2240 NW 55TH TERRACE, GAINESVILLE, FL, 32605
Active45 days on marketListed Jun 25, 2026MLS #OM727395
About this home
2240 NW 55TH TERRACE
HOME IS CURRENTLY BEING FINISHED UP, FRESH EXTERIOR PAINT COMING SOON!- WILL BE READY FOR MOVE IN ANY DAY. Fully remodeled! This beautifully updated 2-bedroom, 1-bath home sits on a desirable corner lot and features a brand-new shingle roof, neW windows, and a covered carport for added convenience. The interior has been completely renovated with modern finishes throughout, offering a bright, open feel and a fresh, contemporary design. Enjoy a new kitchen, updated bathroom, fresh flooring, and stylish fixtures that make this home feel like new. The spacious corner lot provides extra yard space and curb appeal, with plenty of room for outdoor living, gardening, or future additions. Perfect for first-time homebuyers, downsizers, or investors looking for a turnkey property. Don't miss this exceptional opportunity!
Facts & features
The home at a glance
2
Bedrooms
1
Bathrooms
936
Sqft
0.2 ac
Lot size
1962
Year built
One
Levels
$240
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.
$1,746 /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
$1,746/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
+39.7%
$/sqft vs Gainesville actives
$240 vs $200
Days on market
45 vs 44 typical
Where $240/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 → $323K
Gainesville median sold, yr/yr
96.7%
Sale-to-list ratio (12 mo)
185 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 12% below the GAINESVILLE 32605 median. See the full Gainesville market guide →
Paper trail
This home's history
Reality check
What actually sold near 2240 NW 55TH TERRACE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Feb ’26$134,000
507 NW 39TH ROAD UNIT 208
2 bd · 2 ba · 900 sqft · $149/sqft · 107 DOM
Sold · Apr ’26$135,000
507 NW 39TH ROAD UNIT 215
2 bd · 2 ba · 900 sqft · $150/sqft · 21 DOM
Sold · Aug ’25$140,000
507 NW 39TH ROAD UNIT 202
2 bd · 2 ba · 900 sqft · $156/sqft · 118 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
Kemarie Johnson
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 2240 NW 55TH TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 2240 NW 55TH TERRACE — before you fall in love.
See it in person
Schedule a tour
Live availability from Kemarie's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
2240 NW 55TH TERRACE FAQs
What would the monthly payment be for 2240 NW 55TH TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,746/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 2240 NW 55TH TERRACE?+
The most recent tax bill on record (2025) was $1,947. 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 $224,900, this home is listed about 25% below the Gainesville median of $299,000. The market section on this page shows how the area is trending.
Which schools are assigned to 2240 NW 55TH TERRACE?+
Gainesville High School (high), Carolyn Beatrice Parker Elementary (elementary), Westwood Middle School (middle) — Alachua County School District. Always verify school assignments with the district before relying on them.
Keep looking
Similar homes nearby
Listing courtesy of TRANS GLOBAL REALTY, INC · Eric Nathanson. MLS #OM727395.
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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