4885 Cr-306a, Lake Panasoffkee, FL 33538

$195,000 Asking Price

2 beds
1 bath
1,040  sqft
Built in 1984

$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 & Amenities

Interior

General:
Kitchen/Family Room Combo
Appliances:
Range, Refrigerator
Laundry:
None
Flooring:
Carpet, Linoleum
A/C:
true, Wall/Window Unit(s)
Heating:
true, None, Partial, Wall Units / Window Unit
Fireplace:
Fireplace

Exterior

General:
Private Mailbox
Style:
Cabin
Parking:
Boat, Covered, Off Street

Construction

Roofing:
Shingle
General:
Wood Frame, Two, Pillar/Post/Pier

Location

Road/Access:
Street Paved
Originating MLS:
Stellar MLS
County:
Sumter

Lot

Zoning:
RES, LOT 10 BLK A SUNSET SHORES UNIT 1 PB 3 PG 39, E23EA010
View:
Park/Greenbelt, Trees/Woods, Water
Fencing:
Chain Link

Utilities

Utilities:
Cable Available
Water:
Well
Sewer:
Septic Tank

Financial

Source:
Stellar MLS

This listing courtesy of:
XCELLENCE REALTY INC., Levi Salmans

About Lake Panasoffkee, FL

Housing

Number of Units
3,480
Median Home Value
$112,173
Median Rent
$575

18.86% of housing units are renter occupied.

20.86% are vacant.

Commute

Car
70.55%
Public Transportation
0.00%
Walk to Work
0.60%
Work from Home
20.17%
Other
8.58%

The median travel time to work is 24 minutes.

People

Population
6,451
Median Age
52.10
Median Household Size
2.41

Education

High School
42.54%
Associate’s Degree
9.41%
Bachelor’s Degree
7.92%
Graduate Degree
3.92%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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