Last Sold Price
4 beds1,878 sqft$173/sqft
515 SW 40 Ter, Gainesville, FL 32607

Description

Beautiful 4 bedroom, 2 bathroom in the heart of Gainesville that sits on a large .40 acre lot in a cul-de-sac. The location is seriously one of a kind as it backs up to greenspace and just minutes from The University of Florida, Shands UF & North Florida Regional Medical Center. The nearby running/walking trails, park with playground and community garden make it the perfect setting all while being just minutes to restaurants and theatre. As you enter the home, you'll find a beautiful living room...Beautiful 4 bedroom, 2 bathroom in the heart of Gainesville that sits on a large .40 acre lot in a cul-de-sac. The location is seriously one of a kind as it backs up to greenspace and just minutes from The University of Florida, Shands UF & North Florida Regional Medical Center. The nearby running/walking trails, park with playground and community garden make it the perfect setting all while being just minutes to restaurants and theatre. As you enter the home, you'll find a beautiful living room featuring hard wood floors with wood burning fire place with a handsome brick hearth and surround. Entertain in the separate dining room and enjoy the kitchen with breakfast nook and a large laundry room. The home has a newer roof installed in 2017, new ceiling fans, gorgeous new closet doors, no carpet in the home and maintained really well. Enjoy the private, fully fenced back yard and a large covered patio. Large garage 2 car garage with extra storage above the parking area (removable shelving will be removed prior to closing).
LISTING CLOSED: 01/14/2022 12:00 AM

  1. Listed by Angie Hendricks • Brokerage DRE #1034706 • RE/MAX PROFESSIONALS
    P: (386) 623-1873 angie@northflproperties.com

Property Details for 515 Southwest 40 Terrace

Status
MLS #
GC500862
Days on Market
28
Taxes
$3,952 / year
HOA Fees
$10 / year
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
1966
Lot Size
0.40 AC / 17,424 SF
Subdivision Name
FLETCHER HEIGHTS UNIT III
Township
10
Garage Spaces
2
Waterfront
No

Recent comparable sales

Median sold price

$340,000

Avg days on market

51

Sale-to-list ratio

92.7%

Gainesville, FL

9 comparable properties found

a view of a house with a patio
1/2
1

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Sold 04/29/25

4
Bedrooms
1,734
Square Feet
0.3
Acres
a front view of a house with garden
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Sold 02/13/26

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Bedrooms
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Square Feet
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Acres
$330,000 | 805 Northwest 39th Drive, Gainesville, FL 32605
1/36
3

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Sold 08/18/26

4
Bedrooms
1,872
Square Feet
0.3
Acres
a view of outdoor space and yard
1/2
4

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Sold 11/12/25

4
Bedrooms
2,111
Square Feet
0.34
Acres
a front view of house with yard and trees
1/2
5

$365,000

Sold 04/11/25

4
Bedrooms
1,760
Square Feet
0.25
Acres
$370,000 | 4310 Northwest 13th Avenue, Gainesville, FL 32605
1/2
6

$370,000

Sold 12/19/24

4
Bedrooms
1,932
Square Feet
0.4
Acres
a view of a house with a yard
1/2
7

$285,000

Sold 05/01/26

4
Bedrooms
1,860
Square Feet
0.29
Acres
a front view of a house with a yard
1/2
8

$255,000

Sold 04/30/25

4
Bedrooms
1,998
Square Feet
0.23
Acres
$400,000 | 3848 Southwest 1st Avenue, Gainesville, FL 32607
1/2
9

$400,000

Sold 07/15/25

4
Bedrooms
1,932
Square Feet
0.31
Acres

Location

Listing Courtesy of RE/MAX PROFESSIONALS

Sold By COLDWELL BANKER MM PARRISH

Add your commute

Building Information for 515 Southwest 40 Terrace

Stories-Year Built1966Building Size-Lot Size0.40 AC / 17,424 SF

Payment Calculator

$1,982 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,652

Property Taxes

$329

HOA Dues

$1

The Payment Calculator is for illustrative purposes only.

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Property Information for 515 Southwest 40 Terrace

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Direction Faces: West
  • Directions: From West University, turn south into Sugarfoot across from the movie theater on Newberry Rd on SW 38th St. Turn right onto SW 3rd Ave. Turn left onto SW 40th Terrace to end of cul-de-sac. House on left.
  • Mls Major Change Type: Sold
  • Major Change Type: Closed
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 515
  • Street Direction Prefix: SW
  • Street Name: 40th
  • Street Suffix: TERRACE
  • State: FL
  • City: GAINESVILLE
Parking
  • Attached Garage: Yes
  • Carport: No
  • Garage: Yes
Taxes and HOA Information
  • Association Fee Requirement: Optional
  • Association: Yes
  • CDD: No
  • Tax Book Number: F-90
  • Tax Legal Description: FLETCHER HEIGHTS NO 3 PB F-90 LOT 5 OR 4527/0750
  • Tax Lot: 5
  • Tax Year: 2020
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Cul-De-Sac
  • Parcel Number: 06525005000
  • Total Acreage: 1/4 to less than 1/2
  • Water Access: No
  • Water Extras: No
  • Zoning: RSF1
  • Living Area: 1878
Property and Assessments
  • Year Built Numeric: 1966
  • Flood Zone Code: X500
  • Flood Zone Date: 06-16-2006
  • Flood Zone Panel: 12001C0294D
  • Homestead: Yes
  • New Construction: No
  • Property Condition: Completed
  • Public Survey Range: 19
  • Public Survey Section: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block
  • Exterior Features: Other, Sidewalk, Sliding Doors
  • Foundation Details: Crawlspace
  • Levels: One
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 4
  • Bathrooms Full: 2
  • Appliances: Dishwasher
  • Cooling: Central Air
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Laminate, Hardwood
  • Heating: Central
  • Interior Features: Ceiling Fan(s)
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Room Count: 3.0
  • Water View: No
  • Bathrooms Half: 0
Rental
Rental Information
  • Pets Allowed: Yes

Property History for 515 Southwest 40 Terrace

DateEvent & SourcePriceAppreciation
Jan 14, 2022

Sold (Public Record)

Public Record #1482467323

$325,000

+8.9% / yr

Jan 14, 2022

Sold

MFRMLS #GC500862

$325,000
Dec 11, 2021

Pending

MFRMLS #GC500862

DateEvent & SourcePrice
01/14/2022

Sold (Public Record)

Public Record #1482467323

$325,000

+8.9% / yr

01/14/2022

Sold

MFRMLS #GC500862

$325,000
12/11/2021

Pending

MFRMLS #GC500862

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 515 Southwest 40 Terrace

Taxable ValueLand$123,900Additions$196,552Total$320,452
Tax Record2025$7,383 ($615 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,878 SqFtAbove Grade Finished SqFt1,878 SqFtStories1Lot Size17,424 SqFtStyleSingle Family ResidenceYear Built1966Year Renovated1995ZoningRSF1CountyALACHUAAPN06525-005-000

Schools near 515 Southwest 40 Terrace

This home is within Alachua.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 8 to 12
Charter - 8 to 12
Rating
School
Distance
Littlewood Elementary School
PublicPK to 5

Westwood Middle School
Public6 to 8

Gainesville High School
Public8 to 12

Siatech Gainesville
Charter8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX PROFESSIONALS

Based on information from one of the following Multiple Listing Services: Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Pensacola Association of REALTORS®, Amelia Island Nassau County Association of REALTORS and NEFMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.