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Lake Panasoffkee 33538
3603 Cr 405dw
$7,500
● Land - Off Market

3603 Cr 405dw

LAKE PANASOFFKEE, FL 33538
bedrooms
Studio
bathrooms
0 Bath
$8,653
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Looking for a quiet fishing town? Here is your chance to own a piece of land in  spring fed Lake Panasoffkee famous for bass fishing and, connected to the Withlacoochee river. Minutes away from I75, East access to Ocala, turnpike, the Villages and Tampa. This parcel is offered as a package of 2 with CR405D sharing back boundary. See parcel map
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
Land
Property Taxes
$4
HOA Dues
-
Year Built
1974

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Stellar MLS #OM610256)

Price History

Date / Event Date Event Price
Jan 20, 2022 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 14
  • Building Style: 33
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 264
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,770
  • Lot Size Depth Feet: 550
  • Lot Size Frontage Feet: 1,700
  • Total Building Area: 768
  • Gross Building Area: 888
  • Building Area: 768
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 768
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLIVE PALM COMM UNREC SUBD
  • Land Acres: 0000000247
  • Standard Land Use Code: 1006
  • County Land Use Code: 00200
  • State Land Use Code: 002
  • Mobile Home Indicator: T
  • Legal Description 1: LOT 128 OLIVE PALM COMM UNREC SUBD AS DESC IN OR 204 PG 781

Neighborhood

  • School District Name: Sumter County School District
  • Census Tract: 911500

Geography

  • Parcel: F30C128
  • Lot: 128
  • Meridian: SEC 30 TWN 19S RNG 22E
  • Municipality: SUMTER COUNTY
  • Latitude: 28.8086
  • Longitude: -82.1452

    Address

  • Full Address: 3603 Cr 405dw
  • Address - House Number: 3603
  • Address - Street Name: Cr 405dw
  • State: FL
  • City Name: Lake Panasoffkee
  • Carrier Code: H002
  • 4-Digit Zip Code: 4235
  • Zip Code: 33538

Valuation

    Tax

  • Total Area: 768
  • Tax Year: 2023
  • Tax Amount: $12,500
  • Initial Tax Delinquent Year: 2016
  • Tax Rate Code Area: 1001

    Appraisal Valuation

  • Standard Deviation: 0.1609
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 79
  • Final Value: 69,583
  • High Value: 80,783
  • Low Value: 58,383

    Market Valuation

  • Market Total Value: $23,960
  • Market Land Value: $9,690
  • Market Improvement Value: $14,270

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,190

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 29, 2000
  • Current Sale Recording Date: Oct 05, 2000
  • Current Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lake Panasoffkee

Stats & Trends

Median Asking:

$232,000

Sale Price/ft²

$189

Below Asking

0.04%

Average Days on Market

83

Average Home Size

1352 ft²

Average Home Age

48.1 years

Currently For Sale

17 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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STELLAR

Listed by: Nicole Haltaufderhyde
RES MOVEMENT RE GROUP
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OM610256
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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 3603 County Rd 405dw built and last sold?
The property at 3603 County Rd 405dw was built in 1974 and last sold on Sep 29, 2000 for $0.
How much is this home worth?
The estimated value of the home located at 3603 County Rd 405dw is $0.
What are some comparable homes to 3603 County Rd 405dw?
There are currently no comparable homes to 3603 County Rd 405dw.
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