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1008 Somerset Road

1008 Somerset Road, Raleigh, NC 27610
Sold May 03, 2019
$286,000
$332,800 by First Community Mortgage Inc
Mortgage Due Mar 01, 2052
Sold Aug 20, 2015
$160,000
$144,000 by Usaa Fsb
Mortgage Due Sep 01, 2045
1008 Somerset Road has been categorized by the local assessors in Raleigh, NC as a residential type of property. The building on the property was first built in 1963 and is 61 years old. However, we must point out that the home was most recently renovated and altered in 2013. Residents will have access to 2 full bathrooms. There are 2 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, 1008 Somerset Road has 1,400 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 10,890 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler 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. 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 brick control joints. The building has a gable style roof. The exterior walls of the building are made of brick. 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 and being fueled with gas. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. The property was last sold in May 3, 2019 for $286,000. That's $204.29 per sqft. Prior to that sales transaction, the property was also sold in Aug 20, 2015 for $160,000. 1008 Somerset Road was last assessed in 2022. The total value of the property was assessed at $286,589. Specifically, the land the property is located on was valued at $115,000. While improvements on the property were assessed at a total of $171,589. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $2,922. 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! 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: 1963
  • Effective Year Built: 2013
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Brick
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,400
  • Building Area: 1,400
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,400
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: ROLLINGWOOD
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LO676 ROLLINGWOOD SE2 BL11 BM1960-00236

Ownership

  • Current Owner : BURFORD JAMES M
  • Previous Owner : SHORES CHRISTOPHER A
  • Previous Owner 2: ARIZZI SHORES ERIN
  • Owner Before Previous Owner: BRENCO CHAD M
  • Owner Before Previous Owner 2: BRENCO CHRISTINE N
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 051900

Zoning

  • Zoning: R-6

Geography

  • Account Number: 0055666
  • District: 01
  • Section: 2
  • Parcel: 1714.16-83-7774 0055666
  • Lot: 676
  • Municipality: RALEIGH
  • Latitude: 35.7929
  • Longitude: -78.5995

    Address

  • Full Address: 1008 Somerset Rd
  • Address - House Number: 1008
  • Address - Street Name: Somerset
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C006
  • 4-Digit Zip Code: 1133
  • Zip Code: 27610

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,922

    Appraisal Valuation

  • Standard Deviation: 0.1333
  • Valuation Date: Aug 31, 2022
  • Confidence Score: 84
  • Final Value: 453,752
  • High Value: 514,265
  • Low Value: 393,238

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $332,800
  • First Open Lien Mortgage Lender: FIRST COMMUNITY MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Feb 08, 2022
  • First Open Lien Mortgage Loan Amount: $332,800
  • 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: Mar 01, 2052

    Market Valuation

  • Market Total Value: $286,589
  • Market Land Value: $115,000
  • Market Improvement Value: $171,589

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $286,589
  • Assessed Land Value: $115,000
  • Assessed Improvements Value: $171,589

    Sales

  • Current Sale Contract Date: May 03, 2019
  • Current Sale Recording Date: May 03, 2019
  • Current Sale Transaction ID: 11607078557
  • Current Sale Price: $286,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Aug 20, 2015
  • Previous Sale Contract Date: Aug 20, 2015
  • Previous Sale Amount: $160,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STEARNS LENDING LLC
  • First Mortgage Transaction Date: May 03, 2019
  • First Mortgage Loan Amount: $228,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: USAA FSB
  • Previous Mortgage Transaction Date: Aug 20, 2015
  • Previous Mortgage Loan Amount: $144,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2045

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Frequently Asked Questions

What neighborhood is 1008 Somerset Road located in?
The 1008 Somerset Road is a house located in the neighborhood of King Charles in East Raleigh, Raleigh.
What is the average sales price for listings in 1008 Somerset Road?
The average sales price for units in 1008 Somerset Road is $0 currently.

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