NOT LISTED FOR SALE

1557 Somerset Ln Iowa City, IA 52240

Eastside Neighborhood

Estimated Value: $344,000 - $382,665

3 Beds
3 Baths
2,363 Sq Ft
$151/Sq Ft Est. Value

Last Sold November 01, 2023

Last sale price $350,000 $148 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,631/month

35 Days on Market

Highlights

  • Vaulted Ceiling
  • Breakfast Area or Nook
  • Patio
  • City High School Rated A-
  • Porch
  • Laundry Room

About This Home

As of November 2023

Peaceful, carefree, easy - all words to describe how much ‘home’ is in this condo! From the moment you arrive, you will be amazed at the space, natural light and privacy provided by being on a cul-de-sac and serene pond in your backyard! A perfect flow to entertain from the living room to the dining room, both are just off the kitchen. Walk through the kitchen to yet another space, perfect for a more connected eating space. Make sure to step onto the 3-season porch which is the perfect space to start your day! Main level living continues with a large primary suite that sits at the back of the condo so you can enjoy the pond view! There is a second bedroom on the main level but they didn’t skimp on space, it measures roughly 13’x11’ (check out the floor plans provided!) With all the main level has to offer, the walk-out lower level just adds to that value. A multipurpose room, bedroom, full bath and tons of storage - this home provides so much - and you don’t have to shovel!

Last Agent to Sell the Property

Lou Hogan Kessler

Urban Acres Real Estate Corridor Listed on: 09/14/2023

Urban Acres Real Estate Corridor

Co-Listed By

Ainsley Snyder

Keller Williams Legacy Group

Last Buyer's Agent

Lorna McCoy

Iowa Realty

Iowa Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,530

Year Built

  • Built in 1996

Lot Details

  • 0.25

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 2 Parking Spaces

Home Design

  • Poured Concrete
  • Frame Construction

Interior Spaces

  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Patio
  • Porch

Location

  • Property is near schools
  • Property is near shops

Schools

  • Lucas Elementary School
  • Southeast Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Community Details

  • Association fees include bldg&liability insurance, exterior maintenance, grounds maintenance, mgmt fee, reserve fund
  • Built by Frantz
  • Wellington Condominiums Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1013479009

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,530

Year Built

Built in 1996

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 2363
  • Homebuilder: Frantz
  • Owner Name L F Mi: Barth, Harry & Jean
  • Ownership Type: Condo Attached
  • Photo Code: Complete
  • Remarks: HOA information provided upon request - Wellington Condo Association Somerset
  • Year Built: 1996
  • Tax Year Report: 2022
  • Subdivision: Wellington Condominiums
  • Directions: From Scott Blvd go West on Wellington Dr. then left on Somerset Ln
  • L O1 Dues Paid: y
  • L O2 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Neighborhood Assoc., Sidewalks, Street Lights, Close to Shopping, Close to School
  • Basement Remarks: Poured Concrete, Finished, Full, Walkout
  • Fireplace Type Location: In Living Room, Gas
  • Interior R: Cable Available, Ceiling-9+ ft, Vaulted Ceiling
  • Kitchen Breakfast R: Breakfast Area, Breakfast Bar
  • Lot Description R: None/Condo
  • Possession R: 30-60 Days, Immediate
  • Possible Finance R: Cash, Conventional
  • Stories Style R: 2661
  • Remarks2: Peaceful, carefree, easy - all words to describe how much ‘home’ is in this condo! From the moment you arrive, you will be amazed at the space, natural light and privacy provided by being on a cul-de-sac and serene pond in your backyard! A perfect flow to entertain from the living room to the dining room, both are just off the kitchen. Walk through the kitchen to yet another space, perfect for a more connected eating space. Make sure to step onto the 3-season porch which is the perfect space to start your day! Main level living continues with a large primary suite that sits at the back of the condo so you can enjoy the pond view! There is a second bedroom on the main level but they didn’t skimp on space, it measures roughly 13’x11’ (check out the floor plans provided!) With all the main level has to offer, the walk-out lower level just adds to that value. A multipurpose room, bedroom, full bath and tons of storage - this home provides so much - and you don’t have to shovel!
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Icemaker Line, Microwave, Range/Oven, Refrigerator, Dryer, Washer
  • Number Bedrooms Lower: 1
  • Number Bedrooms Main: 2
  • Sq Ft Above: 1463
  • Total Full Baths: 3
  • Bedrooms: 3
  • Total Bathrooms: 3
  • Dining Room Level: Main
  • Kitchen Level: Main
  • Living Room Level: Main
  • Lower Level Finished Sq Ft: 900
  • Laundry Location: Laundry Room, Main
  • Mstr Br Level: Main
  • Number of Fireplaces: 1
  • Number of Lower Level Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Patio, Porch

Garage/Parking

  • Parking Spaces: 2 Cars

Utilities

  • Water Sewer: City Sewer, City Water
  • Heating Cooling: Ceiling Fans, Gas, Central, Forced Air

Condo/Co-op/Association

  • Association Fee: $2400
  • Condo Level: 1
  • Fees Include: Bldg&Liability Insurance, Exterior Maintenance, Grounds Maintenance, Mgmt Fee, Reserve Fund

