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367 Somerset Street

367 Somerset Street, Stanford, KY 40484
Property in Lincoln
Sold Sep 26, 2022
$87,000
$85,424 by Lakeview Loan Servicing Llc
Mortgage Due Sep 01, 2052
Sold Jun 05, 2017
$75,000
$75,757 by Pro Mortgage Corp
Mortgage Due Jun 01, 2047
367 Somerset Street has been categorized by the local assessors in Stanford, KY as a residential type of property. The home has a total of 3 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 367 Somerset Street has 1,380 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 17,735 square feet.

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 attached garage for those who require parking. Residents will have the luxury of enjoying a patio. Moving on to the building itself. The condition of the building has been evaluated as good. 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 frame 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 style roof made of composition shingle. The exterior walls of the building are made of materials we are unsure of. In terms of heating, it is utilizing a gas heating system and being fueled with gas. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. The property was last sold in Aug 29, 2022 for $87,000. That's $63.04 per sqft. Prior to that sales transaction, the property was also sold in May 16, 2017 for $75,000. 367 Somerset Street was last assessed in 2023. The total value of the property was assessed at $87,000. Specifically, the land the property is located on was valued at $7,000. While improvements on the property were assessed at a total of $80,000. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $845. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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

  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Other
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Partial basement with daylight
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 17,735
  • Total Building Area: 1,380
  • Building Area: 1,380
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Gas
  • Heated Square Feet: 1,380
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.407
  • Standard Land Use Code: Single family residential
  • Legal Description 1: H & L

Ownership

  • Current Owner : GIBSON CHRISTOPHER
  • Previous Owner : GIBSON JAMES J
  • Owner Before Previous Owner: WALLS BRIAN
  • Owner Before Previous Owner 2: WALLS JENNIFER
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lincoln County School District
  • Census Tract: 920101

Zoning

  • Zoning: RESIDENTIA

Geography

  • Parcel: 051-06-01-005.00
  • Municipality: STANFORD
  • Latitude: 37.5203
  • Longitude: -84.6611

    Address

  • Full Address: 367 Somerset St
  • Address - House Number: 367
  • Address - Street Name: Somerset
  • Address - Suffix Type: St
  • State: KY
  • City Name: Stanford
  • Carrier Code: C002
  • 4-Digit Zip Code: 1315
  • Zip Code: 40484

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $845
  • Tax Rate Code Area: 4

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 83,165
  • High Value: 120,989
  • Low Value: 45,340

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $85,424
  • First Open Lien Mortgage Lender: LAKEVIEW LOAN SERVICING LLC
  • First Open Lien Mortgage Recording Date: Sep 26, 2022
  • First Open Lien Mortgage Loan Amount: $85,424
  • 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: Sep 01, 2052

    Market Valuation

  • Market Total Value: $87,000
  • Market Land Value: $7,000
  • Market Improvement Value: $80,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $87,000
  • Assessed Land Value: $7,000
  • Assessed Improvements Value: $80,000

    Sales

  • Current Sale Contract Date: Aug 29, 2022
  • Current Sale Recording Date: Sep 26, 2022
  • Current Sale Transaction ID: 11896398171
  • Current Sale Price: $87,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 05, 2017
  • Previous Sale Contract Date: May 16, 2017
  • Previous Sale Amount: $75,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: LAKEVIEW LOAN SERVICING LLC
  • First Mortgage Transaction Date: Sep 26, 2022
  • First Mortgage Loan Amount: $85,424
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: PRO MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jun 05, 2017
  • Previous Mortgage Loan Amount: $75,757
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2047

About Stanford



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Frequently Asked Questions

What neighborhood is 367 Somerset Street located in?
The 367 Somerset Street is a located in the neighborhood of Lincoln in Stanford, Stanford.
What is the average sales price for listings in 367 Somerset Street?
The average sales price for units in 367 Somerset Street is $0 currently.

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