NOT LISTED FOR SALE

1625 Somerset Ln Iowa City, IA 52240

Eastside Neighborhood

Estimated Value: $309,000 - $338,000

3 Beds
2 Baths
1,918 Sq Ft
$168/Sq Ft Est. Value

Last Sold March 06, 2023

Last sale price $299,000 $156 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,365/month

25 Days on Market

Highlights

  • Community Lake
  • Deck
  • Main Floor Primary Bedroom
  • City High School Rated A-
  • Vaulted Ceiling
  • Solarium

About This Home

As of March 2023

Is it time for you to start enjoying your retirement? If so this condo with a 3 season sunroom overlooking a 5 acre lake with fountains that is close to shopping and downtown is ready for you. This open concept floorpan has all your necessities on the main floor including the laundry closet right off the primary bedroom and a walkout lower level with a spacious storage room. Seller is offering a $3000 closing allowance and a home warranty from HSA. The siding was professionally power washed and all windows cleaned in January 2023. Don't miss out on this.

Last Agent to Sell the Property

Lorna McCoy

Iowa Realty Listed on: 01/13/2023

Iowa Realty

Last Buyer's Agent

Diana Salazar

Skogman Realty Co.

Skogman Realty Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,878

Year Built

  • Built in 1997

Lot Details

  • 0.25

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 2 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • Rear Stairs
  • Vaulted Ceiling
  • Skylights
  • Fireplace With Gas Starter
  • Family Room Downstairs
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Library
  • Solarium
  • Screened Porch

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry in Hall
  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Accessible Home Design

  • Stepless Entry

Outdoor Features

  • Deck
  • Patio

Schools

  • Lucas Elementary School
  • Southeast Middle School

Utilities

  • Central Air
  • Heating Available
  • Water Softener is Owned
  • Internet Available
  • Cable TV Available

Community Details

  • Association fees include bldg&liability insurance, exterior maintenance, garbage pickup, grounds maintenance, sewer, street maintenance
  • Built by Franz
  • Wellington Subdivision
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 1013479016

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,878

Year Built

Built in 1997

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 1918
  • Homebuilder: Franz
  • Owner Name L F Mi: Wanda Crombie
  • Ownership Type: Condo Attached
  • Photo Code: Complete
  • Remarks: Buyer to verify schools with ICCSD
  • Year Built: 1997
  • Zero Step Entry: Yes
  • Tax Year Report: 2021
  • Subdivision: Wellington
  • Directions: Scott Blvd to Wellington to Somerset
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Lake, Neighborhood Assoc., Pet Policy, Sidewalks, Street Lights
  • Basement Remarks: Finished, Full, Walkout, Daylight Windows
  • Fireplace Type Location: In Living Room, Gas Starter
  • Interior R: Cable Available, Rear Stairs, Skylight, Vaulted Ceiling
  • Kitchen Breakfast R: Breakfast Bar, Kit/Dining Rm Comb
  • Lot Description R: None/Condo
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Stories Style R: 2661
  • Remarks2: Is it time for you to start enjoying your retirement? If so this condo with a 3 season sunroom overlooking a 5 acre lake with fountains that is close to shopping and downtown is ready for you. This open concept floorpan has all your necessities on the main floor including the laundry closet right off the primary bedroom and a walkout lower level with a spacious storage room. Seller is offering a $3000 closing allowance and a home warranty from HSA. The siding was professionally power washed and all windows cleaned in January 2023. Don't miss out on this.
  • 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: 1118
  • Total Full Baths: 2
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Dining Room Level: Main
  • Family Room Level: Lower
  • Kitchen Level: Main
  • Living Room Level: Main
  • Lower Level Finished Sq Ft: 800
  • Laundry Location: Laundry Closet, Hall, Main
  • Mstr Br Level: Main
  • Mstr Br Width: 14
  • Number of Fireplaces: 1
  • Number of Lower Level Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Deck, Patio, Screen Porch

Garage/Parking

  • Parking Spaces: 2 Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water, Water Softener (Owned), 2662
  • Heating Cooling: Electric, Central

Condo/Co-op/Association

  • Association Fee: 2400
  • Fees Include: Bldg&Liability Insurance, Exterior Maintenance, Garbage Pickup, Grounds Maintenance, Sewer, Street Maintenance

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
  • Lot Dimensions: condo
  • Zoning: residential

Tax Info

  • Gross Tax County City: 4504
  • Assessor Parcel Number: 1013479016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2023
Closed on
Feb 27, 2023
Sold by
Crombie Wanda and Crombie Tracy J
Bought by
Romano Guillermo Valle
Seller's Agent
Lorna McCoy
Iowa Realty
Buyer's Agent
Diana Salazar
Skogman Realty Co.
List Price
$299,000
Sold Price
$299,000
Views
167
Current Estimated Value
$322,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,615
Avg. Annual Appreciation
3.49%
Original Mortgage
$224,250
Outstanding Balance
$218,459
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$106,901
Source: Public Records

Range of Values:

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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
Romano Guillermo Valle $299,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romano Guillermo Valle $224,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2023 03/06/23 Sold $299,000 0.0% $156 / Sq Ft
02/07/2023 02/07/23 Pending -- -- --
01/13/2023 01/13/23 For Sale $299,000 -- $156 / 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 $4,878 $269,790 $52,300 $217,490
2023 $4,716 $269,790 $52,300 $217,490
2022 $4,504 $226,430 $47,320 $179,110
2021 $4,438 $226,430 $47,320 $179,110
2020 $4,438 $213,840 $44,830 $169,010
2019 $3,946 $213,840 $44,830 $169,010
2018 $3,946 $188,090 $39,850 $148,240
2017 $3,696 $188,090 $39,850 $148,240
2016 $3,620 $176,670 $39,850 $136,820
2015 $3,620 $176,670 $39,850 $136,820
2014 $3,528 $171,830 $39,850 $131,980
Source: Public Records

Agents Affiliated with this Home

  • Lorna McCoy

    Seller's Agent in 2023

    Lorna McCoy

    Iowa Realty

    (319) 855-8350

    5 in this area

    14 Total Sales

    Lorna McCoy
    Section Image
  • Diana Salazar

    Buyer's Agent in 2023

    Diana Salazar

    Skogman Realty Co.

    (319) 722-1022

    11 in this area

    214 Total Sales

    Diana Salazar
    Section Image
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202300335

Iowa City Area Association of REALTORS®

APN: 1013479016

Iowa Johnson County Iowa City 52240 Eastside

1625 Somerset Ln, Iowa City, IA

This home is located at 1625 Somerset Ln, Iowa City, IA 52240 since 13 January 2023 and is currently estimated at $322,615, approximately $168 per square foot. This property was built in 1997. 1625 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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