2485 Somerset Cir Franklin, IN 46131
Estimated Value: $435,000 - $500,000
4
Beds
2.5
Baths
2,961
Sq Ft
$161/Sq Ft
Est. Value
Highlights
- Under Construction
- Covered patio or porch
- 3 Car Attached Garage
- Traditional Architecture
- Breakfast Room
- Tray Ceiling
About This Home
As of September 2023Welcome to the Drake Slab plan at 2485 Somerset Circle in Franklin! There's so much to love about this 2,961 square foot home with 4 bedrooms and 2.5 bathrooms. Once you step inside through the front door, you'll see the flex room off the foyer. With 4 windows lining the back wall of the gathering room and dining nook, natural light streams into the main floor! The kitchen boasts a center island, ample countertop space, and tons of cabinet storage. Check out the den and the expansive mud room on the first floor before heading upstairs to see the other rooms in this home. The loft, owner's suite, laundry room, and secondary bedrooms are all up on the second floor, giving each person in your family a space of his or her own.
Last Agent to Sell the Property
M/I Homes of Indiana, L.P. License #RB14025532 Listed on: 05/19/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $28
Year Built
- Built in 2023 | Under Construction
Lot Details
- 10,019
HOA Fees
- $183 Monthly HOA Fees
Parking
- 3 Car Attached Garage
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Slab Foundation
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Tray Ceiling
- Gas Log Fireplace
- Family Room with Fireplace
- Breakfast Room
Kitchen
- Gas Oven
- Microwave
- Dishwasher
- Kitchen Island
Flooring
- Carpet
- Vinyl Plank
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
Additional Features
- Covered patio or porch
- 10,019 Sq Ft Lot
- Forced Air Heating System
Community Details
- Legends West Subdivision
Listing and Financial Details
- Tax Lot 35
- Assessor Parcel Number 410812021046000018
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 19, 2023
Closed on
Sep 6, 2023
Sold by
M I Homes Of Indiana Lp
Bought by
Murray James C
Seller's Agent
Cassie Newman
M/I Homes of Indiana, L.P.
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$485,000
Sold Price
$453,880
Premium/Discount to List
-$31,120
-6.42%
Total Days on Market
71
Views
96
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,511
Avg. Annual Appreciation
2.65%
Original Mortgage
$408,492
Outstanding Balance
$401,539
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$73,852
Similar Homes in Franklin, IN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Murray James C | $453,880 | Transohio Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Murray James C | $408,492 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/06/2023 09/06/23 | Sold | $453,880 | -4.4% | $153 / Sq Ft |
| 07/30/2023 07/30/23 | Pending | -- | -- | -- |
| 07/07/2023 07/07/23 | Price Changed | $475,000 | -2.1% | $160 / Sq Ft |
| 05/19/2023 05/19/23 | For Sale | $485,000 | +870.0% | $164 / Sq Ft |
| 02/11/2022 02/11/22 | Sold | $50,000 | 0.0% | -- |
| 11/18/2021 11/18/21 | Pending | -- | -- | -- |
| 07/21/2020 07/21/20 | Off Market | $50,000 | -- | -- |
| 05/19/2020 05/19/20 | For Sale | $50,000 | 0.0% | -- |
| 04/20/2020 04/20/20 | Price Changed | $50,000 | 0.0% | -- |
| 04/20/2020 04/20/20 | For Sale | $50,000 | 0.0% | -- |
| 12/12/2019 12/12/19 | Off Market | $50,000 | -- | -- |
| 09/13/2019 09/13/19 | For Sale | $47,000 | -- | -- |
Source: MIBOR Broker Listing Cooperative®
Tax History Compared to Growth
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 | $4,986 | $445,800 | $53,600 | $392,200 |
| 2023 | $12 | $400 | $400 | $0 |
| 2022 | $12 | $400 | $400 | $0 |
| 2021 | $10 | $300 | $300 | $0 |
| 2020 | $10 | $300 | $300 | $0 |
| 2019 | $13 | $400 | $400 | $0 |
| 2018 | $25 | $500 | $500 | $0 |
| 2017 | $25 | $500 | $500 | $0 |
| 2016 | $15 | $500 | $500 | $0 |
| 2014 | $15 | $500 | $500 | $0 |
| 2013 | $15 | $400 | $400 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Cassie Newman
C
Seller's Agent in 2023
Cassie Newman
M/I Homes of Indiana, L.P.
(317) 475-3621
15 in this area
1,110 Total Sales
-
Non-BLC Member
N
Buyer's Agent in 2023
Non-BLC Member
MIBOR REALTOR® Association
(317) 956-1912
-
I
Buyer's Agent in 2023
IUO Non-BLC Member
Non-BLC Office
-
Janna Long
Seller's Agent in 2022
Janna Long
Janna Long Real Estate LLC
(317) 509-1605
92 in this area
119 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 21922276
APN: 41-08-12-021-046.000-018
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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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