NOT LISTED FOR SALE

505 Somerset Way Newport, NC 28570

Estimated Value: $515,000 - $699,273

3 Beds
2.5 Baths
2,893 Sq Ft
$220/Sq Ft Est. Value

Last Sold March 30, 2023

Last sale price $607,500 $210 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,812/month

10 Days on Market

Highlights

  • Views of a Sound
  • Boat Dock
  • Home fronts a sound
  • Bogue Sound Elementary School Rated A-
  • Water Access
  • Gated Community

About This Home

As of March 2023

What do they say? Oh yea IT'S ALL ABOUT LOCATION! LOCATION! LOCATION! Well look no further. This is it! She's the one folks! The one with the gorgeous ICW water views AND all the Southern Country charm you can dream of. Here is a rare opportunity to own this custom built home, designed by the late Mr. Lawrence Jackson Holden, especially for his wife and family. (Take a tour and view the original blueprints for this home, how cool is that?)Never before on the market. Built in one of Carteret Counties most sought after neighborhoods, ''Somerset Plantation.'' She sits on a generous sized lot with easy to maintain landscaping. This home is located in the back of the neighborhood across from the neighborhood boat ramp, day docks and picnic area, which according to the owner, means there's no chance of anyone building and blocking the views from this home unlike so many other water view properties. Her impeccable water views can be seen from almost every room in the house, from the front porch or my personal favorite, right off the 2nd story balcony. (I'll bet your morning coffee just taste BETTER up there, somehow.) So, ''why's her price tag so appealing'' you ask? Well, because you'll need to pour a little extra love into her. She could use a fresh coat of paint, updating in the bathrooms and perhaps some new flooring. But her bones are great and at this price she's the perfect home for revitalizing, and adding your own touches. You can change so much about a home, but one thing you can't change is location. This could be the deal of the decade. Don't let her slip away because once she's sold, you may never have an opportunity like this one again.

Last Agent to Sell the Property

Lisa Harrison

Harrison Homes Real Estate Group License #292437 Listed on: 03/11/2023

Last Buyer's Agent

Pam Bird

Al Williams Properties License #235965

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,719

Year Built

  • Built in 1993

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 100x195x100x200
  • Home fronts a sound
  • Street terminates at a dead end
  • Fenced Yard

HOA Fees

  • $50 Monthly HOA Fees

Property Views

  • Views of a Sound
  • Intracoastal Views

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Stick Built Home

Interior Spaces

  • 2,893 Sq Ft Home
  • 2-Story Property
  • Furnished or left unfurnished upon request
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Skylights
  • Gas Log Fireplace
  • Blinds
  • Combination Dining and Living Room
  • Home Office
  • Bonus Room
  • Sun or Florida Room
  • Utility Room
  • Laundry Room

Kitchen

  • Double Oven
  • Electric Cooktop
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Walk-in Shower

Attic

  • Attic Floors
  • Pull Down Stairs to Attic
  • Partially Finished Attic

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Water Access
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Shed

Schools

  • Bogue Sound Elementary School
  • Broad Creek Middle School
  • Croatan High School

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Propane
  • Propane Water Heater
  • Water Softener
  • Fuel Tank
  • On Site Septic
  • Septic Tank

Additional Features

  • Accessible Ramps
  • Energy-Efficient HVAC

Listing and Financial Details

  • Assessor Parcel Number 634603134170000

Community Details

Overview

  • Somerset Plantation HOA
  • Somerset Plantation Subdivision
  • Maintained Community

Recreation

  • Boat Dock
  • Tennis Courts
  • Community Basketball Court
  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,719

