NOT LISTED FOR SALE

1401 Somerset Dr Forest, VA 24551

Estimated Value: $661,000 - $782,000

5 Beds
6 Baths
4,929 Sq Ft
$148/Sq Ft Est. Value

Last Sold January 04, 2019

Last sale price $400,000 $81 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $4,347/month

84 Days on Market

Highlights

  • Cape Cod Architecture
  • 2 Fireplaces
  • Zoned Heating and Cooling
  • Forest Middle School Rated A-
  • Attached Garage

About This Home

As of January 2019

BEAUTIFUL HOME! Features 5 bedrooms and 6 baths. Large Master suite on entry level. Possible In-Law suite with separate entrance. Extra room above the garage! Lower level features family room with fireplace and full bath. This property has so much space to offer. Landscaping. Rocking chair front porch. Don't miss the opportunity to own in this desirable neighborhood!

Last Agent to Sell the Property

Barry Compton

RED KEY REALTY INC License #0225040865 Listed on: 08/10/2018

Last Buyer's Agent

Barry Compton

RED KEY REALTY INC License #0225040865 Listed on: 08/10/2018

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $2,511

Year Built

  • Built in 2002

Lot Details

  • 0.91 Acre Lot

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2 Fireplaces
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms

Schools

  • New London Academy Elementary School
  • Forest Middle School
  • Jefferson Forest High School

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 18

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$2,511

Year Built

Built in 2002

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Heating System: Heat Pump Electric, Zoned Heat
  • Type: Residential
  • Has Basement: Full Basement
  • Cooling System: Heat Pump Electric, Zoned Cooling
  • BedroomsBREntryLevel: 2
  • BedroomsBRUpperLevel: 3
  • EntryAboveGrdFin Sq Ft: 2717.00
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsEntryLvl: 2
  • FullBathsFullBathsLowerLvl: 1
  • FullBathsFullBathsUpperLvl: 1
  • Grand Total Attached S Q F T: 4929
  • HalfBathsHalfBathsEntryLvl: 1
  • HalfBathsHalfBathsUpperLvl: 1
  • LaundryLaundryEntryLevel: 1
  • LowerBelowGrdFin Sq Ft: 512.00
  • Major Area: 06 - Bedford County
  • MasterBedroomsMasterBREntryLvl: 1
  • POACondoDues: 300.00
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • RatifiedContractDt: 2018-11-02
  • Residential Type: Detached
  • Style Of House: Cape Cod
  • SubdivisionMap: Somerset Farms
  • Total Above Grd Fin S Q F T: 4417
  • TotalBdrm: 5
  • TotalBths: 4.20
  • TotalFBaths: 4
  • Total Finished Sq Ft: 4929.00
  • TotalHBaths: 2
  • UpperAboveGrdFin Sq Ft: 1700.00
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

  • Sewer Description: PrivSept-permit unkn
  • Water Description: Public Water

Schools

  • Elementary School: New London Academy
  • Middle School: Forest Middle
  • High School: Jefferson Forest

Lot Info

  • Lot Description: Varied
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.91
  • Lot: 18

Building Info

  • Year Built: 2002

Tax Info

  • Taxes (6 mo): 2511.00
  • FILLTAXID: 153 17 18

MLS Schools

  • Elementary School: New London Academy
  • HighSchool: Jefferson Forest
  • Middle School: Forest Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2018
Closed on
Dec 7, 2018
Sold by
Carner Family Land Trust
Bought by
Franklin Kathy C
Seller's Agent
Barry Compton
RED KEY REALTY INC
Buyer's Agent
Barry Compton
RED KEY REALTY INC
List Price
$429,950
Sold Price
$400,000
Premium/Discount to List
-$29,950
-6.97%
Total Days on Market
84
Current Estimated Value
$728,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$328,663
Avg. Annual Appreciation
10.15%
Original Mortgage
$380,000
Outstanding Balance
$338,022
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$405,360

Purchase Details

Closed on
Sep 14, 2016
Sold by
Clements Substitute Trustee Thomas E and Carner Troy L
Bought by
Carner Family Land Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Franklin Kathy C $400,000 Settlement Services
Carner Family Land Trust $87,114 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franklin Kathy C $380,000
Previous Owner Carner Troy L $75,000
Previous Owner Carner Troy L $17,148
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2019 01/04/19 Sold $400,000 -7.0% $81 / Sq Ft
11/02/2018 11/02/18 Pending -- -- --
08/10/2018 08/10/18 For Sale $429,950 -- $87 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

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 $2,788 $680,100 $75,000 $605,100
2023 $2,788 $340,050 $0 $0
2022 $2,472 $247,150 $0 $0
2021 $2,472 $494,300 $65,000 $429,300
2020 $2,472 $494,300 $65,000 $429,300
2019 $2,472 $494,300 $65,000 $429,300
2018 $2,511 $482,800 $60,000 $422,800
2017 $2,511 $482,800 $60,000 $422,800
2016 $2,511 $482,800 $60,000 $422,800
2015 $2,511 $482,800 $60,000 $422,800
2014 $2,382 $458,000 $60,000 $398,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 851373

Roanoke Valley Association of REALTORS®

APN: 15301947