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5508 Twilight Grey Lane

5508 Twilight Grey Lane, Sarasota, FL 34240
Property in Palmer Farms
Sold May 04, 2021
$315,500
$252,400 by Fairway Funding Group Inc
Mortgage Due Jun 01, 2051
Sold Jun 29, 2018
$244,990
$164,900 by Lendus Llc
Mortgage Due Jul 01, 2048
5508 Twilight Grey Lane in Sarasota, FL was first built in 2018 and is 6 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a duplex style. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 5508 Twilight Grey Lane has 1,567 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 2,415 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a hip style roof made of asphalt. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 240 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 stucco. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. 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 central heating system. 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, 5508 Twilight Grey Lane was last sold in Apr 29, 2021 for $315,500. According to our calculations, that's $174.60 per sqft. Prior to that sales transaction, the property was sold for $244,990 in Jun 28, 2018. Current property owners are expected to pay $4,259 in taxes per year. The property on 5508 Twilight Grey Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $328,400. To break that down further, the land itself was valued at $102,400. While improvements to the property were assessed at a total of $226,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 1
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Duplex
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 240
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,415
  • Total Building Area: 1,807
  • Gross Building Area: 1,991
  • Building Area: 1,567
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,567
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BAYTOWN SQUARE
  • Land Acres: 0.055
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 33, BAYTOWN SQUARE PB 50 PG 23

Ownership

  • Current Owner : MASON SCOTT H
  • Current Owner 2: MASON CHERIE L
  • Previous Owner : HERMANSON HERBERT G
  • Previous Owner 2: BAI JING
  • Owner Before Previous Owner: D R HORTON INC

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: A055 F052 G054
  • Census Tract: 001405

Zoning

  • Zoning: RMF2

Geography

  • Account Number: 0240030073
  • Parcel: 0240-03-0073
  • Block: 1
  • Lot: 33
  • Meridian: SEC 31 TWN 36S RNG 19E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.3051
  • Longitude: -82.4392

    Address

  • Full Address: 5508 Twilight Grey Ln
  • Address - House Number: 5508
  • Address - Street Name: Twilight Grey
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Sarasota
  • Carrier Code: R028
  • 4-Digit Zip Code: 2221
  • Zip Code: 34240

Valuation

    Tax

  • Total Area: 2,052
  • Tax Year: 2023
  • Tax Amount: $4,259
  • Tax Rate Code Area: 0100

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 431,586
  • High Value: 513,700
  • Low Value: 349,471

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $252,400
  • First Open Lien Mortgage Lender: FAIRWAY FUNDING GROUP INC
  • First Open Lien Mortgage Recording Date: May 04, 2021
  • First Open Lien Mortgage Loan Amount: $252,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $328,400
  • Market Land Value: $102,400
  • Market Improvement Value: $226,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $328,400
  • Assessed Land Value: $102,400
  • Assessed Improvements Value: $226,000

    Sales

  • Current Sale Contract Date: Apr 29, 2021
  • Current Sale Recording Date: May 04, 2021
  • Current Sale Transaction ID: 11834125800
  • Current Sale Price: $315,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021083024
  • Previous Sale Recording Date: Jun 29, 2018
  • Previous Sale Contract Date: Jun 28, 2018
  • Previous Sale Amount: $244,990
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY FUNDING GROUP INC
  • First Mortgage Transaction Date: May 04, 2021
  • First Mortgage Loan Amount: $252,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: LENDUS LLC
  • Previous Mortgage Transaction Date: Jun 29, 2018
  • Previous Mortgage Loan Amount: $164,900
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2048

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Frequently Asked Questions

What neighborhood is 5508 Twilight Grey Lane located in?
The 5508 Twilight Grey Lane is a located in the neighborhood of Palmer Farms in Palmer Farms, Sarasota.
What is the average sales price for listings in 5508 Twilight Grey Lane?
The average sales price for units in 5508 Twilight Grey Lane is $0 currently.

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