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593 North Somerset Terrace

593 North Somerset Terrace, Olathe, KS 66062
593 North Somerset Terrace has been categorized by the local assessors in Olathe, KS as a residential type of property. The building on the property was first built in 1984 and is 40 years old. 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, 593 North Somerset Terrace has 2,560 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 2,774 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. 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 average. 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 B by the local assessor. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heat pump. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 593 North Somerset Terrace was last sold in Jun 9, 2022 for $941,640. According to our calculations, that's $367.83 per sqft. Prior to that sales transaction, the property was sold for $407,800 in Oct 22, 2018. Current property owners are expected to pay $6,255 in taxes per year. The property on 593 North Somerset Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $54,280. To break that down further, the land itself was valued at $6,878. While improvements to the property were assessed at a total of $47,402. 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. 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.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.

Building Features

Parking

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220328
03/28/2022
Studio
-
-
$885,000
bedrooms
Studio
bathrooms
-
-
-
-
Trevor Lorance
Chartwell Realty LLC

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 8
  • Business/Commerical Units Count: 8
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,774
  • Total Building Area: 2,560
  • Gross Building Area: 2,560
  • Building Area: 2,560
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 2,560
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: CERTIFICATE OF SURVEY
  • Land Acres: 0.064
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: CERTIFICATE OF SURVEY LT 3 SOMERSET VILLAGE SIXTH PLAT ASRECORDED IN BK 2069 P 325 TR D& 1/5 INT IN TR F OLC 621 3 3 D

Ownership

  • Current Owner : HILL INVESTMENT PROPERTIES LLC
  • Previous Owner : ROLLERIA INVESTMENTS LLC
  • Owner Before Previous Owner: HEYL HARRISON CHRISTIAN
  • Owner Before Previous Owner 2: HARRISON CHRISTIAN HEYL III RE
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Olathe Unified School District 233
  • School Tax School District: 233 UNIFIED
  • Census Tract: 052908

Zoning

  • Zoning: R-5

Geography

  • Assessors Map Reference: K30
  • Account Number: R15263
  • District: D
  • Subdivision Tract Number: D
  • Parcel: DP13500000-0T0D
  • Lot: 3
  • Municipality: OLATHE
  • Latitude: 38.8902
  • Longitude: -94.7822

    Address

  • Full Address: 593 N Somerset Ter
  • Address - House Number: 593
  • Street Direction: N
  • Address - Street Name: Somerset
  • Address - Suffix Type: Ter
  • State: KS
  • City Name: Olathe
  • Carrier Code: C011
  • 4-Digit Zip Code: 1351
  • Zip Code: 66062

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,255
  • Tax Rate Code Area: 612PP

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $708,000
  • First Open Lien Mortgage Lender: CORNERSTONE BANK
  • First Open Lien Mortgage Recording Date: Jun 27, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $708,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $472,000
  • Market Land Value: $59,810
  • Market Improvement Value: $412,190

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $54,280
  • Assessed Land Value: $6,878
  • Assessed Improvements Value: $47,402

    Sales

  • Current Sale Contract Date: Jun 09, 2022
  • Current Sale Recording Date: Jun 27, 2022
  • Current Sale Transaction ID: 11890911229
  • Current Sale Price: $941,640
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7294
  • Previous Sale Recording Date: Nov 19, 2018
  • Previous Sale Contract Date: Oct 22, 2018
  • Previous Sale Amount: $407,800
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CORNERSTONE BANK
  • First Mortgage Transaction Date: Jun 27, 2022
  • First Mortgage Loan Amount: $708,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF THE WEST
  • Previous Mortgage Transaction Date: Nov 19, 2018
  • Previous Mortgage Loan Amount: $326,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Somerset Apartments



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Frequently Asked Questions

What neighborhood is 593 North Somerset Terrace located in?
The 593 North Somerset Terrace is a located in the neighborhood of Somerset Apartments in Somerset Apartments, Olathe.
What is the average sales price for listings in 593 North Somerset Terrace?
The average sales price for units in 593 North Somerset Terrace is $0 currently.

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