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5016 Somerset Way

5016 Somerset Way, Birmingham, AL 35242
Property in Shelby
Sold Mar 01, 2017
$481,200
$235,000 by Wells Fargo Bank Na
Mortgage Due Mar 01, 2047
Sold Sep 14, 2006
$609,900
$487,920 by Mortgage Banc Llc
Mortgage Due Sep 01, 2036
5016 Somerset Way has been categorized by the local assessors in Birmingham, AL as a residential type of property. The building on the property was first built in 2006 and is 18 years old. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5016 Somerset Way has 3,566 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 2,210 ft and across the front of the lot is 1,655 ft. The area measurement of the land has been determined as 34,500 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 garage underground or in the basement for those who require parking. Residents will have the luxury of enjoying a screened porch. Moving on to the building itself. The condition of the building has been evaluated as good. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5016 Somerset Way was last sold in Feb 28, 2017 for $481,200. According to our calculations, that's $134.94 per sqft. Prior to that sales transaction, the property was sold for $609,900 in Aug 31, 2006. Current property owners are expected to pay $2,946 in taxes per year. The property on 5016 Somerset Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $67,880. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Good
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 2,358
  • Garage Type: Underground/basement
  • Parking Space Count: 0
  • Porch Type: Screened porch

    Dimensions

  • Lot Size Square Feet: 34,500
  • Lot Size Depth Feet: 2,210
  • Lot Size Frontage Feet: 1,655
  • Total Building Area: 3,566
  • Building Area: 3,566
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,566
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BROOKHIGHLAND 12 SECTOR
  • Land Acres: 0.792
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC/TWNSHP/RAN 30 18S 01W NBRHD: 01 BROOK HIGHLAND R-2

Ownership

  • Current Owner : JONES ROBERT E
  • Current Owner 2: JONES LAJUANA D
  • Previous Owner : MIXON KASEY
  • Previous Owner 2: MIXON JOAEL
  • Owner Before Previous Owner: ROBERT S GRANT CONSTRUCTION INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Shelby County School District
  • School Tax School District: GM
  • Census Tract: 030221

Geography

  • Assessors Map Reference: MP 34 PG 148
  • District: 01
  • Parcel: 039300002138000
  • Lot: 1207
  • Meridian: SEC 30 TWN 18S RNG 01W
  • Municipality: COUNTY
  • Latitude: 33.4337
  • Longitude: -86.6825

    Address

  • Full Address: 5016 Somerset Way
  • Address - House Number: 5016
  • Address - Street Name: Somerset
  • Address - Suffix Type: Way
  • State: AL
  • City Name: Birmingham
  • Carrier Code: R051
  • 4-Digit Zip Code: 7846
  • Zip Code: 35242

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,946

    Appraisal Valuation

  • Standard Deviation: 0.1466
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 82
  • Final Value: 741,224
  • High Value: 849,911
  • Low Value: 632,537

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $235,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Mar 01, 2017
  • First Open Lien Mortgage Loan Amount: $235,000
  • 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: Mar 01, 2047

    Market Valuation

  • Market Total Value: $678,700
  • Market Land Value: $95,000
  • Market Improvement Value: $583,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $67,880

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 28, 2017
  • Current Sale Recording Date: Mar 01, 2017
  • Current Sale Transaction ID: 1990044497
  • Current Sale Price: $481,200
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20170301000069690
  • Previous Sale Recording Date: Sep 14, 2006
  • Previous Sale Contract Date: Aug 31, 2006
  • Previous Sale Amount: $609,900
  • Previous Sale Document Type: Survivorship Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Mar 01, 2017
  • First Mortgage Loan Amount: $235,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE BANC LLC
  • Previous Mortgage Transaction Date: Sep 14, 2006
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $487,920
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: Sep 01, 2036

About Brook Highland



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Frequently Asked Questions

What neighborhood is 5016 Somerset Way located in?
The 5016 Somerset Way is a located in the neighborhood of Shelby in Brook Highland, Birmingham.
What is the average sales price for listings in 5016 Somerset Way?
The average sales price for units in 5016 Somerset Way is $0 currently.

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