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303 Somerset Drive

303 Somerset Drive, Raeford, NC 28376
Property in Hoke
Sold Oct 18, 2016
$169,500
$141,941 by Ovm Financial Inc
Mortgage Due Nov 01, 2046
Sold Nov 02, 2007
$179,000
$184,800 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2037
303 Somerset Drive in Raeford, NC was first built in 2003 and is 21 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a colonial style. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 303 Somerset Drive has 2,127 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 900 ft and the linear feet between the front and back of the lot is 1,800. In total, the area measurement of the land is 16,200 square feet.

Learn more about the property and building on this page. There is a covered porch. For those who need parking, there is a attached garage. The garage is 588 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as good. As for heating, the home is utilizing a heat pump and being fueled with electricity. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 303 Somerset Drive was last sold in Oct 15, 2016 for $169,500. According to our calculations, that's $79.69 per sqft. Prior to that sales transaction, the property was sold for $179,000 in Oct 1, 2007. Current property owners are expected to pay $1,792 in taxes per year. The property on 303 Somerset Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $205,170. To break that down further, the land itself was valued at $33,000. While improvements to the property were assessed at a total of $172,170. 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. 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. 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: 2003
  • Effective Year Built: 2003
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Colonial
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 588
  • Parking Space Count: 2
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 16,200
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 900
  • Total Building Area: 2,127
  • Building Area: 2,127
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Heat pump
  • Heated Square Feet: 2,127
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOMERSET
  • Land Acres: 0.371
  • Standard Land Use Code: Single family residential
  • Legal Description 1: #29 SOMERSET II 2-91/8 NEW HOUSE FOR 2004 ADDITION WD FOR 1-08

Ownership

  • Current Owner : MARWITZ DEYCENIA N
  • Current Owner 2: LEONARD ROBERT A
  • Previous Owner : MCLAURIN GEORGE
  • Previous Owner 2: MCLAURIN SIMONE
  • Owner Before Previous Owner: COWAN STEVEN
  • Owner Before Previous Owner 2: COWAN KIRSTIEMA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hoke County Schools
  • School Tax School District: PUPPY CREEK
  • Census Tract: 970104

Geography

  • Account Number: 237983
  • District: 4
  • Parcel: 494560201187
  • Municipality: MCLAUCHLIN
  • Latitude: 35.0416
  • Longitude: -79.1449

    Address

  • Full Address: 303 Somerset Dr
  • Address - House Number: 303
  • Address - Street Name: Somerset
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raeford
  • Carrier Code: R014
  • 4-Digit Zip Code: 5437
  • Zip Code: 28376

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,792
  • Tax Rate Code Area: MCLAUCHLIN

    Appraisal Valuation

  • Standard Deviation: 0.1413
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 83
  • Final Value: 289,863
  • High Value: 330,845
  • Low Value: 248,882

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $141,941
  • First Open Lien Mortgage Lender: OVM FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Oct 18, 2016
  • First Open Lien Mortgage Loan Amount: $141,941
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2046

    Market Valuation

  • Market Total Value: $205,170
  • Market Land Value: $33,000
  • Market Improvement Value: $172,170

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $205,170
  • Assessed Land Value: $33,000
  • Assessed Improvements Value: $172,170

    Sales

  • Current Sale Contract Date: Oct 15, 2016
  • Current Sale Recording Date: Oct 18, 2016
  • Current Sale Transaction ID: 1827102511
  • Current Sale Price: $169,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 06343
  • Previous Sale Recording Date: Nov 02, 2007
  • Previous Sale Contract Date: Oct 01, 2007
  • Previous Sale Amount: $179,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: OVM FINANCIAL INC
  • First Mortgage Transaction Date: Oct 18, 2016
  • First Mortgage Loan Amount: $141,941
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Nov 02, 2007
  • Previous Mortgage Loan Amount: $184,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Nov 01, 2037

About Hoke



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Frequently Asked Questions

What neighborhood is 303 Somerset Drive located in?
The 303 Somerset Drive is a located in the neighborhood of Hoke in Hoke, Raeford.
What is the average sales price for listings in 303 Somerset Drive?
The average sales price for units in 303 Somerset Drive is $0 currently.

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