$480,000
SOLD OCT 28, 2024 RENTED NOV 27, 2024

12772 Lateral Root Dr Sarasota, FL 34238

4 Beds
2 Baths
1,839 Sq Ft
6,524 Sq Ft Lot

Recently Sold

$261 Per Sq Ft

8% Below List Price

28 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Clubhouse
  • Laurel Nokomis School Rated A-
  • Open Floorplan
  • High Ceiling

About This Home

As of October 2024

Price drop alert! Motivated seller-Save $15,000. Welcome to Your Dream Home in Promenade Estates! Discover the perfect blend of comfort and luxury in this stunning newer 4-bedroom, 2-bathroom gem located in the highly sought-after Promenade Estates within Palmer Ranch. Nestled in a vibrant, gated community, this home offers everything you need for a modern, active lifestyle. The RWC 10 year limited warranty is transferable to the new owners, the HVAC has a 5 year transferable warranty.

Step inside and be greeted by an expansive open floor plan with tall ceilings and elegant doors that enhance the spaciousness of this beautiful home. The gourmet kitchen is a chef’s delight, featuring stainless steel appliances, granite countertops, and upgraded finishes including a stylish backsplash, sleek cabinet handles, and contemporary lighting.

The home’s true standout is the newly expanded 25x25 enclosed patio, complete with no-see-um screening and a fully fenced yard—ideal for entertaining guests, relaxing with your pets, or enjoying a barbecue.

Promenade Estates offers exceptional amenities, including:

A community pool and splash pad
A fitness center and clubhouse
Basketball and sand volleyball courts
A dog park and playground

All this with no CDD fees and a low HOA fee! Enjoy easy access to the Legacy Trail for hiking and biking, and explore local attractions just a short drive away. Downtown Sarasota is only 12 miles from your door, while world-renowned Siesta Key Beach is a mere 9.9 miles away. Additionally, you’ll be in close proximity to top-rated schools, including Pine View School.

This home is attractively priced to sell quickly and won’t last long! Don’t miss your chance to own this exceptional property. Call today to schedule your private showing and make this dream home yours!

Last Agent to Sell the Property

Amy Mersman

FINE PROPERTIES Brokerage Phone: 941-782-0000 License #3436704 Listed on: 08/28/2024

FINE PROPERTIES

Last Buyer's Agent

Kerry Andrews

EXP REALTY LLC License #3252202

EXP REALTY LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,033

Year Built

  • Built in 2022

Lot Details

  • 6,524 Sq Ft Lot
  • North Facing Home
  • Irrigation
  • Property is zoned RSF1

HOA Fees

  • $218 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,839 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Great Room
  • Family Room Off Kitchen
  • Combination Dining and Living Room

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Smart Home
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Outdoor Features

  • Enclosed Patio or Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Electric Water Heater

Listing and Financial Details

Community Details

Overview

  • Association fees include pool, recreational facilities
  • Advanced Management/Lynn Mahoney Association, Phone Number (941) 359-1134
  • Built by D.R. Horton
  • Promenade Estates Ph II Subdivision, Cali Floorplan
  • Promenade Estates Community
  • The community has rules related to deed restrictions, allowable golf cart usage in the community

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool
  • Dog Park

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,033

Year Built

Built in 2022

Lot Details

0

HOA Fees

$218 per month

Parking

2

Listing Details

  • HOA Fee Includes: Pool, Recreational Facilities
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1839
  • Lot Size Acres: 0.15
  • New Construction: No
  • Year Built: 2022
  • Building Area Total: 2380
  • 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
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1047148
  • Minimum Lease: 7 Months
  • Number Of Pets: 3
  • RATIO Current Price By Calculate: 261.01
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • MFR_BedroomClosetType: Walk-in Closet
  • MFR_BedroomClosetType: Built-in Closet
  • MFR_BedroomClosetType: Built-in Closet
  • MFR_NumAssignedParkingSpaces: 2
  • MFR_InLawSuiteYN: 0
  • MFR_DockYN: 0
  • Attribution Contact: 941-782-0000
  • Tax Year: 2023
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Smart Home, Stone Counters
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Stories: 1
  • Window Features: Blinds
  • Street Number Modifier: 12772
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 170.85
  • Room Count: 7

