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50 Somerset Drive

50 Somerset Drive, Franklinton, NC 27525
Property in Franklin
Sold Mar 11, 2022
$260,000
$260,000 by State Employees Credit Union
Mortgage Due Apr 01, 2052
Sold Apr 15, 2016
$148,000
$140,600 by Scient Federal Credit Union
Mortgage Due May 01, 2046
50 Somerset Drive in Franklinton, NC was first built in 2015 and is 9 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a raised ranch style. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 50 Somerset Drive has 1,251 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 30,056 square feet.

Learn more about the property and building on this page. There is a porch. The home has a gable style roof made of asphalt. Water for the property is sourced from a municipal system. The property is not connected to a municipal sewage system. Instead, it is connected to a septic system which you will need to handle on your own. For those who need parking, there is a garage. The garage is 290 sqft. The quality of the control joints have been graded by the local assessor with a letter grade of C+. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system and being fueled with electricity. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 50 Somerset Drive sold most recently in Mar 11, 2022 for a total of $260,000. If you work out the math, that's approximately a cost of $207.83 per sqft. Before that, the property was also sold for $148,000 in Apr 13, 2016. 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 $1,494 in taxes each year. 50 Somerset Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $160,050. If we break it down further, the land itself was valued at $22,950. Improvements to the property, however, were assessed at a total of $137,100. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: C+
  • Building Style: Raised Ranch
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,251
  • Garage Square Area: 290
  • Parking Space Count: 0
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 30,056
  • Total Building Area: 1,251
  • Building Area: 1,251
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,251
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: KENDAL FOREST II LOT
  • Land Acres: 0.69
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MB 2006/237B

Ownership

  • Current Owner : LASSITER GEORGE E
  • Previous Owner : BUTLER
  • Previous Owner 2: RACHEL
  • Owner Before Previous Owner: AQ CONTRACTING INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Franklin County Schools
  • Census Tract: 060403

Zoning

  • Zoning: FCO AR

Geography

  • District: 104
  • Parcel: 039255
  • Lot: 35
  • Municipality: FRANKLINTON
  • Latitude: 36.1523
  • Longitude: -78.4436

    Address

  • Full Address: 50 Somerset Dr
  • Address - House Number: 50
  • Address - Street Name: Somerset
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Franklinton
  • Carrier Code: R006
  • 4-Digit Zip Code: 7384
  • Zip Code: 27525

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,494
  • Tax Rate Code Area: FRAF

    Appraisal Valuation

  • Standard Deviation: 0.2521
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 64
  • Final Value: 288,137
  • High Value: 360,793
  • Low Value: 215,482

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $260,000
  • First Open Lien Mortgage Lender: STATE EMPLOYEES CREDIT UNION
  • First Open Lien Mortgage Recording Date: Mar 11, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $260,000
  • 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: Apr 01, 2052

    Market Valuation

  • Market Total Value: $160,050
  • Market Land Value: $22,950
  • Market Improvement Value: $137,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $160,050
  • Assessed Land Value: $22,950
  • Assessed Improvements Value: $137,100

    Sales

  • Current Sale Contract Date: Mar 11, 2022
  • Current Sale Recording Date: Mar 11, 2022
  • Current Sale Transaction ID: 11885580403
  • Current Sale Price: $260,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 10058613
  • Previous Sale Recording Date: Apr 15, 2016
  • Previous Sale Contract Date: Apr 13, 2016
  • Previous Sale Amount: $148,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATE EMPLOYEES CREDIT UNION
  • First Mortgage Transaction Date: Mar 11, 2022
  • First Mortgage Loan Amount: $260,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: SCIENT FEDERAL CREDIT UNION
  • Previous Mortgage Transaction Date: Apr 15, 2016
  • Previous Mortgage Loan Amount: $140,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2046

About Franklin



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Frequently Asked Questions

What neighborhood is 50 Somerset Drive located in?
The 50 Somerset Drive is a located in the neighborhood of Franklin in Franklin, Franklinton.
What is the average sales price for listings in 50 Somerset Drive?
The average sales price for units in 50 Somerset Drive is $0 currently.

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