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3115 Somerset Drive Southeast

3115 Somerset Drive Southeast, Cleveland, TN 37323
Property in Bradley
Sold Mar 13, 2018
$123,000
$109,177 by Bank Of Cleveland
Mortgage Due Apr 01, 2048
Sold Feb 24, 1998
$60,000
$60,000 by Amsouth Bank
Mortgage Due Feb 23, 2028
3115 Somerset Drive Southeast in Cleveland, TN was first built in 1980 and is 44 years old. Although, the building on the property was most recently renovated and altered in 2008. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 3115 Somerset Drive Southeast has 1,028 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 basement is 960 sqft and has been categorized as a full basement. The linear feet across the front of the lot is 1,110 ft and the linear feet between the front and back of the lot is 1,040. In total, the area measurement of the land is 10,816 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable or hip style roof made of composition shingle. Water for the property is sourced from a municipal system. The property is connected to a sewer system. For those who need parking, there is a carport. The garage is 192 sqft. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of unknown. While the interior walls are made of paneling. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. 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. The property was last sold in Mar 7, 2018 for $123,000. That's $61.87 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $60,000. 3115 Somerset Drive Southeast was last assessed in 2022. The total value of the property was assessed at $36,050. Specifically, the land the property is located on was valued at $3,925. While improvements on the property were assessed at a total of $32,125. 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 $641. 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. 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: 1980
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: C
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Full basement
  • Basement Area: 960
  • Garage Type: Carport
  • Garage Square Area: 192
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,816
  • Lot Size Depth Feet: 1,040
  • Lot Size Frontage Feet: 1,110
  • Total Building Area: 1,988
  • Gross Building Area: 1,988
  • Building Area: 1,028
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,028
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MANOR ACRES SEC I
  • Land Acres: 0.248
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MANOR ACRES SEC I PB: 0003 PG: 0220 LOT: 72 LOT 72

Ownership

  • Current Owner : COLE ZACHARY EVAN
  • Current Owner 2: COLE EMILY LUCILLE
  • Previous Owner : BIVENS RANDALL W
  • Previous Owner 2: BEVENS LESA L
  • Owner Before Previous Owner: MCNEILLY MATTHEW G
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bradley County School District
  • Census Tract: 011000

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 065N
  • Account Number: 36529
  • District: 01
  • Section: 220
  • Parcel: 065N-H-002.00
  • Lot: 72
  • Municipality: BRADLEY COUNTY
  • Latitude: 35.1189
  • Longitude: -84.8835

    Address

  • Full Address: 3115 Somerset Dr Se
  • Address - House Number: 3115
  • Street Segment Direction: SE
  • Address - Street Name: Somerset
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Cleveland
  • Carrier Code: C019
  • 4-Digit Zip Code: 0490
  • Zip Code: 37323

Valuation

    Tax

  • Total Area: 1,028
  • Tax Year: 2022
  • Tax Amount: $641
  • Tax Rate Code Area: 06B00

    Appraisal Valuation

  • Standard Deviation: 0.4798
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 4
  • Final Value: 215,266
  • High Value: 318,562
  • Low Value: 111,969

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $124,177
  • First Open Lien Mortgage Lender: BANK OF CLEVELAND
  • First Open Lien Mortgage Recording Date: Mar 13, 2018
  • First Open Lien Mortgage Loan Amount: $109,177
  • 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: Apr 01, 2048
  • Second Open Lien Mortgage Lender: TENNESSEE HOUSING DEVELOPMENT
  • Second Open Lien Mortgage Recording Date: Mar 13, 2018
  • Second Open Lien Mortgage Loan Amount: $15,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Unknown (DEFAULT)

    Market Valuation

  • Market Total Value: $144,200
  • Market Land Value: $15,700
  • Market Improvement Value: $128,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,050
  • Assessed Land Value: $3,925
  • Assessed Improvements Value: $32,125

    Sales

  • Current Sale Contract Date: Mar 07, 2018
  • Current Sale Recording Date: Mar 13, 2018
  • Current Sale Transaction ID: 11435525031
  • Current Sale Price: $123,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 18002943
  • Previous Sale Recording Date: Feb 24, 1998
  • Previous Sale Amount: $60,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF CLEVELAND
  • First Mortgage Transaction Date: Mar 13, 2018
  • First Mortgage Loan Amount: $109,177
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: AMSOUTH BANK
  • Previous Mortgage Transaction Date: Feb 24, 1998
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $60,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Feb 23, 2028

About South Cleveland



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Frequently Asked Questions

What neighborhood is 3115 Somerset Drive Southeast located in?
The 3115 Somerset Drive Southeast is a located in the neighborhood of Bradley in South Cleveland, Cleveland.
What is the average sales price for listings in 3115 Somerset Drive Southeast?
The average sales price for units in 3115 Somerset Drive Southeast is $0 currently.

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