$48,000
SOLD FEB 11, 2022

2170 Somerset Dr Franklin, IN 46131

0.37 Acre
$129,730 Price per Acre
16,117 Sq Ft Lot

Recently Sold

797 Days on Market

About This Lot

As of December 2022

WORK LESS, PLAY MORE! Welcome to Legends West, a charming low maintenance community on the Legends of IN Golf Course. Featuring Custom lots at a reasonable price, a affordable HOA maintains your lawn, landscape, irrigation and snow removal. Open to Custom Builders, don't miss the chance to build your dream home in this carefree community. LOCATION, LOCATION, LOCATION! Positioned on the popular East side of Franklin within close proximity to I-65 & the up & coming town of Franklin. Short commutes to Greenwood, Columbus & Indy. Steps away are Franklin's Greenway Trails for walking or biking leading you to the quaint town of Franklin offering a seasonal Farmer's Market, locally owned Restaurants & Boutiques, Parks & a Recreation Center.

Last Agent to Sell the Property

Janna Long

Janna Long Real Estate LLC License #RB16000347 Listed on: 09/13/2019

Last Buyer's Agent

Janna Long

Janna Long Real Estate LLC License #RB16000347 Listed on: 09/13/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $34

Year Built

  • 2022

HOA Fees

  • $150 per month

Community Details

  • Property managed by Legends West HOA

Property Details

Property Type

Land

Est. Annual Taxes

$34

Year Built

2022

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Type: Land
  • Type: Single Lot
  • Property Sub Type: Residential Lots
  • Transaction Type: Sale
  • Directions: US-31 South to Earlywood (330N); Turn Left, Go East to Hurricane Rd; then South on Hurricane to Legends West Entrance
  • New Construction: No
  • Road Frontage Type: County Road
  • Road Surface Type: Concrete
  • Subdivision Name: LEGENDS WEST
  • Special Features: None
  • Year Built (Public Record): 2022

Interior Features

  • Sq Ft Main Upper: 0

Exterior Features

  • Road Access: CountyRd
  • Water: Municipal Water on Site
  • Disclosures: Not Applicable
  • Other Structures: No Building
  • Topography: Cleared,Level,SeeRemarks

Utilities

  • Solid Waste: 0
  • Sewer: Municipal Sewer On Site

Condo/Co-op/Association

  • Management Company Name: Legends West HOA
  • Management Company Phone: 317-509-1605
  • H O A Disclosures: Covenants & Restrictions,Rules & Regulations
  • Association Fee: 900
  • Association Fee Frequency: Semi-Annually

Fee Information

  • Association Fee Includes: Association Home Owners, Entrance Common, Insurance, Irrigation, Lawncare, Maintenance Grounds, Maintenance, Snow Removal

Lot Info

  • Acres: 1/4-1/2 Acre
  • Lot Number: 55
  • Lot Size: 97x103 Corner lot
  • Improvements: Sidewalks,Street Lights,Paved Streets
  • Land Characteristics: On Golf Course,Platted Subdivision,Other,See Remarks
  • Potential Zoning: Single Family
  • Present Zoning: Single Family
  • Price Acre: 129730
  • Development Status: Finished Lot(s), Plat Designed, Surveyed
  • Zoning: RESIDENTIAL

Tax Info

  • Semi Annual Property Tax Amt: 17
  • Tax Exemption: None
  • Tax Annual Amount: 34
  • Tax Year: 2018

MLS Schools

  • School District: Franklin Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2022
Closed on
Dec 21, 2022
Sold by
M/I Homes Of Indiana Lp
Bought by
Riggs James D and Riggs Debra J
Seller's Agent
Cassie Newman
M/I Homes of Indiana, L.P.
Buyer's Agent
Janna Long
Smythe & Co, Inc
List Price
$490,155
Sold Price
$486,155
Premium/Discount to List
-$4,000
-0.82%
Total Days on Market
797
Views
94
Current Estimated Value
$509,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,493
Avg. Annual Appreciation
1.92%
Original Mortgage
$75,000
Outstanding Balance
$73,234
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$436,414
Source: Public Records

Similar Property in Franklin, IN

  • 919 Wilson Way, Franklin, IN 46131

    $40,000

    • Land
    • 0.3 Acre
    • $133,333 per Acre
    • 919 Wilson Way
    • Franklin, IN

    This is the last vacant lot in Wilson Overlook located in the town of Franklin. This listing includes two parcels the residential parcel is .31 and backs up to the second parcel which is a 6 acre trac that is low unbuildable land. Located just south of the Franklin library, Rec Center, Park and Pool. Walk or bike into town enjoy miles of trail and all that downtown has to offer, dining,

    Janna Long Janna Long Real Estate LLC

    Section Image

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Transohio Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $75,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2022 12/21/22 Sold $486,155 0.0% $164 / Sq Ft
08/25/2022 08/25/22 Pending -- -- --
08/12/2022 08/12/22 Price Changed $486,155 -0.6% $164 / Sq Ft
07/14/2022 07/14/22 Price Changed $489,155 -0.2% $165 / Sq Ft
06/21/2022 06/21/22 For Sale $490,155 +921.2% $166 / Sq Ft
02/11/2022 02/11/22 Sold $48,000 0.0% --
11/18/2021 11/18/21 Pending -- -- --
07/21/2020 07/21/20 Off Market $48,000 -- --
05/19/2020 05/19/20 For Sale $48,000 0.0% --
04/20/2020 04/20/20 Price Changed $48,000 0.0% --
04/20/2020 04/20/20 For Sale $48,000 0.0% --
12/12/2019 12/12/19 Off Market $48,000 -- --
09/13/2019 09/13/19 For Sale $42,000 -- --
Source: MIBOR Broker Listing Cooperative®

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 $5,057 $452,100 $70,800 $381,300
2023 $5,111 $456,000 $70,800 $385,200
2022 $18 $600 $600 $0
2021 $16 $500 $500 $0
2020 $16 $500 $500 $0
2019 $19 $600 $600 $0
2018 $34 $800 $800 $0
2017 $34 $800 $800 $0
2016 $24 $800 $800 $0
2014 $24 $800 $800 $0
2013 $24 $600 $600 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21667858

MIBOR Broker Listing Cooperative®

APN: 41-08-12-024-004.000-018