1940 CR 428, LAKE PANASOFFKEE, FL, 33538
Active183 days on marketListed Feb 3, 2026MLS #TB8471975
About this home
1940 CR 428
Virtually Staged. Updated 2/1 Lake Panasoffkee home with a newer metal roof. Improvements include NEW flooring, NEW fresh paint on the interior and exterior, UPDATED bathroom with tile shower, and NEW fans and lighting. This home offers covered back and front porches! Plenty of space to relax or sip a cup of coffee. Split plan with open Kitchen and Living area. Back yard is fenced and has a small storage shed. Affordable living where you OWN the land - NO HOA/NO CDD/NO FLOOD ZONE!!! Seller may consider owner financing. Located near Lake Panasoffkee, The Withlacoochee River, shopping, local restaurants, public boat ramps, golfing, and entertainment. Near I-75 and Turnpike for access to Tampa, Orland and Florida's beaches. Call today for your appointment to view!
Facts & features
The home at a glance
2
Bedrooms
1
Bathrooms
658
Sqft
0.2 ac
Lot size
1986
Year built
One
Levels
$167
Per sqft
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.
$908 /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
$908/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.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Lake Panasoffkee actives
$167 vs $172
Days on market
183 vs 53 typical
Where $167/sqft sits among the 40 Lake Panasoffkee actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Lake Panasoffkee
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lake Panasoffkee. See the full Lake Panasoffkee guide →
LAKE PANASOFFKEE 33538 — neighborhood snapshot
Population
5,748
Median age
47.6
Median income
$48,951
Median home value
$157,200
Avg household
2.13
Households w/ children
692
For the school run
Sumter County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lake Panasoffkee market
$194K → $166K
Lake Panasoffkee median sold, yr/yr
92.4%
Sale-to-list ratio (12 mo)
26 of 40
Lake Panasoffkee actives have cut their price
Median sold price, Lake Panasoffkee, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 36% below the LAKE PANASOFFKEE 33538 median. See the full Lake Panasoffkee market guide →
Paper trail
This home's history
Reality check
What actually sold near 1940 CR 428
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Aug ’25$216,000
2602 CR 422 · same community
3 bd · 2 ba · 1,140 sqft · $189/sqft · 228 DOM
Sold · Jun ’26$82,000
1575 CR 434
2 bd · 1.5 ba · 672 sqft · $122/sqft · 0 DOM
Sold · Feb ’26$110,000
1217 CR 440A
1 bd · 1 ba · 624 sqft · $176/sqft · 180 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 1940 CR 428 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1940 CR 428 — 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
1940 CR 428 FAQs
What would the monthly payment be for 1940 CR 428?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $908/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 1940 CR 428?+
The most recent tax bill on record (2025) was $635. 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 Panasoffkee?+
At $109,900, this home is listed about 42% below the Lake Panasoffkee median of $189,000. The market section on this page shows how the area is trending.
Which schools are assigned to 1940 CR 428?+
Lake Panasoffkee Elementary School (elementary), South Sumter Middle School (middle) — Sumter County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Under the LAKE PANASOFFKEE 33538 market on paper
$109,900 is 36% below the LAKE PANASOFFKEE 33538 median of $171,000, and at $167/sqft it sits under the Lake Panasoffkee average of $186.
02Time on market is leverage
183 days on market against a Lake Panasoffkee median of 53 — sellers in this position are usually ready to negotiate.
03Strong assigned schools
Lake Panasoffkee Elementary School, South Sumter Middle School — South Sumter Middle School rates 4 of 5. Always verify assignments with the district.
04The price has already moved
Listed at $114,500, now $109,900 — a $5K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of PEOPLE'S TRUST REALTY · Sean Kwiatkowski. MLS #TB8471975.
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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