NOT LISTED FOR SALE

4241 Somerset Lake Rd Nashville, IN 47448

Estimated Value: $350,083 - $481,000

4 Beds
2 Baths
2,447 Sq Ft
$173/Sq Ft Est. Value

Last Sold October 16, 2013

Last sale price $206,000 $84 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $2,313/month

80 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Private Beach
  • Fireplace in Bedroom
  • Pier or Dock
  • Lake Property
  • Ranch Style House

About This Home

As of October 2013

Idyllic lakefront living just 12 miles east of campus. The sellers have loved having a vacation lifestyle on beautiful Somerset Lake for more than 30 years. The home has hardwood floors, walls of windows, 2 limestone fireplaces, & expansive living areas, and its BEACH is beyond special. Just 9 miles east of SR446, this property is close to everything, but a million miles away from the hustle of the city. Expansive plantings add to the Eden. The property has a large greenhouse/sunroom. Recently updated HVAC, large garden shed with covered porch, floating dock, and the seller will leave their electric pontoon boat!

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $302

Year Built

  • Built in 1962

Lot Details

  • 1.45 Acre Lot
  • 200 Feet of Waterfront
  • Private Beach
  • Landscaped

HOA Fees

  • $21 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Walk-Out Ranch
  • Wood Siding
  • Stone Exterior Construction
  • Composite Building Materials

Interior Spaces

  • Ceiling Fan
  • Entrance Foyer
  • Living Room with Fireplace
  • 2 Fireplaces
  • Wood Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Bedroom

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement
  • Natural lighting in basement

Eco-Friendly Details

  • Energy-Efficient HVAC
  • Energy-Efficient Insulation

Outdoor Features

  • Lake Property
  • Lake, Pond or Stream
  • Enclosed Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • High-Efficiency Furnace
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 07-11-04-300-216.000-004

Community Details

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$302

Year Built

Built in 1962

Lot Details

0

HOA Fees

$21 per month

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1962
  • Age: 51
  • Style: One Story
  • Architectural Style: Ranch, Walkout Ranch
  • Total Number of Rooms: 7
  • Total Number of Rooms Below Grade: 3
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Somerset Lake 2nd Add. Lots 10 & 11.
  • Parcel Number ID: 07-11-04-300-216.000-004
  • Platted: Yes
  • Amenities: Deck Open, Eat-In Kitchen, Foyer Entry, Landscaped, Patio Covered, Porch Enclosed
  • Grid: Nashville(BR)
  • Location: Lake
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 86.19
  • Special Features: None

Interior Features

  • Total Sq Ft: 2894
  • Total Finished Sq Ft: 2447
  • Above Grade Finished Sq Ft: 1447
  • Below Grade Finished Sq Ft: 1000
  • Below Grade Sq Ft: 447
  • Price Per Sq Ft: 142.36
  • Basement Foundation: Daylight, Full Basement, Walk-Out Basement, Finished
  • Basement Material: Block
  • Number Of Fireplaces: 2
  • Fireplace: Living/Great Rm, 1st Bdrm
  • Flooring: Hardwood Floors
  • Living Great Room: Dimensions: 30x16, On Level: Main
  • Kitchen: Dimensions: 19x10, On Level: Main
  • Bedroom 1: Dimensions: 12x11, On Level: Main
  • Bedroom 2: Dimensions: 10x11, On Level: Main
  • Bedroom 3: Dimensions: 9x11, On Level: Main
  • Bedroom 4: Dimensions: 30x16, On Level: Lower
  • Other Room1: Sunroom, Dimensions: 6x30, On Level: Lower
  • Other Room 2: Bath, Dimensions: 11x6, On Level: Main
  • Other Room 3: Bath, On Level: Lower
  • Main Level Sq Ft: 2447
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 1447

Exterior Features

  • Exterior: Stone, Wood
  • Roof Material: Composite
  • Outbuilding1: Shed, Dimensions: 16x8
  • Lake Type: Non Ski Lake
  • Water Features: Pier/Dock, Private Beach
  • Water Frontage: 200

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: Septic
  • Water Utilities: Public
  • Hvac: Ceiling Fan, High Efficiency Furnace
  • Water Type: Lake

Condo/Co-op/Association

  • Association Restrictions: Yes
  • Association Fees: 250
  • Association Fees Frequency: Annually

Schools

  • School District: Brown County School Corp.
  • Elementary School: Nashville
  • Middle School: Brown County
  • High School: Brown County

Lot Info

  • Lot Description: Waterfront
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 63162
  • Estimated Lot Size Acres: 1.45

Green Features

  • Energy Efficient: HVAC, Insulation

Tax Info

  • Annual Taxes: 302.4
  • Exemptions: Homestead, Mortgage

Multi Family

  • Water Access: Frontage Lot

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2013
Closed on
Oct 18, 2013
Sold by
James Kent James Kent
Bought by
Schroeder Thomas J and Schroeder Mary Beth
List Price
$249,000
Sold Price
$206,000
Premium/Discount to List
-$43,000
-17.27%
Current Estimated Value
$424,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,271
Avg. Annual Appreciation
6.18%
Source: Public Records

Range of Values:

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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
Schroeder Thomas J -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2013 10/16/13 Sold $206,000 -17.3% $84 / Sq Ft
10/03/2013 10/03/13 Pending -- -- --
07/15/2013 07/15/13 For Sale $249,000 -- $102 / Sq Ft
Source: Indiana Regional 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
2024 $807 $295,300 $47,700 $247,600
2023 $685 $233,600 $39,300 $194,300
2022 $879 $250,200 $39,300 $210,900
2021 $877 $233,200 $39,300 $193,900
2020 $732 $218,300 $35,800 $182,500
2019 $687 $208,200 $35,800 $172,400
2018 $869 $208,200 $35,800 $172,400
2017 $882 $213,300 $35,800 $177,500
2016 $2,512 $218,200 $35,800 $182,400
2014 -- $213,000 $35,800 $177,200
2013 -- $179,100 $35,800 $143,300
Source: Public Records

Map

Source: Indiana Regional MLS

MLS Number: 201309082

Indiana Regional MLS

APN: 07-11-04-300-216.000-004

Indiana Brown County Nashville 47448

4241 Somerset Lake Rd, Nashville, IN

This home is located at 4241 Somerset Lake Rd, Nashville, IN 47448 since 15 July 2013 and is currently estimated at $424,271, approximately $173 per square foot. This property was built in 1962. 4241 Somerset Lake Rd is a home located in Brown County with nearby schools including Brown County High 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.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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