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$563,499

Beds
4
Baths
2.5
sq ft
2,134

7501 Somerset Ter, Frederick, MD 21702

7501 Somerset Ter

FREDERICK, MD 21702

  • 142 days on market
    • Price drop $6,500↓
Stunning 4-Bedroom Home in Serene Frederick County Neighborhood Welcome to this beautifully upgraded two-level home, nestled in one of Frederick County’s most serene neighborhoods. This spacious residence offers 4 bedrooms, 2.5 baths, and an array of modern upgrades that make it perfect for comfortable living. The main level features a bright and airy sunroom, perfect for morning coffee or relaxing afternoons. The heart of the home is the beautifully upgraded kitchen, designed with top-of-the-line appliances and plenty of space for cooking and entertaining. The open floor plan flows seamlessly into a cozy family room, ideal for gatherings. The fully finished basement offers additional living space, including a home office, a full bath, and a direct entrance to the two-car garage, making it both functional and convenient. Outside, the property boasts a well-maintained yard that enhances the overall appeal of the home. Whether you're looking for a family-friendly environment or a quiet retreat, this home has it all. Don’t miss the chance to make this beautiful property your own!

Details

Property type

Single Family Residence

Est. home value

$464,809

Lot size

0.52 acres

Price per sq ft

$265

Year built

1962

Annual property taxes

$4,157

HOA

No

Price History

10/23/2024
Bright

Bright #MDFR2052296

Price change
$563,499
-1.14%
09/09/2024
Bright

Bright #MDFR2052296

Price change
$569,999
-0.87%
08/05/2024
Bright

Bright #MDFR2052296

Listed
$574,999
+40.24%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

FREDERICK COUNTY PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$152,139
Asking price
$563,499
Closing costs (~8% of asking)
-$45,080
Est. remaining loan balance
-$366,280
Cash to seller
$152,139

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Vellum Mortgage Llc

Loan start date

May 2021

Original loan amount

$396,316

Est. remaining balance

$366,280

Interest rate

3.17%

Loan type

FHA, 30 year

Seller

Fatima Y Hache

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 4:20 AM

Listing updated: 11/11/2024 at 1:54 PM

Listed by: Miguel A Gotay, Realty Concepts Group LLC Phone #: (703) 998-0070

MLS: Bright #MDFR2052296

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