Nestled among serene countryside in the Somerset Farms gated community, you'll find yourself in the midst of luxury and tranquility. Spacious 1 acre lot with ample room to build your new home while enjoying the peaceful country living. Imagine waking up to the peaceful sounds of nature, sipping coffee on your custom patio and watching the deer and wild turkey roam the neighborhood. Choose from the approved builders to build your dream home. Located just minutes from Tinker AFB and Oklahoma City, and only 30 minutes from Edmond via the new Kickapoo turnpike. This beautiful lot won't last long!!
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$567
Per Month
Principal & Interest
$500
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$366
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
James Griffith Intermediate Elementary School
1861 S Indian Meridian
Distance between this listing and this school2.64 miles
Public District Grades 3-5
3
/10
Clara Reynolds Elementary School
755 Harrison St
Distance between this listing and this school3.51 miles
Public District Grades 2-3
9
/10
Russell Babb Elementary School
20901 NE 10th St
Distance between this listing and this school4.03 miles
Public District Grades 4-5
Nearby Schools
5
/10
Harrah Middle School
1480 N Dobbs Rd
Distance between this listing and this school3.82 miles
Public District Grades 6-8
5
/10
McLoud Jr High School
1100 W Seikel Blvd
Distance between this listing and this school5.90 miles
Public District Grades 7-8
5
/10
Choctaw Middle School
14667 NE 3rd St
Distance between this listing and this school5.97 miles
Public District Grades 6-8
Nearby Schools
5
/10
Harrah High School
20370 Elm St
Distance between this listing and this school4.23 miles
Public District Grades 9-12
9
/10
Choctaw High School
14300 NE 10th St
Distance between this listing and this school5.20 miles
Public District Grades 9-12
5
/10
McLoud High School
1100 W Seikel Blvd
Distance between this listing and this school5.90 miles
The neighbors living near this home have an average income of $74,079. Residents of Newalla, OK typically earn between $35k-100k each year. The majority of families are married, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3188 Somerset Farms Rd
What is the listing price of this property?
The listing price of 3188 Somerset Farms Rd property is $100,000.
What type of property is this?
The property 3188 Somerset Farms Rd is land located in Newalla, Oklahoma, 74857.
Is this property for sale now?
Active Listing: 3188 Somerset Farms Rd is For Sale (Active/New) which means the seller is accepting offers.
How much acreage is this property?
The property 3188 Somerset Farms Rd is 1.02 acres.
Interested in 3188 Somerset Farms Rd? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 3188 Somerset Farms Rd in Newalla, OK and zip code 74857. This home sits on a 1.02 acre lot. It has been listed on Rocket Homes since December 31, 2024 and is currently priced at $100,000.
Over 2 listings were sold over their listed price in December 2024 in Newalla, OK. In the same period over 2 listings were sold below the listed price and 1 listings were sold for the listed price. The number of listings in Newalla, OK decreased by 5.4% between November 2024 and December 2024. While the average time on the market in December 2024 was 60 days, the median list price was $278,000.
From Rocket Homes Real Estate and based on county public records data.