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16168 Lotus Way

16168 Lotus Way, Punta Gorda, FL 33982
Property in Punta Gorda
Sold Sep 30, 2021
$338,000
$337,995 by Lennar Mortgage Llc
Mortgage Due Oct 01, 2051
Sold Dec 15, 2020
$574,600
16168 Lotus Way in Punta Gorda, FL was first built in 2021 and is 3 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 16168 Lotus Way has 1,857 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 7,136 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of composition shingle. For those who need parking, there is a attached garage. The garage is 420 sqft. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 16168 Lotus Way sold most recently in Sep 29, 2021 for a total of $338,000. If you work out the math, that's approximately a cost of $130.86 per sqft. Before that, the property was also sold for $574,600 in Dec 1, 2020. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $6,892 in taxes each year. 16168 Lotus Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $327,171. If we break it down further, the land itself was valued at $51,850. Improvements to the property, however, were assessed at a total of $275,321. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 420
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,136
  • Total Building Area: 2,583
  • Gross Building Area: 2,583
  • Building Area: 1,857
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,857
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BABCOCK RANCH PHASE 1B1
  • Land Acres: 0.163
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BABCOCK RANCH PHASE 1B1 LOT 342 4677/989 4850/598

Ownership

  • Current Owner : CHOW GREGORY S
  • Current Owner 2: CHOW KIMBERLY
  • Previous Owner : LENNAR HOMES LLC
  • Owner Before Previous Owner: BABCOCK PROPERTY HOLDINGS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Charlotte County School District
  • Census Tract: 010100

Zoning

  • Zoning: BOZD

Geography

  • Assessors Map Reference: 8C01S
  • Parcel: 422629308013
  • Lot: 342
  • Meridian: SEC 29 TWN 42S RNG 26E
  • Latitude: 26.7894
  • Longitude: -81.7346

    Address

  • Full Address: 16168 Lotus Way
  • Address - House Number: 16168
  • Address - Street Name: Lotus
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Punta Gorda
  • Carrier Code: H066
  • 4-Digit Zip Code: 6023
  • Zip Code: 33982

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,892
  • Tax Rate Code Area: 206

    Appraisal Valuation

  • Standard Deviation: 0.2293
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 68
  • Final Value: 511,510
  • High Value: 628,810
  • Low Value: 394,211

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $380,295
  • First Open Lien Mortgage Lender: LENNAR MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Sep 30, 2021
  • First Open Lien Mortgage Loan Amount: $337,995
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051
  • Second Open Lien Mortgage Lender: CITIZENS BANK, N.A.
  • Second Open Lien Mortgage Recording Date: Oct 24, 2023
  • Second Open Lien Mortgage Loan Amount: $42,300
  • Second Open Lien Mortgage Term: 299
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Oct 19, 2048

    Market Valuation

  • Market Total Value: $327,171
  • Market Land Value: $51,850
  • Market Improvement Value: $275,321

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $327,171
  • Assessed Land Value: $51,850
  • Assessed Improvements Value: $275,321

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 29, 2021
  • Current Sale Recording Date: Sep 30, 2021
  • Current Sale Transaction ID: 11858586654
  • Current Sale Price: $338,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 3003892
  • Previous Sale Recording Date: Dec 15, 2020
  • Previous Sale Contract Date: Dec 01, 2020
  • Previous Sale Amount: $574,600
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LENNAR MORTGAGE LLC
  • First Mortgage Transaction Date: Sep 30, 2021
  • First Mortgage Loan Amount: $337,995
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Oct 01, 2051

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Frequently Asked Questions

What neighborhood is 16168 Lotus Way located in?
The 16168 Lotus Way is a located in the neighborhood of Punta Gorda in Charlotte, Punta Gorda.
What is the average sales price for listings in 16168 Lotus Way?
The average sales price for units in 16168 Lotus Way is $0 currently.

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