NOT LISTED FOR SALE

4251 Somerset Lake Rd Nashville, IN 47448

Estimated Value: $555,000 - $603,000

2 Beds
2 Baths
2,160 Sq Ft
$267/Sq Ft Est. Value

Last Sold July 26, 2023

Last sale price $565,000 $262 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,143/month

1 Day on Market

Highlights

  • 30 Feet of Waterfront
  • Open Floorplan
  • Near a National Forest
  • Pier or Dock
  • Lake Property
  • Vaulted Ceiling

About This Home

As of July 2023

Stunning Lakefront retreat on tranquil Somerset Lake. Conveniently located between Bloomington and Nashville with a beautiful stroll to Yellowwood State Forest for the best that nature has to offer. This two bedroom two full bath ranch over walkout lower level has been completely and meticulously redone over the last 3 years with luxury high end finishes and attention to detail in every room. The open concept living and dining room boasts vaulted ceilings with wood beams, loads of natural light and sweeping views of the lake, a Brown County stone fireplace, separate wood clad family room, hardwood floors, fresh bright white paint and all new lighting. The kitchen features new quartz and hardwood countertops, backsplash and feature wall, new high end Hallman Italian range, Bosch refrigerator and Krauss sink, disposal and water filtration system. Both full bathrooms have been remodeled with Restoration Hardware vanities, tiled step in shower downstairs and beautiful extra deep soaker tub on main level, new flooring and lighting with whisper-quiet exhausts. Each bedroom feels like a luxury hotel room, light and bright with lake views. The primary bedroom has French doors leading to a lower level deck and two cedar closets. The walk-in California Closet system has been painstakingly designed and includes a jewelry drawer with remote control lock. The former unfinished laundry/utility room has been transformed into a music or movie room and rec room with rustic barn wood walls and doors that hide the laundry and mechanicals as well as adding storage. Improvements don't stop there...outside you will find a new roof, fresh paint, new steps from drive to front door and landscaping to clear the underbrush in the wooded back yard to optimize lake views. Two-level wraparound decks and 20x20 dock at waters edge offers the ultimate in outdoor living. Not an inch of this home has gone untouched...see separate list for all the updates. A final note...Somerset Lake is a non-motor boat lake which allows for complete serenity, ideal for nature lovers and those seeking the ultimate in outdoor recreational activities including swimming, paddle boarding, canoeing, fishing and more right out of your own back door. This home is ready for your enjoyment for years to come!

Last Agent to Sell the Property

Kerry Feigenbaum

FC Tucker/Bloomington REALTORS Listed on: 06/19/2023

FC Tucker/Bloomington REALTORS

Last Buyer's Agent

Jeffrey Franklin

FC Tucker/Bloomington REALTORS

FC Tucker/Bloomington REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $854

Year Built

  • Built in 1970

Lot Details

  • 0.56 Acre Lot
  • 30 Feet of Waterfront
  • Lake Front
  • Backs to Open Ground
  • Sloped Lot
  • Partially Wooded Lot

HOA Fees

  • $21 per month

Parking

  • Gravel Driveway

Home Design

  • Cabin
  • Shingle Roof
  • Wood Siding
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Crown Molding
  • Beamed Ceilings
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Great Room
  • Living Room with Fireplace
  • Washer and Electric Dryer Hookup

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Cedar Closet
  • Walk-In Closet
  • Garden Bath
  • Separate Shower

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Block Basement Construction
  • 1 Bathroom in Basement
  • 2 Bedrooms in Basement
  • Natural lighting in basement

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient Appliances

Outdoor Features

  • Sun Deck
  • Lake Property
  • Lake, Pond or Stream
  • Patio

Schools

  • Helmsburg/Brown Elementary School
  • Brown County Middle School
  • Brown County High School

Utilities

  • Central Air
  • High-Efficiency Furnace
  • Heat Pump System
  • Heating System Powered By Leased Propane
  • Propane
  • ENERGY STAR Qualified Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 07-11-04-300-217.000-004

