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501 Somerset Drive

Lebanon, IN 46052

PendingListed Oct 8, 2026 · 12 days on market

Key facts

Beds
2
Baths
2 full
Living area
1,152 sqft
Lot
0.24 acres
Year built
1992
Type
Residential · Single Family Residence
Stories
One
Garage
1 space
MLS #
22130111
County
Boone
Subdivision
Somerset

About this home

Easy Living Starts Here! Say goodbye to mowing the lawn and hello to low-maintenance living! Tucked away on a quiet cul-de-sac, this charming 2-bedroom, 2-full-bath condo offers comfort and convenience. The generously sized great room features a cozy gas-log fireplace and beautiful new laminate flooring. The spacious primary bedroom offers a large walk-in closet with plenty of storage. Step outside to enjoy the inviting patio, complete with a partial privacy fence-perfect for morning coffee or relaxing at the end of the day. Whether you're looking to downsize or simply enjoy a more carefree lifestyle, this condo is a wonderful place to call home!

Description provided by the listing brokerage.

Interior

Appliances
Electric CooktopDishwasherDryerDisposalGas Water HeaterMicroHoodElectric OvenRefrigeratorWasherWater HeaterWater Softener Owned
Interior features
Attic Pull Down StairsCathedral Ceiling(s)
Fireplaces
1
Fireplace type
Gas LogGreat Room
Laundry
Laundry Room
Windows
Low-Emissivity Windows
Rooms
5
Main-level bedrooms
2

Exterior

Patio and porch
PatioPorch
Construction
BrickVinyl Siding
Foundation
Block
Style
Ranch
Parking and garage
Attached
Fencing
Partial
Other equipment
Smoke Alarm

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Public
Utilities
Cable AvailableElectricity ConnectedNatural Gas Connected

Lot and HOA

HOA fee
$260 / quarterly
Lot features
Cul-De-SacStorm SewerStreet Lights
HOA fee includes
Association Home OwnersEntrance CommonEntrance PrivateInsuranceLawncareMaintenance GroundsMaintenance
HOA amenities
InsuranceMaintenance GroundsMaintenance

Schools

Elementary school
Central Elementary School
Middle school
Lebanon Middle School
High school
Lebanon Senior High School
School district
Lebanon Community School Corp

Taxes

Estimated annual tax
$1,546 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,510per month, estimated
Principal and interest $1,210Property tax $129Insurance $84HOA $87
20% · $48,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$240,000
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