831 NW 20 Terrace, Gainesville FL 32603

For sale Days on market 1

Lorraine Court [ Single Family Residence ]

$695,000

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Overview

Bedroom

Bath

Year Built

1956

Property Type

Single Family Residence

Property Description

Beautifully updated with great income potential. Meticulously maintained, this home offers exceptional comfort and versatility. A comprehensive renovation was completed in 2025, including all-new plumbing with updated water lines and PVC drains to the sewer, electrical upgrades for improved efficiency and safety, new attic insulation, and brand-new A/C ductwork. The property also features a newly added bathroom in the ADU/in-law suite and a spacious new primary bathroom creating a true primary suite in the main house. High-quality porcelain tile flooring runs throughout, and the roof was replaced within the last few years. This gorgeous home is filled with thoughtful details and flexible living options. Enjoy the main residence while renting out the ADU for additional income, create comfortable multigenerational living, or use the space for students or guests. With so much potential and so many upgrades already completed, this is an opportunity you won’t want to miss!

Property Details

MLS#

A11981226

Building

Lorraine Court

Address

831 20 Terrace NW

City

Gainesville

State/county

Zip/Postal Code

32603

Area

Lorraine Court

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$7,763

Maint Fee

$--

Tax Year

2025

Dishwasher

Disposal

Dryer

Electric Water Heater

Microwave

Electric Range

Refrigerator

Washer

Garden

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