Community Details

Overview

  • $21 Other Monthly Fees
  • Somerset Subdivision
  • Near a National Forest

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$854

Year Built

Built in 1970

Lot Details

0

HOA Fees

$21 per month

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1970
  • Age: 53
  • Style: Two Story
  • Architectural Style: Cabin/Cottage
  • Total Number of Rooms: 8
  • Total Number of Rooms Below Grade: 4
  • Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Somerset Lake Lot 9
  • Parcel Number ID: 07-11-04-300-217.000-004
  • Platted: Yes
  • Amenities: Adj to State/Natnl Forest, Breakfast Bar, Ceiling-9+, Ceilings-Beamed, Ceilings-Vaulted, Closet(s) Cedar, Closet(s) Walk-in, Countertops-Solid Surf, Crown Molding, Deck Open, Deck on Waterfront, Detector-Carbon Monoxide, Detector-Smoke, Disposal, Dryer Hook Up Electric, Garden Tub, Kitchen Island, Near Walking Trail, Open Floor Plan, Pantry-Walk In, Patio Open, Range/Oven Hk Up Gas/Elec, Six Panel Doors, Stand Up Shower, Great Room, Washer Hook-Up
  • Location: Lake, Near Walking Trail
  • Number Below Grade Bedrooms: 2
  • Road Surface: Asphalt
  • Sp Lp Percent: 99.3
  • Year Taxes Payable: 2023
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 2160
  • Total Finished Sq Ft: 2160
  • Above Grade Finished Sq Ft: 1080
  • Below Grade Finished Sq Ft: 1080
  • Price Per Sq Ft: 523.15
  • Basement: Yes
  • Basement Foundation: Daylight, Full Basement, Walk-Out Basement, Finished, Outside Entrance
  • Basement Material: Block
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, Wood Burning
  • Fireplace: Yes
  • Flooring: Hardwood Floors, Carpet, Tile
  • Living Great Room: Dimensions: 14x14
  • Kitchen: Dimensions: 13x12, On Level: Main
  • Dining Room: Dimensions: 10x14, On Level: Main
  • Family Room: Dimensions: 15x11, On Level: Main
  • Den: Dimensions: 10x10
  • Recreation Room: Dimensions: 14x7, On Level: Lower
  • Bedroom 1: Dimensions: 19x10, On Level: Lower
  • Bedroom 2: Dimensions: 11x10, On Level: Lower
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 1080

Exterior Features

  • Exterior: Stone, Wood
  • Roof Material: Shingle, Dimensional Shingles
  • Outbuilding1: None, Dimensions: 10x12
  • Lake Type: Non Ski Lake
  • Water Features: Pier/Dock
  • Water Frontage: 30
  • Water Name: Somerset Lake

Garage/Parking

  • Driveway: Gravel

Utilities

  • Cooling: Central Air
  • Heating Fuel: Propane, Conventional, Heat Pump, Propane Tank Rented
  • Sewer: Septic
  • Water Utilities: City
  • Electric Company: South Central REMC
  • Gas Company: Gailes Gas
  • Water Company: Brown County Wtr Utility
  • Cable Company: DirectTV
  • Hvac: High Efficiency Furnace
  • Laundry: Dimensions: Lowerx3, On Level: 5
  • Water Type: Lake

Condo/Co-op/Association

  • Other Fee Description: Optional Fee Paid for Lake Maintenance
  • Other Fees Dollar: 250

Schools

  • School District: Brown County School Corp.
  • Elementary School: Helmsburg/Brown
  • Middle School: Brown County
  • High School: Brown County
  • Elementary School: Helmsburg/Brown

Lot Info

  • Lot Description: Partially Wooded, Slope, Waterfront, Lake
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 24394
  • Estimated Lot Size Acres: 0.56

Green Features

  • Energy Efficient: Appliances, Water Heater

Tax Info

  • Annual Taxes: 854.4
  • Exemptions: Homestead

Multi Family

  • Water Access: Lakefront

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2023
Closed on
Jul 17, 2023
Sold by
Berman Bruce and Berman Jacquelin
Bought by
Tolchinsky Va Debra Kahn and Tolchinsky David Edelson
Seller's Agent
Kerry Feigenbaum
FC Tucker/Bloomington REALTORS
Buyer's Agent
Jeffrey Franklin
FC Tucker/Bloomington REALTORS
List Price
$569,000
Sold Price
$565,000
Premium/Discount to List
-$4,000
-0.7%
Views
5
Current Estimated Value
$575,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,811
Avg. Annual Appreciation
0.86%
Original Mortgage
$498,750
Outstanding Balance
$486,630
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$89,181

Purchase Details

Listed on
Jul 28, 2015
Closed on
Oct 23, 2015
Sold by
Scott Catherine P
Bought by
Berman Bruce and Berman Jacquelin
List Price
$299,500
Sold Price
$274,500
Premium/Discount to List
-$25,000
-8.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.75%
Source: Public Records

Range of Values:

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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
Tolchinsky Va Debra Kahn -- None Listed On Document
Berman Bruce -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tolchinsky Va Debra Kahn $498,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/26/2023 07/26/23 Sold $565,000 -0.7% $262 / Sq Ft
06/20/2023 06/20/23 Pending -- -- --
06/19/2023 06/19/23 For Sale $569,000 +107.3% $263 / Sq Ft
10/23/2015 10/23/15 Sold $274,500 -8.3% $156 / Sq Ft View Prior Sale
09/11/2015 09/11/15 Pending -- -- --
07/28/2015 07/28/15 For Sale $299,500 -- $171 / 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 $1,231 $425,400 $40,700 $384,700
2023 $863 $294,100 $33,600 $260,500
2022 $2,889 $298,200 $33,600 $264,600
2021 $2,930 $278,900 $33,600 $245,300
2020 $854 $263,600 $30,700 $232,900
2019 $771 $244,900 $30,700 $214,200
2018 $998 $247,300 $30,700 $216,600
2017 $1,050 $247,400 $30,700 $216,700
2016 $935 $249,800 $30,700 $219,100
2014 $386 $148,200 $15,300 $132,900
2013 $386 $145,400 $15,300 $130,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202326273

Indiana Regional MLS

APN: 07-11-04-300-217.000-004