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402 Arcadia Lakes Drive

402 Arcadia Lakes Drive, The Villages, FL 32162
Property in Wildwood
Sold Dec 19, 2005
$277,500
$180,000 by Citizens First Wholesale Mortg
Mortgage Due Dec 01, 2035
402 Arcadia Lakes Drive has been categorized by the local assessors in The Villages, FL as a residential type of property. The building on the property was first built in 2005 and is 19 years old. In addition, 402 Arcadia Lakes Drive has 1,927 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 9,675 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a custom style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 584 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of block. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 402 Arcadia Lakes Drive was last sold in Nov 21, 2005 for $277,500. According to our calculations, that's $110.51 per sqft. Current property owners are expected to pay $3,883 in taxes per year. The property on 402 Arcadia Lakes Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $263,260. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Custom
  • Exterior Walls Type: Block
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 584
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,675
  • Total Building Area: 2,511
  • Gross Building Area: 2,763
  • Building Area: 1,927
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,927
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE VILLAGES OF SUMTER
  • Land Acres: 0.222
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 163 THE VILLAGES OF SUMTER UNIT NO. 101 PB 7 PG 37-37C

Ownership

  • Current Owner : BANKS THOMAS T
  • Current Owner 2: BANKS SHARON R
  • Previous Owner : THE VILLAGES OF LAKE SUMTER INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Life Estate

Neighborhood

  • School District Name: Sumter County School District
  • Census Tract: 911203

Geography

  • Parcel: D16T163
  • Lot: 163
  • Meridian: SEC 16 TWN 18S RNG 23E
  • Municipality: SUMTER COUNTY
  • Latitude: 28.9239
  • Longitude: -82.0085

    Address

  • Full Address: 402 Arcadia Lakes Dr
  • Address - House Number: 402
  • Address - Street Name: Arcadia Lakes
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: The Villages
  • Carrier Code: H065
  • 4-Digit Zip Code: 1200
  • Zip Code: 32162

Valuation

    Tax

  • Total Area: 2,466
  • Tax Year: 2023
  • Tax Amount: $3,883
  • Tax Rate Code Area: 5010

    Appraisal Valuation

  • Standard Deviation: 0.1482
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 547,992
  • High Value: 629,232
  • Low Value: 466,753

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $255,000
  • First Open Lien Mortgage Lender: CITIZENS FIRST WHOLESALE MORTG
  • First Open Lien Mortgage Recording Date: Dec 19, 2005
  • First Open Lien Mortgage Loan Amount: $180,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2035
  • Second Open Lien Mortgage Lender: BANK OF AMERICA NA
  • Second Open Lien Mortgage Recording Date: Sep 11, 2006
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $75,000
  • Second Open Lien Mortgage Term: 297
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jul 21, 2031

    Market Valuation

  • Market Total Value: $426,730
  • Market Land Value: $38,700
  • Market Improvement Value: $388,030

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $263,260

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 21, 2005
  • Current Sale Recording Date: Dec 19, 2005
  • Current Sale Transaction ID: 1167987758
  • Current Sale Price: $277,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2005-45077

    Last Sale Mortgage

  • First Mortgage Lender: CITIZENS FIRST WHOLESALE MORTG
  • First Mortgage Transaction Date: Dec 19, 2005
  • First Mortgage Loan Amount: $180,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • First Mortgage Loan Due Date: Dec 01, 2035

About The Villages



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Frequently Asked Questions

What neighborhood is 402 Arcadia Lakes Drive located in?
The 402 Arcadia Lakes Drive is a located in the neighborhood of Wildwood in The Villages, The Villages.
What is the average sales price for listings in 402 Arcadia Lakes Drive?
The average sales price for units in 402 Arcadia Lakes Drive is $0 currently.

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