Sold for $410,000 on 04/25/24
$410,000
506 SW 40th Ter, Gainesville, FL 32607
4beds
2,077sqft
Single Family Residence
Built in 1966
0.64 Acres Lot
$407,400 Zestimate®
$197/sqft
$3,544 Estimated rent
Home value
$407,400
$371,000 - $444,000
$3,544/mo
Zestimate® history
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Owner options
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What's special
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!
Zillow last checked: 8 hours ago
Listing updated: April 26, 2024 at 07:28am
Listing Provided by:
Kristen Rabell 352-559-8820,
RABELL REALTY GROUP LLC 352-559-8820,
Rebecca Johnson 352-213-6410,
RABELL REALTY GROUP LLC
Bought with:
Kristine Anderson Santos, 3582735
PEPINE REALTY
Source: Stellar MLS,MLS#: GC517417
Originating MLS: Gainesville-Alachua

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Electric, Natural Gas
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Dryer, Gas Water Heater, Microwave, Refrigerator, Washer
Features
- Ceiling Fan(s), Chair Rail, L Dining, Primary Bedroom Main Floor, Thermostat
- Flooring: Cork, Porcelain Tile, Hardwood
- Has fireplace: Yes
Interior area
- Total structure area: 2,854
- Total interior livable area: 2,077 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch, Patio
- Exterior features: Garden
- Has view: Yes
- View description: Garden, Trees/Woods
Lot
- Size: 0.64 Acres
- Features: Corner Lot, Cul-De-Sac, Level
- Residential vegetation: Mature Landscaping, Trees/Landscaped, Wooded
Details
- Parcel number: 06525008000 & 0625009000
- Zoning: RSF1
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Cement Siding, Concrete
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1966
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Available, Phone Available, Public, Water Connected
Community & neighborhood
Security
- Security features: Security System
Location
- Region: Gainesville
- Subdivision: FLETCHER HEIGHTS UNIT III
HOA & financial
HOA
- Has HOA: No
Other fees
- Pet fee: $0 monthly
Other financial information
- Total actual rent: 0
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/25/2024 | Sold | $410,000-8.9%$197/sqft |
Source: | ||
| 3/19/2024 | Pending sale | $450,000$217/sqft |
Source: | ||
| 1/10/2024 | Price change | $450,000+7.1%$217/sqft |
Source: | ||
| 11/16/2023 | Listed for sale | $420,000+204.3%$202/sqft |
Source: | ||
| 5/31/2001 | Sold | $138,000+55.2%$66/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,991 +225.6% | $306,107 +140.8% |
| 2023 | $2,147 +6.1% | $127,122 +3% |
| 2022 | $2,024 +1.6% | $123,419 +3% |
Find assessor info on the county website
Neighborhood: Sugar Foot
Nearby schools
GreatSchools rating
- 7/10Littlewood Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 3/10Westwood Middle SchoolGrades: 6-8Distance: 1.5 mi
- 6/10Gainesville High SchoolGrades: 9-12Distance: 3.1 mi
Schools provided by the listing agent
- Elementary: Littlewood Elementary School-AL
- Middle: Westwood Middle School-AL
- High: Gainesville High School-AL
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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$407,400
2% more+ $8,148
With Zillow Showcase(estimated)
$415,548
