| Assessor Parcel ID (APN) | A13-002 |
|---|---|
| Situs Property Address | BEG AT NW COR OF SEC RUN S 138, Lake Panasoffkee, FL 33538 |
| Recorded Legal Deed Holder | DRAKE RANCH PARTNERSHIP |
| Owner Recorded Mailing | 10025 S MAGNOLIA AVE, OCALA FL 34476 |
| DOR Land Classification | 060 |
| Improvement Allocation | 93% Structure ($9,510) • 7% Land ($710) |
| Recorded Legal Description | BEG AT NW COR OF SEC RUN S 138 |
| Recorded Legal Owner | DRAKE RANCH PARTNERSHIP |
|---|---|
| Mailing Address | 10025 S MAGNOLIA AVE, OCALA FL |
| Land Classification | 060 |
| Improvement Share | 93% Structure • 7% Land |
| Legal Description | BEG AT NW COR OF SEC RUN S 138 |
Unassigned Location RE is cataloged under the Sumter County, FL property tax appraisal roll with a certified market valuation of $10,220. Structural improvements constitute 93% ($9,510) of total parcel value, with allocated land value accounting for 7% ($710). The parcel currently benefits from a statutory tax assessment differential of $9,510 (93.1% below market), which is subject to standard ad valorem adjustments upon ownership conveyance. Based on the prevailing FL benchmark tax rate of 0.83%, estimated annual ad valorem taxes are approximately $85/year.
| Adjacent Property & Address | City | Just Valuation |
|---|---|---|
| W1/2 OF NE1/4 & NW1/4 OF SE1/4, Lake Panasoffkee, FL | Lake Panasoffkee | $481,840 |
| SUB-SURFACE RIGHTS 25/32 UNDIV, Lake Panasoffkee, FL | Lake Panasoffkee | $720 |
| SW1/4 OF SW1/4 & W 32.8 AC OF, Lake Panasoffkee, FL | Lake Panasoffkee | $102,660 |
| SUB SURFACE RIGHTS ONLY 5/32 I, Lake Panasoffkee, FL | Lake Panasoffkee | $150 |
| N1/2 OF N1/2 **SUBJECT TO A CO, Lake Panasoffkee, FL | Lake Panasoffkee | $105,490 |
| S1/2 OF SE1/4, Lake Panasoffkee, FL | Lake Panasoffkee | $112,940 |