$42,000
SOLD FEB 11, 2022

2346 Somerset Cir Franklin, IN 46131

0.15 Acre
$280,000 Price per Acre
6,534 Sq Ft Lot

Recently Sold

796 Days on Market

About This Lot

As of November 2023

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: 09/14/2019

Last Buyer's Agent

Janna Long

Janna Long Real Estate LLC License #RB16000347 Listed on: 09/14/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $20

Year Built

  • 2023

HOA Fees

  • $150 per month

Community Details

  • Property managed by Legends West HOA

Property Details

Property Type

Land

Est. Annual Taxes

$20

Year Built

2023

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): 2023

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 Acre
  • Lot Number: 5
  • Lot Size: 60x110
  • 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: 280000
  • Soil Type: SeeRemarks,NotApplic
  • Development Status: Finished Lot(s), Plat Designed, Surveyed
  • Zoning: RESIDENTIAL

Tax Info

  • Semi Annual Property Tax Amt: 10
  • Tax Exemption: None
  • Tax Annual Amount: 20
  • Tax Year: 2018

MLS Schools

  • School District: Franklin Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2023
Closed on
Nov 20, 2023
Sold by
M I Homes Of Indiana Lp
Bought by
Gallagher Lacy
Seller's Agent
Cassie Newman
M/I Homes of Indiana, L.P.
Buyer's Agent
Janna Long
Smythe & Co, Inc
List Price
$515,000
Sold Price
$430,530
Premium/Discount to List
-$84,470
-16.4%
Total Days on Market
796
Views
138
Current Estimated Value
$466,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,022
Avg. Annual Appreciation
5.29%
Original Mortgage
$416,161
Outstanding Balance
$410,971
Interest Rate
7.49%
Mortgage Type
FHA
Estimated Equity
$55,581

Purchase Details

Listed on
Sep 14, 2019
Closed on
Feb 10, 2022
Sold by
Legends West Associates Llc
Bought by
M/I Homes Of Indiana Lp
Seller's Agent
Janna Long
Janna Long Real Estate LLC
Buyer's Agent
Janna Long
Smythe & Co, Inc
List Price
$42,000
Sold Price
$42,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
272.43%
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 Type Sale Price Title Company
Warranty Deed $430,530 Transohio Title
Warranty Deed $44,941 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $416,161 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2023 11/20/23 Sold $430,530 -1.3% $137 / Sq Ft
10/25/2023 10/25/23 Pending -- -- --
09/26/2023 09/26/23 Price Changed $435,990 -2.0% $138 / Sq Ft
09/13/2023 09/13/23 Price Changed $445,000 -0.7% $141 / Sq Ft
09/07/2023 09/07/23 Price Changed $448,000 -0.2% $142 / Sq Ft
08/21/2023 08/21/23 Price Changed $449,000 -4.3% $142 / Sq Ft
08/16/2023 08/16/23 Price Changed $468,990 -0.2% $149 / Sq Ft
07/31/2023 07/31/23 Price Changed $469,990 -6.0% $149 / Sq Ft
07/07/2023 07/07/23 Price Changed $499,900 -2.9% $159 / Sq Ft
05/19/2023 05/19/23 For Sale $515,000 +1126.2% $163 / Sq Ft
02/11/2022 02/11/22 Sold $42,000 0.0% --
11/18/2021 11/18/21 Pending -- -- --
07/21/2020 07/21/20 Off Market $42,000 -- --
05/19/2020 05/19/20 For Sale $42,000 0.0% --
04/20/2020 04/20/20 Price Changed $42,000 0.0% --
04/20/2020 04/20/20 For Sale $42,000 0.0% --
12/12/2019 12/12/19 Off Market $42,000 -- --
09/13/2019 09/13/19 For Sale $38,000 -- --
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 $5,024 $449,200 $40,100 $409,100
2023 $9 $200 $200 $0
2022 $6 $200 $200 $0
2021 $6 $200 $200 $0
2020 $6 $200 $200 $0
2019 $6 $200 $200 $0
2018 $19 $300 $300 $0
2017 $19 $300 $300 $0
2016 $9 $300 $300 $0
2014 $6 $300 $300 $0
2013 $6 $200 $200 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Cassie Newman

    M/I Homes of Indiana, L.P.

    (317) 475-3621

    15 in this area

    1,112 Total Sales

    Cassie Newman
    Section Image
  • Janna Long

    Buyer's Agent in 2023

    Janna Long

    Smythe & Co, Inc

    (317) 509-1605

    92 in this area

    120 Total Sales

    Section Image
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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21667841

MIBOR Broker Listing Cooperative®

APN: 41-08-12-021-033.000-018

Indiana Johnson County Franklin 46131

2346 Somerset Cir, Franklin, IN

This home is located at 2346 Somerset Cir, Franklin, IN 46131 and is currently priced at $42,000. This property was built in 2023. 2346 Somerset Cir is a home located in Johnson County with nearby schools including Needham Elementary School, Franklin Community Middle School, and Custer Baker Intermediate School.

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.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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