Seller's Agent in 2015
Denine Kerns
Douglas Elliman Of California
(949) 689-7078
3 in this area
43 Total Sales
1216 Somerset Ln Newport Beach, CA 92660
Mariners NeighborhoodEstimated Value: $4,081,000 - $4,314,000
4
Beds
3.5
Baths
3,025
Sq Ft
$1,375/Sq Ft
Est. Value
Highlights
- Primary Bedroom Suite
- Ocean Side of Freeway
- Property is near a park
- Mariners Elementary School Rated A
- Fireplace in Primary Bedroom
- Wooded Lot
About This Home
As of November 20151216 Somerset Lane is a two story residence that presents a rare occasion to remodel the existing home or build the dream home to suit your lifestyle. This home offers 3025 square feet, 4 bedrooms (with the ability to easily convert some extra space into a 5th bedroom or nursery) 3.5 baths, a spacious 3 car garage and an expansive yard covering over 11,300 sq. ft. This quiet interior location is located on a street to street lot (backing up to Pescador) with close proximity to the Newport Aquatic Center, Mariners Park and 17th Street retail shops and restaurants offers a unique opportunity.
This is the first time the home has been on the market in over 24 years!
Last Agent to Sell the Property
Douglas Elliman Of California License #01248229 Listed on: 06/11/2015
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $24,069
Year Built
- Built in 1972
Lot Details
- 0.26 Acre Lot
- Cul-De-Sac
- Northwest Facing Home
- Fenced
- Fence is in good condition
- Landscaped
- Paved or Partially Paved Lot
- Level Lot
- Sprinklers Throughout Yard
- Wooded Lot
- Private Yard
- Lawn
- Garden
- Back and Front Yard
Parking
- 3 Car Direct Access Garage
- Parking Storage or Cabinetry
- Parking Available
- Front Facing Garage
- Side by Side Parking
- Three Garage Doors
- Garage Door Opener
- Driveway
- Off-Street Parking
Home Design
- Traditional Architecture
- Slab Foundation
- Shingle Roof
Interior Spaces
- 3,025 Sq Ft Home
- 2-Story Property
- Built-In Features
- Chair Railings
- Crown Molding
- Beamed Ceilings
- Brick Wall or Ceiling
- Gas Fireplace
- Shutters
- Sliding Doors
- Formal Entry
- Family Room with Fireplace
- Great Room with Fireplace
- Living Room with Fireplace
- Dining Room with Fireplace
- Den
- Workshop
- Storage
- Center Hall
Kitchen
- Eat-In Country Kitchen
- Breakfast Area or Nook
- Breakfast Bar
- Double Oven
- Built-In Range
- Indoor Grill
- Range Hood
- Dishwasher
- Tile Countertops
- Trash Compactor
- Fireplace in Kitchen
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Fireplace in Primary Bedroom
- Fireplace in Primary Bedroom Retreat
- All Upper Level Bedrooms
- Primary Bedroom Suite
- Dressing Area
- Mirrored Closets Doors
Laundry
- Laundry Room
- Laundry in Garage
- Washer and Gas Dryer Hookup
Outdoor Features
- Ocean Side of Freeway
- Covered patio or porch
- Fireplace in Patio
- Exterior Lighting
- Rain Gutters
Location
- Property is near a park
- Property is near public transit
- Suburban Location
Utilities
- Forced Air Heating System
- Gas Water Heater
- Central Water Heater
- Sewer Paid
Community Details
- No Home Owners Association
- Service Entrance
- Resident Manager or Management On Site
Listing and Financial Details
- Legal Lot and Block 27 / 3032
- Assessor Parcel Number 11746216
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 11, 2015
Closed on
Oct 22, 2015
Sold by
Peters Kerry D
Bought by
S & M Meserve Revocable Trust
Seller's Agent
Denine Kerns
Douglas Elliman Of California
Buyer's Agent
Kevin Smith
Surterre Properties Inc.
List Price
$2,250,000
Sold Price
$1,900,000
Premium/Discount to List
-$350,000
-15.56%
Total Days on Market
103
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,260,103
Avg. Annual Appreciation
8.13%
Original Mortgage
$1,100,000
Interest Rate
3.81%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 1, 2004
Sold by
Dalebout Nan M
Bought by
Dalebout Nan M and Dalebout Family Trust B
Purchase Details
Closed on
Sep 26, 2002
Sold by
Dalebout Jerry L and Dalebout Nan M
Bought by
Dalebout Jerry L and Dalebout Nan M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.22%
Purchase Details
Closed on
Feb 24, 1999
Sold by
Dalebout Jerry L and Dalebout Nan M
Bought by
Dalebout Jerry L and Dalebout Nan M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.75%
Purchase Details
Closed on
Feb 12, 1999
Sold by
Dalebout Jerry L and Dalebout Nan M
Bought by
Dalebout Jerry L and Dalebout Nan M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.75%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| S & M Meserve Revocable Trust | $1,900,000 | California Title Company | |
| Dalebout Nan M | -- | -- | |
| Dalebout Jerry L | -- | -- | |
| Dalebout Jerry L | -- | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Meserve Scott M | $757,000 | |
| Closed | S & M Meserve Revocable Trust | $1,100,000 | |
| Previous Owner | Dalebout Nan M | $287,000 | |
| Previous Owner | Dalebout Jerry L | $322,700 | |
| Previous Owner | Dalebout Jerry L | $310,000 | |
| Previous Owner | Dalebout Jerry L | $300,700 | |
| Previous Owner | Dalebout Jerry L | $300,000 | |
| Previous Owner | Dalebout Jerry L | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/06/2015 11/06/15 | Sold | $1,900,000 | -7.3% | $628 / Sq Ft |
| 09/22/2015 09/22/15 | Pending | -- | -- | -- |
| 08/20/2015 08/20/15 | Price Changed | $2,050,000 | -4.7% | $678 / Sq Ft |
| 07/17/2015 07/17/15 | Price Changed | $2,150,000 | -4.4% | $711 / Sq Ft |
| 06/11/2015 06/11/15 | For Sale | $2,250,000 | -- | $744 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $24,069 | $2,250,110 | $1,851,636 | $398,474 |
| 2023 | $23,505 | $2,205,991 | $1,815,330 | $390,661 |
| 2022 | $23,116 | $2,162,737 | $1,779,736 | $383,001 |
| 2021 | $22,673 | $2,120,331 | $1,744,839 | $375,492 |
| 2020 | $22,455 | $2,098,590 | $1,726,948 | $371,642 |
| 2019 | $21,991 | $2,057,442 | $1,693,087 | $364,355 |
| 2018 | $21,552 | $2,017,100 | $1,659,889 | $357,211 |
| 2017 | $20,755 | $1,938,000 | $1,627,342 | $310,658 |
| 2016 | $20,289 | $1,900,000 | $1,595,433 | $304,567 |
| 2015 | $8,047 | $736,949 | $464,658 | $272,291 |
| 2014 | $7,857 | $722,514 | $455,556 | $266,958 |
Source: Public Records
Agents Affiliated with this Home
-
Denine Kerns
-
Kevin Smith
Buyer's Agent in 2015
Kevin Smith
Surterre Properties Inc.
(949) 717-7100
9 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP15126399
APN: 117-462-16
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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