NOT LISTED FOR SALE

3031 Somerset Trace Birmingham, AL 35242

Estimated Value: $574,873 - $681,000

-- Bed
4 Baths
2,615 Sq Ft
$242/Sq Ft Est. Value

About This Home

This home is located at 3031 Somerset Trace, Birmingham, AL 35242 and is currently estimated at $633,968, approximately $242 per square foot. 3031 Somerset Trace is a home located in Shelby County with nearby schools including Inverness Elementary School, Oak Mt. Intermediate School, and Oak Mt. Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2003
Sold by
Mehta Yogesh and Mehta Tejal
Bought by
Mehta Yogesh and Mehta Tejal
Current Estimated Value
$633,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,600
Interest Rate
5.82%

Purchase Details

Closed on
Mar 7, 2003
Sold by
Dodge N P
Bought by
Mehta Yogesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,600
Interest Rate
5.82%

Purchase Details

Closed on
Mar 5, 2003
Sold by
Bowman Larry R and Bowman Lisa H
Bought by
Dodge N P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,600
Interest Rate
5.82%

Purchase Details

Closed on
Aug 14, 1998
Sold by
Toxey Construction Co Inc
Bought by
Bowman Larry R and Bowman Lisa H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,500
Interest Rate
6.92%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mehta Yogesh $500 --
Mehta Yogesh $332,000 --
Dodge N P $500 --
Bowman Larry R $302,000 Cahaba Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mehta Yogesh $200,000
Closed Mehta Yogesh $75,000
Closed Mehta $50,000
Closed Mehta Yogesh $286,000
Closed Mehta Yogesh $300,000
Closed Mehta Yogesh $217,000
Closed Mehta Yogesh $265,600
Previous Owner Bowman Larry R $226,500
Previous Owner Toxey Construction Company Inc $242,000
Closed Bowman Larry R $45,300
Source: Public Records

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 $2,006 $45,600 $0 $0
2023 $1,898 $44,060 $0 $0
2022 $1,828 $42,480 $0 $0
2021 $1,665 $38,780 $0 $0
2020 $1,581 $36,860 $0 $0
2019 $1,654 $38,520 $0 $0
2017 $1,524 $35,560 $0 $0
2015 $1,453 $33,960 $0 $0
2014 $1,536 $35,840 $0 $0
Source: Public Records

Map

Alabama Shelby County Birmingham 35242

3031 Somerset Trace, Birmingham, AL

This home is located at 3031 Somerset Trace, Birmingham, AL 35242 and is currently estimated at $633,968, approximately $242 per square foot. 3031 Somerset Trace is a home located in Shelby County with nearby schools including Inverness Elementary School, Oak Mt. Intermediate School, and Oak Mt. Middle 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.

Nearby Homes