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7402 Castle Drive

7402 Castle Drive, Sarasota, FL 34240
Property in Racimo Ranches
Sold Jun 17, 2022
$1,050,000
$630,000 by Northpointe Bank
Mortgage Due Jul 01, 2052
Sold Aug 14, 2018
$187,500
7402 Castle Drive has been categorized by the local assessors in Sarasota, FL as a residential type of property. The building on the property was first built in 1979 and is 45 years old. However, we must point out that the home was most recently renovated and altered in 2009. The home has a total of 10 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7402 Castle Drive has 3,489 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 87,730 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily 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 463 sqft. According to our sources, there are a total of 9 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. 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 masonry 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 building has a hip style roof made of asphalt. The exterior walls of the building are made of stucco. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a well system. The property is connected to a septic system and not a municipal sewage system. The homeowner of this property will need to handle their own water disposal. The property was last sold in Jun 15, 2022 for $1,050,000. That's $265.69 per sqft. Prior to that sales transaction, the property was also sold in Apr 30, 2018 for $187,500. 7402 Castle Drive was last assessed in 2023. The total value of the property was assessed at $539,769. 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 $6,994. 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. 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.

Building Features

Exterior

Block Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 2009
  • Building Count: 2
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 463
  • Parking Space Count: 9
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 87,730
  • Total Building Area: 3,952
  • Gross Building Area: 5,078
  • Building Area: 3,489
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,489
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: RACIMO RANCHES
  • Land Acres: 2.014
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: LOT 24 RACIMO RANCHES

Ownership

  • Current Owner : FRANKLIN TRAVIS W
  • Current Owner 2: FRANKLIN MELANIE R
  • Previous Owner : KAPINOS PETER J
  • Previous Owner 2: PILKINGTON AUDRA
  • Owner Before Previous Owner: KAPINOS PETER J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: A055 F052 G054
  • Census Tract: 002725

Zoning

  • Zoning: OUE2

Geography

  • Assessors Map Reference: 26B
  • Account Number: 0212020001
  • Subdivision Tract Number: 1926
  • Parcel: 0212-02-0001
  • Lot: 24
  • Meridian: SEC 17 TWN 36S RNG 19E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.3476
  • Longitude: -82.4223

    Address

  • Full Address: 7402 Castle Dr
  • Address - House Number: 7402
  • Address - Street Name: Castle
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sarasota
  • Carrier Code: R048
  • 4-Digit Zip Code: 9514
  • Zip Code: 34240

Valuation

    Tax

  • Total Area: 3,062
  • Tax Year: 2023
  • Tax Amount: $6,994
  • Tax Rate Code Area: 0100

    Appraisal Valuation

  • Standard Deviation: 0.4696
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 6
  • Final Value: 429,348
  • High Value: 630,982
  • Low Value: 227,713

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $840,000
  • First Open Lien Mortgage Lender: NORTHPOINTE BANK
  • First Open Lien Mortgage Recording Date: Jun 17, 2022
  • First Open Lien Mortgage Loan Amount: $630,000
  • 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: Jul 01, 2052
  • Second Open Lien Mortgage Lender: NORTHPOINTE BANK
  • Second Open Lien Mortgage Recording Date: Jun 17, 2022
  • Second Open Lien Mortgage Loan Amount: $210,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Jul 01, 2052

    Market Valuation

  • Market Total Value: $776,400
  • Market Land Value: $306,800
  • Market Improvement Value: $469,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $539,769

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 15, 2022
  • Current Sale Recording Date: Jun 17, 2022
  • Current Sale Transaction ID: 11890244220
  • Current Sale Price: $1,050,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 103088
  • Previous Sale Recording Date: Aug 14, 2018
  • Previous Sale Contract Date: Apr 30, 2018
  • Previous Sale Amount: $187,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NORTHPOINTE BANK
  • First Mortgage Transaction Date: Jun 17, 2022
  • First Mortgage Loan Amount: $630,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2052
  • Second Mortgage Lender: NORTHPOINTE BANK
  • Second Mortgage Transaction Date: Jun 17, 2022
  • Second Mortgage Loan Amount: $210,000
  • Second Mortgage Loan Due Date: Jul 01, 2052

About Racimo Ranches



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Frequently Asked Questions

What neighborhood is 7402 Castle Drive located in?
The 7402 Castle Drive is a located in the neighborhood of Racimo Ranches in Racimo Ranches, Sarasota.
What is the average sales price for listings in 7402 Castle Drive?
The average sales price for units in 7402 Castle Drive is $0 currently.

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