NOT LISTED FOR SALE

1031 NW 40 Ave Gainesville, FL 32609

Estimated Value: $205,000 - $332,418

1 Bed
1 Bath
1,764 Sq Ft
$152/Sq Ft Est. Value

Last Sold December 23, 2024

Last sale price $210,000 $119 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,719/month

4 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Ceiling Fan
  • Gainesville High School Rated A
  • Central Air
  • Vinyl Flooring

About This Home

As of December 2024

Income Property for Sale: Duplex in NW Gainesville Great Investment Opportunity! Don’t miss this incredible opportunity to own a 2 bed, 1 bath duplex located in NW Gainesville. This income producing property is perfect for investors looking to expand their portfolio or homeowners seeking additional rental income. Features: Unit A: 2 bedrooms, 1 bath, full kitchen, open-concept layout, modern finishes, and private entrance. Unit B: 2 bedrooms, 1 bath, full kitchen, spacious living room, and private entrance. Separate meters for utilities. Each unit comes with a utility room, back porch, plenty of yard space, and individual driveways. Both units are currently rented. Great location with easy access to shopping, restaurants, schools, and hospitals.

Last Agent to Sell the Property

Jonathan Minerick

HOMECOIN.COM Brokerage Phone: 888-400-2513 License #3477996 Listed on: 10/21/2024

Last Buyer's Agent

Stellar Non-Member Agent

STELLAR NON-MEMBER OFFICE

STELLAR NON-MEMBER OFFICE

Property Details

Home Type

  • Co-Op

Est. Annual Taxes

  • $2,469

Year Built

  • Built in 1971

Lot Details

  • 10,019 Sq Ft Lot

Parking

  • 1 Carport Space

Home Design

  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,764 Sq Ft Home
  • Ceiling Fan
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Built-In Oven
  • Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Schools

  • Stephen Foster Elementary School
  • Westwood Middle School
  • Gainesville High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Oak Hill Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Co-Op

Est. Annual Taxes

$2,469

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Duplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1764
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 1971
  • Building Area Total: 2198
  • Lease Term: Twelve Months
  • Lot Size Sq Ft: 10019
  • Status: Sold
  • Street Direction: NW
  • Ownership: Co-op
  • Building Area Total Srch Sq M: 204.20
  • Escrow State: FL
  • RATIO Current Price By Calculate: 119.05
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • Attribution Contact: 888-400-2513
  • Tax Year: 2024
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Vinyl
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Built-In Oven, Range, Refrigerator
  • Foundation Details: Other
  • Total Bedrooms: 1
  • Living Area Meters: 163.88

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Other
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No

Utilities

  • Utilities: Other
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Fee Requirement: None
  • Development: Oak Hill

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Stephen Foster Elementary School-AL
  • High School: Gainesville High School-AL
  • Middle Or Junior School: Westwood Middle School-AL

Lot Info

  • Zoning: RES INCOME
  • Parcel Number: 08082-000-000
  • Additional Parcels: No
  • Flood Zone Code: X

Rental Info

  • Pets Allowed: Yes
  • Total Actual Rent: 2500

Multi Family

  • Number Of Units Total: 2
  • Total Num Buildings: 1
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 2469
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2024
Closed on
Dec 23, 2024
Sold by
Integrity Homes And Lending Llc
Bought by
Grogan Real Estate Group Ii Llc
Seller's Agent
Jonathan Minerick
HOMECOIN.COM
Buyer's Agent
Stellar Non-Member Agent
STELLAR NON-MEMBER OFFICE
List Price
$249,900
Sold Price
$210,000
Premium/Discount to List
-$39,900
-15.97%
Views
9
Current Estimated Value
$267,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,605
Avg. Annual Appreciation
27.43%
Original Mortgage
$336,000
Outstanding Balance
$329,205
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$61,600

Purchase Details

Closed on
Jan 31, 2024
Sold by
Penney Daniel Lee
Bought by
Integrity Homes And Lending Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2017
Sold by
Hallowell Jacqueline S
Bought by
Penney Daniel

Purchase Details

Closed on
Feb 22, 2014
Sold by
Parriett Charlene and Parriett Robert
Bought by
Hallowell Jacqueline S

Purchase Details

Closed on
Jul 23, 2012
Bought by
Penney Daniel

Purchase Details

Closed on
Apr 18, 2005
Sold by
Chu Jeffrey K and Chu Lourdes M
Bought by
Parriett Rick L

Purchase Details

Closed on
Dec 1, 1994
Bought by
Penney Daniel

Purchase Details

Closed on
Nov 21, 1994
Bought by
Penney Daniel
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Grogan Real Estate Group Ii Llc $210,000 None Listed On Document
Integrity Homes And Lending Llc $153,500 None Listed On Document
Penney Daniel $38,150 Attorney
Hallowell Jacqueline S $6,400 Attorney
Penney Daniel -- --
Parriett Rick L $45,000 --
Penney Daniel $46,000 --
Penney Daniel $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grogan Real Estate Group Ii Llc $336,000
Previous Owner Integrity Homes And Lending Llc $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2024 12/23/24 Sold $210,000 -16.0% $119 / Sq Ft
10/25/2024 10/25/24 Pending -- -- --
10/21/2024 10/21/24 For Sale $249,900 -- $142 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,852 $162,718 $50,000 $112,718
2024 $1,783 $117,192 -- --
2023 $1,783 $101,552 $0 $0
2022 $1,761 $103,590 $0 $0
2021 $1,684 $94,343 $0 $0
2020 $1,586 $87,276 $0 $0
2019 $2,114 $108,387 $19,500 $88,887
2018 $2,783 $117,100 $19,600 $97,500
2017 $1,021 $63,400 $0 $0
2016 $896 $56,700 $0 $0
2015 $951 $58,400 $0 $0
2014 -- $60,200 $0 $0
2013 -- $61,000 $15,600 $45,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: TB8312644

Stellar MLS

APN: 08082-000-000

Florida Alachua County Gainesville 32609

1031 NW 40 Ave, Gainesville, FL

Not Listed for Sale

Coop

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS 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.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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