Exterior Features

  • Direction Faces: North
  • Exterior Features: Hurricane Shutters, Irrigation System, Sidewalk, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Enclosed, Patio, Screened
  • Road Surface Type: Paved
  • Disclosures: Seller Property Disclosure
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

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

Utilities

  • Utilities: Public, Sewer Connected, Street Lights, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Deed Restrictions, Dog Park, Fitness Center, Gated Community - No Guard, Golf Carts OK, Playground, Pool
  • Association Fee: 218
  • Association Fee Frequency: Monthly
  • Association Name: Advanced Management/Lynn Mahoney
  • Phone: 941-359-1134 101
  • Association: Yes
  • Security: Gated Community, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: See HOA guidelines
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 2616.00
  • Total Monthly Fees: 218.00
  • Monthly HOA Amount: 218.00

Schools

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

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0139150245
  • Additional Parcels: No
  • Lot Features: Sidewalk, Paved
  • Flood Zone Code: x
  • Homestead YN: 1
  • Lot Size Square Meters: 606

Green Features

  • Green Verification Count: 0

Building Info

  • Builder Name: D.R. Horton

Rental Info

  • Pets Allowed: Cats OK, Dogs OK
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Approval from HOA. See HOA guidelines

Tax Info

  • Tax Annual Amount: 4032.88
  • Tax Block: 1
  • Tax Book Number: 55-92-105
  • Tax Lot: 245

Multi Family

  • Approval Process: See HOA guidelines

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2024
Closed on
Oct 28, 2024
Sold by
Tami Joseph Adam and Lindsay Marie
Bought by
Cassetta Virginia and Cassetta Martin
Seller's Agent
Kerry Andrews
EXP REALTY LLC
Buyer's Agent
Kerry Andrews
EXP REALTY LLC
Sold Price
$3,000
Views
19
Current Estimated Value
$491,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$488,437
Avg. Annual Appreciation
9.18%

Purchase Details

Listed on
May 13, 2022
Closed on
Sep 20, 2022
Sold by
Dr Horton Inc
Bought by
Tami Joseph Adam and Tami Lindsay Marie
Seller's Agent
Nicole Peterson
FATHOM REALTY FL LLC
Buyer's Agent
Amy Mersman
FINE PROPERTIES
List Price
$627,990
Sold Price
$549,990
Premium/Discount to List
-$78,000
-12.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.25%
Original Mortgage
$439,992
Interest Rate
5.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2021
Sold by
Forestar Usa Real Estate Group Inc
Bought by
Dr Horton Inc
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 Type Sale Price Title Company
Warranty Deed $480,000 Suncoast Title
Special Warranty Deed $549,990 Dhi Title Of Florida
Special Warranty Deed $1,848,000 Dhi Title Of Florida Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $439,992 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2024 11/27/24 Rented $3,000 0.0% --
11/12/2024 11/12/24 Under Contract -- -- --
11/06/2024 11/06/24 For Rent $3,000 0.0% --
11/04/2024 11/04/24 Under Contract -- -- --
10/31/2024 10/31/24 For Rent $3,000 0.0% --
10/28/2024 10/28/24 Sold $480,000 -4.9% $261 / Sq Ft
09/25/2024 09/25/24 Pending -- -- --
09/17/2024 09/17/24 Price Changed $504,990 -2.9% $275 / Sq Ft
08/28/2024 08/28/24 For Sale $519,900 -5.5% $283 / Sq Ft
09/20/2022 09/20/22 Sold $549,990 -0.9% $301 / Sq Ft
06/30/2022 06/30/22 Pending -- -- --
06/28/2022 06/28/22 Price Changed $554,990 -9.0% $304 / Sq Ft
05/27/2022 05/27/22 Price Changed $609,990 -0.8% $334 / Sq Ft
05/26/2022 05/26/22 Price Changed $614,990 -0.8% $336 / Sq Ft
05/18/2022 05/18/22 Price Changed $619,990 -1.3% $339 / Sq Ft
05/13/2022 05/13/22 For Sale $627,990 -- $344 / 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 $4,033 $364,884 -- --
2023 $4,033 $338,819 $0 $0
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: A4621375

Stellar MLS

APN: 0139-15-0245