4885 Cr-306a, Lake Panasoffkee, FL, 33538 | $175,000

$30, 000 Price Drop!! Seller is ready to get this one SOLD. This is the first house off the Withlacoochee River on the canal You're approx. 400 yards to the Dam, The Dam Pub and the airboat bridge/slide. This is Old Undisturbed Florida. From this house you can travel for miles and miles on the river, marshes, swamps. . . you will be located in an outdoor wonderland. This is no exaggeration, you can spend years exploring all the water accessible from this home. If your not an airboat person, no worries, a surface drive motor takes you to all kinds of incredible places. If you need a break from the water, try hiking or hunting at nearby Half Moon, Jumper Creek or Flying Eagle Wildlife Management Areas. Original owner built this home in 1984. The kitchen and the bathroom are original. If you like retro, you will love the bathroom. The home was built as a family retreat for weekends, holidays and summers. A large secondary bedroom was full of bunk beds for kids and friends. A lot of memories where made in this home and on the river. It's time for a new family to create their memories. The home needs some work, it will need a new roof, the inside needs a facelift – mostly cosmetic. Sweat Equity will go along way on this home. Paint will transform the outside. Paint and new flooring will make a huge difference on the inside. Having an boat parked underneath will also help. Homes on the river are hard to comeby, especially in this price range. Come take a look, don't let the deferred maintenance scare you. Because of the scarcity of homes with direct access to the river, this is a GOOD investment. The Villages is developing 9, 000 acres in Sumter County, plus there are 3, 000 acres of additional development --- This becomes a woulda, coulda, should of home. You'll look back and wish you would have bought it. More people creates more demand, very few homes with direct river access means limited supply. Basic economics, more demand than supply makes this a no brainer GOOD Investment. Plus it's a fun place to be

Features

  • Rooms: 4
  • Bedrooms: 2
  • Baths: 1 full
  • Lot Size: 100 x 95
  • Laundry: None
  • Style: Cabin
  • Year Built: 1984
  • Garage: Boat, Covered, Off Street
  • Heating: None, Partial, Wall Units / Window Unit
  • Cooling: Wall/Window Unit(s)
  • Approx Sq. Feet: 1,040
  • Acreage: 0.22
  • Lot Size: 100 x 95
  • Est. Taxes: $1,383
  • Lot Desc: Cleared, Cul-De-Sac, In County, Level, Oversized Lot
  • View: Park/Greenbelt, Trees/Woods, Water
  • Elem. School: Lake Panasoffkee Elementary
  • Middle School: South Sumter Middle
  • High School: South Sumter High
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Range, Refrigerator
  • MLS#: O6210082
  • Days on Market: 151 days
  • Website: https://www.raveis.com
    /prop/O6210082/4885cr306a_lakepanasoffkee_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/5/2024 1:34:30 PM)
Listing courtesy of XCELLENCE REALTY INC.   Phone: 866-595-6025

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4885 Cr-306a, Lake Panasoffkee, FL, 33538

$175,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $140,000 $140,000 $140,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.563% 7.159% 6.276%
Monthly Tax Payment $115 $115 $115
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $931 $930 $1,181
Total Monthly Payment $1,121 $1,120 $1,371

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.