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Alachua 32641
40 NE 45th TERRACE
$179,000
● House - Off Market

40 NE 45th TERRACE

Gainesville, FL 32641
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,330 Ft²
$203,201
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

The well maintained 4 bedroom 2 bathroom house has lots to offer.  The home offers a split floor plan with lots of space and yard.  Low HOA.
Unit Size
1,330 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$135
Property Type
House
Property Taxes
$223
HOA Dues
$10
Year Built
2005

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Stellar MLS #GC446970)

Price History

Date / Event Date Event Price
Sep 30, 2021 Sold
Premium
Sold
Sep 30, 2021 Listed by Watson Realty Corp - NW 23rd Ave. $179,000
Listed by Watson Realty Corp - NW 23rd Ave.
Aug 2, 2007 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 27
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 260
  • Parking Space Count: 1
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 1,590
  • Gross Building Area: 1,590
  • Building Area: 1,330
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,330
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE FOREST-GAINESVILLE-LAKE FARMS REPLA
  • Land Acres: 0000000240
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 001
  • Legal Description 1: LAKE FOREST-GAINESVILLE-LAKE FARMS REPLAT PB 24 PG 28 LOT 24 OR 4936/273

Neighborhood

  • School District Name: Alachua County School District
  • Census Tract: 001400

Zoning

  • Zoning: R-1A

Geography

  • Parcel: 10882-010-024
  • Lot: 24
  • Meridian: SEC 01 TWN 10S RNG 20E
  • Municipality: ST. JOHNS
  • Latitude: 29.6523
  • Longitude: -82.2698

    Address

  • Full Address: 40 Ne 45th Ter
  • Address - House Number: 40
  • Street Direction: NE
  • Address - Street Name: 45th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Gainesville
  • Carrier Code: C021
  • 4-Digit Zip Code: 1979
  • Zip Code: 32641

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $299,365
  • Tax Rate Code Area: 0400

    Appraisal Valuation

  • Standard Deviation: 0.2311
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 228,192
  • High Value: 280,948
  • Low Value: 175,435

    Market Valuation

  • Market Total Value: $185,394
  • Market Land Value: $37,000
  • Market Improvement Value: $222,394

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $161,260

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 30, 2021
  • Current Sale Recording Date: Sep 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3369559
  • Previous Sale Recording Date: Aug 02, 2007
  • Previous Sale Contract Date: Jul 27, 2007
  • Previous Sale Amount: $131,000
  • Previous Sale Document Type: 20
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Alachua

Stats & Trends

Median Asking:

$334,900

Sale Price/ft²

$199

Below Asking

0.02%

Average Days on Market

74

Average Home Size

1833 ft²

Average Home Age

33.7 years

Currently For Sale

1664 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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STELLAR

Listed by: Jason Leverette
Watson Realty Corp - NW 23rd Ave.
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# GC446970
IDX information is provided exclusively for 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 is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 40 Northeast 45th Terrace built and last sold?
The property at 40 Northeast 45th Terrace was built in 2005 and last sold on Sep 30, 2021 for $179,000.
How much is this home worth?
The estimated value of the home located at 40 Northeast 45th Terrace is $0.
What are some comparable homes to 40 Northeast 45th Terrace?
There are currently no comparable homes to 40 Northeast 45th Terrace.
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