NOT LISTED FOR SALE

7318 Somerset Hill Ln Richmond, TX 77407

Lakemont Neighborhood

Estimated Value: $312,580 - $328,000

3 Beds
3 Baths
2,082 Sq Ft
$154/Sq Ft Est. Value

About This Home

This home is located at 7318 Somerset Hill Ln, Richmond, TX 77407 and is currently estimated at $320,145, approximately $153 per square foot. 7318 Somerset Hill Ln is a home located in Fort Bend County with nearby schools including H.F. McNeill Elementary School, Henry Wertheimer Middle School, and Briscoe Junior High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2006
Sold by
Grindal Lance and Grindal Mary
Bought by
Ofordu Fredrick
Current Estimated Value
$320,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Outstanding Balance
$100,968
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$220,068

Purchase Details

Closed on
Aug 28, 2003
Sold by
Lennar Homes Of Texas Inc
Bought by
Grindal Lance and Grindal Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,772
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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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.

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First American

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Quantarium

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Average Value
Not Available
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
Ofordu Fredrick -- Chicago Title
Grindal Lance -- North American Title Co
Lennar Homes Of Texas Sales & Mktg Ltd -- North American Title Co
Ofordu Fredrick Est -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ofordu Fredrick $150,000
Previous Owner Grindal Lance $140,500
Previous Owner Grindal Lance $109,772
Closed Grindal Lance $27,443
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
2023 $8,419 $316,085 $26,990 $289,095
2022 $8,132 $289,480 $26,990 $262,490
2021 $5,969 $211,550 $26,990 $184,560
2020 $5,932 $207,970 $26,990 $180,980
2019 $5,940 $199,190 $26,990 $172,200
2018 $5,809 $193,970 $26,990 $166,980
2017 $5,781 $192,550 $26,990 $165,560
2016 $5,438 $181,130 $26,990 $154,140
2015 $2,686 $164,660 $26,990 $137,670
2014 $2,571 $149,690 $26,990 $122,700
Source: Public Records

Map

Texas Fort Bend County Richmond 77407 Lakemont

7318 Somerset Hill Ln, Richmond, TX

This home is located at 7318 Somerset Hill Ln, Richmond, TX 77407 and is currently estimated at $320,145, approximately $153 per square foot. 7318 Somerset Hill Ln is a home located in Fort Bend County with nearby schools including H.F. McNeill Elementary School, Henry Wertheimer Middle School, and Briscoe Junior High School.

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