NOT LISTED FOR SALE

7501 Somerset Terrace Frederick, MD 21702

Estimated Value: $471,000 - $563,000

3 Beds
1.5 Baths
2,370 Sq Ft
$215/Sq Ft Est. Value

Last Sold May 12, 2021

Last sale price $410,000 $173 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,978/month

33 Days on Market

Highlights

  • Lake View
  • 1 Fireplace
  • No HOA
  • Wood Flooring
  • Sun or Florida Room
  • Hobby Room

About This Home

As of May 2021

This home with two driveways for plenty of parking is move-in ready and has a VIEW OF THE LAKE AND A NEW ROOF AND NEW VINYL SIDING! The hardwood floors were just refinished and they gleam! You'll love the sunroom off the back for your morning coffee or evening beverage. The 3 bedrooms are spacious with wood floors and cedar closets. The lower level has new LVP flooring, a new half bath, a huge laundry room with lots of storage space including a huge cedar closet, a family room with wood-burning fireplace and bar and a flex room for whatever you desire (crafts, office, etc.) The oversized two car garage has a sink and a workshop. Conveniently located close to commuter routes, shopping, restaurants and grocery stores yet in private Eastview with mature trees, a park, community center and a lake for your enjoyment. NO HOA, NO CITY TAXES! This home is eligible for ZERO DOWN USDA Financing. Elementary School is the new Butterfly Ridge Elementary School. Better see it soon before someone else gets to call it home! PASSING WELL YIELD AND SEPTIC REPORTS AVAILABLE!

Last Agent to Sell the Property

Christine Reeder

(301) 644-1086 chris.reeder@longandfoster.com Long & Foster Real Estate, Inc. License #581222 Listed on: 03/11/2021

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Erick Velasquez

(571) 921-9755 ericks2727@yahoo.com Samson Properties License #BR200201268

Samson Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,076

Year Renovated

  • 2020

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Side Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Split Foyer
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Property has 2 Levels
  • 1 Fireplace
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Hobby Room
  • Sun or Florida Room
  • Lake Views
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Laundry

  • Laundry Room
  • Laundry on lower level
  • Dryer
  • Washer

Schools

  • Butterfly Ridge Elementary School
  • Monocacy Middle School
  • Governor Thomas Johnson High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Vented Exhaust Fan
  • Hot Water Heating System
  • Well
  • Oil Water Heater
  • Septic Tank

Additional Features

  • Porch
  • Property is in very good condition

Community Details

  • No Home Owners Association
  • Eastview Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1124453014

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,076

Year Renovated

2020

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Split Foyer
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main
  • Year Renovated: 2020
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Exhaust Fan, Refrigerator, Stove, Washer, Water Heater
  • Flooring Type: Hardwood, Carpet, Vinyl
  • Interior Amenities: Breakfast Area, Family Room Off Kitchen, Wood Floors
  • Fireplaces Count: 1
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Sun/Florida Room, Laundry, Hobby Room, Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Full, Fully Finished
  • Laundry Type: Lower Floor
  • Total Sq Ft: 2370
  • Living Area Sq Ft: 2370
  • Price Per Sq Ft: 301.03
  • Above Grade Finished Sq Ft: 1362
  • Below Grade Finished Sq Ft: 1008
  • Total Below Grade Sq Ft: 1008
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Half Bathroom: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Roof: Architectural Shingle
  • View: Lake
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage Door Opener, Garage - Side Entry, Oversized
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Refuse: 88.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Forced Air, Hot Water
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School: BUTTERFLY RIDGE
  • High School: GOVERNOR THOMAS JOHNSON
  • Middle Or Junior School: MONOCACY

Lot Info

  • Improvement Assessed Value: 203200.00
  • Land Assessed Value: 97500.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 0.52
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Very Good
  • Zoning: R
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11545047
  • Tax Annual Amount: 3076.00
  • Assessor Parcel Number: 1124453014
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2021
Closed on
May 12, 2021
Sold by
Martin Janet L and Rowley Susan L
Bought by
Hache Fatima Y
Seller's Agent
Christine Reeder
Long & Foster Real Estate, Inc.
Buyer's Agent
Erick Velasquez
Samson Properties
List Price
$410,000
Sold Price
$410,000
Current Estimated Value
$510,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,139
Avg. Annual Appreciation
4.75%
Original Mortgage
$396,316
Outstanding Balance
$358,600
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$151,539

Purchase Details

Closed on
Jul 30, 2001
Sold by
Lawson Eugene M
Bought by
Ackerman Fred and Ackerman Rosemary
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hache Fatima Y $410,000 Peak Settlements Llc
Ackerman Fred $215,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hache Fatima Y $396,316
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2021 05/12/21 Sold $410,000 0.0% $173 / Sq Ft
04/13/2021 04/13/21 Pending -- -- --
03/26/2021 03/26/21 Price Changed $410,000 0.0% $173 / Sq Ft
03/26/2021 03/26/21 For Sale $410,000 +2.5% $173 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
03/15/2021 03/15/21 Price Changed $399,990 -5.9% $169 / Sq Ft
03/11/2021 03/11/21 For Sale $425,000 -- $179 / Sq Ft
Source: Bright MLS

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 $3,913 $379,700 -- --
2024 $3,913 $340,200 $0 $0
2023 $3,572 $300,700 $97,500 $203,200
2022 $3,406 $283,767 $0 $0
2021 $3,247 $266,833 $0 $0
2020 $3,077 $249,900 $97,500 $152,400
2019 $3,050 $249,900 $97,500 $152,400
2018 $2,929 $249,900 $97,500 $152,400
2017 $3,211 $272,400 $0 $0
2016 $3,331 $263,700 $0 $0
2015 $3,331 $255,000 $0 $0
2014 $3,331 $246,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDFR277232

Bright MLS

APN: 24-453014