NOT LISTED FOR SALE

3087 Cr 431 Rd Lake Panasoffkee, FL 33538

Estimated Value: $77,000 - $111,738

2 Beds
1 Bath
672 Sq Ft
$147/Sq Ft Est. Value

Last Sold May 20, 2024

Last sale price $58,000 $86 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $568/month

6 Days on Market

Highlights

  • Florida Architecture
  • No HOA
  • Rectangular Lot
  • Lake Panasoffkee Elementary School Rated 9+
  • Cooling Available
  • No Heating

About This Home

As of May 2024

Bank owned foreclosure property ... needs work but has potential. 2 bedrooms and 1 bathroom on .34 acre. Near beautiful Lake Panasoffkee and public boat ramps.

Last Agent to Sell the Property

Suzanne Hartman

ERA American Suncoast Realty License #3197755 Listed on: 04/26/2024

Last Buyer's Agent

Suzanne Hartman

ERA American Suncoast Realty License #3197755 Listed on: 04/26/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $487

Year Built

  • Built in 1957

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 161x100
  • Rectangular Lot
  • Property is zoned RURMH

Home Design

  • Florida Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 672 Sq Ft Home
  • No Floor Coverings

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Unpaved Driveway
  • Unpaved Parking

Utilities

  • Cooling Available
  • No Heating

Community Details

  • No Home Owners Association
  • Magnolia Shores Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$487

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Architectural Style: Florida
  • Carport Y N: No
  • Directions: Gulf to Lake (Hwy 44) E to Sumter County to right on CR 470 to left on CR 431 to home on right.
  • Garage Yn: No
  • Lot Size Acres: 0.34
  • Lot Size: 161x100
  • New Construction: No
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Subdivision Name: Magnolia Shores
  • Year Built: 1957
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: RealEstateOwned

Interior Features

  • Appliances: None
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Unfinished
  • Living Area: 672.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Brick
  • Exterior Features: Unpaved Driveway
  • Lot Features: Rectangular
  • Pool Features: None
  • Roof: Asphalt, Shingle
  • Waterfront: No

Garage/Parking

  • Parking Features: Driveway, Unpaved

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • Heating Yn: No
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: RURMH
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 487.27
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2024
Closed on
May 17, 2024
Sold by
Amsouth Bank and Regions Bank
Bought by
Michael J Atherton And Denise E Atherton Fami and Atherton
Seller's Agent
Suzanne Hartman
ERA American Suncoast Realty
Buyer's Agent
Suzanne Hartman
ERA American Suncoast Realty
List Price
$44,900
Sold Price
$58,000
Premium/Discount to List
$13,100
29.18%
Views
38
Current Estimated Value
$98,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,913
Avg. Annual Appreciation
49.84%

Purchase Details

Closed on
Jan 25, 2024
Sold by
Young Gary E and Young Janette
Bought by
Regions Bank

Purchase Details

Closed on
Apr 1, 2016
Bought by
Young Gary and Young Jeanette

Purchase Details

Closed on
Apr 30, 1999
Sold by
Mcmillan Lesa L and Cramer Betty J
Bought by
Young Gary E and Young Jeanette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,000
Interest Rate
7%

Purchase Details

Closed on
Jul 18, 1996
Sold by
Cramer Leroy and Cramer Betty J
Bought by
Cramer Leroy and Cramer Betty J
Source: Public Records

Range of Values:

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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
Michael J Atherton And Denise E Atherton Fami $58,000 None Listed On Document
Regions Bank -- --
Young Gary -- --
Young Gary E $29,000 --
Cramer Leroy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Young Gary E $61,400
Previous Owner Young Gary E $29,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2024 05/20/24 Sold $58,000 +29.2% $86 / Sq Ft
05/02/2024 05/02/24 Pending -- -- --
04/26/2024 04/26/24 For Sale $44,900 -- $67 / Sq Ft
Source: REALTORS® Association of Citrus County

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 $492 $37,590 $13,500 $24,090
2023 $492 $35,370 $13,500 $21,870
2022 $611 $46,810 $14,040 $32,770
2021 $261 $36,840 $0 $0
2020 $261 $36,340 $0 $0
2019 $255 $35,530 $0 $0
2018 $234 $34,870 $0 $0
2017 $230 $34,160 $0 $0
2016 $223 $33,460 $0 $0
2015 $222 $33,230 $0 $0
2014 $225 $33,230 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Suzanne Hartman

    ERA American Suncoast Realty

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Map

Source: REALTORS® Association of Citrus County

MLS Number: 833314

REALTORS® Association of Citrus County

APN: F29B125

Florida Sumter County Lake Panasoffkee 33538

3087 Cr 431 Rd, Lake Panasoffkee, FL

This home is located at 3087 Cr 431 Rd, Lake Panasoffkee, FL 33538 since 26 April 2024 and is currently estimated at $98,913, approximately $147 per square foot. This property was built in 1957. 3087 Cr 431 Rd is a home located in Sumter County with nearby schools including Lake Panasoffkee Elementary School, South Sumter High School, and South Sumter Middle 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.

REALTORS® Association of Citrus County IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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