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1331 Somersby Lane

1331 Somersby Lane, Matthews, NC 28105
Property in Mecklenburg
Sold Aug 17, 2012
$160,000
$287,000 by Charlotte Metro Federal Credit
Mortgage Due Aug 01, 2052
Sold Oct 03, 2005
$168,000
$134,400 by First Magnus Financial Corp
Mortgage Due Oct 01, 2035
Local assessors in Matthews, NC have categorized 1331 Somersby Lane as a residential type of property. The home was built in 1985 and is 39 years old. The property's lot size has been calculated to be 16,553 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 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 2 full bathrooms. There are also 3 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 1331 Somersby Lane has a total of 1,617 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 453 sqft. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 - C. The building has a gable style roof that was made of asphalt. Lots of materials we are unsure of were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 1331 Somersby Lane was last sold in Aug 16, 2012 for $160,000. According to our calculations, that's $98.95 per sqft. Prior to that sales transaction, the property was sold for $168,000 in Sep 14, 2005. Current property owners are expected to pay $2,361 in taxes per year. The property on 1331 Somersby Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $370,100. To break that down further, the land itself was valued at $104,500. While improvements to the property were assessed at a total of $265,600. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Unknown
  • Exterior Walls Type: Other
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 453
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 16,553
  • Total Building Area: 1,617
  • Gross Building Area: 1,617
  • Building Area: 1,617
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,617
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOMERSBY
  • Land Acres: 0.38
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L12 B3 M20-650

Ownership

  • Current Owner : ROSENBAUM JESSICA
  • Previous Owner : ROBERTS JEFFREY A
  • Previous Owner 2: ROBERTS TELESA T
  • Owner Before Previous Owner: TURNER JAMES N
  • Owner Before Previous Owner 2: TURNER PEGGY GREENE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: MATTHEWS
  • Census Tract: 005833

Zoning

  • Zoning: R-15

Geography

  • Assessors Map Reference: 227-28
  • District: 5
  • Parcel: 227-282-12
  • Block: 3
  • Lot: 12
  • Municipality: MATTHEWS
  • Latitude: 35.1031
  • Longitude: -80.7518

    Address

  • Full Address: 1331 Somersby Ln
  • Address - House Number: 1331
  • Address - Street Name: Somersby
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Matthews
  • Carrier Code: R023
  • 4-Digit Zip Code: 1575
  • Zip Code: 28105

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,361
  • Tax Rate Code Area: 19

    Appraisal Valuation

  • Standard Deviation: 0.1845
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 75
  • Final Value: 434,394
  • High Value: 514,546
  • Low Value: 354,243

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $287,000
  • First Open Lien Mortgage Lender: CHARLOTTE METRO FEDERAL CREDIT
  • First Open Lien Mortgage Recording Date: Jul 25, 2022
  • First Open Lien Mortgage Loan Amount: $287,000
  • 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: Aug 01, 2052

    Market Valuation

  • Market Total Value: $370,100
  • Market Land Value: $104,500
  • Market Improvement Value: $265,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $370,100
  • Assessed Land Value: $104,500
  • Assessed Improvements Value: $265,600

    Sales

  • Current Sale Contract Date: Aug 16, 2012
  • Current Sale Recording Date: Aug 17, 2012
  • Current Sale Transaction ID: 1002147334
  • Current Sale Price: $160,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2012114479
  • Previous Sale Recording Date: Oct 03, 2005
  • Previous Sale Contract Date: Sep 14, 2005
  • Previous Sale Amount: $168,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF NORTH CAROLINA
  • First Mortgage Transaction Date: Aug 17, 2012
  • First Mortgage Loan Amount: $152,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2042

    Previous Mortgages

  • Previous Mortgage Lender: FIRST MAGNUS FINANCIAL CORP
  • Previous Mortgage Transaction Date: Oct 03, 2005
  • Previous Mortgage Loan Amount: $134,400
  • Previous Mortgage Term: 360
  • Previous 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.)
  • Previous Mortgage Loan Due Date: Oct 01, 2035

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Frequently Asked Questions

What neighborhood is 1331 Somersby Lane located in?
The 1331 Somersby Lane is a located in the neighborhood of Mecklenburg in Matthews, Matthews.
What is the average sales price for listings in 1331 Somersby Lane?
The average sales price for units in 1331 Somersby Lane is $0 currently.

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