NOT LISTED FOR SALE

1640 Somerset Ln Iowa City, IA 52240

Eastside Neighborhood

Estimated Value: $361,000 - $388,000

3 Beds
3 Baths
2,463 Sq Ft
$150/Sq Ft Est. Value

Last Sold March 20, 2012

Last sale price $246,000 $100 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,604/month

51 Days on Market

Highlights

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

About This Home

As of March 2012

Maybe you've seen other Wellington Condos, but you haven't seen one like this one! The owners have made many updates & improvements to the main floor, added a 3-season porch, & completely finished the walkout lower level with a unique, customized Family Room design including a functional & stylish room divider, French doors, surround sound, & built-ins galore. Main floor features maple trim while lower level is cherry stained oak. Everything is in perfect condition & this condo is simply stunning!

Last Agent to Sell the Property

George Matheson

Coldwell Banker Real Estate Professionals Listed on: 01/10/2012

Last Buyer's Agent

George Matheson

Coldwell Banker Real Estate Professionals Listed on: 01/10/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,956

Year Built

  • Built in 1999

Lot Details

  • 9,583 Sq Ft Lot
  • Property is zoned OPDH5

HOA Fees

  • $135 Monthly HOA Fees

Parking

  • 2 Parking Spaces

Interior Spaces

  • 1-Story Property
  • Bookcases
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Entrance Foyer
  • Family Room Downstairs
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Screened Porch

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
  • Laundry in Kitchen
  • Dryer
  • Washer

Finished Basement

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

Outdoor Features

  • Patio

Schools

  • Lucas Elementary School
  • Southeast Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Internet Available

Community Details

  • Association fees include bldg&liability insurance, exterior maintenance, garbage pickup, grounds maintenance, street maintenance
  • Built by Frantz
  • Wellington Condos Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1013483007

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,956

Year Built

Built in 1999

Lot Details

0

HOA Fees

$135 per month

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 2463
  • Homebuilder: Frantz
  • Number of Lower Level Three Quarter Bathrooms: 1
  • Number of Main Level Three Quarter Bathrooms: 1
  • Owner Name L F Mi: WATSON, JOHN & JUDY
  • Ownership Type: Condo Attached
  • Photo Code: Complete
  • Remarks: Sellers' Disclosure is an Associated Document
  • Year Built: 1999
  • Tax Year Report: 2010
  • Subdivision: Wellington Condos
  • Directions: Wayne Ave. to Village Rd. to Wellington to Somerset Ln.
  • L O1 Dues Paid: y
  • S O1 Dues Paid: y
  • Amenities: Neighborhood Assoc., Sidewalks, Street Lights
  • Basement Remarks: Finished, Full, Walkout
  • Fireplace Type Location: In Living Room, Gas
  • Interior R: Bookcases, Ceiling-9+ ft, Foyer-Entrance, Vaulted Ceiling
  • Kitchen Breakfast R: Breakfast Area, Breakfast Bar
  • Lot Description R: None/Condo
  • Possession R: Negotiable
  • Possible Finance R: Cash, Conventional
  • Stories Style R: 1 Story
  • Remarks2: Maybe you've seen other Wellington Condos, but you haven't seen one like this one! The owners have made many updates & improvements to the main floor, added a 3-season porch, & completely finished the walkout lower level with a unique, customized Family Room design including a functional & stylish room divider, French doors, surround sound, & built-ins galore. Main floor features maple trim while lower level is cherry stained oak. Everything is in perfect condition & this condo is simply stunning!
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

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: 1
  • Total Three Quarter Bathrooms: 2
  • Bedrooms: 3
  • Total Bathrooms: 3
  • Dining Room Level: Main
  • Family Room Level: Lower
  • Kitchen Level: Main
  • Living Room Level: Main
  • Lower Level Finished Sq Ft: 1000
  • Laundry Location: Laundry Room, Kitchen Area, Main
  • Mstr Br Level: Main
  • Mstr Br Width: 14
  • Number of Fireplaces: 1
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • ExteriorFeatures: Patio, Screen Porch

Garage/Parking

  • Parking Spaces: 2 Cars

Utilities

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

Condo/Co-op/Association

  • Association Fee: 1620
  • Fees Include: Bldg&Liability Insurance, Exterior Maintenance, Garbage Pickup, Grounds Maintenance, 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: 0.22
  • Geo Subdivision: IA
  • Lot Dimensions: Condo
  • Zoning: OPDH5

Tax Info

  • Gross Tax County City: 4896.43
  • Assessor Parcel Number: 1013483007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2012
Closed on
Mar 20, 2012
Sold by
Watson John Davis and Watson Judy B
Bought by
Vaughan Lonne K
Seller's Agent
George Matheson
Coldwell Banker Real Estate Professionals
Buyer's Agent
George Matheson
Coldwell Banker Real Estate Professionals
List Price
$254,900
Sold Price
$246,000
Premium/Discount to List
-$8,900
-3.49%
Current Estimated Value
$370,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,248
Avg. Annual Appreciation
2.97%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Vaughan Lonne K $246,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2012 03/20/12 Sold $246,000 -3.5% $100 / Sq Ft
03/01/2012 03/01/12 Pending -- -- --
01/10/2012 01/10/12 For Sale $254,900 -- $103 / 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 $5,956 $342,740 $51,890 $290,850
2023 $5,942 $342,740 $51,890 $290,850
2022 $5,674 $286,370 $46,940 $239,430
2021 $5,798 $286,370 $46,940 $239,430
2020 $5,798 $280,020 $44,470 $235,550
2019 $5,514 $280,020 $44,470 $235,550
2018 $5,514 $262,730 $39,530 $223,200
2017 $5,088 $262,730 $39,530 $223,200
2016 $4,982 $243,220 $39,530 $203,690
2015 $4,982 $243,220 $39,530 $203,690
2014 $4,846 $236,020 $39,530 $196,490
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2012

    George Matheson

    Coldwell Banker Real Estate Professionals

See All Agents

Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 20120456

Iowa City Area Association of REALTORS®

APN: 1013483007

Iowa Johnson County Iowa City 52240 Eastside

1640 Somerset Ln, Iowa City, IA

This home is located at 1640 Somerset Ln, Iowa City, IA 52240 since 10 January 2012 and is currently estimated at $370,248, approximately $150 per square foot. This property was built in 1999. 1640 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.

Nearby Homes