342 NE Anderson Terrace Lake City, FL 32055
Estimated payment $1,226/month
Total Views
16,671
3
Beds
1
Bath
1,449
Sq Ft
$131
Price per Sq Ft
Highlights
- Hot Property
- Screened Porch
- Storage
- No HOA
- Living Room
- Tile Flooring
About This Home
Charming Single-Story Bungalow in Downtown Lake City – A Great Investment Opportunity Nestled on a peaceful, single access paved road in the heart of Downtown Lake City, this beautifully renovated single-story bungalow offers 1,449 sq. ft. of heated living space (1,584 sq. ft. total). Originally built in the 1950s, this home has been thoughtfully updated with new flooring, windows, and modern finishes throughout, while still retaining its charming character. The spacious open floor plan maximizes living space and offers plenty of storage options, making it both practical and comfortable. Whether you're seeking a home for yourself or an investment opportunity, this property is a standout. Currently a successful Airbnb and Vrbo property, it generates consistent rental income, making it an excellent option for investors looking to expand their portfolios. Additionally, the home features an unfinished apartment at the rear—perfect for renovation to further increase short-term rental potential. This property offers the best of both worlds: close proximity to downtown amenities, while providing a quiet retreat from the hustle and bustle. Whether you're looking for a turn-key investment or a cozy full-time residence, this bungalow is ready to meet your needs. Don’t miss out on this rare opportunity! Contact Agent today to schedule your showing.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,694
Year Built
- Built in 1950
Lot Details
- 8,973 Sq Ft Lot
- Privacy Fence
- Property is zoned RSF-3
Home Design
- Pillar, Post or Pier Foundation
- Frame Construction
- Metal Roof
Interior Spaces
- 1,449 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Vinyl Clad Windows
- Blinds
- Living Room
- Screened Porch
- Storage
Kitchen
- Stove
- Cooktop
- Laminate Countertops
Flooring
- Carpet
- Tile
- Vinyl
Parking
- 3 Parking Spaces
- Driveway
Utilities
- Central Heating and Cooling System
- High Speed Internet
- Internet Available
- Cable TV Available
Community Details
- No Home Owners Association
Map
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Home Values in the Area
Average Home Value in this Area
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 | $2,694 | $140,879 | $6,750 | $134,129 |
| 2023 | $2,694 | $131,360 | $6,750 | $124,610 |
| 2022 | $2,413 | $116,202 | $6,750 | $109,452 |
| 2021 | $1,209 | $50,443 | $6,750 | $43,693 |
| 2020 | $1,154 | $46,705 | $6,750 | $39,955 |
| 2019 | $1,283 | $50,281 | $6,750 | $43,531 |
| 2018 | $921 | $43,527 | $6,750 | $36,777 |
| 2017 | $756 | $24,177 | $6,750 | $17,427 |
| 2016 | $857 | $29,760 | $6,750 | $23,010 |
| 2015 | $859 | $30,602 | $0 | $0 |
| 2014 | $839 | $30,120 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/23/2025 10/23/25 | Price Changed | $189,500 | -2.8% | $131 / Sq Ft | |
| 10/01/2025 10/01/25 | For Sale | $194,900 | +110.7% | $135 / Sq Ft | |
| 02/28/2025 02/28/25 | Sold | $92,500 | +2.8% | $64 / Sq Ft | View Prior Sale |
| 12/24/2024 12/24/24 | Pending | -- | -- | -- | |
| 12/17/2024 12/17/24 | Price Changed | $90,000 | -10.0% | $62 / Sq Ft | |
| 11/19/2024 11/19/24 | Price Changed | $100,000 | -9.1% | $69 / Sq Ft | |
| 10/17/2024 10/17/24 | For Sale | $110,000 | -8.3% | $76 / Sq Ft | |
| 09/22/2021 09/22/21 | Sold | $119,900 | 0.0% | $83 / Sq Ft | View Prior Sale |
| 08/23/2021 08/23/21 | Pending | -- | -- | -- | |
| 08/18/2021 08/18/21 | For Sale | $119,900 | +149.8% | $83 / Sq Ft | |
| 08/30/2018 08/30/18 | Sold | $48,000 | 0.0% | $33 / Sq Ft | View Prior Sale |
| 08/12/2018 08/12/18 | For Sale | $48,000 | +92.0% | $33 / Sq Ft | |
| 02/08/2016 02/08/16 | Sold | $25,000 | 0.0% | $17 / Sq Ft | View Prior Sale |
| 01/09/2016 01/09/16 | Pending | -- | -- | -- | |
| 12/31/2015 12/31/15 | For Sale | $25,000 | -- | $17 / Sq Ft |
Source: North Florida MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $92,500 | None Listed On Document | |
| Special Warranty Deed | $92,500 | None Listed On Document | |
| Special Warranty Deed | -- | None Listed On Document | |
| Certificate Of Transfer | $100 | -- | |
| Warranty Deed | $119,900 | Lake City Title | |
| Trustee Deed | $45,300 | Attorney | |
| Warranty Deed | $48,000 | Heritage Title Services Of N | |
| Warranty Deed | $25,000 | Attorney | |
| Interfamily Deed Transfer | -- | Attorney | |
| Special Warranty Deed | $18,000 | Attorney | |
| Trustee Deed | -- | None Available | |
| Special Warranty Deed | $46,900 | Us Title | |
| Deed | -- | None Available | |
| Trustee Deed | $11,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $74,000 | New Conventional | |
| Closed | $74,000 | New Conventional | |
| Previous Owner | $97,262 | VA | |
| Previous Owner | $47,130 | FHA | |
| Previous Owner | $55,000 | Balloon |
Source: Public Records
About the Listing Agent
Alicia Redish, with JW Hill and Associates, Inc., has been dedicated to real estate since 2018. She resides in Live Oak/Suwannee County, where she actively contributes to her community by serving on the City Planning and Zoning Board, focusing on the balance between new developments and historical preservation.
Alicia believes in the importance of service to others. As a trusted realtor, she understands the complexities and personal nature of buying or selling a home, recognizing the
Alicia's Other Listings
Source: North Florida MLS
MLS Number: 128703
APN: 00-00-00-12919-001
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.
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