$220,000
SOLD APR 29, 2025

203 NE 40 Ln Gainesville, FL 32609

4 Beds
2 Baths
1,800 Sq Ft
1.15 Acres

Recently Sold

$122 Per Sq Ft

18% Below List Price

216 Days on Market

Highlights

  • No HOA
  • Living Room
  • Central Heating and Cooling System
  • Eastside High School Rated A-
  • Tile Flooring
  • Ceiling Fan

About This Home

As of April 2025

New Roof Installed October 2024. Now offering $5,000 credits for closing or rate buy downs. Discover this exceptional investment opportunity in the heart of Gainesville! This property has been owned by the same owner as an investment for 30 years and now it's your turn. One side is vacant. A great potential to live in one side and rent the other. Nestled in the peaceful and desirable Pine Forest Estates, this well-maintained duplex offers the perfect blend of comfort, convenience, and potential rental income. Currently rented on both sides of this duplex, with a large lot and fenced in yard. This property is close to schools, shopping, dining, and the University of Florida. it would be ideal for investors or homeowners looking to live in one unit and rent out the other. Don’t miss out on this unique opportunity to own a duplex in the heart of Gainesville. Unit 1: 2 Bedrooms, 1 BathroomsUnit 2: 2 Bedrooms, 1 BathroomsLot Size: 1.15 acresParking: Ample parking for residents and guests (4 spaces)Outdoor Space: Spacious backyard with mature trees, fenced in yard

Last Agent to Sell the Property

Kayla Camps

BOFFO REAL ESTATE GROUP LLC Brokerage Phone: License #3507283 Listed on: 08/15/2024

Co-Listed By

Jimmy Cooke II

BOFFO REAL ESTATE GROUP LLC Brokerage Phone: License #3487736

Last Buyer's Agent

Ryan Swanson

MATCHMAKER REALTY OF ALACHUA COUNTY License #3403001

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,228

Year Built

  • Built in 1983

Lot Details

  • Northeast Facing Home

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Shingle Roof
  • Concrete Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Tile Flooring
  • Laundry in unit

Kitchen

  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Pine Forest Estates Subdivision

Listing and Financial Details

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,228

Year Built

Built in 1983

Lot Details

0

Listing Details

  • HOA Fee Includes: None
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Concrete
  • Fireplace: No
  • Living Area: 1800
  • Lot Size Acres: 1.15
  • New Construction: No
  • Year Built: 1983
  • Building Area Total: 1800
  • Lot Size Sq Ft: 50094
  • Directions to Property: Slight left onto S Main St ? 1.3 mi Turn left onto SW 16th Ave ? 0.2 mi Turn right onto SW 6th St ? 0.5 mi At the traffic circle, continue straight to stay on SW 6th St 0.3 mi At the traffic circle, continue straight to stay on SW 6th St ? 0.1 mi At the traffic circle, continue straight to stay on SW 6th St ? 2.7 mi Turn right onto NW 39th Ave ? 0.5 mi Turn left onto NE 2 Way ? 0.1 mi Turn right onto NE 40 L
  • Status: Sold
  • Street Direction: NE
  • Co List Office Mls Id: MFR261010944
  • Co List Office Phone: 888-883-8509
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 1
  • List Office Head Office Key Nume: 741245755
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 122.22
  • Unit Number YN: 1
  • Water Access YN: 0
  • MFR_InLawSuiteYN: 0
  • MFR_DockYN: 0
  • Attribution Contact: James Cooke
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Dishwasher, Exhaust Fan, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 203
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 167.23
  • Room Count: 4

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Building Name Number: 203
  • Condo Land Included YN: 0
  • Montly Maint Amt Addition To HOA: 0
  • Development: Pine Forest Estates

Fee Information

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

Schools

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

Lot Info

  • Zoning: RMF5
  • Parcel Number: 07965-004-047
  • Additional Parcels: No
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 4654

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Unfurnished
  • Lease Restrictions YN: 0
  • Month To Month Or Weekly YN: 1

Tax Info

  • Tax Annual Amount: 2228.23
  • Tax Book Number: K-70
  • Tax Lot: 47

Multi Family

  • Currency Monthly Rent Amt: 2000.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2024
Closed on
Apr 29, 2025
Sold by
Camps Edward and Camps Carolyn
Bought by
Valdes Carel and Valdes Yoslaine
Seller's Agent
Kayla Camps
BOFFO REAL ESTATE GROUP LLC
Buyer's Agent
Ryan Swanson
MATCHMAKER REALTY OF ALACHUA COUNTY
List Price
$269,900
Sold Price
$220,000
Premium/Discount to List
-$49,900
-18.49%
Views
48
Current Estimated Value
$223,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,193
Avg. Annual Appreciation
3.76%
Original Mortgage
$120,000
Outstanding Balance
$119,577
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$103,616

Purchase Details

Closed on
Nov 25, 1996
Sold by
Henderson Willie A
Bought by
Camps Edward and Camps Carolyn

Purchase Details

Closed on
Oct 1, 1987
Bought by
Camps Edward and Camps Carolyn

Purchase Details

Closed on
Apr 1, 1983
Bought by
Camps Edward and Camps Carolyn

Purchase Details

Closed on
Nov 1, 1982
Bought by
Camps Edward and Camps Carolyn
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $220,000 True Title
Warranty Deed $220,000 True Title
Warranty Deed $45,800 --
Warranty Deed $52,500 --
Warranty Deed $59,500 --
Warranty Deed $10,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $120,000 New Conventional
Closed $120,000 New Conventional
Previous Owner $5,670 Unknown
Previous Owner $74,250 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2025 04/29/25 Sold $220,000 -8.3% $122 / Sq Ft
03/19/2025 03/19/25 Pending -- -- --
02/17/2025 02/17/25 Price Changed $240,000 -5.9% $133 / Sq Ft
02/11/2025 02/11/25 Price Changed $255,000 -2.3% $142 / Sq Ft
01/16/2025 01/16/25 Price Changed $260,900 -0.3% $145 / Sq Ft
01/09/2025 01/09/25 Price Changed $261,700 +0.7% $145 / Sq Ft
12/30/2024 12/30/24 Price Changed $260,000 -1.3% $144 / Sq Ft
11/18/2024 11/18/24 Price Changed $263,500 -0.4% $146 / Sq Ft
10/14/2024 10/14/24 Price Changed $264,500 -1.1% $147 / Sq Ft
09/16/2024 09/16/24 Price Changed $267,500 -0.9% $149 / Sq Ft
08/15/2024 08/15/24 For Sale $269,900 -- $150 / 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
2024 $2,228 $173,855 $35,000 $138,855
2023 $2,228 $106,069 $25,000 $81,069
2022 $2,054 $101,000 $25,000 $76,000
2021 $1,914 $89,108 $25,000 $64,108
2020 $1,647 $65,022 $10,000 $55,022
2019 $1,999 $97,891 $45,000 $52,891
2018 $1,562 $64,900 $7,500 $57,400
2017 $1,462 $57,900 $7,500 $50,400
2016 $1,512 $59,800 $0 $0
2015 $1,565 $60,800 $0 $0
2014 $1,621 $62,600 $0 $0
2013 -- $65,500 $7,500 $58,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: G5085813

Stellar MLS

APN: 07965-004-047