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$175,000
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961 County Road 481
Lake Panasoffkee, FL 33538
3 bed 2 bath 1,463 SqFt ($119/SqFt)
0.45 acre lot. Built 1960
Listed 2022-09-02, Taxes $291
USDA Eligible
near Lake Panasoffkee, FL
 

Latest Value Estimates: $193,651 from Quantarium on 2024-04-24. $167,200 from CoreLogic on 2024-04-01. Forecast Estimate Value:$199,153 in 2025-04-01 by Quantarium. $171,097 in 2025-04-01 by CoreLogic.

NO HOA and 5 minutes from the lake!

* No Longer For Sale *
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Relaxed lifestyle with free extras. Under 5 minutes to the marina at Tracy's Point, this cottage style diamond in the rough has plenty of storage space and tons of possibilities! Nearly 1/2 acre and nearly 1500 square feet, this home also includes a huge detached garage/workshop with ELECTRICITY, garage door opener and most tools/supplies are included! Enjoy the greenhouse, enormous oaks and variety of exotic p lants on property, then relax in the cooler, oversized, screened rocking cottage and included bar! Hungry? The generous sized kitchen opens to the rear screened porch for easy access.

The laundry spot features it's own hot water heater and outdoor shower for people or pet use! Fun for everyone, charmng cottage details like real wood flooring (not plywood!) on both floors are waiting for discovery and your personal touches. This home will be cute as a button when you finish renovations to your own taste! See it today!





Property MLS #T3399494 from StellarMLS

Bedrooms: 3
Primary Bedroom Dimensions: 10 x 12
Bedroom 2 Dimensions: 9 x 12
Bedroom 3 Dimensions: 12 x 14
Primary Bedroom Level: First
Bedroom 2 Level: First
Bedroom 3 Level: Second

Total Rooms: 5
Living Room Level: First

Total Bathrooms: 2
Full Bathrooms: 2

Ceiling Fans(s)
Eat-in Kitchen
Master Bedroom Main Floor
Solid Wood Cabinets
Split Bedroom
Thermostat
Flooring: Carpet, Laminate, Linoleum, Wood
Window Features: Aluminum Frames

Dishwasher
Dryer
Electric Water Heater
Microwave
Range
Refrigerator
Laundry Features: Outside

Cooling Features: Central Air, Wall/Window Unit(s)
Heating Features: Electric, Space Heater

Kitchen Dimensions: 10 x 19
Kitchen Level: First

Outdoor Shower
Storage
Fencing: Chain Link, Fenced, Wood
Other Structures: Greenhouse, Shed(s), Storage, Workshop
Road Surface Type: Asphalt, Paved

Water Features: Lake

Lot Description: Level, Near Marina
Lot Size Acres: 0.45
Lot Size Dimensions: 140x140
Lot Size Square Feet: 19600

Garage Spaces: 2
Parking Features: Boat, Garage Door Opener, Oversized, Workshop in Garage

Association: No
Calculated Total Monthly Association Fees: 0

Lease Term: Minimum Lease: No Minimum

Annual Tax Amount: 295.85
Source Listing Status: Closed
County: Sumter
Directions: From Tampa, take I-75 N to Sumter Country Rd 475 S in Sumter County. Take exit 321 from I-75 N. Turn left onto Sumter Country Rd 475 S (signs for Lake Panasoffkee/Sumterville). Turn left onto N County Rd 470/Sumter County Rd 470 E. Drive without city traffic past peaceful scenic farmland for just 1.7 miles, then turn left onto Co Rd 479, then turn left onto Co Rd 481. Home is the cottage on the left, with the double lot, greenhouse, and oversized garage/workshop.
Tax Year: 2021
Ownership: Fee Simple
Source Property Type: Residential
Area: 33538 - Lake Panasoffkee
Source Neighborhood: SHADY ACRES
Parcel Number: J08A003
Postal Code Plus 4: 6221
Subdivision: SHADY ACRES
Township: 20S
Zoning: R4M
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$41,070
$291
2021$unknown + $unknown
$39,880
$295
2020$unknown + $unknown
$39,330
$296
2019$unknown + $unknown
$38,450
$290
2018$unknown + $unknown
$37,740
$265
2017$unknown + $unknown
$36,970
$261
2016$unknown + $unknown
$36,210
$255
2015$unknown + $unknown
$35,960
$254
2014$unknown + $unknown
$35,680
$255
2013$unknown + $unknown
$35,160
$237
2012$unknown + $unknown
$44,590
$695
2011$unknown + $unknown
$48,493
$746
2010$unknown + $unknown
$48,493
$806
2009$unknown + $unknown
$49,507
$802
2008$unknown + $unknown
$51,409
$810
2007$unknown + $unknown
$52,309
$787

Sold 2023-02-03
$160,000
StellarMLS
Listed 2022-09-02
$175,000
StellarMLS
Listing removed 2022-08-11
$164,000
StellarMLS
Price Changed 2022-05-17
$164,000
StellarMLS
Price Changed 2022-03-09
$184,000
StellarMLS
Listed 2022-02-02
$199,000
StellarMLS
Sold 2012-08-22
$34,500
Public Record
Listing removed 2012-07-26
$35,500
CitrusCounty
Listed 2012-06-21
$35,500
CitrusCounty

Total Square Feet Living: 1463
Year Built: 1960
Construction Materials: Vinyl Siding, Wood Frame
Direction Faces: West
Foundation Details: Crawlspace
Levels: Two
Property Age: 63
Roof: Shingle

Sewer: Septic Tank
Electricity Connected
Private
Public
Water Source: Well

Lake Panasoffkee Elementary School is a public elementary school located approximately 0.2 miles away.
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South Sumter High School is a public middle and high school located approximately 6.8 miles away.
directions icon Map directions

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.