2006 NW 40TH TERRACE, GAINESVILLE, FL, 32605
Active32 days on marketListed Sep 10, 2026MLS #GC543348
About this home
2006 NW 40TH TERRACE
This open-concept home is full of character, with high beamed ceilings running through much of the living space, original terrazzo floors, and built-in cabinetry in the hallway that hints at its mid-century roots. Both bathrooms retain their vintage tile, paired with new toilets. The generous kitchen includes plentiful storage, newer stainless-steel dishwasher, range hood, convection wall oven, and microwave/air fryer combo. A large bonus room that could be partitioned into 2 spaces includes French doors to the porch, closet and shelving, offering flexibility as a home office, family room, play space, exercise, sewing, crafts, or more. Out back, a large, screened porch overlooks a wraparound patio and a spacious backyard, a portion of which is fenced. And an attached workshop off the carport, with power, is great for projects or extra storage. From City permits and sellers: brand new water heater, roof replaced 2025, HVAC 2014, windows in main house updated in 2011, plus electrical and plumbing upgrades.
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,827
Sqft
0.29 ac
Lot size
1959
Year built
One
Levels
$164
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$2,402 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$2,402/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
−6%
$/sqft vs Gainesville actives
$164 vs $198
Days on market
32 vs 75 typical
Where $164/sqft sits among the 400 Gainesville actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Gainesville
Get to know Gainesville. See the full Gainesville guide →
GAINESVILLE 32605 — neighborhood snapshot
Population
25,698
Median age
40.5
Median income
$83,114
Median home value
$264,700
Avg household
2.34
Households w/ children
2,649
For the school run
Alachua County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Gainesville market
$294K → $309K
Gainesville median sold, yr/yr
96.7%
Sale-to-list ratio (12 mo)
244 of 400
Gainesville actives have cut their price
Median sold price, Gainesville, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 20% above the GAINESVILLE 32605 median. See the full Gainesville market guide →
Paper trail
This home's history
Reality check
What actually sold near 2006 NW 40TH TERRACE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Apr ’26$355,000
23 NW 48TH BOULEVARD UNIT K
2 bd · 2 ba · 1,807 sqft · $196/sqft · 19 DOM
Sold · Oct ’25$437,500
416 NW 28TH TERRACE
3 bd · 2.5 ba · 1,800 sqft · $243/sqft · 89 DOM
Sold · Sep ’26$440,000
2910 SW 1ST AVENUE
4 bd · 3 ba · 1,860 sqft · $237/sqft · 140 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Bridget McLennon
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 2006 NW 40TH TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 2006 NW 40TH TERRACE — before you fall in love.
See it in person
Schedule a tour
Live availability from Bridget's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
2006 NW 40TH TERRACE FAQs
What would the monthly payment be for 2006 NW 40TH TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,402/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 2006 NW 40TH TERRACE?+
The most recent tax bill on record (2025) was $4,115. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Gainesville?+
At $300,000, this home is listed about 5% above the Gainesville median of $285,000. The market section on this page shows how the area is trending.
Which schools are assigned to 2006 NW 40TH TERRACE?+
F. W. Buchholz High School (high), Kanapaha Middle School (middle), Myra Terwilliger Elementary School (elementary) — Alachua County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$300,000 runs 20% above the GAINESVILLE 32605 median — but at 1,827 sqft it's also 28% larger than the typical Gainesville listing.
02Strong assigned schools
F. W. Buchholz High School, Kanapaha Middle School, Myra Terwilliger Elementary School — F. W. Buchholz High School rates 4 of 5. Always verify assignments with the district.
03The price has already moved
Listed at $310,000, now $300,000 — a $10K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of WATSON REALTY CORP · Pamela Gretter. MLS #GC543348.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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