NOT LISTED FOR SALE

3241 Somerset Dr SE Cleveland, TN 37323

Estimated Value: $237,000 - $258,000

3 Beds
2 Baths
1,209 Sq Ft
$206/Sq Ft Est. Value

Last Sold May 17, 2023

Last sale price $239,000 $198 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,403/month

7 Days on Market

Highlights

  • No HOA
  • Accessible Approach with Ramp
  • Central Heating
  • Cooling Available
  • Tile Flooring
  • Property has 1 Level

About This Home

As of May 2023

Looking for convenience in a quiet neighborhood with mature trees and mountain views from the back deck? We've got your new home! This 3BR/2BA ranch home is perfect for new buyers or someone looking for a home that has been well maintained. Spacious backyard has privacy and a shed that has fully functioning electric (hello home office or she-shed!) This home has a living room and a separate family room/den. The large back deck is the perfect place to drink your morning coffee, listening to the birds chirp while admiring the mountains and your gorgeous trees in your spacious backyard. Seller will also offer $2000 credit to buyers at closing. Don't miss out on this fantastic and affordable home in one of the fastest growing areas in the country!

Last Buyer's Agent

Dustin Mullins

Real Estate Partners Chattanooga, LLC License #351594

Real Estate Partners Chattanooga, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $564

Year Built

  • Built in 1991

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 186x90

Interior Spaces

  • 1,209 Sq Ft Home
  • Property has 1 Level

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Accessible Approach with Ramp

Schools

  • Black Fox Elementary School
  • Lake Forest Middle School
  • Bradley Central High School

Utilities

  • Cooling Available
  • Central Heating
  • Septic Tank

Community Details

  • No Home Owners Association
  • Manor Acres Section Ii Subdivision

Listing and Financial Details

  • Assessor Parcel Number 065N K 03400 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$564

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1991
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: 4236411280
  • Special Features: None
  • Stories: 1

Interior Features

  • Accessibility Features: Accessible Approach with Ramp
  • Fireplace: No
  • Flooring: Tile, Vinyl
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Has Basement: Other
  • Above Grade Finished Sq Ft: 1209
  • Building Area Units: Square Feet
  • Living Area: 1209
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Other
  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Other
  • Lot Size Acres: 0.43
  • Lot Size: 186X90
  • Lot Size Units: Acres
  • Parcel #: 065N K 03400 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 564

MLS Schools

  • Elementary School: Black Fox Elementary School
  • High School: Bradley Central High School
  • Middle Or Junior School: Lake Forest Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2023
Closed on
May 16, 2023
Sold by
Crissman Alice May
Bought by
Brown Dale D and Brown Cynthia A
Buyer's Agent
Dustin Mullins
Real Estate Partners Chattanooga, LLC
List Price
$239,000
Sold Price
$239,000
Current Estimated Value
$248,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,881
Avg. Annual Appreciation
1.81%
Original Mortgage
$104,000
Outstanding Balance
$101,270
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$147,611

Purchase Details

Listed on
Nov 6, 2017
Closed on
Jan 19, 2018
Sold by
Kite Daniel C and Kite Susan L
Bought by
Crissman Alice Mary
Seller's Agent
Patti Angelle
Coldwell Banker Kinard Realty
List Price
$109,900
Sold Price
$105,000
Premium/Discount to List
-$4,900
-4.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.75%
Original Mortgage
$98,188
Interest Rate
3.93%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 22, 2011
Closed on
May 31, 2012
Sold by
Kramer Michael J
Bought by
Kite Daniel C and Kite Susan L
Seller's Agent
Chuck Jones
RE/MAX R. E. Professionals
Buyer's Agent
Comps Only
COMPS ONLY
List Price
$104,900
Sold Price
$95,000
Premium/Discount to List
-$9,900
-9.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.78%
Original Mortgage
$93,279
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 12, 2005
Sold by
Kramer Jeannie Marie
Bought by
Kramer Michael J Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,600
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 5, 2005
Sold by
Kramer Jeannie Marie
Bought by
Kramer Michael J Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,600
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage
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
Brown Dale D $239,000 Cornerstone Title Of Tennessee
Crissman Alice Mary $105,000 Title Insurance Company
Kite Daniel C $95,000 --
Kramer Michael J Tr -- --
Kramer Michael J Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Dale D $104,000
Previous Owner Crissman Alice Mary $98,188
Previous Owner Kite Daniel C $93,279
Previous Owner Kramer Michael J Tr $68,600
Previous Owner Kramer Michael J Tr $68,600
Previous Owner Michael Kramer $57,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2023 05/17/23 Sold $239,000 0.0% $198 / Sq Ft
04/08/2023 04/08/23 Pending -- -- --
04/01/2023 04/01/23 For Sale $239,000 +127.6% $198 / Sq Ft
01/25/2018 01/25/18 Sold $105,000 -4.5% $83 / Sq Ft
12/04/2017 12/04/17 Pending -- -- --
11/06/2017 11/06/17 For Sale $109,900 +15.7% $87 / Sq Ft
05/31/2012 05/31/12 Sold $95,000 -9.4% $75 / Sq Ft
04/22/2012 04/22/12 Pending -- -- --
03/21/2011 03/21/11 For Sale $104,900 -- $83 / Sq Ft
Source: Realtracs

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 $564 $31,725 $4,325 $27,400
2023 $564 $31,725 $4,325 $27,400
2022 $564 $31,725 $4,325 $27,400
2021 $564 $31,725 $0 $0
2020 $552 $31,725 $0 $0
2019 $552 $24,875 $0 $0
2018 $526 $0 $0 $0
2017 $577 $0 $0 $0
2016 $577 $0 $0 $0
2015 $572 $0 $0 $0
2014 $463 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2714727

Realtracs

APN: 065N-K-034.00