Somerset No Seven Homes for Sale

Somerset No Seven is a residential community in Lauderdale Lakes, Florida.

Pure Equity Realty covers Somerset No Seven and the Lauderdale Lakes area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 6 Somerset No Seven Lauderdale Lakes homes for sale as of October 2026. The median asking price is $108,000. Asking prices run from $65,000 to $120,000.

That is 9% below the Lauderdale Lakes median of $119,000. On a per-foot basis, homes here ask about $134 per square foot, roughly in line with the city at $132. So the median price buys roughly 800 square feet of living area.

Listings here have averaged 143 days on the market. That tracks the Lauderdale Lakes average of 170 days, so pricing and terms follow the wider city market.

Homes listed in Somerset No Seven date from 1974 to 1975. That puts them between 51 and 52 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Condo buyers should also know Florida's 2022 condo safety law. It requires milestone structural inspections for buildings three stories or taller as they age. It also requires a structural integrity reserve study. Before you sign, request both reports and the current reserve balance.

Somerset No Seven is a condo building. Also request the association budget, recent minutes and any special assessments before you sign.

Rentals in Somerset No Seven have a median asking rent of $1,600 per month, across 3 active rental listings. For comparison, the Lauderdale Lakes median is $1,700, so rents here run 6% lower.

You can browse current Lauderdale Lakes rentals or ask us for a rent estimate on a specific Somerset No Seven home.

Here is what the median Somerset No Seven price means in Florida closing terms. At $108,000, a 20% down payment comes to about $22,000, leaving a loan near $86,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $302. Next, the intangible tax of 0.2% adds about $173. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Somerset No Seven median, that is about $756.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Somerset No Seven listings show assignments to Rock Island (elementary), William E. Dandy (middle) and Boyd H. Anderson (high). However, boundaries can change each year, so confirm the assignment for a specific address with Broward County Public Schools.