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3125 East Somerset Drive

3125 East Somerset Drive, Spanish Fork, UT 84660
Multifamily in Utah
Sold Oct 27, 2021
$444,400
$355,537 by Caliber Home Loans Inc
Mortgage Due Nov 01, 2051
Sold Nov 04, 2019
$212,400
$169,900 by Security Home Mortgage Llc
Mortgage Due Nov 01, 2049
3125 East Somerset Drive has been categorized by the local assessors in Spanish Fork, UT as a residential type of property. The building on the property was first built in 2004 and is 20 years old. The home has a total of 10 rooms. 6 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 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, 3125 East Somerset Drive has 1,264 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 820 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 1,394 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a a-frame 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. For the features and amenities located on the property. There is a built-in garage for those who require parking. The garage measured 380 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The building has a gable style roof made of shingle (not wood). The exterior walls of the building are made of stucco. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. 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, 3125 East Somerset Drive was last sold in Oct 25, 2021 for $444,400. According to our calculations, that's $351.58 per sqft. Prior to that sales transaction, the property was sold for $212,400 in Oct 30, 2019. Current property owners are expected to pay $2,065 in taxes per year. The property on 3125 East Somerset Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $213,070. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

Building Features

Exterior

Stucco Exterior

Parking

Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C+
  • Building Style: A-frame
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 820
  • Garage Type: Built-in
  • Garage Square Area: 380
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 1,394
  • Total Building Area: 1,264
  • Gross Building Area: 1,264
  • Building Area: 1,264
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,264
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOMERSET VILLAGE PUD PHASE 2
  • Land Acres: 0.032
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LOT 65, SOMERSET VILLAGE PUD PHASE 2 SUBDV. AREA 0.032 AC

Ownership

  • Current Owner : MARTINEZ JENSEN
  • Current Owner 2: MARTINEZ MICALLEY
  • Previous Owner : MECHAM TREVOR
  • Previous Owner 2: MECHAM STACY
  • Owner Before Previous Owner: PLATT MARCI L
  • Owner Before Previous Owner 2: PLATT KENNETH L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Nebo School District
  • Census Tract: 010307

Geography

  • Subdivision Phase Number: 2
  • Parcel: 66-047-0065
  • Lot: 65
  • Municipality: SPANISH FORK
  • Latitude: 40.0933
  • Longitude: -111.602

    Address

  • Full Address: 3125 E Somerset Dr
  • Address - House Number: 3125
  • Street Direction: E
  • Address - Street Name: Somerset
  • Address - Suffix Type: Dr
  • State: UT
  • City Name: Spanish Fork
  • Carrier Code: R008
  • 4-Digit Zip Code: 3124
  • Zip Code: 84660

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,065
  • Tax Rate Code Area: 150

    Appraisal Valuation

  • Standard Deviation: 0.1854
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 75
  • Final Value: 420,317
  • High Value: 498,255
  • Low Value: 342,379

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $355,537
  • First Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Oct 27, 2021
  • First Open Lien Mortgage Loan Amount: $355,537
  • 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: Nov 01, 2051

    Market Valuation

  • Market Total Value: $387,400
  • Market Land Value: $61,000
  • Market Improvement Value: $326,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $213,070

    Sales

  • Current Sale Contract Date: Oct 25, 2021
  • Current Sale Recording Date: Oct 27, 2021
  • Current Sale Transaction ID: 11877556190
  • Current Sale Price: $444,400
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 182570:2021
  • Previous Sale Recording Date: Nov 04, 2019
  • Previous Sale Contract Date: Oct 30, 2019
  • Previous Sale Amount: $212,400
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Oct 27, 2021
  • First Mortgage Loan Amount: $355,537
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: SECURITY HOME MORTGAGE LLC
  • Previous Mortgage Transaction Date: Nov 04, 2019
  • Previous Mortgage Loan Amount: $169,900
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2049

About Spanish Fork



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Frequently Asked Questions

What neighborhood is 3125 East Somerset Drive located in?
The 3125 East Somerset Drive is a multifamily located in the neighborhood of Utah in Spanish Fork, Spanish Fork.
What is the average sales price for listings in 3125 East Somerset Drive?
The average sales price for units in 3125 East Somerset Drive is $0 currently.

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