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231 Balsam Drive

231 Balsam Drive, Somerset, WI 54025
Property in Somerset
Sold May 17, 2021
$310,000
$288,674 by Waterstone Mortgage
Mortgage Due May 17, 2051
Sold Jun 30, 2006
$220,000
$220,145 by American Mortgage Network Inc
Mortgage Due Jul 01, 2036
Local assessors in Somerset, WI have categorized 231 Balsam Drive as a residential type of property. The home was built in 2004 and is 20 years old. The property's lot size has been calculated to be 12,595 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a split level style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 2 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. If we look only at the heated or air conditioned part of the building, then 231 Balsam Drive has a total of 1,125 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 1,112 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of asphalt. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in May 7, 2021 for $310,000. That's $278.78 per sqft. Prior to that sales transaction, the property was also sold in Jun 19, 2006 for $220,000. 231 Balsam Drive was last assessed in 2023. The total value of the property was assessed at $197,500. Specifically, the land the property is located on was valued at $30,500. While improvements on the property were assessed at a total of $167,000. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $3,299. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Total Rooms: 2
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Split level
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Asphalt
  • Basement Type: Full basement
  • Basement Area: 1,112
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,595
  • Total Building Area: 1,112
  • Gross Building Area: 1,112
  • Building Area: 1,112
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,125
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SECOND ADD'N TO WHISPERING PINES
  • Land Acres: 0.289
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC 35 T31N R19W PT NW NE SECOND ADDN TO WHISPERING PINES LOT 68

Ownership

  • Current Owner : WINTER KAYLA
  • Current Owner 2: EAVES JAMES
  • Previous Owner : PAULSON JUSTIN
  • Previous Owner 2: PAULSON AMBER
  • Owner Before Previous Owner: PFEFFERD BUILDERS INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Somerset School District
  • School Tax School District: 5432
  • School Tax District Code 2: 1700
  • Census Tract: 120401

Geography

  • Parcel: 181-4087-68-000
  • Lot: 68
  • Meridian: SEC 35 TWN 31N RNG 19W
  • Municipality: VILLAGE OF SOMERSET
  • Latitude: 45.1365
  • Longitude: -92.6805

    Address

  • Full Address: 231 Balsam Dr
  • Address - House Number: 231
  • Address - Street Name: Balsam
  • Address - Suffix Type: Dr
  • State: WI
  • City Name: Somerset
  • Carrier Code: R005
  • 4-Digit Zip Code: 9718
  • Zip Code: 54025

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,299

    Appraisal Valuation

  • Standard Deviation: 0.1623
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 281,727
  • High Value: 327,472
  • Low Value: 235,983

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $313,674
  • First Open Lien Mortgage Lender: WATERSTONE MORTGAGE
  • First Open Lien Mortgage Recording Date: May 17, 2021
  • First Open Lien Mortgage Loan Amount: $288,674
  • 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: May 17, 2051
  • Second Open Lien Mortgage Lender: ROYAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: May 24, 2022
  • Second Open Lien Mortgage Loan Amount: $25,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: May 24, 2052

    Market Valuation

  • Market Total Value: $197,500
  • Market Land Value: $30,500
  • Market Improvement Value: $167,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $197,500
  • Assessed Land Value: $30,500
  • Assessed Improvements Value: $167,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 07, 2021
  • Current Sale Recording Date: May 17, 2021
  • Current Sale Transaction ID: 11836134253
  • Current Sale Price: $310,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1130153
  • Previous Sale Recording Date: Jun 30, 2006
  • Previous Sale Contract Date: Jun 19, 2006
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WATERSTONE MORTGAGE
  • First Mortgage Transaction Date: May 17, 2021
  • First Mortgage Loan Amount: $288,674
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN MORTGAGE NETWORK INC
  • Previous Mortgage Transaction Date: Jun 30, 2006
  • Previous Mortgage Loan Amount: $220,145
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2036

About Somerset



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Frequently Asked Questions

What neighborhood is 231 Balsam Drive located in?
The 231 Balsam Drive is a located in the neighborhood of Somerset in Somerset, Somerset.
What is the average sales price for listings in 231 Balsam Drive?
The average sales price for units in 231 Balsam Drive is $0 currently.

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