976 Somerset Ln
Melbourne, FL 32940
4 bd 2 ba 2,085 sqft Built 1992 Lot 14,375 sqft single_family
Most recent sale
$525,000
Sep 9, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 9, 2022 | Sold | $525,000 | MLS #939962 |
| Jul 28, 2022 | Listed | $525,000 | MLS #939962 |
| May 12, 2018 | Listed | $342,000 | MLS #813533 |
| Mar 18, 2005 | Sold | $303,000 | MLS #311316 |
| Dec 2, 2004 | Listed | $324,000 | MLS #311316 |
| Nov 6, 2003 | Sold | $224,900 | Public Record |
| Dec 1, 1992 | Sold | $164,900 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $281,570 | $132,000 | $413,570 | $5,350 |
| 2024 | $281,570 | $132,000 | $413,570 | $5,214 |
| 2023 | $282,960 | $132,000 | $414,960 | $5,262 |
| 2021 | $203,720 | $82,000 | $285,720 | $4,279 |
| 2020 | $175,570 | $92,000 | $267,570 | $4,062 |
| 2019 | — | — | $277,840 | $4,313 |
| 2018 | $194,590 | $58,000 | $252,590 | $4,008 |
| 2017 | $176,770 | $64,000 | $240,770 | $3,978 |
| 2016 | $165,520 | $62,000 | $227,520 | $3,943 |
| 2015 | — | — | $207,020 | $3,811 |
| 2014 | — | — | $188,200 | $3,526 |
| 2013 | — | — | $172,230 | $3,344 |
| 2012 | — | — | $156,580 | $2,756 |
| 2011 | — | — | $150,080 | $2,644 |
| 2010 | — | — | $154,430 | $2,501 |
| 2009 | — | — | $176,110 | $2,684 |
| 2008 | — | — | $225,000 | $2,864 |
Property facts
Year built
1992
Property type
single_family
Stories
1
Beds
4
Baths
2
Living area
2,085 sqft
Lot size
14,375 sqft
ZIP code
32940
City
Melbourne
Street
Somerset Ln
Coordinates
28.20958, -80.69282
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,857
Gross rental yield
8.82%
Implied cap rate
5.73%
Trend-extrapolated value
—
Frequently asked questions
When did 976 Somerset Ln last sell?
976 Somerset Ln most recently sold on Sep 9, 2022 for $525,000.
What is the current tax assessment for 976 Somerset Ln?
The most recent total assessment for 976 Somerset Ln (year 2025) is $413,570 with $5,350 in property tax.
How does 976 Somerset Ln's assessment compare to its last sale price?
The current assessment is 21.2% below the last sale price of $525,000.
When was 976 Somerset Ln built?
976 Somerset Ln was built in 1992.
How does 976 Somerset Ln compare to others on Somerset Ln?
We track 8 other properties on Somerset Ln. Browse the list under "Other properties on Somerset Ln" to compare beds, baths, and sale history.
What are the property facts for 976 Somerset Ln?
976 Somerset Ln is a 4 bed, 2 bath, 2,085 sqft, 14,375 sqft lot single_family.
Is 976 Somerset Ln a flip candidate?
No — 976 Somerset Ln does not appear in our flips dataset.
Is 976 Somerset Ln a tax-appeal candidate?
No — 976 Somerset Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.9%
Implied 1-yr
+3.6%
2026 Q3
$537.5K
2026 Q4
$542.1K
ZIP 32940 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Somerset Ln