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5861 Palmer Ranch Parkway

5861 Palmer Ranch Parkway, Sarasota, FL 34238
Property in Palmer Ranch
Sold Dec 09, 2016
$660,000
$495,000 by Bank Of America Na
Mortgage Due Jan 01, 2047
Sold Oct 21, 2014
$549,600
$500,751 by Taylor Morrison Home Funding L
Mortgage Due Nov 01, 2044
Local assessors in Sarasota, FL have categorized 5861 Palmer Ranch Parkway as a residential type of property. The home was built in 2014 and is 10 years old. The property's lot size has been calculated to be 8,845 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5861 Palmer Ranch Parkway has a total of 4,087 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 683 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B-. The building has a hip style roof that was made of asphalt. Lots of stucco were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. The property was last sold in Dec 2, 2016 for $660,000. That's $138.36 per sqft. Prior to that sales transaction, the property was also sold in Oct 17, 2010 for $549,600. 5861 Palmer Ranch Parkway was last assessed in 2023. The total value of the property was assessed at $528,366. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $6,555. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: Average
  • Building Quality: B-
  • Construction Type: Masonry
  • 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: 683
  • Parking Space Count: 2
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 8,845
  • Total Building Area: 4,770
  • Gross Building Area: 4,770
  • Building Area: 4,087
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,087
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: ARBOR LAKES ON PALMER RANCH
  • Land Acres: 0.203
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 253, ARBOR LAKES ON PALMER RANCH PH 1

Ownership

  • Current Owner : MCCARTHY TIMOTHY J
  • Current Owner 2: MCCARTHY ALISON A
  • Previous Owner : GOBORA NICHOLAS N
  • Previous Owner 2: GOBORA KARA K
  • Owner Before Previous Owner: TAYLOR MORRISON OF FLORIDA INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: A055 F052 G054
  • Census Tract: 002013

Zoning

  • Zoning: RSF1

Geography

  • Account Number: 0117100017
  • Subdivision Phase Number: 1
  • Subdivision Tract Number: 3146
  • Parcel: 0117-10-0017
  • Block: 4
  • Lot: 253
  • Meridian: SEC 24 TWN 37S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2501
  • Longitude: -82.4531

    Address

  • Full Address: 5861 Palmer Ranch Pkwy
  • Address - House Number: 5861
  • Address - Street Name: Palmer Ranch
  • Address - Suffix Type: Pkwy
  • State: FL
  • City Name: Sarasota
  • Carrier Code: R012
  • 4-Digit Zip Code: 5128
  • Zip Code: 34238

Valuation

    Tax

  • Total Area: 5,321
  • Tax Year: 2023
  • Tax Amount: $6,555
  • Tax Rate Code Area: 0100

    Appraisal Valuation

  • Standard Deviation: 0.1882
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 75
  • Final Value: 1,156,922
  • High Value: 1,374,710
  • Low Value: 939,135

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $495,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Dec 09, 2016
  • First Open Lien Mortgage Loan Amount: $495,000
  • 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: Jan 01, 2047

    Market Valuation

  • Market Total Value: $835,100
  • Market Land Value: $197,500
  • Market Improvement Value: $637,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $528,366

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 02, 2016
  • Current Sale Recording Date: Dec 09, 2016
  • Current Sale Transaction ID: 1884648657
  • Current Sale Price: $660,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2016152135
  • Previous Sale Recording Date: Oct 21, 2014
  • Previous Sale Contract Date: Oct 17, 2010
  • Previous Sale Amount: $549,600
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Dec 09, 2016
  • First Mortgage Loan Amount: $495,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: TAYLOR MORRISON HOME FUNDING L
  • Previous Mortgage Transaction Date: Oct 21, 2014
  • Previous Mortgage Loan Amount: $500,751
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Nov 01, 2044

About Palmer Ranch



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Frequently Asked Questions

What neighborhood is 5861 Palmer Ranch Parkway located in?
The 5861 Palmer Ranch Parkway is a located in the neighborhood of Palmer Ranch in Palmer Ranch, Sarasota.
What is the average sales price for listings in 5861 Palmer Ranch Parkway?
The average sales price for units in 5861 Palmer Ranch Parkway is $0 currently.

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