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$495,000

$499,990

1516 Somerset Lane, Weatherford, TX, 76087

On MarketInfo
Price DropInfo
Beds5 Beds
Baths4 Bath
Baths3,083 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$160.56 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave

Exterior

Lot Size9,104 sqft

Building Information

Year Built2021
Garage Spaces2

Land Information

APNR000118403
Lot Number40
SubdivisionSilverstone @ Pearson Ranch
Land UseResidential
Legal DescriptionACRES: 0.209 LOT: 40 BLK: B SUBD: SILVERSTONE @ PEARSON RANCH PH 9 F-49
Census Tract140711
Assessed Land Value$60,000
Assessed Improvement Value$335,000
Assessment Year2025

About this property

Offering Buyer $5,000 Towards Closings cost with use of preferred lender. Welcome to 1516 Somerset Lane in Weatherford—a beautifully maintained, move-in ready 5-bedroom, 4 Bathroom home offering the perfect blend of space, comfort, and convenience. Designed with large or growing families in mind, this spacious home features a functional open-concept floor plan with room for everyone to spread out. The inviting living room flows seamlessly into the kitchen and dining area, creating an ideal space for everyday living and entertaining. The kitchen offers abundant cabinetry, generous counter space, and a layout perfect for gathering with family and friends. The thoughtfully designed floor plan includes 4 spacious bedrooms downstairs, including the private primary suite with an ensuite bath and walk-in closet, plus a dedicated home office. Upstairs, you'll find a private guest suite with a full bathroom and a large second living area or game room, providing the perfect setup for guests, multi-generational living, or a media room. Step outside to enjoy the large screened in covered patio and spacious backyard, ideal for entertaining, relaxing, or outdoor activities. Conveniently located with quick access to I-20, this home is just minutes from Costco, H-E-B, Sprouts, Target, HomeGoods, Lowe's, Best Buy, Academy Sports Outdoors, restaurants, and everyday shopping. Enjoy nearby Lake Weatherford, scenic parks, walking and biking trails, fishing, kayaking, playgrounds, and the charm of Historic Downtown Weatherford, featuring local boutiques, restaurants, coffee shops, seasonal events, and community festivals. Offering 5 bedrooms, 4 Full Bathrooms, multiple living spaces, a home office, guest suite, game room, covered patio, and an unbeatable Weatherford location, this home truly checks every box. Schedule your private showing today before its gone!

Investor Tools

Property Icon
$397,000
Estimated Property Value
$0Estimated Mortgage Balance
$107,304Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month

Interested in this property?

Mariah Kessler

Elite Real Estate Texas

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$165/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$395,000
2025
$60,000
$335,000
$395,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$395,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Conventional
$296,250
No
First
Apr 7, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$289,696
$107,304
27%
73%
$1,777/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Weatherford

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1516 Somerset Lane | Property Details | No Agent List