NOT LISTED FOR SALE

8498 Frangipani Terrace Lakewood Ranch, FL 34240

Estimated Value: $438,000 - $520,000

2 Beds
2 Baths
1,524 Sq Ft
$312/Sq Ft Est. Value

Last Sold July 25, 2023

Last sale price $480,000 $315 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,010/month

149 Days on Market

Highlights

  • Fitness Center
  • Under Construction
  • Gated Community
  • Tatum Ridge Elementary School Rated A-
  • Fishing
  • Clubhouse

About This Home

As of July 2023

Under Construction. The Tidewater two-bedroom, two-bath twin villa home designed by Neal Communities features a spacious layout with open living areas. The home includes an open great room, dining area and well-appointed kitchen with island. A den offers the perfect space for a home office, while a covered lanai at the back of the home provides a lovely space for enjoying the outdoors. The master suite bedroom includes the option of a window or door to the lanai. The suite also features two closets and a bath with dual sink vanities, walk-in shower and private water closet. A walk-in closet and proximity to a full bath makes the second bedroom a great guest room. This home is an excellent choice for a small family, individual or as a secondary vacation home.

Last Agent to Sell the Property

MaryAnn Koops

NEAL COMMUNITIES REALTY, INC. License #437591 Listed on: 01/27/2023

Last Buyer's Agent

AMY Fisher

DALTON WADE INC License #3242476

DALTON WADE INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $689

Year Built

  • Built in 2023 | Under Construction

Lot Details

  • 6,824 Sq Ft Lot
  • South Facing Home
  • Corner Lot
  • Irrigation
  • Property is zoned VPD

HOA Fees

  • $231 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Florida Architecture
  • Villa
  • Block Foundation
  • Tile Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • 1,524 Sq Ft Home
  • Coffered Ceiling
  • Tray Ceiling
  • Great Room
  • Den

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms

Home Security

  • Smart Home
  • Hurricane or Storm Shutters

Outdoor Features

  • Rain Gutters

Schools

  • Tatum Ridge Elementary School
  • Mcintosh Middle School
  • Booker High School

Utilities

  • Central Air
  • Heat Pump System
  • Thermostat
  • Natural Gas Connected
  • Gas Water Heater
  • Fiber Optics Available

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Visit Down Payment Resource Website
  • Tax Lot 58
  • Assessor Parcel Number 0208100058
  • $1,747 per year additional tax assessments

Community Details

Overview

  • Association fees include pool, maintenance structure, ground maintenance, private road, recreational facilities
  • Castle Group/Sabrina Traeger Association, Phone Number (941) 278-8740
  • Built by Neal Communities
  • Windward At Lakewood Ranch Subdivision, Tidewater Floorplan
  • On-Site Maintenance
  • The community has rules related to deed restrictions, fencing, vehicle restrictions

Amenities

  • Clubhouse
  • Community Mailbox

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa
  • Fishing
  • Trails

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$689

Year Built

Built in 2023 | Under Construction

Lot Details

0

HOA Fees

$231 per month

Parking

2

Listing Details

  • HOA Fee Includes: Pool, Maintenance Structure, Maintenance Grounds, Pool, Private Road, Recreational Facilities
  • Property Type: Residential
  • Property Condition: Under Construction
  • Property Sub Type: Villa
  • Architectural Style: Florida
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 1524
  • Lot Size Acres: 0.15
  • New Construction: Yes
  • Year Built: 2023
  • Building Area Total: 1524
  • Lot Size Sq Ft: 6824
  • Directions to Property: From I-75: Take Exit 210 to Fruitville Road heading East. Travel 4 miles to Lorraine Road and turn left. Head north on Lorraine and Windward will be on the left.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Builder
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046559
  • Minimum Lease: 6 Months
  • RATIO Current Price By Calculate: 314.96
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • Permit Number: 22 135383 00 RT
  • Tax Year: 2022
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile, Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Coffered Ceiling(s), Eat-in Kitchen, Smart Home, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Gas Water Heater, Microwave, Range, Refrigerator
  • Foundation Details: Block
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: No
  • Street Number Modifier: 8498
  • ResoLivingAreaSource: Builder
  • Living Area Meters: 141.58
  • Room Count: 5

