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3120 Somerset Dr

Cleveland, TN 37323

3 bd 2 ba 1,896 sqft Built 1980 Lot 32,670 sqft single_family
Most recent sale
$265,000
Feb 8, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Feb 8, 2022 Sold $265,000 Public Record
Feb 7, 2022 Sold $265,000 MLS #1176772
Dec 29, 2021 Listed $264,900 MLS #1176772
Dec 28, 2021 Listed $264,900 MLS #1347825
Jul 30, 2021 Sold $135,000 Public Record
Apr 9, 2001 Sold $34,025 Public Record
Jan 28, 1987 Sold $34,025 Public Record
Aug 11, 1986 Sold $36,500 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $59,350 $6,250 $65,600 $794
2024 $59,350 $6,250 $65,600 $768
2022 $38,925 $4,325 $43,250 $768
2021 $16,600 $4,325 $20,925 $574
2020 $7,225 $3,700 $10,925 $243
2019 $7,225 $3,700 $10,925 $243
2018 $7,225 $3,700 $10,925 $231
2017 $7,225 $3,700 $10,925 $275
2016 $3,100 $3,500 $6,600 $153
2015 $6,600 $152
2014 $20,100 $546
2013 $20,100 $537
2012 $20,000 $439
2011 $20,000 $439
2010 $20,000 $439
2009 $20,000 $439
2008 $18,450 $458

Property facts

Year built
1980
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
1,896 sqft
Lot size
32,670 sqft
ZIP code
37323
City
Cleveland
Street
Somerset Dr
Coordinates
35.11865, -84.88406

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,844
Gross rental yield
12.88%
Implied cap rate
8.37%
Trend-extrapolated value

Frequently asked questions

When did 3120 Somerset Dr last sell?
3120 Somerset Dr most recently sold on Feb 8, 2022 for $265,000.
What is the current tax assessment for 3120 Somerset Dr?
The most recent total assessment for 3120 Somerset Dr (year 2025) is $65,600 with $794 in property tax.
How does 3120 Somerset Dr's assessment compare to its last sale price?
The current assessment is 75.2% below the last sale price of $265,000.
When was 3120 Somerset Dr built?
3120 Somerset Dr was built in 1980.
How does 3120 Somerset Dr compare to others on Somerset Dr?
We track 8 other properties on Somerset Dr. Browse the list under "Other properties on Somerset Dr" to compare beds, baths, and sale history.
What are the property facts for 3120 Somerset Dr?
3120 Somerset Dr is a 3 bed, 2 bath, 1,896 sqft, 32,670 sqft lot single_family.
Is 3120 Somerset Dr a flip candidate?
Yes — 3120 Somerset Dr appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 3120 Somerset Dr a tax-appeal candidate?
No — 3120 Somerset Dr is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+1.1%
Implied 1-yr
+4.4%
2026 Q3
$348.5K
2026 Q4
$352K
ZIP 37323 — Median Price History + Forecast

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