by RH Advisors

See Home Value
$410,000
House - Off Market

506 SW 40th TERRACE

GAINESVILLE, FL 32607
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2077 Sqft
$2,379
Estimated Monthly
6.48%
Cap Rate

About This Property

Welcome to your nature lover's paradise! This charming 4BR/2BA ranch style home built by Fletcher in 1966 is situated on a spacious corner lot, offering the perfect blend of comfortable living and outdoor slender. This purchase also comes with a 2nd corner buildable lot perfect to keep the beauty of the natural extended yard with automatic built in value. You can keep the 2nd corner lot, build a 2nd home on it to keep or sell, or sell it! You don't need to ask to have a 2nd home on your property. This lot already allows it! No matter what, you will always have double value with this sale! The one-story layout is meticulously designed for effortless living, emphasizing practicality and convenience at every turn. The large, separate but inviting living room, dining room, and family room with a cozy fireplace ensures a seamless flow between each, while giving plenty of space to entertain, relax alone, or enjoy the views through the large windows. Step outside into the sprawling double lot, and you will find yourself in an outdoor lover's dream. With ample space for gardening, birdwatching, searching for flint rocks in the dirt, and walking around the trails in between the trees, this expansive property is a sanctuary for nature enthusiasts who love the wildlife appeal of native plant species like the Cardinal loving Beautyberries and Sparkleberries. 

The new HVAC system, water heater, garage doors roof and newly painted interior offer the next owner peace of mind to focus on leaving the mid-century appeal already inherent in the home or updating where desired. Only minuted to the University of Florida, Downtown Gainesville and the heart of restaurants and shopping in the NW, this is the perfect central location for walking, biking, or a quick drive to just about anything and everything Gainesville has to offer, as well as a jaunt around Clear Lake Nature Park or a hike in the Sugarfoot Prairie Conservation Area. This home is central to an Urban lifestyle while being nestled in between a natural paradise. Do not hesitate to all this your home!
Unit Size
2,077Ft²
Days on Market
161 days
Land Size
0.64 acres
Price per sqft
$217
Property Type
House
Property Taxes
$169
HOA Dues
-
Year Built
1966
Last updated: 2 months ago (Stellar MLS #GC517417)

Price History

Date / Event Date Event Price
Apr 25, 2024 Sold $410,000
Sold
Mar 20, 2024 In contract -
In contract
Jan 11, 2024 Price Increased $450,000
↑ $30K (7.1%)
Price Increased
Nov 16, 2023 Listed by RABELL REALTY GROUP LLC $420,000
Listed by RABELL REALTY GROUP LLC
May 31, 2001 Sold to Robert E Weikert $138,000
Sold to Robert E Weikert
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Type: Attached
  • Garage Type: Attached
  • Garage Square Area: 621
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 13,504
  • Total Building Area: 2,698
  • Gross Building Area: 2,698
  • Building Area: 2,077
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,077
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FLETCHER HEIGHTS UNIT III
  • Land Acres: 0.31
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FLETCHER HEIGHTS NO 3 PB F-90 LOT 8 OR 378/212

Ownership

  • Current Owner : WEIKERT ROBERT E
  • Previous Owner : CLEMENTE ANTHONY
  • Previous Owner 2: CLEMENTE ROSE ANN
  • Owner Before Previous Owner: TERHUNE JAMES L
  • Owner Before Previous Owner 2: TERHUNE FRANCES W
  • Is Owner Occupied: Owner-occupied property
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Dec 21, 2023

Neighborhood

  • School District Name: Alachua County School District
  • Census Tract: 001605

Zoning

  • Zoning: RSF1

Geography

  • Assessors Map Reference: QTR SEC 4044
  • Parcel: 06525-008-000
  • Lot: 8
  • Meridian: SEC 02 TWN 10S RNG 19E
  • Municipality: GAINESVILLE
  • Latitude: 29.6476
  • Longitude: -82.3863

    Address

  • Full Address: 506 Sw 40th Ter
  • Address - House Number: 506
  • Street Direction: SW
  • Address - Street Name: 40th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Gainesville
  • Carrier Code: C022
  • 4-Digit Zip Code: 2758
  • Zip Code: 32607

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,147
  • Tax Rate Code Area: 3600

    Appraisal Valuation

  • Standard Deviation: 0.0896
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 92
  • Final Value: 418,492
  • High Value: 456,006
  • Low Value: 380,978

    Market Valuation

  • Market Total Value: $272,335
  • Market Land Value: $108,000
  • Market Improvement Value: $380,335

