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32445 Somerset Drive

32445 Somerset Drive, Lake Elsinore, CA 92530
Sold Feb 27, 2020
$358,000
$268,500 by Citibank Na
Mortgage Due Mar 01, 2050
Sold Apr 22, 2009
$145,000
$115,920 by Wells Fargo Bank Na
Mortgage Due May 01, 2039
Local assessors in Lake Elsinore, CA have categorized 32445 Somerset Drive as a residential type of property. The home was built in 1989 and is 35 years old. It was most recently renovated and altered in 1990. The property's lot size has been calculated to be 6,098 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 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 32445 Somerset Drive has a total of 1,678 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. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. 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 476 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a roof that is made of tile. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. 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, 32445 Somerset Drive sold most recently in Jan 30, 2020 for a total of $358,000. If you work out the math, that's approximately a cost of $166.20 per sqft. Before that, the property was also sold for $145,000 in Mar 25, 2009. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,999 in taxes each year. 32445 Somerset Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $376,319. If we break it down further, the land itself was valued at $73,581. Improvements to the property, however, were assessed at a total of $302,738. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 476
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,098
  • Total Building Area: 2,154
  • Gross Building Area: 2,154
  • Building Area: 1,678
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,678
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 19344 2
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Water rights (misc.)
  • Legal Description 1: LOT 5 MB 184/013 TR 19344-2

Ownership

  • Current Owner : MURTI SHIV RAM
  • Current Owner 2: MURTI FAMILY TRUST
  • Previous Owner : OSICK WAYNE J
  • Previous Owner 2: THE WAYNE J O SICK LIVING TRUS
  • Owner Before Previous Owner: AURORA LOAN SERVICES LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Lake Elsinore Unified School District
  • Census Tract: 046403

Zoning

  • Zoning: RR

Geography

  • Subdivision Tract Number: 19344-2
  • Parcel: 370-413-018
  • Block: E
  • Lot: 5
  • Municipality: LAKE ELSINORE
  • Latitude: 33.6216
  • Longitude: -117.303

    Address

  • Full Address: 32445 Somerset Dr
  • Address - House Number: 32445
  • Address - Street Name: Somerset
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Lake Elsinore
  • Carrier Code: C021
  • 4-Digit Zip Code: 0437
  • Zip Code: 92530

Valuation

    Tax

  • Total Area: 1,678
  • Tax Year: 2023
  • Tax Amount: $3,999
  • Tax Rate Code Area: 005-039

    Appraisal Valuation

  • Standard Deviation: 0.2254
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 68
  • Final Value: 540,527
  • High Value: 662,370
  • Low Value: 418,685

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $537,000
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: Feb 27, 2020
  • First Open Lien Mortgage Loan Amount: $268,500
  • 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: Mar 01, 2050
  • Second Open Lien Mortgage Lender: CITIBANK, NA
  • Second Open Lien Mortgage Recording Date: Feb 14, 2024
  • Second Open Lien Mortgage Loan Amount: $268,500
  • Second Open Lien Mortgage Term: 312
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Mar 01, 2050

    Market Valuation

  • Market Total Value: $403,740

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $376,319
  • Assessed Land Value: $73,581
  • Assessed Improvements Value: $302,738

    Sales

  • Current Sale Contract Date: Jan 30, 2020
  • Current Sale Recording Date: Feb 27, 2020
  • Current Sale Transaction ID: 11743862028
  • Current Sale Price: $358,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020-0089199
  • Previous Sale Recording Date: Apr 22, 2009
  • Previous Sale Contract Date: Mar 25, 2009
  • Previous Sale Amount: $145,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: Feb 27, 2020
  • First Mortgage Loan Amount: $268,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Apr 22, 2009
  • Previous Mortgage Loan Amount: $115,920
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: May 01, 2039

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Frequently Asked Questions

What neighborhood is 32445 Somerset Drive located in?
The 32445 Somerset Drive is a house located in the neighborhood of East Lake District in East Lake District, Lake Elsinore.
What is the average sales price for listings in 32445 Somerset Drive?
The average sales price for units in 32445 Somerset Drive is $0 currently.

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