NOT LISTED FOR SALE

608 County Road 487 Lake Panasoffkee, FL 33538

Estimated Value: $151,236 - $168,000

2 Beds
1 Bath
768 Sq Ft
$205/Sq Ft Est. Value

Last Sold March 20, 2020

Last sale price $60,000 $78 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $870/month

35 Days on Market

Highlights

  • Access To Lake
  • No HOA
  • Laundry Room
  • Bonus Room
  • Cooling System Mounted To A Wall/Window
  • 3-minute walk to Lake Panasoffkee Dog Park

About This Home

As of March 2020

2/1 concrete block home located in quite neighborhood with deeded access to Lake Panasoffkee. Perfect for first time home buyers, winter residents, or investors. Located less than one mile from Interstate 75 making commuting a breeze. Has detached carport with workshop, fruit trees, and much more. The lot size is almost 1/2 acre so there is plenty of room for outdoor activities. Schedule your showing today.

Last Agent to Sell the Property

J.Y. Sizemore

SUMTER REALTY License #3255633 Listed on: 01/20/2020

Last Buyer's Agent

J.Y. Sizemore

SUMTER REALTY License #3255633 Listed on: 01/20/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $938

Year Built

  • Built in 1964

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 100x100
  • South Facing Home
  • Property is zoned R4C

Parking

  • 1 Carport Space

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Siding

Interior Spaces

  • 768 Sq Ft Home
  • Wood Burning Fireplace
  • Free Standing Fireplace
  • Bonus Room

Kitchen

  • Built-In Oven
  • Cooktop

Flooring

  • Carpet
  • Terrazzo

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Access To Lake
  • Access to Freshwater Canal
  • Outdoor Storage

Schools

  • Lake Panasoffkee Elementary School
  • South Sumter Middle School
  • South Sumter High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Oil
  • Well
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Magnolia Manor Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$938

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Siding
  • Fireplace: Yes
  • Living Area: 768
  • Lot Size Acres: 0.46
  • New Construction: No
  • Year Built: 1964
  • Lot Size Sq Ft: 20038
  • Directions to Property: From the intersection of I-75 and C 470 travel north on C 470, turn right on CR 487, the home is the 2nd on the left, sign in yard.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5025109?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5025109?w=Customer
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.86957
  • Price per Sq Ft: 78.13
  • Close to Original List Price Ratio: 0.86957
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Free Standing, Other Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Terrazzo
  • Full Bathrooms: 1
  • Interior Amenities: Other
  • Appliances Included: Built-In Oven, Cooktop, Dryer, Electric Water Heater, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Street Number Modifier: 608
  • Room Count: 5
  • Additional Rooms: Bonus Room
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: South
  • Exterior Features: Storage
  • Roof: Shingle
  • Pool Private: No
  • Water Body Name: Lake Panasoffkee
  • Waterfront: No
  • Water Access: Canal - Freshwater, Lake
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Water Available
  • Cooling: Wall/Window Unit(s)
  • Heating: Oil
  • Laundry Features: Inside, Laundry Room
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Schools

  • Elementary School: Lake Panasoffkee Elementary
  • High School: South Sumter High
  • Middle Or Junior School: South Sumter Middle

Lot Info

  • Zoning: R4C
  • Parcel Number: J09B108
  • Additional Parcels: No
  • Lot Dimensions: 100x100
  • Flood Zone Code: X
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 937.91
  • Tax Block: C
  • Tax Book Number: 3-46
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2021
Sold by
Siemer Robert E and Siemer Linda S
Bought by
Coogle Russell E and Coogle Bessie
Current Estimated Value
$157,809

Purchase Details

Listed on
Jan 20, 2020
Closed on
Mar 20, 2020
Sold by
Francis Barbara M and Eagles Terry Denise
Bought by
Siemer Robert E and Siemer Linda S
Seller's Agent
J.Y. Sizemore
SUMTER REALTY
Buyer's Agent
J.Y. Sizemore
SUMTER REALTY
List Price
$69,000
Sold Price
$60,000
Premium/Discount to List
-$9,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.10%

Purchase Details

Closed on
Jan 10, 2018
Sold by
Francis Barbara M and Francis Jim
Bought by
Frances Barbara M and Eagles Terry Denise
Source: Public Records

Range of Values:

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Average Value
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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
Coogle Russell E $134,000 New Frontier Title Llc
Siemer Robert E $60,000 New Frontier Title Llc
Frances Barbara M -- Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2020 03/20/20 Sold $60,000 -13.0% $78 / Sq Ft
02/21/2020 02/21/20 Pending -- -- --
01/17/2020 01/17/20 For Sale $69,000 -- $90 / Sq Ft
Source: Stellar MLS

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 $147 $27,890 -- --
2023 $147 $27,080 $0 $0
2022 $138 $26,300 $0 $0
2021 $915 $68,460 $8,860 $59,600
2020 $957 $71,970 $15,500 $56,470
2019 $938 $71,970 $15,500 $56,470
2018 $781 $62,840 $15,500 $47,340
2017 $702 $50,190 $15,500 $34,690
2016 $711 $50,190 $0 $0
2015 $669 $45,700 $0 $0
2014 $719 $48,370 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: G5025109

Stellar MLS

APN: J09B108