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $127,122

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 30, 2001
  • Current Sale Recording Date: May 31, 2001
  • Current Sale Transaction ID: 1065932800
  • Current Sale Price: $138,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Oct 27, 1995
  • Previous Sale Contract Date: Oct 20, 1995
  • Previous Sale Amount: $88,900
  • Previous Sale Document Type: Warranty Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
1,999 ft²
$200/ft²
$399,750 Apr 28, 2023
$399,750 May 31, 2023
$368/mo
House
4 Beds
3 Baths
1,818 ft²
$221/ft²
$401,300 Jun 16, 2023
$401,300 Jul 5, 2023
$372/mo
House
4 Beds
3 Baths
3,269 ft²
$139/ft²
$455,000 Jan 11, 2024
$455,000 Mar 28, 2024
$302/mo
House
3 Beds
2 Baths
2,323 ft²
$170/ft²
$395,000 Aug 10, 2023
$395,000 Dec 15, 2023
$261/mo
House
3 Beds
2 Baths
1,775 ft²
$208/ft²
$369,000 Jun 1, 2023
$369,000 Jul 10, 2023
$252/mo
House
3 Beds
2 Baths
1,882 ft²
$203/ft²
$382,500 Mar 18, 2023
$382,500 May 25, 2023
$322/mo
House
4 Beds
2 Baths
2,176 ft²
$191/ft²
$414,900 Jan 25, 2024
-
$510/mo
House
4 Beds
2 Baths
2,310 ft²
$221/ft²
$510,000 Apr 8, 2024
-
$351/mo
House
4 Beds
2 Baths
2,342 ft²
$187/ft²
$439,000 Apr 4, 2024
-
$517/mo
House
4 Beds
2 Baths
2,300 ft²
$173/ft²
$399,000 Mar 7, 2024
-
$651/mo
House
3 Beds
2 Baths
2,138 ft²
$189/ft²
$405,000 Dec 18, 2023
-
$531/mo
House
5 Beds
4 Baths
2,818 ft²
$134/ft²
$379,000 Dec 21, 2023
-
$498/mo

About Sugarfoot


Similar Homes for Sale

Unit for sale at 1039 Northwest 41st Drive, GAINESVILLE, FL 32605

$399,000

  • 4 Beds
  • 2 Baths
  • 2,300 ft²
1039 Northwest 41st Drive, GAINESVILLE, FL 32605 Listing by Sonny Martin, JR
Unit for sale at 910 Northwest 37th Drive, GAINESVILLE, FL 32605

$439,000

  • 4 Beds
  • 2 Baths
  • 2,342 ft²
910 Northwest 37th Drive, GAINESVILLE, FL 32605 Listing by Eric Leightman
Unit for sale at 3746 Southwest 4th Place, GAINESVILLE, FL 32607

$510,000

  • 4 Beds
  • 2 Baths
  • 2,310 ft²
3746 Southwest 4th Place, GAINESVILLE, FL 32607 Listing by Ralph Harvey

Nearby Rentals

Unit for rent at 3857 W University Avenue, GAINESVILLE, FL, 32607

$2,500 /mo

  • 4 Beds
  • 3 Baths
  • 1,818 ft²
3857 W University Avenue, GAINESVILLE, FL, 32607 Listing by RH Advisors Stellar
Unit for rent at 1604 Sw 66th Drive, GAINESVILLE, FL, 32607

$2,350 /mo

  • 3 Beds
  • 2 Baths
  • 1,532 ft²
1604 Sw 66th Drive, GAINESVILLE, FL, 32607 Listing by RH Advisors Stellar
Unit for rent at 5301 Nw 23rd Avenue, GAINESVILLE, FL, 32606

$2,380 /mo

  • 3 Beds
  • 2 Baths
  • 1,979 ft²
5301 Nw 23rd Avenue, GAINESVILLE, FL, 32606 Listing by RH Advisors Stellar


Frequently Asked Questions

When was property at 506 Southwest 40th Terrace built and last sold?
The property at 506 Southwest 40th Terrace was built in 1966 and last sold on May 30, 2001 for $138,000.
How much is this home worth?
The estimated value of the home located at 506 Southwest 40th Terrace is $426,148.
What are some comparable homes to 506 Southwest 40th Terrace?
Homes that are comparable to 506 Southwest 40th Terrace include a house property at 3746 Southwest 4th Place, 910 Northwest 37th Drive, 1039 Northwest 41st Drive.

Quantcast