NOT LISTED FOR SALE

2246 NW 40th Terrace Unit B Gainesville, FL 32605

Estimated Value: $549,875

-- Bed
12 Baths
2,250 Sq Ft
$244/Sq Ft Est. Value

About This Home

This home is located at 2246 NW 40th Terrace Unit B, Gainesville, FL 32605 and is currently estimated at $549,875, approximately $244 per square foot. 2246 NW 40th Terrace Unit B is a home located in Alachua County with nearby schools including Littlewood Elementary School, Westwood Middle School, and F.W. Buchholz High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2023
Sold by
Demisar Ii Llc
Bought by
Phynomics Llc
Current Estimated Value
$549,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Outstanding Balance
$265,231
Interest Rate
5.76%
Mortgage Type
Credit Line Revolving
Estimated Equity
$285,900

Purchase Details

Closed on
Dec 19, 2018
Sold by
Sarkis Investments Llc
Bought by
Demisar Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 14, 2011
Sold by
Merchants & Southern Bank
Bought by
Sarkis Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,025,000
Interest Rate
4.38%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 23, 2010
Sold by
Crown Pointe V Llc
Bought by
Merchants & Southern Bank

Purchase Details

Closed on
Mar 12, 1999
Sold by
Tindell John E and Tindell Leslie S
Bought by
Brown Lewis and Brown Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,000
Interest Rate
6.73%

Purchase Details

Closed on
Nov 9, 1994
Bought by
Sarkis Investments Llc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
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 Buyer Sale Price Title Company
Phynomics Llc $500,000 --
Demisar Ii Llc $1,000,000 Bosshardt Title Ins Agency L
Sarkis Investments Llc $1,185,000 Attorney
Merchants & Southern Bank $2,820,600 Attorney
Brown Lewis $350,100 --
Sarkis Investments Llc $92,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phynomics Llc $295,000
Previous Owner Demisar Ii Llc $750,000
Previous Owner Sarkis Investments Llc $1,025,000
Previous Owner Brown Lewis $323,000
Source: Public Records

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 $9,933 $444,000 $171,360 $272,640
2023 $9,933 $491,400 $195,177 $296,223
2022 $8,175 $364,256 $132,258 $231,998
2021 $8,369 $364,256 $132,258 $231,998
2020 $8,351 $364,256 $132,258 $231,998
2019 $8,930 $379,300 $129,500 $249,800
2018 $8,524 $379,300 $129,500 $249,800
2017 $8,602 $372,700 $129,500 $243,200
2016 $8,339 $352,500 $0 $0
2015 $8,511 $352,500 $0 $0
2014 $9,211 $379,300 $0 $0
2013 -- $380,000 $129,500 $250,500
Source: Public Records

Map

Florida Alachua County Gainesville 32605

2246 NW 40th Terrace Unit B, Gainesville, FL

This home is located at 2246 NW 40th Terrace Unit B, Gainesville, FL 32605 and is currently estimated at $549,875, approximately $244 per square foot. 2246 NW 40th Terrace Unit B is a home located in Alachua County with nearby schools including Littlewood Elementary School, Westwood Middle School, and F.W. Buchholz High School.

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.

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