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    Overlook Dr Somerset, PA 15501

    Sponsored
    For Sale
    $49,000

    Build your dream home on 0.55 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.55-acre commercial land parcel presents a unique opportunity in the desirable Somerset Borough, Pennsylvania. Located on Overlook Dr, (APN: Part of S41-045-024-01), this property is zoned for residential use, making it ideal for constructing a new home. The lot's size offers ample space for a substantial dwelling and landscaping. A significant advantage is the inclusion of a previously purchased sewer tap, eliminating a considerable expense and expediting the building process. This simplifies the development timeline and reduces upfront costs. The property is conveniently situated within Somerset Borough, offering proximity to local amenities, services, and transportation routes. This is a rare chance to acquire a build-ready lot in a sought-after location, combining convenience with the potential to create a custom-designed residence. The asking price is $49,000. The property's address is Overlook Dr, Somerset, PA 15501. This is a prime opportunity for those seeking to build in a desirable Somerset County neighborhood.

    Property Features for 0 Overlook Dr

    General Information

    Property type
    Land
    Lot Size
    23,958 SF

    HighLights

    • $49,000 asking price for 0.55 acres of commercial land.
    • Located in Somerset, PA, 15501, on Overlook Dr.
    • Property is zoned Residential.
    • APN: Part of S41‑045‑024‑01.
    • Includes previously purchased sewer tap.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Somerset
    County
    Somerset
    State
    Pennsylvania
    Longitude
    -79.1001184
    Latitude
    39.9999905

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    FAQs

    What type of property is this?
    Land - Build your dream home on 0.55 acres.
    Where is this land located?
    The property is located at Overlook Dr Somerset, PA.
    What is the asking price?
    The asking price for this property is $49,000.
    What are key features of this property?
    This property features: $49,000 asking price for 0.55 acres of commercial land.; Located in Somerset, PA, 15501, on Overlook Dr.; Property is zoned Residential.
    (814) 445-4748
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    Overlook Dr Somerset, PA 15501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Overlook Dr Somerset, PA 15501
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