160 Somerset

160 Somerset in Milam, TX was first built in 1999 and is 27 years old. This has been categorized as a property type. 160 Somerset has 1,734 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. The linear feet across the front of the lot is 1,000 ft and the linear feet between the front and back of the lot is 3,050. In total, the area measurement of the land is 24,045 square feet.

Learn more about the property and building on this page. For those who need parking, there is a . The garage is 576 sqft. The condition of the building has been evaluated as . We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 160 Somerset sold most recently in Aug 12, 2020 for a total of $347,820. If you work out the math, that's approximately a cost of $200.59 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $585,974 in taxes each year. 160 Somerset was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $495,070. If we break it down further, the land itself was valued at $53,960. Improvements to the property, however, were assessed at a total of $441,110. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.