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196 Richmond Court

196 Richmond Court, Marco Island, FL 34145
Sold Apr 28, 2021
$1,120,000
$896,000 by Bank & Trust Co
Mortgage Due Mar 23, 2041
196 Richmond Court in Marco Island, FL was first built in 1992 and is 32 years old. This has been categorized as a residential property type. 196 Richmond Court has 2,045 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. The linear feet across the front of the lot is 1,160 ft and the linear feet between the front and back of the lot is 1,150. In total, the area measurement of the land is 12,197 square feet.

Learn more about the property and building on this page. There is a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. 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. 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, 196 Richmond Court sold most recently in Mar 23, 2021 for a total of $1,120,000. If you work out the math, that's approximately a cost of $547.68 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $12,336 in taxes each year. 196 Richmond Court was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $1,193,810. If we break it down further, the land itself was valued at $793,515. Improvements to the property, however, were assessed at a total of $400,295. 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.

Building Features

Exterior

Block Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: C
  • Construction Type: Masonry
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 12,197
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 1,160
  • Total Building Area: 2,045
  • Gross Building Area: 2,045
  • Building Area: 2,045
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,045
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MARCO BEACH UNIT 8
  • Land Acres: 0.28
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MARCO BCH UNIT 8 BLK 278 LOT 7 OR 1377 PG 1505

Ownership

  • Current Owner : LOMAN PROPERTIES LLC
  • Previous Owner : PELLETIER CAROL A
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Collier County School District
  • School Tax School District: DISTRICT 1
  • Census Tract: 010907

Zoning

  • Zoning: MARCO

Geography

  • Assessors Map Reference: 7B16
  • Subdivision Tract Number: 776700
  • Parcel: 57735760008
  • Block: 278
  • Lot: 7
  • Meridian: SEC 16 TWN 52 RNG 26
  • Municipality: CITY OF MARCO ISLAND
  • Latitude: 25.933
  • Longitude: -81.7053

    Address

  • Full Address: 196 Richmond Ct
  • Legal Unit: 8
  • Address - House Number: 196
  • Address - Street Name: Richmond
  • Address - Suffix Type: Ct
  • State: FL
  • City Name: Marco Island
  • Carrier Code: C013
  • 4-Digit Zip Code: 5110
  • Zip Code: 34145

Valuation

    Tax

  • Total Area: 2,481
  • Tax Year: 2022
  • Tax Amount: $12,336
  • Tax Rate Code Area: 58

    Appraisal Valuation

  • Standard Deviation: 0.2461
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 65
  • Final Value: 1,848,933
  • High Value: 2,304,051
  • Low Value: 1,393,815

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $896,000
  • First Open Lien Mortgage Lender: BANK & TRUST CO
  • First Open Lien Mortgage Recording Date: Apr 28, 2021
  • First Open Lien Mortgage Loan Amount: $896,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Mar 23, 2041

    Market Valuation

  • Market Total Value: $1,193,810
  • Market Land Value: $793,515
  • Market Improvement Value: $400,295

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,193,810
  • Assessed Land Value: $793,515
  • Assessed Improvements Value: $400,295

    Sales

  • Current Sale Contract Date: Mar 23, 2021
  • Current Sale Recording Date: Apr 28, 2021
  • Current Sale Transaction ID: 11833129464
  • Current Sale Price: $1,120,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 6047776

    Last Sale Mortgage

  • First Mortgage Lender: BANK & TRUST CO
  • First Mortgage Transaction Date: Apr 28, 2021
  • First Mortgage Loan Amount: $896,000
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Mar 23, 2041

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Frequently Asked Questions

What neighborhood is 196 Richmond Court located in?
The 196 Richmond Court is a house located in the neighborhood of Marco Island in Marco Island, Marco Island.
What is the average sales price for listings in 196 Richmond Court?
The average sales price for units in 196 Richmond Court is $0 currently.

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