PK-8

P.k. Yonge Developmental Research School

Distance: 1.2 miles

Type Public

Grades: KG-12

A-

P. K. Yonge Virtual Franchise

Distance: 1.2 miles

Type Public

Grades: 6-12

Laniakea Montessori School

Distance: 1.3 miles

Type Private

Grades: PK-7

Resilience Charter School Inc

Distance: 1.3 miles

Type Public

Grades: 6-8

D

Pace

Distance: 1.3 miles

Type Public

Grades: 6-12

Howard W. Bishop Middle School

Distance: 1.4 miles

Type Public

Grades: 6-8

C-

North Central Florida Public Charter School

Distance: 1.4 miles

Type Public

Grades: 8-12

F

W.a. Metcalfe Elementary School

Distance: 1.6 miles

Type Public

Grades: KG-5

D

Joseph Williams Elementary School

Distance: 1.7 miles

Type Public

Grades: KG-5

C

Abraham Lincoln Middle School

Distance: 1.8 miles

Type Public

Grades: 6-8

B-

Boulware Springs Charter

Distance: 1.8 miles

Type Public

Grades: KG-5

B

Caring & Sharing Learning School

Distance: 2 miles

Type Public

Grades: PK-6

C+

Hospital Homebound

Distance: 2 miles

Type Public

Grades: KG-12

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Gainesville, FL 32601

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Gainesville, FL 32601

This community’s employment is highest in the food and administrative support industries. The area’s overall household expenses are below the national average.

91° July
Hottest Average Month
43° January
Coldest Average Month
10,051 Total Households in Area
0.7% Increase in population since the year 2010
11.9%
of households
have children
16 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Gainesville, FL 32601

Gainesville, FL 32601 has a population of 22,586 people in 10,051 households with a median age of 28.1 years old.

0.7%
Increase in population
since the year 2010
Population is Trending up
9,836
Total households as of 2010
5.9%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 28.1 years old. The smallest percentage group is 18-24 years and the largest percentage is the 75-84 years age range.

Community Population By Ethnicity

White 61%
Black 18%
Hispanic 15%
Asian 6%
Other 3%
Native American <1%
The most prevalent ethnicity is White at 61%, followed by Black at 18%, Hispanic at 15%, and Asian at 6%.

Economics
for Gainesville, FL 32601

4,851 /sq mi
Population Density
$34,505 /yr
Median Household Income
$277,500
Median Sales Price
16 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Under $15k representing 29.79% of the households.

Transportation to Work

  • Drive 65%
  • Walk or Bike 24%
  • Work from Home 8%
  • Public Transit 4%

Occupancy by Type

Rented 7,590 68%
Owned 2,461 22%
Vacant 1,182 11%

White vs Blue Collar Jobs







White Collar 91%
Blue Collar 9%

Family & Education Facts
for Gainesville, FL 32601

28.1 Median Age

Average Household Size

2
persons per
household

14.4%

Married Households

Community Population By Education

Graduate Degree 28%
Bachelors Degree 27%
Some College 16%
High School Graduate 15%
Associates Degree 9%
Some High School 5%
Of the total people surveyed, the most prevalent educational attainment level is Graduate Degree, representing 28.1% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
11.9% of households have children

Weather
for Gainesville, FL 32601

The weather for this area ranges from a high of 91° F in July to a low of 43° F in January

91° July
Hottest Average Month
43° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
43°
68°
Feb
45°
70°
Mar
50°
76°
Apr
55°
81°
May
62°
87°
Jun
69°
90°
Jul
71°
91°
Aug
71°
91°
Sep
69°
88°
Oct
60°
82°
Nov
50°
75°
Dec
44°
69°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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