NOT LISTED FOR SALE

1615 Somerset Dr Forest, VA 24551

Estimated Value: $670,299 - $765,000

3 Beds
4 Baths
3,059 Sq Ft
$236/Sq Ft Est. Value

About This Home

This home is located at 1615 Somerset Dr, Forest, VA 24551 and is currently estimated at $720,575, approximately $235 per square foot. 1615 Somerset Dr is a home located in Bedford County with nearby schools including New London Academy Elementary, Forest Middle School, and Jefferson Forest High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2006
Sold by
Faisal Development Llc
Bought by
Nguyen Lam S and Nguyen Hoang O
Current Estimated Value
$720,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,900
Outstanding Balance
$193,820
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$526,755

Purchase Details

Closed on
Aug 10, 2005
Sold by
Somerset Farms Llc
Bought by
Faisal Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,920
Interest Rate
5.66%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Nguyen Lam S -- None Available
Faisal Development Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Lam S $329,900
Previous Owner Faisal Development Llc $311,920
Source: Public Records

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
2025 $2,387 $582,200 $70,000 $512,200
2024 $2,387 $582,200 $70,000 $512,200
2023 $2,387 $291,100 $0 $0
2022 $2,278 $227,800 $0 $0
2021 $2,278 $455,600 $60,000 $395,600
2020 $2,278 $455,600 $60,000 $395,600
2019 $2,278 $455,600 $60,000 $395,600
2018 $1,927 $370,500 $55,000 $315,500
2017 $1,927 $370,500 $55,000 $315,500
2016 $1,927 $370,500 $55,000 $315,500
2015 $1,927 $370,500 $55,000 $315,500
2014 $1,978 $380,400 $55,000 $325,400
Source: Public Records

Map

Virginia Bedford County Forest 24551

1615 Somerset Dr, Forest, VA

This home is located at 1615 Somerset Dr, Forest, VA 24551 and is currently estimated at $720,575, approximately $235 per square foot. 1615 Somerset Dr is a home located in Bedford County with nearby schools including New London Academy Elementary, Forest Middle School, and Jefferson Forest High School.

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