Seller's Agent in 2025
Timothy Lehman
Edge Realty Group
(319) 331-7900
15 in this area
314 Total Sales
1648 Somerset Ln Iowa City, IA 52240
Eastside NeighborhoodEstimated Value: $355,000 - $366,000
3
Beds
3
Baths
2,331
Sq Ft
$154/Sq Ft
Est. Value
Highlights
- Waterfront
- Deck
- Recreation Room
- City High School Rated A-
- Pond
- Vaulted Ceiling
About This Home
As of January 2025Step into effortless living with this zero-entry end-unit condo featuring breathtaking views from almost every room. The spacious open layout boasts a bright white kitchen with an eat-in area, formal dining space, and a cozy 3-season porch—perfect for enjoying the serene pond backdrop. The main level offers 2 bedrooms, including a primary suite with a walk-in closet and a double-sink bathroom. Head downstairs to the walkout lower level, where you’ll find a large rec room, 3rd bedroom, 3rd bath, and abundant storage space. Plus, enjoy easy access to a private patio for even more outdoor relaxation. With comfort, convenience, and gorgeous views, this home is a must-see!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,910
Year Built
- Built in 1999
Lot Details
- 9,583 Sq Ft Lot
- Waterfront
- Cul-De-Sac
HOA Fees
- $350 Monthly HOA Fees
Parking
- 2 Parking Spaces
Home Design
- Ranch Style House
- Frame Construction
Interior Spaces
- Vaulted Ceiling
- Skylights
- Gas Fireplace
- Family Room Downstairs
- Living Room with Fireplace
- Formal Dining Room
- Recreation Room
- Screened Porch
Kitchen
- Breakfast Area or Nook
- Breakfast Bar
- Oven or Range
- <<microwave>>
- 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
- Pond
- Deck
- Patio
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
- Internet Available
- Cable TV Available
Community Details
- Association fees include bldg&liability insurance, exterior maintenance, grounds maintenance, reserve fund
- Built by Frantz
- Wellington Condos Subdivision
Listing and Financial Details
- Assessor Parcel Number 1013483009
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 10, 2024
Closed on
Jan 20, 2025
Sold by
Tony L Serbousek And Judy L Serbousek Tr and Serbousek Tony L
Bought by
Cromwell Larry G and Cromwell Deeann K
Seller's Agent
Timothy Lehman
Edge Realty Group
Buyer's Agent
Jan Crosby
Urban Acres Real Estate
List Price
$360,000
Sold Price
$355,000
Premium/Discount to List
-$5,000
-1.39%
Views
6
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
$4,884
Avg. Annual Appreciation
1.13%
Original Mortgage
$284,000
Outstanding Balance
$283,473
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$73,373
Purchase Details
Closed on
Mar 24, 2014
Sold by
Serbousek Tony L and Serbousek Judy L
Bought by
The Tony L Serbousek And Judy L Serbouse
Purchase Details
Listed on
Jul 11, 2011
Closed on
May 29, 2012
Sold by
Smith Elliott G
Bought by
Serbousek Tony L and Serbousek Judith L
Seller's Agent
Nancy Steyers
Blank & McCune Real Estate
Buyer's Agent
Timothy Lehman
Edge Realty Group
List Price
$249,900
Sold Price
$225,000
Premium/Discount to List
-$24,900
-9.96%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.57%
Original Mortgage
$180,000
Interest Rate
3.92%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Cromwell Larry G | $355,000 | None Listed On Document | |
| Cromwell Larry G | $355,000 | None Listed On Document | |
| The Tony L Serbousek And Judy L Serbouse | -- | None Available | |
| Serbousek Tony L | $225,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cromwell Larry G | $284,000 | |
| Closed | Cromwell Larry G | $284,000 | |
| Previous Owner | Serbousek Tony L | $180,000 | |
| Previous Owner | Smith Evan E | $125,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | Sold | $355,000 | -1.4% | $152 / Sq Ft |
| 12/10/2024 12/10/24 | For Sale | $360,000 | +60.0% | $154 / Sq Ft |
| 05/29/2012 05/29/12 | Sold | $225,000 | -10.0% | $97 / Sq Ft |
| 05/15/2012 05/15/12 | Pending | -- | -- | -- |
| 07/11/2011 07/11/11 | For Sale | $249,900 | -- | $107 / Sq Ft |
Source: Iowa City Area Association of REALTORS®
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 | $5,910 | $331,610 | $51,890 | $279,720 |
| 2023 | $5,818 | $331,610 | $51,890 | $279,720 |
| 2022 | $5,558 | $277,310 | $46,940 | $230,370 |
| 2021 | $5,760 | $277,310 | $46,940 | $230,370 |
| 2020 | $5,760 | $274,970 | $44,470 | $230,500 |
| 2019 | $5,480 | $274,970 | $44,470 | $230,500 |
| 2018 | $5,480 | $257,950 | $39,530 | $218,420 |
| 2017 | $5,064 | $257,950 | $39,530 | $218,420 |
| 2016 | $4,960 | $238,850 | $39,530 | $199,320 |
| 2015 | $4,960 | $238,850 | $39,530 | $199,320 |
| 2014 | $4,826 | $231,830 | $39,530 | $192,300 |
Source: Public Records
Agents Affiliated with this Home
-
Timothy Lehman
-
Stacy Schroeder
Seller Co-Listing Agent in 2025
Stacy Schroeder
Edge Realty Group
(319) 321-7909
14 in this area
328 Total Sales
-
Jan Crosby
Buyer's Agent in 2025
Jan Crosby
Urban Acres Real Estate
(319) 621-9427
7 in this area
223 Total Sales
-
N
Seller's Agent in 2012
Nancy Steyers
Blank & McCune Real Estate
Map
Source: Iowa City Area Association of REALTORS®
MLS Number: 202406695
APN: 1013483009
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.
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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