315 Somerset Drive

Local assessors in Raeford, NC have categorized 315 Somerset Drive as a residential type of property. The home was built in 2003 and is 21 years old. The property's lot size has been calculated to be 20,400 square feet. The linear feet between the front and back of the lot was measured at 2,400 ft and the front of the lot was measured at 850 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 315 Somerset Drive has a total of 2,258 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 attached garage for those who need a place to park their vehicle. The garage on the property is 591 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a covered porch so you'll have a great option in the front of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The home's a heat pump 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. 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, 315 Somerset Drive sold most recently in Jul 2, 2015 for a total of $181,000. If you work out the math, that's approximately a cost of $80.16 per sqft. Before that, the property was also sold for $190,000 in Jun 10, 2011. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,849 in taxes each year. 315 Somerset Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $212,260. If we break it down further, the land itself was valued at $33,000. Improvements to the property, however, were assessed at a total of $179,260. 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.