NOT LISTED FOR SALE

12768 Lateral Root Dr Sarasota, FL 34238

Estimated Value: $552,000 - $610,000

5 Beds
3 Baths
2,605 Sq Ft
$225/Sq Ft Est. Value

Last Sold March 23, 2023

Last sale price $608,990 $234 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,335/month

3 Days on Market

Highlights

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

About This Home

As of March 2023

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 a 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.

Last Agent to Sell the Property

Nicole Peterson

FATHOM REALTY FL LLC License #702820 Listed on: 02/22/2022

FATHOM REALTY FL LLC

Last Buyer's Agent

Candy Swick

CANDY SWICK & COMPANY License #0330355

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,289

Year Built

  • Built in 2022 | Under Construction

Lot Details

  • 6,524 Sq Ft Lot
  • Southwest 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

  • 2,605 Sq Ft Home
  • Low Emissivity Windows
  • Shutters
  • Blinds
  • Sliding Doors

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 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, Hayden Floorplan
  • Rental Restrictions

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool
  • Park

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,289

Year Built

Built in 2022 | Under Construction

Lot Details

0

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: 2605
  • Lot Size Acres: 0.14
  • New Construction: Yes
  • Year Built: 2022
  • Lot Size Sq Ft: 6524
  • Directions to Property: From I-75 South, take exit 200 for 681 S toward Venice/Osprey. Continue on to FL-681 for approx. a 1/2 mile, then head north on Honore Ave. At the traffic circle, take the first exit and stay on Honore Ave. and the community will be on your left.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3356696?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3356696?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: 2022-09-30T04:00:00.000Z
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 233.78
  • Close to Original List Price Ratio: 1.01669
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2022
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 3
  • Interior Amenities: Stone Counters
  • Appliances Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Levels: One
  • Window Features: Blinds, Low Emissivity Windows, Shutters
  • Street Number Modifier: 12768
  • Room Count: 9
  • ResoLivingAreaSource: Builder

Exterior Features

  • Direction Faces: Southwest
  • 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: 0139150246
  • Additional Parcels: No
  • Lot Features: Level
  • Flood Zone Code: x
  • ResoLotSizeUnits: SquareFeet

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: 246

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2022
Closed on
Mar 23, 2023
Sold by
D R Horton Inc
Bought by
Demao Eliza Myo Yu Khin and Demao Jason Matthew
Seller's Agent
Nicole Peterson
FATHOM REALTY FL LLC
Buyer's Agent
Candy Swick
CANDY SWICK & COMPANY
List Price
$598,990
Sold Price
$608,990
Premium/Discount to List
$10,000
1.67%
Views
1
Current Estimated Value
$586,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,167
Avg. Annual Appreciation
0.97%
Original Mortgage
$304,495
Interest Rate
5.25%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Demao Eliza Myo Yu Khin $608,990 Dhi Title Of Florida
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demao Eliza M $200,000
Closed Demao Eliza Myo Yu Khin $304,495
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2023 03/23/23 Sold $608,990 0.0% $234 / Sq Ft
02/26/2022 02/26/22 Pending -- -- --
02/23/2022 02/23/22 Off Market $608,990 -- --
02/22/2022 02/22/22 For Sale $598,990 -- $230 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

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
2024 $1,289 $212,603 -- --
2023 $1,289 $109,000 $109,000 $0
2022 $1,519 $127,500 $127,500 $0
2021 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2023

    Nicole Peterson

    FATHOM REALTY FL LLC

    (813) 433-4250

    63 in this area

    3,407 Total Sales

    Nicole Peterson
    Section Image
  • Candy Swick

    Buyer's Agent in 2023

    Candy Swick

    CANDY SWICK & COMPANY

    (941) 256-2747

    6 in this area

    267 Total Sales

    Candy Swick
    Section Image
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Map

Source: Stellar MLS

MLS Number: T3356696

Stellar MLS

APN: 0139-15-0246

Florida Sarasota County Sarasota 34238

12768 Lateral Root Dr, Sarasota, FL

This home is located at 12768 Lateral Root Dr, Sarasota, FL 34238 since 22 February 2022 and is currently estimated at $586,823, approximately $225 per square foot. This property was built in 2022. 12768 Lateral Root Dr is a home located in Sarasota County with nearby schools including Laurel Nokomis School and Venice High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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