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Sold for $350,000
  • $350,000

    1557 Somerset Ln, Iowa City, IA 52240

    3beds
    2,363sqft
    Condominium, Residential
    Built in 1996
    -- sqft lot
    $370,900 Zestimate®
    $148/sqft
    $3,012 Estimated rent

    Home value

    $370,900

    $352,000 - $389,000

    $3,012/mo

    Zestimate® history
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    What's special

    Tons of storageNatural lightLarge primary suiteMultipurpose room
    Peaceful, carefree, easy - all words to describe how much ‘home’ is in this condo! From the moment you arrive, you will be amazed at the space, natural light and privacy provided by being on a cul-de-sac and serene pond in your backyard! A perfect flow to entertain from the living room to the dining room, both are just off the kitchen. Walk through the kitchen to yet another space, perfect for a more connected eating space. Make sure to step onto the 3-season porch which is the perfect space to start your day! Main level living continues with a large primary suite that sits at the back of the condo so you can enjoy the pond view! There is a second bedroom on the main level but they didn’t skimp on space, it measures roughly 13’x11’ (check out the floor plans provided!) With all the main level has to offer, the walk-out lower level just adds to that value. A multipurpose room, bedroom, full bath and tons of storage - this home provides so much - and you don’t have to shovel!

    Zillow last checked:

    Listing updated:

    Listed by:

    Lou Hogan Kessler 319-351-1479,

    Urban Acres Real Estate,

    Ainsley Snyder 319-775-2420,

    Urban Acres Real Estate Corridor

    Bought with:

    Lorna McCoy

    Iowa Realty

    Source: Iowa City Area AOR,MLS#: 202304888MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Rooms
    • Room types: Family Room, Living Room Dining Room Combo, Primary Bath
    Heating
    • Natural Gas, Forced Air
    Cooling
    • Ceiling Fan(s), Central Air
    Appliances
    • Included: Dishwasher, Plumbed For Ice Maker, Microwave, Range Or Oven, Refrigerator, Dryer, Washer
    • Laundry: Laundry Room, Main Level
    Features
    • High Ceilings, Vaulted Ceiling(s), Primary On Main Level, Breakfast Area, Breakfast Bar
    • Flooring: Carpet, LVP
    • Basement: Concrete,Finished,Full,Walk-Out Access
    • Number of fireplaces: 1
    • Fireplace features: Living Room, Gas
    Interior area
    • Total structure area: 2,363
    • Total interior livable area: 2,363 sqft
    • Finished area above ground: 1,463
    • Finished area below ground: 900

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    • Has attached garage: Yes
    Features
    • Patio & porch: Patio, Front Porch
    Details
    • Parcel number: 1013479009
    • Zoning: Residential

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium, Residential
    • Attached to another structure: Yes
    Materials
    • Partial Brick, Vinyl, Composit, Frame
    Condition
    • Year built: 1996
    Details
    • Builder name: Frantz

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Features: Sidewalks, Street Lights, Near Shopping, Close To School
    • Security: Smoke Detector(s)
    • Subdivision: Wellington Condominiums
    HOA
    • Has HOA: Yes
    • Services included: Insurance, Exterior Maintenance, Maintenance Grounds, Management, Reserve Fund
    • HOA fee: $2,400 annually
    Location
    • Region: Iowa City

    Financial & listing details

    • Price per square foot: $148/sqft
    • Tax assessed value: $328,670
    • Annual tax amount: $5,206
    • Date on market: 9/14/2023
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    11/1/2023Sold$350,000-2%$148/sqft
    Source: Iowa City Area AOR #202304888 Report a problem
    9/29/2023Contingent$357,000$151/sqft
    Source: Iowa City Area AOR #202304888 Report a problem
    9/14/2023Listed for sale$357,000+24.8%$151/sqft
    Source: Iowa City Area AOR #202304888 Report a problem
    9/4/2020Sold$286,000-1.3%$121/sqft
    Source: Iowa City Area AOR #202004702 Report a problem
    7/31/2020Pending sale$289,900$123/sqft
    Source: NextHome Navigator #202004702 Report a problem
    7/30/2020Listed for sale$289,900$123/sqft
    Source: NextHome Navigator #202004702 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,478 -4.3%$328,670 +5.5%
    2024$5,727 +1.5%$311,450
    2023$5,643 +4.7%$311,450 +19.6%
    2022$5,392 +2.6%$260,370
    2021$5,258 +1.9%$260,370 +3.4%
    2020$5,158 +6.3%$251,740
    2019$4,854 $251,740 +9.7%
    2018$4,854 +1.2%$229,430
    2017$4,798 +6.2%$229,430 +7.2%
    2016$4,518 +2.1%$214,070
    2015$4,426 +2.3%$214,070 +2.5%
    2014$4,328 $208,750 -4.1%
    2012-- $217,640
    2011-- $217,640 -1.9%
    2009-- $221,920 +1.4%
    2008-- $218,800 +7.9%
    2005$3,514 +2.6%$202,720
    2004$3,424 -3.1%$202,720 +3.3%
    2003$3,534 +3.8%$196,270
    2002$3,404 +5.5%$196,270 +5.1%
    2001$3,228 $186,770
    Find assessor info on the county website

    Neighborhood: Eastside

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Lucas
    • Middle: Southeast
    • High: City

    Source: Iowa City Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $370,900
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    With Zillow Showcase(estimated)
    $378,318