974 SW SHERLOCK TERRACE, LAKE CITY, FL, 32024
Active85 days on marketListed May 15, 2026MLS #S5149820
About this home
974 SW SHERLOCK TERRACE
This is your chance to own a beautiful piece of North Florida land with paved roads on two sides, it's the perfect balance of open space, privacy, and convenience. This cleared 5 acre corner parcel located outside of a flood zone, and offers endless potential for a custom site built home, manufactured home, mini farm, gardens, animals, recreational use, or simply a peaceful escape from the congestion of the city. Surrounded by quiet country scenery while still remaining close to everyday essentials, the property is located within 3 miles of highly rated schools, approximately 5 miles to the new Publix shopping plaza and Tractor Supply, 9 miles to Lake City, and just minutes from I 75 for an easy commute. No HOA restrictions and plenty of room to bring your vision to life whether you are looking to build now, invest for the future, or create your own private homestead. Come check out this property today! Buyer responsible for accuracy of all measurements,legal,zoning and land use.
Facts & features
The home at a glance
5.01 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$988 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$988/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Lake City
Get to know Lake City. See the full Lake City guide →
LAKE CITY 32024 — neighborhood snapshot
Population
20,644
Median age
44.2
Median income
$62,066
Median home value
$201,700
Avg household
2.6
Households w/ children
2,304
For the school run
Columbia County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lake City market
$325K → $249K
Lake City median sold, yr/yr
95.7%
Sale-to-list ratio (12 mo)
Median sold price, Lake City, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 69% below the LAKE CITY 32024 median. See the full Lake City market guide →
Paper trail
This home's history
Reality check
What actually sold near 974 SW SHERLOCK TERRACE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Oct ’25$224,000
609 SW PEACE DRIVE
4 bd · 2 ba · 1,680 sqft · $133/sqft · 23 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 974 SW SHERLOCK TERRACE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 974 SW SHERLOCK TERRACE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
974 SW SHERLOCK TERRACE FAQs
What would the monthly payment be for 974 SW SHERLOCK TERRACE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $988/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 974 SW SHERLOCK TERRACE?+
The most recent tax bill on record (2025) was $628. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Lake City?+
At $122,500, this home is listed about 69% below the Lake City median of $399,450. The market section on this page shows how the area is trending.
Which schools are assigned to 974 SW SHERLOCK TERRACE?+
Westside Elementary School (elementary), Columbia High School (high) — Columbia County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Under the LAKE CITY 32024 market on paper
$122,500 is 69% below the LAKE CITY 32024 median of $399,000.
02Strong assigned schools
Westside Elementary School, Columbia High School — Westside Elementary School rates 4 of 5. Always verify assignments with the district.
03The price has already moved
Listed at $125,000, now $122,500 — a $3K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of LA ROSA REALTY LLC · Robert Davis. MLS #S5149820.
IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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