Sold for $58,000

$58,000

3087 County Road 431, Lake Panasoffkee, FL 33538

2beds

672sqft

Single Family Residence

Built in 1957

0.34 Acres Lot

$89,400 Zestimate^®

$86/sqft

$1,221 Estimated rent

Home value

$89,400

$68,000 - $114,000

$1,221/mo

Zestimate^® history

Owner options

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$1,221/mo

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$1,221/mo

Rent Zestimate^®

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$299/mo

Est. payment

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$299/mo

Est. payment

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What's special

Bank owned foreclosure property ... needs work but has potential. 2 bedrooms and 1 bathroom on .34 acre. Near beautiful Lake Panasoffkee and public boat ramps.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Heating

None

Cooling

None

Appliances

Included: None

Features

Flooring: Unfinished

Interior area

Total structure area: 672
Total interior livable area: 672 sqft

Property

Parking

Parking features: Driveway, Unpaved

Features

Exterior features: Unpaved Driveway
Pool features: None

Lot

Size: 0.34 Acres
Dimensions: 161 x 100
Features: Rectangular

Details

Parcel number: 291922F29B125
Zoning: RURMH
Special conditions: Real Estate Owned

Construction

Type & style

Home type: SingleFamily
Architectural style: Florida
Property subtype: Single Family Residence

Materials

Brick
Roof: Asphalt,Shingle

Condition

New construction: No
Year built: 1957

Utilities & green energy

Water: Public

Community & HOA

Community

Subdivision: Magnolia Shores

HOA

Has HOA: No

Location

Region: Lake Panasoffkee

Financial & listing details

Price per square foot: $86/sqft
Tax assessed value: $37,590
Annual tax amount: $487
Date on market: 4/26/2024
Cumulative days on market: 9 days
Listing terms: Cash
Road surface type: Paved

Price history

Date	Event	Price
5/20/2024	Sold	$58,000+100%$86/sqft
Source: Realtors Association of Citrus County #833314 Report a problem
5/6/1999	Sold	$29,000$43/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$763 +2.1%	$37,590
2024	$747 +51.9%	$37,590 +6.3%
2023	$492 -19.4%	$35,370 -24.4%
2022	$611 +134.3%	$46,810 +27.1%
2021	$261 +0%	$36,840 +1.4%
2020	$261	$36,340 +2.3%
2019	$261 +2.4%	$35,530 +1.9%
2018	$255 +8.8%	$34,870 +2.1%
2017	$234 +1.9%	$34,160 +2.1%
2016	$230 +2.9%	$33,460 +0.7%
2015	$223 +0.4%	$33,230
2014	$222 -1.4%	$33,230 -1.5%
2013	$225	$33,720 +1.7%
2012	--	$33,160 +3%
2011	--	$32,202 +1.5%
2010	--	$31,727 +2.7%
2009	--	$30,893 +0.1%
2008	--	$30,863 +3%
2007	--	$29,965 +2.5%
2006	--	$29,235 +3%
2005	--	$28,384 +3%
2004	--	$27,558 +1.9%
2003	--	$27,045 +1.9%
2002	--	$26,547 -2.9%
2001	--	$27,340 +7.8%
2000	--	$25,368 +2.4%
1999	--	$24,768