NOT LISTED FOR SALE

111 Somerset Ln Seven Lakes, NC 27376

Seven Lakes Neighborhood

Estimated Value: $378,069 - $425,000

3 Beds
2 Baths
2,173 Sq Ft
$187/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $317,500 $146 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,351/month

13 Days on Market

Highlights

  • Marina
  • Horses Allowed On Property
  • Clubhouse
  • West End Elementary School Rated A-
  • Gated Community
  • 2 Fireplaces

About This Home

As of October 2021

This golf front, single level home has great curb appeal with a park like setting. Custom garage door, circular drive, with concrete curbing. The water feature at the front adds ambiance to the front patio area. The interior features open living and entertaining space with a formal dining and living room, open kitchen with adjoining family room with a three sided fireplace with a wet bar and ice maker. The split bedroom plan features new carept in secondary bedrooms, a huge master suite with fireplace, walk-in closet, separate bath and laundry room. The sunroom provides for a cozy space to enjoy the golf course views. Plenty of outdoor space with patio seating in two spots, remote sun awning. Fully fenced yard with additional privacy fence around hot tub pad with connection installed.

Last Agent to Sell the Property

Beverly Gentry

Coldwell Banker Advantage-Southern Pines License #267073 Listed on: 09/17/2021

Coldwell Banker Advantage-Southern Pines

Last Buyer's Agent

Susan Adams

The Gentry Team License #193716

The Gentry Team

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,100

Year Built

  • Built in 1979

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 113x230x113x229
  • Wood Fence
  • Property is zoned GC-SL

HOA Fees

  • $97 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Composition Roof
  • Stick Built Home

Interior Spaces

  • 2,173 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Formal Dining Room
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Patio
  • Horses Allowed On Property
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 00020531

Community Details

Overview

  • Seven Lakes South Subdivision

Recreation

  • Marina
  • Tennis Courts
  • Community Basketball Court
  • Pickleball Courts
  • Community Playground
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,100

Year Built

Built in 1979

Lot Details

0

HOA Fees

$97 per month

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: One
  • Year Built: 1979
  • Road Frontage Type: Golf Course
  • Horses Y N: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Formal
  • Fireplace: 2
  • Heated Sq Ft: 2000 - 2199
  • Interior Amenities: Master Downstairs
  • List Price per Sq Ft: 138.03
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 3
  • Number Rooms: 5
  • Sq Ft Heated: 2173.00
  • Total Heated Primary Separate Sq Ft: 2173.00

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Brick
  • Fencing: Wood
  • Foundation: Crawl Space
  • Porch Balcony Deck: Patio
  • Road Type Frontage: Private Road
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Attached Garage Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: On Site

Utilities

  • Cooling System: Central Air
  • Heating System: Heat Pump
  • Utilities: Water Available

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Basketball Court, Tennis Court(s), Gated, Playground, Pickleball, Marina, Clubhouse, Community Pool
  • HOAAssociationFee1Year: 1163.00

Schools

  • School District: Moore County Schools

Lot Info

  • Deed Page: 371.00
  • Lot Acres: 0.59
  • Lot Dimensions: 113X230X113X229
  • Lot Sq Ft: 25700.00
  • Plat Book: 1
  • Plat Page: 36B
  • Zoning: GC-SL

Tax Info

  • Tax Identifier: 00020531
  • Tax Year: 2021

MLS Schools

  • School District: Moore County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2021
Closed on
Oct 21, 2021
Sold by
Coger Jacklyn B
Bought by
Wallace Michael Joseph and Wallace Barbara Grace
Seller's Agent
Beverly Gentry
Coldwell Banker Advantage-Southern Pines
Buyer's Agent
Susan Adams
The Gentry Team
List Price
$299,950
Sold Price
$317,500
Premium/Discount to List
$17,550
5.85%
Current Estimated Value
$405,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,267
Avg. Annual Appreciation
5.67%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wallace Michael Joseph $317,500 Ritter John L
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coger Jacklyn B $52,000
Previous Owner Coger Jacklyn B $102,675
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2021 12/26/21 Pending -- -- --
10/29/2021 10/29/21 Sold $317,500 +5.9% $146 / Sq Ft
09/17/2021 09/17/21 For Sale $299,950 -- $138 / Sq Ft
Source: Hive MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,100 $252,930 $45,000 $207,930
2023 $1,151 $252,930 $45,000 $207,930
2022 $1,211 $192,180 $35,000 $157,180
2021 $1,259 $192,180 $35,000 $157,180
2020 $1,240 $192,180 $35,000 $157,180
2019 $1,240 $192,180 $35,000 $157,180
2018 $1,037 $172,750 $35,000 $137,750
2017 $1,011 $172,750 $35,000 $137,750
2015 $976 $172,750 $35,000 $137,750
2014 $1,055 $200,920 $42,000 $158,920
2013 -- $200,920 $42,000 $158,920
Source: Public Records

Agents Affiliated with this Home

  • Beverly Gentry

    Seller's Agent in 2021

    Beverly Gentry

    Coldwell Banker Advantage-Southern Pines

    (910) 975-0399

    55 in this area

    152 Total Sales

    Beverly Gentry
    Section Image
  • Susan Adams

    Buyer's Agent in 2021

    Susan Adams

    The Gentry Team

    (910) 690-2975

    10 in this area

    32 Total Sales

    Susan Adams
    Section Image
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Map

Source: Hive MLS

MLS Number: 100305728

Hive MLS

APN: 8525-20-71-6365

North Carolina Moore County Seven Lakes 27376 Seven Lakes

111 Somerset Ln, Seven Lakes, NC

This home is located at 111 Somerset Ln, Seven Lakes, NC 27376 since 17 September 2021 and is currently estimated at $405,767, approximately $186 per square foot. This property was built in 1979. 111 Somerset Ln is a home located in Moore County with nearby schools including West End Elementary School, West Pine Middle School, and Pinecrest High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC

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