NOT LISTED FOR SALE

218 Somerset Dr Raeford, NC 28376

Estimated Value: $291,000 - $303,967

3 Beds
2.5 Baths
2,084 Sq Ft
$143/Sq Ft Est. Value

Last Sold February 03, 2023

Last sale price $270,000 $130 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,707/month

4 Days on Market

Highlights

  • Colonial Architecture
  • Covered Patio or Porch
  • Home Security System
  • No HOA
  • 2 Car Attached Garage
  • Entrance Foyer

About This Home

As of February 2023

Great home in an established neighborhood! Beautifully updated covered back patio overlooking the fully fenced backyard. As you walk in the front door you'll see an office space to the left and a formal dining room to the right. Continue through the foyer, you'll pass the half bath on the right. To the right is the kitchen with an eat in area, the door to the garage and a pass through to the dining room. To the left of the foyer, is the living room with a gas log fireplace and stairs that take you to the second floor, where all bedrooms and other 2 bathrooms are located. Propane tank is owned by seller and included in the sale.

Last Agent to Sell the Property

GINA ALLEN

SANFORD REAL ESTATE License #323258 Listed on: 01/05/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,779

Year Built

  • Built in 2003

Lot Details

  • 0.5 Acre Lot
  • Privacy Fence
  • Cleared Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture

Interior Spaces

  • 2,084 Sq Ft Home
  • Gas Log Fireplace
  • Insulated Windows
  • Blinds
  • Entrance Foyer
  • Luxury Vinyl Tile Flooring
  • Crawl Space

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Utilities

  • Central Air
  • Heat Pump System
  • Propane
  • Private Sewer

Community Details

  • No Home Owners Association
  • Somerset Subdivision

Listing and Financial Details

  • Assessor Parcel Number 494560201209

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,779

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Year Built: 2003
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Subdivision Name: Somerset
  • Architectural Style: Colonial
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • General Property Information Fireplace YN: No
  • Appliances Microwave: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Cooling:Electric: Yes
  • Lot Features Partially Cleared: Yes
  • Appliances Refrigerators: Yes
  • Security Features Security System: Yes
  • Architectural Style Colonial: Yes
  • Fencing Privacy: Yes
  • General Property Information Carport YN: No
  • Security Features Fire Alarm: Yes
  • Utilities Propane3: Yes
  • General Property Information Lot Size Square Feet2: 21780.0
  • General Property Information Building Project Name3: Listing Firm does not hold EMD. Contact Gina Allen at 910-964-3194 with any questions. Email offers and pre-approval letters to gallenrea@gmail.com.Property does not have an HOA but there are restrictive covenants in the Somerset subdivision. These covenants are attached in the transaction desk.
  • Sewer Private Sewer: Yes
  • General Property Information Lot Size Acres: 0.5
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Luxury Vinyl
  • Interior Amenities: Entrance Foyer
  • Basement: Crawl Space
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Appliances Dishwasher: Yes
  • Interior Features:Entrance Foyer: Yes
  • Basement:Crawl Space: Yes
  • Community Features:Street Lights: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances Range: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Storage
  • Fencing: Privacy
  • Acres: 0.5
  • Home Warranty: No
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Covered, Other
  • Construction Materials:Fiber Cement: Yes
  • Window Features:Blinds: Yes
  • Patio And Porch Features:Covered2: Yes
  • Window Features:Insulated Windows: Yes
  • Exterior Features:Storage2: Yes
  • Window Features:Window Treatments: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached
  • Parking Features:Attached: Yes
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Utilities: Propane
  • Heating: Heat Pump
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Size Sq Ft: 21780.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 494560201209

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2023
Closed on
Jan 19, 2023
Sold by
Jacobson Ashley E
Bought by
Morales Stefan
Seller's Agent
GINA ALLEN
SANFORD REAL ESTATE
List Price
$260,000
Sold Price
$270,000
Premium/Discount to List
$10,000
3.85%
Current Estimated Value
$297,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,992
Avg. Annual Appreciation
3.68%
Original Mortgage
$270,000
Outstanding Balance
$258,549
Interest Rate
5%
Mortgage Type
VA
Estimated Equity
$39,443

Purchase Details

Listed on
Apr 18, 2013
Closed on
Jun 28, 2013
Sold by
Lowery Vince P and Lowery Mark K
Bought by
Rice Ashley E
Seller's Agent
Jackie Pearson
KELLER WILLIAMS REALTY (FAYETTEVILLE)
Buyer's Agent
sharon mumma
BHHS ALL AMERICAN HOMES #2
List Price
$183,000
Sold Price
$183,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.13%
Original Mortgage
$186,934
Interest Rate
3.53%
Mortgage Type
VA

Purchase Details

Closed on
Dec 30, 2005
Sold by
Principie Jose A and Principie Olga D
Bought by
Lowery Vince P and Lowery Mary K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,650
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Morales Stefan $270,000 --
Rice Ashley E $183,000 None Available
Lowery Vince P $170,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morales Stefan $270,000
Previous Owner Rice Ashley E $186,934
Previous Owner Lowery Vince P $173,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/03/2023 02/03/23 Sold $270,000 +3.8% $130 / Sq Ft
01/09/2023 01/09/23 Pending -- -- --
01/05/2023 01/05/23 For Sale $260,000 +42.1% $125 / Sq Ft
06/28/2013 06/28/13 Sold $183,000 0.0% $85 / Sq Ft View Prior Sale
05/10/2013 05/10/13 Pending -- -- --
04/18/2013 04/18/13 For Sale $183,000 -- $85 / Sq Ft
Source: Doorify 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
2025 $1,779 $203,620 $33,000 $170,620
2024 $1,779 $203,620 $33,000 $170,620
2023 $1,779 $203,620 $33,000 $170,620
2022 $1,746 $203,620 $33,000 $170,620
2021 $1,699 $192,930 $21,000 $171,930
2020 $1,729 $192,930 $21,000 $171,930
2019 $1,729 $192,930 $21,000 $171,930
2018 $1,729 $192,930 $21,000 $171,930
2017 $1,729 $192,930 $21,000 $171,930
2016 $1,697 $192,930 $21,000 $171,930
2015 $1,651 $187,240 $21,000 $166,240
2014 $1,627 $187,240 $21,000 $166,240
2013 -- $169,120 $22,000 $147,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: LP696678

Doorify MLS

APN: 494560201209