NOT LISTED FOR SALE

2 Somerset Ln Newnan, GA 30263

Madison Park Neighborhood

Estimated Value: $376,000 - $397,499

4 Beds
2.5 Baths
2,014 Sq Ft
$193/Sq Ft Est. Value

Last Sold July 06, 2023

Last sale price $405,000 $201 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,459/month

8 Days on Market

Highlights

  • Craftsman Architecture
  • Clubhouse
  • Corner Lot
  • Newnan Crossing Elementary School Rated A-
  • Wood Flooring
  • High Ceiling

About This Home

As of July 2023

Welcome to 2 Somerset Lane in Newnan, GA! This 4 bedroom 2.5 bathroom craftsman style home features a wonderful floor plan with impressive features. Highlights include an open-concept layout, updated kitchen, cozy fireplace, four bedrooms, landscaped backyard, koi pond, and more. Conveniently located near shopping, dining, schools, and parks. Don't miss this opportunity to make it your forever home!

Last Agent to Sell the Property

Brittany Stalnaker

REMAX Concierge License #395997 Listed on: 04/20/2023

REMAX Concierge

Last Buyer's Agent

Audra Plummer

Keller Williams Realty License #406663

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,701

Year Built

  • Built in 2016

Lot Details

  • 6,534 Sq Ft Lot
  • Wood Fence
  • Back Yard Fenced
  • Corner Lot
  • Level Lot

HOA Fees

  • $59 Monthly HOA Fees

Home Design

  • Craftsman Architecture
  • Composition Roof
  • Concrete Siding

Interior Spaces

  • 2,014 Sq Ft Home
  • 2-Story Property
  • Tray Ceiling
  • High Ceiling
  • Great Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Pull Down Stairs to Attic

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Double Vanity
  • Bathtub Includes Tile Surround
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry in Hall
  • Laundry on upper level

Parking

  • Garage
  • Parking Accessed On Kitchen Level
  • Garage Door Opener

Outdoor Features

  • Patio

Schools

  • Newnan Crossing Elementary School
  • Arnall Middle School
  • East Coweta High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Dual Heating Fuel
  • Underground Utilities
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • Association fees include management fee, reserve fund, swimming
  • Madison Park Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Community Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,701

Year Built

Built in 2016

Lot Details

0

HOA Fees

$59 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2016
  • ArchitecturalStyle: Craftsman
  • Main Level Half Bathrooms: 1
  • Financing Type: VA
  • Levels: Two
  • Lot Size Acres: .15
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 2014
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater, Dishwasher, Microwave, Oven/Range (Combo), Stainless Steel Appliance(s)
  • Bedrooms: 4
  • Dining Room Features: Separate Room
  • Basement: None
  • Total Finished Sq Ft: 2014
  • Above Grade Finished Sq Ft: 2014
  • Interior Amenities: Tray Ceiling(s), High Ceilings, Double Vanity, Pulldown Attic Stairs, Separate Shower, Tile Bath, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplace Features: Living Room
  • Flooring: Hardwood, Carpet
  • Kitchen Features: Kitchen Island, Pantry, Solid Surface Counters
  • Price Per Square Foot: 198.560

Beds/Baths

  • Upper Level Full Bathrooms: 2

Exterior Features

  • Construction Materials: Concrete
  • Fencing: Fenced, Back Yard, Wood
  • Lot Features: Corner Lot, Level
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Parking Features: Attached, Garage Door Opener, Garage, Kitchen Level

Utilities

  • Cooling: Electric, Central Air, Zoned, Dual
  • Heating: Central, Forced Air, Zoned, Dual
  • Laundry Features: In Hall, Upper Level
  • Sewer: Public Sewer
  • Utilities: Underground Utilities, Cable Available, Sewer Connected, Electricity Available, High Speed Internet, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Annual Association Fee: 708
  • Association: Yes
  • Community Features: Clubhouse, Park, Playground, Pool, Sidewalks, Street Lights

Fee Information

  • Association Fee Includes: Management Fee, Reserve Fund, Swimming

Schools

  • Elementary School: Newnan Crossing
  • High School: East Coweta
  • High School Bus: Yes
  • Middle School: Arnall
  • Middle School Bus: Yes
  • Elementary School: Newnan Crossing
  • Middle School: Arnall
  • High School: East Coweta

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2022
  • Tax Annual Amount: 2700.9

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2023
Closed on
Jul 6, 2023
Sold by
Bui Duyminh
Bought by
Clark Jamar
Seller's Agent
Brittany Stalnaker
REMAX Concierge
Buyer's Agent
Audra Plummer
Keller Williams Realty
List Price
$399,900
Sold Price
$405,000
Premium/Discount to List
$5,100
1.28%
Views
47
Current Estimated Value
$390,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,867
Avg. Annual Appreciation
-2.08%
Original Mortgage
$405,000
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2021
Sold by
Mcrae Jennifer P
Bought by
Bui Duyminh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,800
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2017
Sold by
Edgar Hughston Builder Inc
Bought by
Mcrae Jennifer P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,000
Interest Rate
4.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Clark Jamar $405,000 --
Bui Duyminh $274,000 --
Mcrae Jennifer P $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Jamar $410,370
Closed Clark Jamar $405,000
Previous Owner Bui Duyminh $191,800
Previous Owner Mcrae Jennifer P $209,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2023 07/06/23 Sold $405,000 +1.3% $201 / Sq Ft
04/28/2023 04/28/23 Pending -- -- --
04/20/2023 04/20/23 For Sale $399,900 -- $199 / Sq Ft
Source: Georgia 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
2023 $2,942 $124,905 $22,000 $102,905
2022 $2,667 $111,012 $14,000 $97,012
2021 $2,611 $97,131 $14,000 $83,131
2020 $2,669 $97,131 $14,000 $83,131
2019 $2,341 $77,918 $16,000 $61,918
2018 $2,355 $77,918 $16,000 $61,918
2017 $2,283 $75,888 $16,000 $59,888
2016 $181 $6,000 $6,000 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Brittany Stalnaker

    RE/MAX

    Section Image

  • A

    Buyer's Agent in 2023

    Audra Plummer

    Keller Williams Realty

    (404) 640-6539

    1 in this area

    53 Total Sales

    Section Image
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Map

Source: Georgia MLS

MLS Number: 20117390

Georgia MLS

APN: 086B-124

Georgia Coweta County Newnan 30263 Madison Park

2 Somerset Ln, Newnan, GA

This home is located at 2 Somerset Ln, Newnan, GA 30263 since 20 April 2023 and is currently estimated at $389,625, approximately $193 per square foot. This property was built in 2016. 2 Somerset Ln is a home located in Coweta County with nearby schools including Newnan Crossing Elementary School, Arnall Middle School, and East Coweta High School.

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