When was property at 404 County Rd 487 built and last sold?

The property at 404 County Rd 487 was built in 1983 and last sold on Sep 14, 2011 for $25,000.

How much is this home worth?

The estimated value of the home located at 404 County Rd 487 is $285,620.

What are some comparable homes to 404 County Rd 487?

There are currently no comparable homes to 404 County Rd 487.

Lake Panasoffkee

33538

404 CR 487

$257,000

● House - Off Market

404 CR 487

LAKE PANASOFFKEE, FL 33538

3 Beds

2 Baths

2,168 Ft²

$1,496

Est. Monthly

7.22%

Cap Rate

About This Property

$8,000 TOWARDS CLOSING COSTS!

Located in Lake Panasoffkee, this gorgeous 3/2 offers 2,168 sq ft of living space. Perfect for entertaining and turning this property into a home! Conveniently sitting on a spacious 0.44 acre lot, this is ideal for families and pets. With an 8' privacy fence you'll be able to enjoy your backyard oasis that includes a saltwater pool! There is also a two-car garage, carport and an insulated shed with "man cave" potential! This property is freshly remodeled and ready to be enjoyed. Located less than a 1/2 mile away from water access to take your airboat out or fish the canals!

Unit Size

2,168 Ft²

Days on Market

86 days

Land Size

0.44 acres

Price per sqft

$127

Property Type

House

Property Taxes

$145

HOA Dues

Year Built

1983

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (Stellar MLS #OM694253)

Price History

Date / Event	Date	Event
Apr 30, 2025	Sold	Premium
Sold
Apr 7, 2025	In contract	-
In contract
Apr 1, 2025	Price Decreased	$275,000 ↓ $2K (0.7%)
Price Decreased
Mar 4, 2025	Price Decreased	$277,000 ↓ $9K (3.2%)
Price Decreased
Jan 29, 2025	Listed by BLACKHORSE REAL ESTATE LLC	$286,000
Listed by BLACKHORSE REAL ESTATE LLC
Sep 23, 2011	Sold	Premium
Sold

Property Highlights

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 1983

Effective Year Built: 1983
Building Count: 1
Bedroom Count: 0
Building Condition: 0
Building Quality: 0
Construction Type: 17
Building Style: 15
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: 480
Parking Space Count: 1
Patio Type: 59
Porch Type: 111
Pool Type: 0

Dimensions

Lot Size Square Feet: 19,174

Lot Size Depth Feet: 2,500
Lot Size Frontage Feet: 1,670
Total Building Area: 2,168
Gross Building Area: 2,240
Building Area: 2,168
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 0

Heating: 0
Heated Square Feet: 2,168
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: MAGNOLIA MANOR
Land Acres: 0000000440
Standard Land Use Code: 1001
County Land Use Code: 00100
State Land Use Code: 001
Legal Description 1: LOTS 17 18 19 & N 16.67 FT OF LOT 20 BLKB MAGNOLIA MANOR PB 3 PG 46 AND A 3.5/1 52 UNDIV INT IN W 50 FT OF LOT 17 BLK CAND IN E 150 FT OF S 312 FT OF SE1/4 OF NW1/4

Neighborhood

School District Name: Sumter County School District

Census Tract: 910401

Geography

Parcel: J09B068

Block: B
Lot: 17,20
Meridian: SEC 9 TWN 20S RNG 22E
Municipality: SUMTER COUNTY
Latitude: 28.7621
Longitude: -82.1129

Address

Full Address: 404 Cr 487

Address - House Number: 404
Address - Street Name: Cr 487
State: FL
City Name: Lake Panasoffkee
Carrier Code: H001
4-Digit Zip Code: 5840
Zip Code: 33538

Valuation

Tax

Total Area: 2,216

Tax Year: 2023
Tax Amount: $136,085
Tax Rate Code Area: 1001

Appraisal Valuation

Standard Deviation: 0.1306

Valuation Date: Apr 03, 2024
Confidence Score: 85
Final Value: 254,890
High Value: 288,195
Low Value: 221,586

Market Valuation

Market Total Value: $166,160

Market Land Value: $17,260
Market Improvement Value: $148,900

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $75,490

Sales

Current Sale Contract Date: Sep 14, 2011

Current Sale Recording Date: Sep 23, 2011
Current Sale Price:

Premium
Current Sale Document Type: 20
Current Sale Input Document Number: 201160061653
Previous Sale Recording Date: Jun 12, 2009
Previous Sale Contract Date: May 21, 2009
Previous Sale Document Type: 69

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Lake Panasoffkee

Stats & Trends

Median Asking:

$232,000

Sale Price/ft²

$189

Below Asking

0.04%

Average Days on Market

Average Home Size

1336 ft²

Average Home Age

46.3 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

Rentals Near You

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Listed by: Lauren Neidenfeuhr
BLACKHORSE REAL ESTATE LLC
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# OM694253

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.

404 CR 487

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Lake Panasoffkee

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions