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Off market
  • $4,610,000

    1216 Somerset Ln, Newport Beach, CA 92660

    4beds
    3,025sqft
    SingleFamily
    Built in 1972
    0.26 Acres Lot
    $4,610,000 Zestimate®
    $1,524/sqft
    $6,749 Estimated rent

    Home value

    $4,610,000

    $4.06M - $5.26M

    $6,749/mo

    Zestimate® history
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    $29,028/mo

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    What's special

    1216 Somerset Lane is a two story residence that presents a rare occasion to remodel the existing home or build the dream home to suit your lifestyle. This home offers 3025 square feet, 4 bedrooms (with the ability to easily convert some extra space into a 5th bedroom or nursery) 3.5 baths, a spacious 3 car garage and an expansive yard covering over 11,300 sq. ft. This quiet interior location is located on a street to street lot (backing up to Pescador) with close proximity to the Newport Aquatic Center, Mariners Park and 17th Street retail shops and restaurants offers a unique opportunity. This is the first time the home has been on the market in over 24 years!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Forced air, Wood / Pellet
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Trash compactor
    Features
    • Flooring: Tile, Carpet, Hardwood
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 3,025 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Off-street, None, Garage
    Features
    • Exterior features: Stone, Brick
    Lot
    • Size: 0.26 Acres
    Details
    • Parcel number: 11746216

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Roof: Shake / Shingle
    Condition
    • Year built: 1972

    Community & HOA

    Location
    • Region: Newport Beach

    Financial & listing details

    • Price per square foot: $1,524/sqft
    • Tax assessed value: $2,341,014

    Price history

    DateEventPrice
    11/6/2015Sold$1,900,000-7.3%$628/sqft
    Source: Public Record Report a problem
    9/26/2015Pending sale$2,050,000$678/sqft
    Source: BHHS California Properties #NP15126399 Report a problem
    8/21/2015Price change$2,050,000-4.7%$678/sqft
    Source: BHHS California Properties #NP15126399 Report a problem
    7/19/2015Price change$2,150,000-4.4%$711/sqft
    Source: BHHS California Properties #NP15126399 Report a problem
    6/12/2015Listed for sale$2,250,000$744/sqft
    Source: Berkshire Hathaway Homeservice #NP15126399 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $2,341,014 +2%
    2025$24,452 +1.6%$2,295,112 +2%
    2024$24,068 +2.4%$2,250,110 +2%
    2023$23,505 +1.7%$2,205,991 +2%
    2022$23,116 +2%$2,162,737 +2%
    2021$22,673 +1%$2,120,331 +1%
    2020$22,455 $2,098,590 +2%
    2019$22,455 +2.1%$2,057,442 +2%
    2018$21,991 +6%$2,017,100 +4.1%
    2017$20,755 $1,938,000 +2%
    2016$20,755 +2.3%$1,900,000 +157.8%
    2015$20,289 +158.2%$736,949 +2%
    2014$7,857 $722,514 +0.5%
    2013-- $719,249 +2%
    2012-- $705,147 +2%
    2011-- $691,321 +0.8%
    2010-- $686,155 -0.2%
    2009-- $687,786 +2%
    2008-- $674,300 +2%
    2007-- $661,079 +2%
    2006-- $648,117 +2%
    2005-- $635,409 +2%
    2004-- $622,950 +1.9%
    2003-- $611,533 +2%
    2002-- $599,543 +2%
    2001$5,986 +2.6%$587,788 +2%
    2000$5,834 $576,263
    Find assessor info on the county website

    Neighborhood: 92660

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Mariners
    • Middle: Ensign
    • High: Newport Harbor
    • District: Newport Mesa Unified

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $4,610,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $4,610,000