NOT LISTED FOR SALE

51 Somerset Place Iowa City, IA 52240

Eastside Neighborhood

Estimated Value: $307,000 - $349,000

3 Beds
2 Baths
1,656 Sq Ft
$193/Sq Ft Est. Value

Last Sold April 06, 2020

Last sale price $262,000 $158 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,304/month

Highlights

  • Vaulted Ceiling
  • Screened Porch
  • Breakfast Bar
  • City High School Rated A-
  • Formal Dining Room
  • Patio

About This Home

As of April 2020

Great location with a scenic view of the pond in this spacious 3 bdrm, 2 bath condo. Build-in Oak bookcase in front bedroom with a step-up cathedral ceiling. Build-in oak china hutch near DR. Large LR with gas FP & vaulted ceiling. Zero entry from garage to kitchen. Hardwood flooring, pantry and breakfast bar in kitchen. Bright and airy 3-seasons porch w/ vinyl railing and maintenance free landing. Brick-stamped patio off walkout LL with flower beds and cement bench. New water heater 2018.

Last Agent to Sell the Property

Unrepresented Seller

Unrepresented Seller Listed on: 03/01/2020

Last Buyer's Agent

Cindy Clark

Urban Acres Real Estate

Urban Acres Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,770

Year Built

  • Built in 1995

Lot Details

  • 0.25

HOA Fees

  • $175 Monthly HOA Fees

Home Design

  • Poured Concrete
  • Frame Construction

Interior Spaces

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

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Schools

  • Lucas Elementary School
  • Southeast Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Water Softener is Owned
  • Internet Available
  • Cable TV Available

Additional Features

  • Stepless Entry
  • Patio

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 1013479007

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,770

Year Built

Built in 1995

Lot Details

0

HOA Fees

$175 per month

Listing Details

  • Property Type: SINGLE FAMILY/ACREAGE
  • Total Sq Ft: 1656
  • Homebuilder: Frantz Construction
  • Owner Name L F Mi: Owner of Record
  • Ownership Type: Condo Attached
  • Photo Code: Broker Loaded
  • Remarks: Call ICCD to verify school boundaries. Refrigerator in storage room to remain with home. One of the best views in Wellington!
  • Year Built: 1995
  • Zero Step Entry: Yes
  • Tax Year Report: 2018
  • Subdivision: Wellington Condominiums
  • Directions: From Scott Blvd, go west on Wellington Dr, Left on Somerset Lane, right on Somerset Place
  • S O1 Dues Paid: y
  • Amenities: Neighborhood Assoc., Sidewalks, Street Lights
  • Basement Remarks: Poured Concrete, Finished
  • Fireplace Type Location: In Living Room, Gas
  • Interior R: Bookcases, Cable Available, Foyer-Entrance, Vaulted Ceiling
  • Kitchen Breakfast R: Breakfast Bar, Pantry
  • Lot Description R: None/Condo
  • Possession R: Negotiable, At Closing
  • Possible Finance R: Cash, Conventional
  • Stories Style R: 1 Story
  • Remarks2: Great location with a scenic view of the pond in this spacious 3 bdrm, 2 bath condo. Build-in Oak bookcase in front bedroom with a step-up cathedral ceiling. Build-in oak china hutch near DR. Large LR with gas FP & vaulted ceiling. Zero entry from garage to kitchen. Hardwood flooring, pantry and breakfast bar in kitchen. Bright and airy 3-seasons porch w/ vinyl railing and maintenance free landing. Brick-stamped patio off walkout LL with flower beds and cement bench. New water heater 2018.
  • 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: 1106
  • 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: 550
  • Laundry Location: Laundry Closet, Main
  • Mstr Br Level: Main
  • Mstr Br Width: 13
  • Number of Fireplaces: 1
  • Number of Lower Level Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Construction: Frame
  • ExteriorFeatures: Patio, Screen Porch

Utilities

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

Condo/Co-op/Association

  • Association Fee: 2100.00
  • 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
  • Geo Subdivision: IA
  • Lot Dimensions: Condo
  • Zoning: Residential

