1625 Somerset Ln
Iowa City, IA 52240
3 bd 2 ba 1,918 sqft Built 1997 condos
Most recent sale
$299,000
Mar 6, 2023
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 6, 2023 | Sold | $299,000 | IowaCity |
| Jan 9, 2023 | Listing removed | — | IowaCity |
| Nov 2, 2022 | Price changed | $304,500 | IowaCity |
| Oct 7, 2022 | Listed | $310,000 | IowaCity |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $229,850 | $54,790 | $284,640 | $4,944 |
| 2024 | $229,850 | $54,790 | $284,640 | $4,878 |
| 2023 | $217,490 | $52,300 | $269,790 | $4,716 |
| 2022 | $179,110 | $47,320 | $226,430 | $4,504 |
| 2021 | $179,110 | $47,320 | $226,430 | $4,438 |
| 2020 | $169,010 | $44,830 | $213,840 | $4,352 |
| 2019 | $169,010 | $44,830 | $213,840 | $3,946 |
| 2018 | $148,240 | $39,850 | $188,090 | $3,900 |
| 2017 | $148,240 | $39,850 | $188,090 | $3,696 |
| 2016 | $136,820 | $39,850 | $176,670 | $3,620 |
| 2015 | $136,820 | $39,850 | $176,670 | $3,528 |
| 2014 | $131,980 | $39,850 | $171,830 | $3,414 |
| 2013 | $131,980 | $39,850 | $171,830 | $3,460 |
| 2012 | $138,920 | $39,850 | $178,770 | $3,434 |
| 2007 | $142,250 | $39,850 | $182,100 | $3,114 |
| 2005 | $142,250 | $39,850 | $182,100 | $2,924 |
| 2004 | — | — | $174,470 | $2,846 |
Property facts
Year built
1997
Property type
condos
Stories
—
Beds
3
Baths
2
Living area
1,918 sqft
Lot size
—
ZIP code
52240
City
Iowa City
Street
Somerset Ln
Coordinates
41.64558, -91.48724
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,877
Gross rental yield
11.55%
Implied cap rate
7.51%
Trend-extrapolated value
—
Frequently asked questions
When did 1625 Somerset Ln last sell?
1625 Somerset Ln most recently sold on Mar 6, 2023 for $299,000.
What is the current tax assessment for 1625 Somerset Ln?
The most recent total assessment for 1625 Somerset Ln (year 2025) is $284,640 with $4,944 in property tax.
How does 1625 Somerset Ln's assessment compare to its last sale price?
The current assessment is 4.8% below the last sale price of $299,000.
When was 1625 Somerset Ln built?
1625 Somerset Ln was built in 1997.
How does 1625 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 1625 Somerset Ln?
1625 Somerset Ln is a 3 bed, 2 bath, 1,918 sqft condos.
Is 1625 Somerset Ln a flip candidate?
No — 1625 Somerset Ln does not appear in our flips dataset.
Is 1625 Somerset Ln a tax-appeal candidate?
No — 1625 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
-3.8%
Implied 1-yr
-15.0%
2026 Q3
$332.1K
2026 Q4
$315.6K
ZIP 52240 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Somerset Ln