Xome Value®
The estimated value of your home calculated using our proprietary formulas and various currently available property data.
1
The estimated value of your home calculated using our proprietary formulas and various currently available property data.
$292,023
-11.3%
Since Sep 2024
Range: $263,224-$324,143
Evaluated August 6, 2025
1 Year
5 Years
The Xome Value® is an investor-grade valuation that helps you better estimate the true value of a property.
Xome Value® is not a guarantee of a property's value (see
Disclaimers for further details).
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Property Facts
506 NW 3rd Ave, Gainesville, FL is a single family home that contains 1,010 Sq. Ft. and was built in 1940. It contains 3 bedrooms and 1 bathroom. This home last sold for $58,000 on 5/1/1997.
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County:ALACHUA
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Year Built:1940
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Living Area:1,010 Sq. Ft.
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Lot Size:13,068 Sq. Ft.
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Zone:RC
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Parcel:14518-001-000
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Bedrooms:3
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Bathrooms:1
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Owner:WASHINGTON MAMIE M
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Property History
Price History
Date
Event
Price
Source
5/1/1997
Sold
$58,000
Public Records
Sales in a non-disclosure state
Tax History
Year
Taxes
Total Assessment
2024
$4,108 (0%)
$224,211 (-1.12%)
2023
$4,108 (+4.26%)
$226,744 (+4.71%)
2022
$3,940 (+8.09%)
$216,542 (+215.84%)
2021
$3,645 (+306.81%)
$68,560 (+1.4%)
2020
$896 (+0.79%)
$67,613 (+2.3%)
2019
$889 (-0.67%)
$66,092 (+1.9%)
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Comparable Homes
Sales in a non-disclosure state
Address
Sold Price
Details
506 NW 3rd Ave
Gainesville, FL 32601
This Property
-
3 Bed
1 Bath
1,010 Sq. Ft.
1940 Year Built
1
302 NW 4th Avenue
Gainesville, FL 32601
$350,000
3 Bed
2 Bath
1,024 Sq. Ft.
1930 Year Built
2
408 W University Avenue Unit 9D
Gainesville, FL 32601
$230,000
2 Bed
2 Bath
1,000 Sq. Ft.
1936 Year Built
3
508 NW 2nd Avenue
Gainesville, FL 32601
$265,000
3 Bed
1 Bath
900 Sq. Ft.
1946 Year Built
4
1460 NW 3rd Place Unit 209
Gainesville, FL 32603
$300,000
2 Bed
2 Bath
837 Sq. Ft.
2006 Year Built
5
710 NW 2nd Avenue
Gainesville, FL 32601
$450,000
3 Bed
1 Bath
1,322 Sq. Ft.
1932 Year Built
6
608 SW 2nd Street
Gainesville, FL 32601
$124,000
3 Bed
2 Bath
1,176 Sq. Ft.
1988 Year Built
7
637 NW 4th Street
Gainesville, FL 32601
$300,000
3 Bed
2 Bath
1,260 Sq. Ft.
1998 Year Built
8
1185 SW 9th Road Unit 314
Gainesville, FL 32601
$341,000
2 Bed
2 Bath
1,080 Sq. Ft.
2008 Year Built
9
229 NW 4th Place
Gainesville, FL 32601
$198,000
2 Bed
1 Bath
654 Sq. Ft.
1930 Year Built
10
20 SW 6th Street Unit 309
Gainesville, FL 32601
$206,000
2 Bed
1 Bath
836 Sq. Ft.
2006 Year Built
Sales in a non-disclosure state
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Market Trends
Gainesville
32601
Median Sold Price
The median sold price is the middle price of all the properties that have actually been sold within a specific period.
Using the median sold price can provide valuable insights into actual market transactions and buyer behavior.
Aug 2024
$297,200
Jul 2025
$314,000
Change
+5.7%
1 Year
2 Years
5 Years
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Median Sales Price Per Square Foot
Median Sales Price Per Square Foot provides a quick, high-level way to evaluate appreciation or depreciation of property
values over time in the selected area. Using the price per square foot can help you estimate a property's market value.
1 Year
2 Years
5 Years
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Average Days on Market
Average Days on Market represent the average number of days a property takes to sell. Using Average Days on Market
can help provide insights into the speed at which properties are selling in a particular area or market.
Aug 2024
89 Days
Jul 2025
98 Days
Change
+10.1%
1 Year
2 Years
5 Years
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Supply and Demand
The following chart shows the relationship between properties for sale (supply) and properties sold (demand) in the
specified market, where available.
For Sale
Sold
1 Year
2 Years
5 Years
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Months of Supply
This chart shows how many months it would take to sell the available inventory in the specified market. A higher Months of
Supply generally indicates a buyer's market while a lower Months of Supply generally indicates a seller's market.
1 Year
2 Years
5 Years
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Area Statistics
People
ZIP (32601)
City (Gainesville)
Population
18,182
138,741
Population Density
4,000.4
2,203.4
People Per Household
2.3
2.3
Median Age
23.6
26.8
Median Household Income
$29,422
$40,937
Average Income
$20,233
$25,986
Economy
ZIP (32601)
City (Gainesville)
Unemployment
2.40%
2.70%
Recent Job Growth
4.41%
4.41%
Future Job Growth
52.32%
51.87%
Sales Tax
7.50%
7.50%
Income Tax
0.00%
0.00%
Cost of Living Index
90.6
95.6
Environment
ZIP (32601)
City (Gainesville)
Altitude
116
177
Rainfall (Inches Annually)
50.1
50.2
Snowfall (Inches Annually)
0
0
January Avg. Low Temp
41.2
41.3
July Avg. High Temp
91.5
91.5
Days of Precipitation Annually
113
113
Days Mostly Sunny Annually
222
224
Comfort Index (During Hot Weather)
7
7
Source: Sperling's Best Places
Nearby Schools
Rating
School Name
Grades
Distance
K-5
1.1 mi
9-12
1.3 mi
6-8
2.6 mi
K-10
0.3 mi
K-8
2.7 mi
Data provided by GreatSchools.org © 2025.
All rights reserved.