Tax Info

  • Gross Tax County City: 4155.1
  • Assessor Parcel Number: 1013479007

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2021
Sold by
Herrell Nancy A
Bought by
Horrell Nancy A and Nancy A Horrell Revocable Trus
Current Estimated Value
$320,086

Purchase Details

Listed on
Mar 1, 2020
Closed on
Mar 31, 2020
Sold by
Mccoy Lorna S and Wind Lorna S
Bought by
Horrell Nancy A
Seller's Agent
Unrepresented Seller
Unrepresented Seller
Buyer's Agent
Cindy Clark
Urban Acres Real Estate
List Price
$262,000
Sold Price
$262,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.76%
Original Mortgage
$60,000
Outstanding Balance
$53,238
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$266,848

Purchase Details

Listed on
May 4, 2015
Closed on
Jul 31, 2015
Sold by
Wachel John R and Wachel Kathleen B
Bought by
Wind Lorna S
Seller's Agent
Kevin Hochstedler
Lepic-Kroeger, REALTORS
Buyer's Agent
Chris Eden
GATEWAY ACCESS REALTY
List Price
$224,900
Sold Price
$219,900
Premium/Discount to List
-$5,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.81%
Original Mortgage
$186,915
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Horrell Nancy A -- None Available
Horrell Nancy A $262,000 None Available
Wind Lorna S $220,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horrell Nancy A $60,000
Previous Owner Mccoy Lorna S $206,150
Previous Owner Wind Lorna S $186,915
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2020 04/10/20 Pending -- -- --
04/10/2020 04/10/20 For Sale $262,000 0.0% $158 / Sq Ft
04/06/2020 04/06/20 Sold $262,000 +19.1% $158 / Sq Ft
08/03/2015 08/03/15 Sold $219,900 -2.2% $133 / Sq Ft
07/12/2015 07/12/15 Pending -- -- --
05/04/2015 05/04/15 For Sale $224,900 -- $136 / 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 $4,770 $271,100 $52,300 $218,800
2023 $4,740 $271,100 $52,300 $218,800
2022 $4,526 $227,550 $47,320 $180,230
2021 $4,506 $227,550 $47,320 $180,230
2020 $4,506 $217,000 $44,830 $172,170
2019 $3,968 $217,000 $44,830 $172,170
2018 $3,968 $189,120 $39,850 $149,270
2017 $3,826 $189,120 $39,850 $149,270
2016 $3,564 $174,100 $39,850 $134,250
2015 $3,564 $174,100 $39,850 $134,250
2014 $3,476 $169,420 $39,850 $129,570
Source: Public Records

Agents Affiliated with this Home

  • U

    Seller's Agent in 2020

    Unrepresented Seller

    Unrepresented Seller

  • Cindy Clark

    Buyer's Agent in 2020

    Cindy Clark

    Urban Acres Real Estate

    (319) 530-8091

    18 in this area

    211 Total Sales

    Cindy Clark
    Section Image

  • K

    Seller's Agent in 2015

    Kevin Hochstedler

    Lepic-Kroeger, REALTORS

  • Jon Proud

    Seller Co-Listing Agent in 2015

    Jon Proud

    Edge Realty Group

    (319) 330-7050

    1 in this area

    43 Total Sales

    Jon Proud
    Section Image
  • Chris Eden

    Buyer's Agent in 2015

    Chris Eden

    GATEWAY ACCESS REALTY

    (877) 481-6112

    1 in this area

    709 Total Sales

    Chris Eden
    Section Image
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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202002643

Iowa City Area Association of REALTORS®

APN: 1013479007

Iowa Johnson County Iowa City 52240 Eastside

51 Somerset Place, Iowa City, IA

This home is located at 51 Somerset Place, Iowa City, IA 52240 since 01 March 2020 and is currently estimated at $320,086, approximately $193 per square foot. This property was built in 1995. 51 Somerset Place 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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