320 Somerset Avenue

320 Somerset Avenue has been categorized by the local assessors in Sarasota, FL as a residential type of property. The building on the property was first built in 1958 and is 66 years old. However, we must point out that the home was most recently renovated and altered in 1985. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 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, 320 Somerset Avenue has 1,644 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 building with no basement that is 440 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 linear feet between the front and back of the lot is 1,930 ft and across the front of the lot is 1,000 ft. The area measurement of the land has been determined as 19,300 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler 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. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. 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 or hip style roof made of composition shingle. The exterior walls of the building are made of stucco. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with electricity. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Feb 24, 2021 for $350,000. That's $156.11 per sqft. Prior to that sales transaction, the property was also sold in Jun 18, 1996 for $32,000. 320 Somerset Avenue was last assessed in 2023. The total value of the property was assessed at $348,671. 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 $4,765. 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. 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.