Landlord's Agent in 2025
Krista McIntosh
Coldwell Banker Realty
(949) 296-5094
4 in this area
54 Total Sales
1242 Somerset Ln Newport Beach, CA 92660
Mariners Neighborhood
4
Beds
4.5
Baths
3,194
Sq Ft
$1,347
Price per Sq Ft
Highlights
- Heated Spa
- Primary Bedroom Suite
- Contemporary Architecture
- Mariners Elementary School Rated A
- Open Floorplan
- Main Floor Bedroom
About This Home
As of June 2025Welcome to Somerset Lane—a slice of Newport Beach paradise tucked at the end of a charming horseshoe on one of the area’s most coveted streets. From the moment you step through the front door, you’re greeted by a sense of calm and beauty. Chevron-patterned hardwood floors guide you into a stunning, sun-drenched open floor plan where natural light pours in through expansive sliding doors, blurring the line between indoors and out.
The heart of the home is an elegant, airy kitchen featuring a generous marble-topped island, custom cabinetry, and a massive walk-in pantry that flows effortlessly into an oversized laundry room and pristine two-car garage with epoxy flooring. The home offers two inviting living spaces, large dining area, and four beautifully appointed bedrooms—each with its own recently remodeled en-suite bathroom styled with timeless sophistication.
The primary suite is a true retreat, with a spacious walk-in closet and spa-like bath designed for ultimate relaxation. Outside, the over 12,000 square-foot lot offers a wraparound backyard made for entertaining, with a sparkling pool, Jacuzzi, and multiple lounging areas to soak in the sunshine and sea breeze.
Fully furnished with impeccable taste, this home is the definition of light, bright, and beautifully balanced. Every detail feels intentional, every room a breath of fresh air
Last Agent to Rent the Property
Coldwell Banker Realty Brokerage Phone: 949-296-5094 License #01839681 Listed on: 05/27/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $30,498
Year Built
- Built in 1959
Lot Details
- 0.28 Acre Lot
- Fenced
- Fence is in excellent condition
- Gentle Sloping Lot
- Front Yard
Parking
- 2 Car Attached Garage
- Parking Available
- Front Facing Garage
- Single Garage Door
- Driveway Up Slope From Street
Home Design
- Contemporary Architecture
- Turnkey
- Composition Roof
Interior Spaces
- 3,194 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Furnished
- Family Room with Fireplace
- Great Room
- Family Room Off Kitchen
- Living Room
- Den
- Laundry Room
Kitchen
- Breakfast Area or Nook
- Breakfast Bar
- Walk-In Pantry
- Double Oven
- Gas Oven
- Six Burner Stove
- Gas Cooktop
- Granite Countertops
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- Primary Bedroom Suite
- Walk-In Closet
- Remodeled Bathroom
- Bathroom on Main Level
- Dual Sinks
- Dual Vanity Sinks in Primary Bathroom
- Bathtub with Shower
- Separate Shower
- Closet In Bathroom
Pool
- Heated Spa
- Heated Pool
Outdoor Features
- Patio
- Exterior Lighting
- Wrap Around Porch
Schools
- Mariners Elementary School
- Ensign Middle School
- Newport Harbor High School
Utilities
- Central Heating and Cooling System
- Water Heater
Community Details
- No Home Owners Association
- Westcliff East Subdivision
Listing and Financial Details
- Security Deposit $34,000
- Rent includes gardener, pool
- 12-Month Minimum Lease Term
- Available 8/1/25
- Tax Lot 31
- Tax Tract Number 3032
- Assessor Parcel Number 11746220
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 20, 2021
Closed on
Jul 21, 2021
Sold by
Nelsen Michael Robert and Nelsen Leilani
Bought by
Hoffman Eric J and Orth Margaret Patricia
Seller's Agent
Jay Viloria
Milestone, Inc.