Year Built

Built in 1993

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Type: A
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: Two
  • Year Built: 1993
  • Horses Y N: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Attic: Floored, Floored - Partial, Stairs - Pull Down
  • Dining Room Type: Combination
  • Fireplace: 1
  • Flooring: Carpet, Tile, Wood
  • Heated Sq Ft: 2800 - 2999
  • Interior Amenities: 1st Floor Master, 9Ft+ Ceilings, Blinds/Shades, Ceiling Fan(s), Gas Logs, Kitchen Island, Pantry, Skylights, Solid Surface, Walk-in Shower, Walk-In Closet
  • Laundry Location: Room
  • List Price per Sq Ft: 233.32
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Bedrooms: 3
  • Number Rooms: 11
  • Sq Ft Heated: 2893.00
  • Total Heated Primary Separate Sq Ft: 2893.00
  • Furnished: Unfurnished

Exterior Features

  • Exterior Finish: See Remarks
  • Exterior Structures: Shed(s)
  • Fencing: Back Yard, Partial
  • Foundation: Crawl Space
  • On Site Pool Spa: None
  • Porch Balcony Deck: Balcony, Covered, Deck, Porch
  • Road Type Frontage: Paved
  • Roof: Shingle
  • Waterfront: No
  • Waterview: Yes

Garage/Parking

  • Attached Garage Spaces: 2.00
  • Total Garage Spaces: 2.00
  • Parking Driveway: Paved

Utilities

  • Appliances Equipment: Cooktop - Electric, Dishwasher, Double Oven, Refrigerator, Water Softener
  • Cooling System: Central
  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: Propane Above Ground, Propane Buried
  • Fuel Tank Ownership: Owned
  • Heating System: Gas Pack, Heat Pump
  • Service Providers Electric Provider: Carteret-Craven Electric Cooperative
  • Utilities: Septic On Site
  • Water Heater: Propane
  • HeatingSystemFuelSource: Propane Gas

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Basketball Court, Boat Dock, Community Pool, Gated, Maint - Comm Areas, Maint - Roads, Ramp, Street Lights, Tennis Court(s)
  • HOAAssociationFee1Year: 600.00
  • HOAAssociationName: Somerset Plantation HOA

Lot Info

  • Deed Book: 1464
  • Deed Page: 439.00
  • Lot Acres: 0.45
  • Lot Description: Dead End
  • Lot Dimensions: 100x195x100x200
  • Lot Sq Ft: 2893.00
  • Lot Water Features: Sound Side, Water Access Comm, Waterfront Comm
  • Plat Book: 26
  • Plat Page: 61
  • Zoning: res
  • Lot View Type: ICW View, Sound View, Water View

Tax Info

  • Tax Identifier: 634603134170000
  • Tax Year: 2022
  • Total Real Estate Property Taxes: 1719.35

MLS Schools

  • Elementary School: Bogue Sound
  • High School: Croatan
  • Middle School: Broad Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2023
Closed on
Mar 30, 2023
Sold by
Holden David Leroy
Bought by
Holden David Leroy
Seller's Agent
Lisa Harrison
Harrison Homes Real Estate Group
Buyer's Agent
Pam Bird
Al Williams Properties
List Price
$675,000
Sold Price
$607,500
Premium/Discount to List
-$67,500
-10%
Views
122
Current Estimated Value
$680,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,389
Avg. Annual Appreciation
1.82%
Source: Public Records

Range of Values:

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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
Holden David Leroy $607,500 --
Holden David Leroy $607,500 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2023 03/30/23 Sold $607,500 -10.0% $210 / Sq Ft
03/11/2023 03/11/23 For Sale $675,000 -- $233 / Sq Ft
Source: Hive 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
2025 $1,823 $565,550 $129,113 $436,437
2024 $1,841 $385,163 $95,288 $289,875
2023 $1,915 $385,163 $95,288 $289,875
2022 $1,876 $385,163 $95,288 $289,875
2021 $0 $385,163 $95,288 $289,875
2020 $1,711 $385,163 $95,288 $289,875
2019 $1,661 $392,315 $85,870 $306,445
2017 $1,661 $392,315 $85,870 $306,445
2016 $1,661 $392,315 $85,870 $306,445
2015 $1,622 $392,315 $85,870 $306,445
2014 -- $404,458 $89,505 $314,953
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100373571

Hive MLS

APN: 6346.03.13.4170000