NOT LISTED FOR SALE

12792 Lateral Root Dr Sarasota, FL 34238

Estimated Value: $505,294 - $536,000

4 Beds
2 Baths
1,828 Sq Ft
$286/Sq Ft Est. Value

Last Sold August 23, 2022

Last sale price $541,990 $296 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,357/month

Highlights

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

About This Home

As of December 2022

A beautiful brand-new 4-bedroom 2 full bath home is located in the highly sought after gated community of Promenade Estates in Palmer Ranch. The house features all concrete block construction, open Cali floorplan, a spacious kitchen with stainless-steel appliances, a large island and granite counters in the kitchen. All active living areas is installed Ceramic tile floor and all bedrooms are covered with carpet. The large owner’s suite features a dual vanity, walk-in shower, oversized walk-in closet. In the back is a covered patio. The community features resort pool, clubhouse, fitness center, pool, splash pad, Tot Lot, playground, sand volleyball court, half basketball court, covered pavilion and pet park. The community is known for its top-rated schools and convenient location to beaches, shopping, Costco, Restaurants, new Sarasota Memorial Hospital and a short bicycle ride to Sarasota legacy trail.

Last Agent to Rent the Property

Yuhong Wan

U-HOME REALTY LLC License #3406201 Listed on: 09/12/2022

Last Renter's Agent

Yuhong Wan

U-HOME REALTY LLC License #3406201 Listed on: 09/12/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,489

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 6,524 Sq Ft Lot
  • Southeast Facing Home
  • Level Lot

Parking

  • 2 Car Attached Garage

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

  • Residential Lease
  • Security Deposit $3,150
  • Property Available on 9/12/22
  • Tenant pays for cleaning fee, re-key fee
  • The owner pays for trash collection
  • Long Term Lease
  • $75 Application Fee
  • Assessor Parcel Number 0139150240

Community Details

Overview

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

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool
  • Park

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,489

Year Built

Built in 2022 | New Construction

Lot Details

0

Parking

2

Rental Info

  • Furnished: Unfurnished
  • Lease Amount Frequency: Annually
  • Pets Allowed: Breed Restrictions
  • Lease Fee: 150
  • Long Term Y N: Yes
  • Minimum Lease: 1-2 Years
  • Application Fee: 75
  • Pet Restrictions: Per HOA guidelines.
  • Security Deposit: 3150
  • Available Date: 2022-09-12

Listing Details

  • Property Type: Residential Lease
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Fireplace: No
  • Living Area: 1828
  • Lot Size Acres: 0.14
  • New Construction: Yes
  • Year Built: 2022
  • Lot Size Sq Ft: 6524
  • Owner Pays: Trash Collection
  • Tenant Pays: Cleaning Fee, Re-Key Fee
  • 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: Leased
  • Unit Number Y N: No
  • Projected Completion Date: 2022-09-30T04:00:00.000Z
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 1.72
  • Close to Original List Price Ratio: 1
  • View: No
  • 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
  • Total Bedrooms: 4
  • Levels: One
  • Window Features: Blinds, Low Emissivity Windows, Shutters
  • Street Number Modifier: 12792
  • Room Count: 6
  • ResoLivingAreaSource: Builder

Exterior Features

  • Direction Faces: Southeast
  • Pool Features: Other
  • Exterior Features: Hurricane Shutters, Sliding Doors
  • 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
  • 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 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

Schools

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

Lot Info

  • Parcel Number: 0139150240
  • Lot Features: Level
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: D.R.Horton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2022
Closed on
Aug 24, 2022
Sold by
Dr Horton Inc
Bought by
Zhang Shuyin and Liu Fengmei
Seller's Agent
Teddianne Sherman
Buyer's Agent
Yuhong Wan
U-HOME REALTY LLC
List Price
$540,990
Sold Price
$541,990
Premium/Discount to List
$1,000
0.18%
Current Estimated Value
$529,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,295
Avg. Annual Appreciation
0.11%
Original Mortgage
$379,393
Outstanding Balance
$365,618
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$178,082
Source: Public Records

Range of Values:

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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
Zhang Shuyin $541,990 Dhi Title Of Florida
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Shuyin $379,393
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2022 12/19/22 Rented $3,150 0.0% --
09/12/2022 09/12/22 For Rent $3,150 0.0% --
08/23/2022 08/23/22 Sold $541,990 -0.7% $296 / Sq Ft
01/23/2022 01/23/22 Pending -- -- --
01/19/2022 01/19/22 Price Changed $545,990 +0.9% $299 / Sq Ft
01/12/2022 01/12/22 For Sale $540,990 -- $296 / 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 $5,489 $410,800 $115,800 $295,000
2023 $5,489 $428,100 $109,000 $319,100
2022 $1,519 $127,500 $127,500 $0
2021 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Teddianne Sherman

  • Y

    Landlord's Agent in 2022

    Yuhong Wan

    U-HOME REALTY LLC

    (941) 726-3736

    6 in this area

    36 Total Sales

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Map

Source: Stellar MLS

MLS Number: A4547097

Stellar MLS

APN: 0139-15-0240

Florida Sarasota County Sarasota 34238

12792 Lateral Root Dr, Sarasota, FL

This home is located at 12792 Lateral Root Dr, Sarasota, FL 34238 since 12 September 2022 and is currently priced at $523,574. This property was built in 2022. 12792 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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