NOT LISTED FOR SALE

12724 Lateral Root Dr Sarasota, FL 34238

Estimated Value: $448,000 - $506,000

4 Beds
2 Baths
1,828 Sq Ft
$261/Sq Ft Est. Value

Sale Details

Date Sold: June 29, 2022

Last sale price $525,990 $288 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $3,093 / mo

13 Days on Market

Highlights

  • Fitness Center
  • Under Construction
  • Clubhouse
  • Laurel Nokomis School Rated A-
  • Gated Community
  • Stone Countertops

About This Home

As of June 2022

Our Express Series homes at Promenade Estates combine quality and value with affordability, setting the American dream of homeownership within reach. Featuring all concrete block construction and open-concept floorplans, each home comes equipped with a full stainless-steel appliance package, our state-of-the-art smart home system, granite counters in the kitchen, and extended tile throughout the main, first floor living area. Homeowners will enjoy an array of activities at our expansive amenity center, complete with clubhouse, fitness center, pool, splash pad, Tot Lot, sand volleyball court, half basketball court, and pet park for the furry members of your family. This gated community is set in Sarasota’s desired Palmer Ranch, known for its top-rated schools and convenient location, close to all Sarasota has to offer.
Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information, including pricing, included features, terms, availability, and amenities, are subject to change and prior sale at any time without notice or obligation.
Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information, including pricing, included features, terms, availability, and amenities, are subject to change and prior sale at any time without notice

Last Agent to Sell the Property

Teddianne Sherman

License #3334868 Listed on: 11/15/2021

Last Buyer's Agent

Sergey Kondrakhin

KELLER WILLIAMS SUBURBAN TAMPA License #3498013

KELLER WILLIAMS SUBURBAN TAMPA

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2022 | Under Construction

Lot Details

  • 6,523 Sq Ft Lot
  • West Facing Home
  • Level Lot
  • Landscaped with Trees

HOA Fees

  • $102 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,828 Sq Ft Home
  • Low Emissivity Windows
  • Shutters
  • Blinds
  • Sliding Doors

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Schools

  • Laurel Nokomis Elementary School
  • Laurel Nokomis Middle School
  • Venice Senior High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities

Listing and Financial Details

Community Details

Overview

  • Promenade Estate Community Assosiation Association, Phone Number (913) 607-2220
  • Built by D.R.Horton
  • Promenade Estates On Palmer Ranch Subdivision, Cali Floorplan
  • Rental Restrictions

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool
  • Park

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2022 | Under Construction

Lot Details

6,523 Sq Ft Lot

HOA Fees

$102 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Condition: Under Construction
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1828
  • Lot Size Acres: 0.14
  • New Construction: Yes
  • Year Built: 2022
  • Lot Size Sq Ft: 6523
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3341303?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3341303?w=Customer
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Home Warranty Y N: Yes
  • Call Center Phone Number: 844-261-0038
  • Projected Completion Date: 2022-06-30T04:00:00.000Z
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 287.74
  • Close to Original List Price Ratio: 1.01154
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Stone Counters
  • Appliances Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Window Features: Blinds, Low Emissivity Windows, Shutters
  • Room Count: 6

Exterior Features

  • Direction Faces: West
  • Exterior Features: Hurricane Shutters, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Underground Utilities
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Public Remarks Required: Under Construction.
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Pool
  • Association Amenities: Clubhouse, Fitness Center, Gated, Park, Playground, Pool
  • Association Fee: 102
  • Association Fee Frequency: Monthly
  • Association Name: Promenade Estate Community Assosiation
  • Phone: 913-607-2220
  • Association: Yes
  • Security: Gated Community, Smoke Detector(s)
  • Senior Community: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 1224
  • Monthly HOA Fee: 102
  • Total Monthly Fees: 102

Schools

  • Elementary School: Laurel Nokomis Elementary
  • High School: Venice Senior High
  • Middle Or Junior School: Laurel Nokomis Middle

Lot Info

  • Parcel Number: 0139090257
  • Additional Parcels: No
  • Lot Features: Level
  • Flood Zone Code: x

Building Info

  • Builder Name: D.R.Horton

Rental Info

  • Pets Allowed: Breed Restrictions
  • Minimum Lease: 7 Months
  • Approval Process: Per HOA guidelines
  • Pet Restrictions: Per HOA guidelines.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Per HOA guidelines

Tax Info

  • Tax Lot: 257

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2021
Closed on
Jun 30, 2022
Sold by
Dr Horton Inc
Bought by
Chychykalo Oleksandr and Pylypenko Olha
Seller's Agent
Teddianne Sherman
Buyer's Agent
Sergey Kondrakhin
KELLER WILLIAMS SUBURBAN TAMPA
List Price
$519,990
Sold Price
$525,990
Premium/Discount to List
$6,000
1.15%
Current Estimated Value
$477,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,817
Avg. Annual Appreciation
-2.54%
Original Mortgage
$420,792
Outstanding Balance
$345,368
Interest Rate
4.31%
Mortgage Type
New Conventional
Estimated Equity
$131,805
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chychykalo Oleksandr $525,990 Dhi Title Of Florida
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chychykalo Oleksandr $420,792
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2022 06/29/22 Sold $525,990 0.0% $288 / Sq Ft
11/28/2021 11/28/21 Pending -- -- --
11/24/2021 11/24/21 Price Changed $525,990 +0.2% $288 / Sq Ft
11/18/2021 11/18/21 Price Changed $524,990 +1.0% $287 / Sq Ft
11/15/2021 11/15/21 For Sale $519,990 -- $284 / Sq Ft
Source: Stellar MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,331 $407,800 $115,800 $292,000
2024 $5,497 $411,500 $115,800 $295,700
2023 $5,497 $428,800 $108,900 $319,900
2022 $1,519 $127,500 $127,500 $0
2021 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: T3341303

Stellar MLS

APN: 0139-15-0257

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