Schools

  • Elementary School: Lucas
  • Middle School: Southeast
  • High School: City
  • High School: City
  • Jr Middle School: Southeast
  • Elementary School: Lucas

Lot Info

  • Acreage: 0
  • Geo Subdivision: IA
  • Zoning: Residential

Tax Info

  • Gross Tax County City: 5206
  • Assessor Parcel Number: 1013479009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2023
Closed on
Dec 1, 2023
Sold by
Pinkham Jimmy R
Bought by
Jimmy R Pinkham Revocable Trust and Pinkham
Seller's Agent
Lou Hogan Kessler
Urban Acres Real Estate Corridor
Buyer's Agent
Lorna McCoy
Iowa Realty
List Price
$357,000
Sold Price
$350,000
Premium/Discount to List
-$7,000
-1.96%
Views
106
Current Estimated Value
$359,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,746
Avg. Annual Appreciation
0.77%

Purchase Details

Listed on
Sep 14, 2023
Closed on
Nov 1, 2023
Sold by
Barth Harry K and Barth Jean P
Bought by
Pinkham Jimmy R
Seller's Agent
Lou Hogan Kessler
Urban Acres Real Estate Corridor
Buyer's Agent
Lorna McCoy
Iowa Realty
List Price
$357,000
Sold Price
$350,000
Premium/Discount to List
-$7,000
-1.96%
Views
106

Purchase Details

Listed on
Jul 29, 2020
Closed on
Sep 4, 2020
Sold by
Crum Velma R
Bought by
Barth Harry and Barth Jean
Seller's Agent
Jeff Tackaberry
NextHome Navigator
Buyer's Agent
Jeff Tackaberry
NextHome Navigator
List Price
$289,900
Sold Price
$286,000
Premium/Discount to List
-$3,900
-1.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.60%

Purchase Details

Listed on
Jul 29, 2020
Closed on
Sep 2, 2020
Sold by
Wombacher Beth A and Wombacher Roger
Bought by
Barth Harry and Barth Jean
Seller's Agent
Jeff Tackaberry
NextHome Navigator
Buyer's Agent
Jeff Tackaberry
NextHome Navigator
List Price
$289,900
Sold Price
$286,000
Premium/Discount to List
-$3,900
-1.35%

Purchase Details

Closed on
Feb 21, 2017
Sold by
Crum Thomas B
Bought by
Wombacher Beth A and Crum Thomas B

Purchase Details

Closed on
Mar 26, 2008
Sold by
Crum Robert R and Crum Velma R
Bought by
Velma R Crum Revocable Trust and Robert R Crum Revocable Trust
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jimmy R Pinkham Revocable Trust -- None Listed On Document
Pinkham Jimmy R $350,000 None Listed On Document
Barth Harry $286,000 None Available
Barth Harry -- None Available
Wombacher Beth A -- None Available
Velma R Crum Revocable Trust -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2023 11/01/23 Sold $350,000 -2.0% $148 / Sq Ft
09/14/2023 09/14/23 For Sale $357,000 +24.8% $151 / Sq Ft
09/04/2020 09/04/20 Sold $286,000 -1.3% $121 / Sq Ft
08/17/2020 08/17/20 Pending -- -- --
07/29/2020 07/29/20 For Sale $289,900 -- $123 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $5,530 $311,450 $52,300 $259,150
2023 $5,452 $311,450 $52,300 $259,150
2022 $5,206 $260,370 $47,320 $213,050
2021 $5,258 $260,370 $47,320 $213,050
2020 $5,258 $251,740 $44,830 $206,910
2019 $4,854 $251,740 $44,830 $206,910
2018 $4,854 $229,430 $39,850 $189,580
2017 $4,518 $229,430 $39,850 $189,580
2016 $4,426 $214,070 $39,850 $174,220
2015 $4,426 $214,070 $39,850 $174,220
2014 $4,328 $208,750 $39,850 $168,900
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Lou Hogan Kessler

    Urban Acres Real Estate Corridor

    Section Image
  • Ainsley Snyder

    Seller Co-Listing Agent in 2023

    Ainsley Snyder

    Keller Williams Legacy Group

    (319) 775-2420

    5 in this area

    95 Total Sales

    Section Image
  • Lorna McCoy

    Buyer's Agent in 2023

    Lorna McCoy

    Iowa Realty

    (319) 855-8350

    5 in this area

    14 Total Sales

    Section Image
  • Jeff Tackaberry

    Seller's Agent in 2020

    Jeff Tackaberry

    NextHome Navigator

    (319) 430-5207

    3 in this area

    105 Total Sales

    Section Image
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202304888

Iowa City Area Association of REALTORS®

APN: 1013479009

Iowa Johnson County Iowa City 52240 Eastside

1557 Somerset Ln, Iowa City, IA

This home is located at 1557 Somerset Ln, Iowa City, IA 52240 since 14 September 2023 and is currently estimated at $355,666, approximately $150 per square foot. This property was built in 1996. 1557 Somerset Ln is a home located in Johnson County with nearby schools including Robert Lucas Elementary School, Southeast Junior High School, and City High School.

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.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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