Exterior Features

  • Direction Faces: South
  • Pool Features: Other
  • Exterior Features: Hurricane Shutters, Irrigation System, Rain Gutters, Sidewalk
  • Roof: Tile
  • Home Warranty: Yes
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Projected Completion Date: 2023-07-28T00:00:00.000

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected, Fiber Optics, Natural Gas Connected, Public, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Electric, Heat Pump
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Community Mailbox, Deed Restrictions, Fishing, Fitness Center, Gated, Playground, Pool, Sidewalks, Tennis Courts
  • Association Amenities: Clubhouse, Fence Restrictions, Fitness Center, Gated, Maintenance, Pickleball Court(s), Playground, Pool, Recreation Facilities, Spa/Hot Tub, Tennis Court(s), Trail(s), Vehicle Restrictions
  • Association Fee: 231
  • Association Fee Frequency: Monthly
  • Association Name: Castle Group/Sabrina Traeger
  • Phone: 941-278-8740
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: Reasonable number of domestic pets
  • Association Fee Requirement: Required
  • Association Email: straeger@castlegroup.com

Fee Information

  • Total Annual Fees: 2772.00
  • Total Monthly Fees: 231.00
  • Monthly HOA Amount: 231.00

Schools

  • Elementary School: Tatum Ridge Elementary
  • High School: Booker High
  • Middle Or Junior School: McIntosh Middle

Lot Info

  • Zoning: VPD
  • Parcel Number: 0208100058
  • Additional Parcels: No
  • Lot Features: Corner Lot
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 634

Green Features

  • Green Verification Count: 0

Building Info

  • Builder Name: Neal Communities

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Minimum 6 month lease

Tax Info

  • Tax Annual Amount: 689.45
  • Tax Book Number: 54/301-324
  • Tax Lot: 58
  • Tax Other Annual Assessment Amount: 1747

Multi Family

  • Approval Process: Per HOA rules and regulations

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2023
Closed on
Jul 25, 2023
Sold by
Neal Communities Of Southwest Florida Ll
Bought by
Underwood Family Living Trust and Underwood
Seller's Agent
MaryAnn Koops
NEAL COMMUNITIES REALTY, INC.
Buyer's Agent
AMY Fisher
DALTON WADE INC
List Price
$524,990
Sold Price
$480,000
Premium/Discount to List
-$44,990
-8.57%
Views
26
Current Estimated Value
$475,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,845
Avg. Annual Appreciation
-0.49%
Original Mortgage
$100,000
Outstanding Balance
$97,770
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$377,385
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
Underwood Family Living Trust $480,000 Allegiant Title Professionals
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Underwood Family Living Trust $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2023 07/25/23 Sold $480,000 -2.8% $315 / Sq Ft
06/26/2023 06/26/23 Pending -- -- --
04/25/2023 04/25/23 Price Changed $493,990 -16.8% $324 / Sq Ft
04/21/2023 04/21/23 Price Changed $593,990 +13.1% $390 / Sq Ft
01/27/2023 01/27/23 For Sale $524,990 -- $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 $2,284 $286,686 -- --
2023 $2,284 $61,000 $61,000 $0
2022 $718 $59,000 $59,000 $0
2021 $998 $80,100 $80,100 $0
Source: Public Records

Agents Affiliated with this Home

  • MaryAnn Koops

    Seller's Agent in 2023

    MaryAnn Koops

    NEAL COMMUNITIES REALTY, INC.

    (941) 504-6003

    190 Total Sales

    MaryAnn Koops
    Section Image
  • AMY Fisher

    Buyer's Agent in 2023

    AMY Fisher

    DALTON WADE INC

    (813) 382-1021

    19 Total Sales

    AMY Fisher
    Section Image
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Map

Source: Stellar MLS

MLS Number: T3425616

Stellar MLS

APN: 0208-10-0058

Florida Sarasota County Lakewood Ranch 34240

8498 Frangipani Terrace, Lakewood Ranch, FL

This home is located at 8498 Frangipani Terrace, Lakewood Ranch, FL 34240 since 27 January 2023 and is currently estimated at $475,155, approximately $311 per square foot. This property was built in 2023. 8498 Frangipani Terrace is a home located in Sarasota County with nearby schools including Tatum Ridge Elementary School, McIntosh Middle School, and Booker 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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