NOT LISTED FOR SALE

16 Somerset Trace St. Simons Island, GA 31522

Estimated Value: $3,111,000 - $3,801,892

2.74 Acres
$1,209,479 Price per Acre
119,354 Sq Ft Lot

Last Sold August 16, 2019

Last sale price $430,000

Est. 671% increase in value since last sale

Current estimated payment $19,906/month

982 Days on Market

Highlights

  • Docks
  • Gated Community
  • Views
  • Oglethorpe Point Elementary School Rated A
  • Private Membership Available
  • Property fronts a marsh

About This Lot

As of August 2019

Gorgeous views from this Marsh front home site in Frederica. Offering beautiful live oaks, western exposure and over 2.7 acres, this is the largest marsh front home site available. Located in Phase I of Frederica Township, this home site offers convenient access to all that Frederica has to offer. A celebrated and prestigious private club, Frederica offers an impressive list of amenities including fine dining, tennis, fitness center, boating, fishing and swimming. A Tom Fazio designed golf course complete with new golf learning center provides for an extraordinary golfing experience each time out on the course. Call for more information or to schedule a personal tour.

Last Agent to Sell the Property

Angela Suzanne Harrison

Frederica Realty License #345567 Listed on: 11/07/2016

Co-Listed By

Thomas Elsberry

Frederica Realty License #11810

Last Buyer's Agent

Thomas Elsberry

Frederica Realty License #11810

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $24,659

Lot Details

  • 2.74 Acre Lot
  • Property fronts a marsh
  • Property fronts a freeway
  • Zoning described as Res Single

HOA Fees

  • $350 Monthly HOA Fees

Schools

  • Oglethorpe Elementary School
  • Glynn Middle School
  • Glynn Academy High School

Utilities

  • Underground Utilities

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 04-12427

Community Details

Overview

  • Private Membership Available
  • Frederica Golf Club Subdivision

Security

  • Gated Community

Recreation

  • Docks

Property Details

Property Type

Land

Est. Annual Taxes

$24,659

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 2.74
  • Lot Size: 0,0,0,0
  • Road Frontage Type: Freeway
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1143
  • Co List Office Phone: 912-634-1500
  • Subdivision Name: Frederica Golf Club
  • Directions: Access to Frederica is arranged through the Frederica Real Estate office: Take Frederica Road North to the roundabout and take the first right turn onto Lawrence Road. You will see the Frederica Stables on your left. Take the first left hand turn into the stables property. The Real Estate office is located on the stables property. Lot 6 is located within Frederica Township on St. Annie's Lane.
  • Carport Y N: No
  • Property Sub Type Additional: Residential,Unimproved Land
  • Special Features: VirtualTour

Exterior Features

  • Lot Features: 1 to 5 Acres, Flood Zone
  • View: Marsh View
  • View: Yes
  • Waterfront Features: Marsh
  • Waterfront: No

Utilities

  • Security: Gated Community
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Sewer Connected, Septic Available, Underground Utilities
  • Water Source: Public, Well

Condo/Co-op/Association

  • Community Features: Gated
  • Amenities: Dock, Gated, Private Membership
  • Association #2 Fee: 4200.0
  • Association #2 Fee Frequency: Annually

Schools

  • Elementary School: Oglethorpe
  • High School: Glynn Academy
  • Middle Or Junior School: Glynn Middle

Lot Info

  • Parcel #: 04-12427
  • Zoning Description: Res Single
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2024
Sold by
Davidson Gerald Dallas
Bought by
Penn Owen Clinton and Owen Gwen P
Current Estimated Value
$3,313,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$766,550
Outstanding Balance
$760,648
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$2,512,502

Purchase Details

Closed on
Dec 7, 2021
Sold by
Guyton Robert Allan
Bought by
Davidson Gerald Dallas and Davidson Natalia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
2.98%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 7, 2016
Closed on
Aug 16, 2019
Sold by
Curtis Christopher C
Bought by
Guyton Robert Allan and Guyton Mary Elizabeth
Seller's Agent
Angela Suzanne Harrison
Frederica Realty
Buyer's Agent
Thomas Elsberry
Frederica Realty
List Price
$485,000
Sold Price
$430,000
Premium/Discount to List
-$55,000
-11.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.33%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Penn Owen Clinton $3,150,000 --
Davidson Gerald Dallas $1,500,000 --
Guyton Robert Allan $430,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davidson Gerald Dallas $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2019 08/16/19 Sold $430,000 -11.3% --
07/17/2019 07/17/19 Pending -- -- --
11/07/2016 11/07/16 For Sale $485,000 -- --
Source: Golden Isles 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 $24,659 $983,240 $339,280 $643,960
2023 $24,713 $1,000,560 $339,280 $661,280
2022 $13,008 $518,680 $199,200 $319,480
2021 $3,877 $149,920 $149,920 $0
2020 $4,484 $171,720 $171,720 $0
2019 $5,144 $197,000 $197,000 $0
2018 $5,144 $197,000 $197,000 $0
2017 $6,229 $238,560 $238,560 $0
2016 $5,725 $238,560 $238,560 $0
2015 $5,175 $214,720 $214,720 $0
2014 $5,175 $214,720 $214,720 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller Co-Listing Agent in 2019

    Thomas Elsberry

    Frederica Realty

    (404) 213-7665

    78 Total Sales

    Thomas Elsberry
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Map

Source: Golden Isles Association of REALTORS®

MLS Number: 1581033

Golden Isles Association of REALTORS®

APN: 04-12427

Georgia Glynn County Saint Simons Island 31522

16 Somerset Trace, Saint Simons Island, GA

This home is located at 16 Somerset Trace, St. Simons Island, GA 31522 since 07 November 2016 and is currently estimated at $3,313,973. 16 Somerset Trace is a home located in Glynn County with nearby schools including Oglethorpe Point Elementary School, Glynn Middle School, and Glynn Academy.

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.

Golden Isles Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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