Buyer's Agent
Krista McIntosh
Coldwell Banker Realty
List Price
$27,500,000
Sold Price
$2,750,000
Premium/Discount to List
-$24,750,000
-90%
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
$1,646,619
Avg. Annual Appreciation
11.93%
Original Mortgage
$2,200,000
Outstanding Balance
$1,988,769
Interest Rate
2.37%
Mortgage Type
New Conventional
Estimated Equity
$2,312,502
Purchase Details
Closed on
May 26, 2021
Sold by
Nelsen Michael Robert and Nelsen Leilani
Bought by
Nelsen Michael Robert and Nelsen Leilani
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,200,000
Outstanding Balance
$1,988,769
Interest Rate
2.37%
Mortgage Type
New Conventional
Estimated Equity
$2,312,502
Purchase Details
Closed on
Jun 12, 2013
Sold by
Nelsen Michael Robert and Goodwin Teresa
Bought by
Nelsen Michael Robert and Nelsen Leilani
Purchase Details
Closed on
May 14, 2013
Sold by
Nelsen Michael Robert
Bought by
Nelsen Michael Robert and Nelsen Leilani
Purchase Details
Closed on
May 20, 2011
Sold by
Nelsen Michael Robert
Bought by
Nelsen Michael Robert and Goodwin Teresa
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
4.84%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 27, 2011
Sold by
Nelsen Michael Robert
Bought by
Nelsen Michael Robert and Michael Robert Nelsen Trust
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
4.84%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 26, 2010
Sold by
Nelsen Michael R
Bought by
Nelsen Michael Robert and Michael Robert Nelsen Trust
Purchase Details
Closed on
Nov 25, 2009
Sold by
Raymer Frank C and Raymer Janette I
Bought by
Nelsen Michael R
Purchase Details
Closed on
Jan 12, 2006
Sold by
Raymer Frank C and Raymer Janette I
Bought by
Raymer Frank C and Raymer Janette I
Purchase Details
Closed on
Nov 16, 2004
Sold by
Raymer Frank C and Raymer Janette
Bought by
Raymer Frank C and Raymer Janette I
Purchase Details
Closed on
Feb 1, 2002
Sold by
Raymer Frank C and Raymer Janette I
Bought by
Raymer Frank C and Raymer Janette I
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.15%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jun 19, 1998
Sold by
Frank Raymer and Frank Janette
Bought by
Raymer Frank C and Raymer Janette I
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.17%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Feb 27, 1998
Sold by
Frank Raymer and Frank Janette
Bought by
Raymer Frank C and Raymer Janette I
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
7.11%
Purchase Details
Closed on
Mar 24, 1994
Sold by
Home Svgs Of America
Bought by
Raymer Frank C and Raymer Janette
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,500
Interest Rate
7.84%
Purchase Details
Closed on
Feb 9, 1994
Sold by
Serrano Reconveyance Company
Bought by
Home Svgs Of America
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,500
Interest Rate
7.84%
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 |
|---|---|---|---|
| Hoffman Eric J | $2,750,000 | Lawyers Title Company | |
| Nelsen Michael Robert | -- | Pacific Coast Title Company | |
| Nelsen Michael Robert | -- | None Available | |
| Nelsen Michael Robert | -- | None Available | |
| Nelsen Michael Robert | -- | None Available | |
| Nelsen Michael Robert | -- | Lawyers Title | |
| Nelsen Michael Robert | -- | Lawyers Title Company | |
| Nelsen Michael Robert | -- | None Available | |
| Nelsen Michael Robert | -- | Accommodation | |
| Nelsen Michael Robert | -- | Lawyers Title | |
| Nelsen Michael Robert | -- | None Available | |
| Nelsen Michael R | $1,869,000 | California Title Company | |
| Raymer Frank C | -- | Ati | |
| Raymer Frank C | -- | Ati | |
| Raymer Frank C | -- | -- | |
| Raymer Frank C | -- | Fidelity National Title Ins | |
| Raymer Frank C | -- | Old Republic Title | |
| Raymer Frank C | -- | United Title Company | |
| Raymer Frank C | $495,500 | Continental Lawyers Title Co | |
| Home Svgs Of America | $588,131 | Continental Lawyers Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hoffman Eric J | $2,200,000 | |
| Previous Owner | Nelsen Michael Robert | $500,000 | |
| Previous Owner | Nelsen Michael Robert | $300,000 | |
| Previous Owner | Raymer Frank C | $1,000,000 | |
| Previous Owner | Raymer Frank C | $150,000 | |
| Previous Owner | Raymer Frank C | $999,900 | |
| Previous Owner | Raymer Frank C | $40,000 | |
| Previous Owner | Raymer Frank C | $150,000 | |
| Previous Owner | Raymer Frank C | $870,000 | |
| Previous Owner | Raymer Frank C | $130,000 | |
| Previous Owner | Raymer Frank C | $750,000 | |
| Previous Owner | Raymer Frank C | $150,000 | |
| Previous Owner | Raymer Frank C | $608,000 | |
| Previous Owner | Raymer Frank C | $445,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/23/2025 06/23/25 | Rented | $17,000 | 0.0% | -- |
| 06/19/2025 06/19/25 | Under Contract | -- | -- | -- |
| 05/27/2025 05/27/25 | For Rent | $17,000 | 0.0% | -- |
| 08/20/2021 08/20/21 | Sold | $2,750,000 | -90.0% | $846 / Sq Ft |
| 08/20/2021 08/20/21 | Pending | -- | -- | -- |
| 08/20/2021 08/20/21 | For Sale | $27,500,000 | -- | $8,462 / 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 | $30,498 | $2,861,100 | $2,481,405 | $379,695 |
| 2023 | $29,785 | $2,805,000 | $2,432,750 | $372,250 |
| 2022 | $29,292 | $2,750,000 | $2,385,049 | $364,951 |
| 2021 | $24,010 | $2,247,456 | $1,847,459 | $399,997 |
| 2020 | $23,780 | $2,224,412 | $1,828,516 | $395,896 |
| 2019 | $23,287 | $2,180,797 | $1,792,663 | $388,134 |
| 2018 | $22,823 | $2,138,037 | $1,757,513 | $380,524 |
| 2017 | $21,139 | $1,974,440 | $1,633,461 | $340,979 |
| 2016 | $21,070 | $1,974,440 | $1,633,461 | $340,979 |
| 2015 | $20,872 | $1,944,783 | $1,608,925 | $335,858 |
| 2014 | $20,781 | $1,944,783 | $1,608,925 | $335,858 |
Source: Public Records
Agents Affiliated with this Home
-
-
Tenant's Agent in 2025
Annie Clougherty
Compass
(949) 375-3037
9 in this area
233 Total Sales
-
Seller's Agent in 2021
Jay Viloria
Milestone, Inc.
(949) 698-1938
2 in this area
24 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP25117860
APN: 117-462-20
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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