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1242 Somerset Ln, Newport Beach, CA 92660
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1242 Somerset Ln Newport Beach, CA 92660

$2,750,000 Sold Price as of 08/20/2021
  • 4 Beds
  • 4.5 Baths
  • 3,250 Sq.Ft.
Sold
$2,750,000 Sold Price as of 08/20/2021 Refinance Your Mortgage
Map preview of 1242 Somerset Ln, Newport Beach, CA 92660

Property Overview: 1242 Somerset Ln Newport Beach, CA has 4 bedrooms, 4.5 bathrooms, 3,250 living square feet and 12,197 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Entered for Comps Purposes Only

Listed by Jay Viloria | BRE #01037496 | Villa Real Estate
Last checked: 13 minutes ago | Last updated: December 2nd, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
12,197
HOA Dues
$0/mo
Year built
1959
Garage
2 Car
Property Type:
Single Family Home
Status
Sold
MLS#
NP21184331
City
Newport Beach
County
Orange
Time on Site
990 days

Property Details for 1242 Somerset Ln

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Individual Room, Inside
Fireplace Information
  • Has Fireplace
  • Family Room
Room Information
  • Downstairs Bedrooms: 1
  • Downstairs Bathrooms: 1
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Flooring: Carpet, Tile, Wood
  • All Bedrooms Down
Bathroom Information
  • # of Baths (Full): 4
  • # of Baths (1/2): 1
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Spa
  • Spa Features: Private
Exterior Features
  • Has Patio
  • Has Pool
  • Pool Features: Private
  • Concrete
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Attached Garage
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Pool
  • Common Walls: No Common Walls
  • Total # of Units: 1
  • Parcel Number: 11746220
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Sewer Connected
Assessment Information
  • No Assessments
  • Assessments: None
Schools
School Information
  • High School District: Newport Mesa Unified
Location / Neighborhood
Location Information
  • Subdivision Name: Westcliff East (WCDE)
  • Directions: Highland to Somerset Cross Streets: Highland
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Newport Beach Agent

Sale History for 1242 Somerset Ln

Last sold for $2,750,000 on August 20th, 2021

  • August, 2021

  • Aug 20, 2021

    Date

    Sold

    CRMLS: NP21184331

    $2,750,000

    Price

  • Aug 20, 2021

    Date

    Active

    CRMLS: NP21184331

    $27,500,000

    Price

  • December, 2009

  • Dec 17, 2009

    Date

    Sold (Public Records)

    Public Records

    $1,869,000

    Price

  • February, 1994

  • Feb 14, 1994

    Date

    Sold (Public Records)

    Public Records

    $588,131

    Price

Show More

Tax History for 1242 Somerset Ln

Assessed Value (2020): $2,224,412
Year Land Value Improved Value Assessed Value
2020 $1,828,516 $395,896 $2,224,412

Home Value Compared to the Market

This property vs the competition

1242 Somerset Ln sold on August 20, 2021 for 25.68% lower than the current median sold price for the city of Newport Beach which is $3,700,000. The median sold price per/sqft for Newport Beach is $1,360 and this home is sold at $846.15 per/sqft which puts the price per square foot 37.78% lower than the current median sale per square foot for the city of Newport Beach.

About 1242 Somerset Ln

Detailed summary of property

1242 Somerset Ln is a single family home that recently sold in Newport Beach, CA 92660. This house offered 4 bedrooms, 4.5 bathrooms, roughly 3,250 living square feet, and sits on an approximately 12,197 square foot lot. 1242 Somerset Ln was first listed on ArdentRealEstateGroup.com on August 20, 2021. The homeowner sold the property for $2,750,000. Home in Newport Beach are selling for a median price of $3,700,000 and a median price per square foot of $1,360. Based on Ardent Real Estate Group's Newport Beach Market Data, this home is sold 25.68% lower than the current median priced home. Local homes that are currently for sale include 227 Virginia Pl, 613 E Balboa Blvd #A and 806 E Oceanfront #B. There are currently 275 homes for sale in the Newport Beach real estate market and 208 of them are single family homes while 54 of them are condos and 13 are townhomes. For more information on this home for sale at 1242 Somerset Ln Newport Beach, CA 92660 contact Ardent Real Estate Group and we will put you in touch with one of our Newport Beach agents.

Public Facts for 1242 Somerset Ln

Public county record property details
Beds
5
Baths
4
Year built
1959
Sq. Ft.
3,194
Lot Size
12,160
Stories
1
Type
Single Family Residential
Pool
Yes
Spa
Yes
County
Orange
Lot#
31
APN
117-462-20

The source for these homes facts are from public records.

92660 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$3,800,000
Median List Price/Sq.Ft.
$1,227
Median Sold Price
$3,050,000
Median Sold Price/Sq.Ft.
$1,166
Total Inventory
131
Median Sale to List Price %
91.05%
Avg Days on Market
51
Loan Type
Conventional (7.14%), FHA (3.57%), VA (0%), Cash (46.43%), Other (42.86%)

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Recently Sold Homes Near 1242 Somerset Ln

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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