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12316 Somerset Drive

12316 Somerset Drive, Louisville, KY 40229
Property in South Side
Sold Aug 17, 2017
$124,000
$121,754 by Quicken Loans Inc
Mortgage Due Sep 01, 2047
12316 Somerset Drive has been categorized by the local assessors in Louisville, KY as a residential type of property. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 12316 Somerset Drive has 1,182 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,570 ft and across the front of the lot is 550 ft. The area measurement of the land has been determined as 8,635 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split foyer style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of a combination of material. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system we are unsure of. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 12316 Somerset Drive sold most recently in Aug 2, 2017 for a total of $124,000. If you work out the math, that's approximately a cost of $104.91 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,450 in taxes each year. 12316 Somerset Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $124,000. Improvements to the property, however, were assessed at a total of $124,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Split foyer
  • Exterior Walls Type: Combination
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,635
  • Lot Size Depth Feet: 1,570
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,182
  • Building Area: 1,182
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Other
  • Heated Square Feet: 1,182
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MARYVILLE SUB SEC DD
  • Land Acres: 0.198
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LT 343 SEC DD MARYVILLE

Ownership

  • Current Owner : HAMMOND JONATHAN
  • Current Owner 2: HAMMOND AMANDA
  • Previous Owner : AMY GOSE
  • Previous Owner 2: AMY ROBERT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bullitt County School District
  • Census Tract: 020601

Geography

  • Account Number: 422091
  • Section: DD
  • Parcel: 043-S00-18-009
  • Lot: 343
  • Municipality: PIONEER
  • Latitude: 38.0661
  • Longitude: -85.6845

    Address

  • Full Address: 12316 Somerset Dr
  • Address - House Number: 12316
  • Address - Street Name: Somerset
  • Address - Suffix Type: Dr
  • State: KY
  • City Name: Louisville
  • Carrier Code: C063
  • 4-Digit Zip Code: 3527
  • Zip Code: 40229

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,450
  • Tax Rate Code Area: 08

    Appraisal Valuation

  • Standard Deviation: 0.2591
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 63
  • Final Value: 215,463
  • High Value: 271,302
  • Low Value: 159,625

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $124,398
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: Aug 17, 2017
  • First Open Lien Mortgage Loan Amount: $121,754
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2047
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Mar 08, 2022
  • Second Open Lien Mortgage Loan Amount: $2,644
  • Second Open Lien Mortgage Term: 305
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Sep 01, 2047

    Market Valuation

  • Market Total Value: $124,000
  • Market Improvement Value: $124,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $124,000
  • Assessed Improvements Value: $124,000

    Sales

  • Current Sale Contract Date: Aug 02, 2017
  • Current Sale Recording Date: Aug 17, 2017
  • Current Sale Transaction ID: 11727210539
  • Current Sale Price: $124,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 585170

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: Aug 17, 2017
  • First Mortgage Loan Amount: $121,754
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2047

About South Side



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Frequently Asked Questions

What neighborhood is 12316 Somerset Drive located in?
The 12316 Somerset Drive is a located in the neighborhood of South Side in South Side, Louisville.
What is the average sales price for listings in 12316 Somerset Drive?
The average sales price for units in 12316 Somerset Drive is $0 currently.

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