Palm River-Clair Mel › Magnolia Park Northeast E

4743 Somerset Hill Ln

Riverview, FL 33578
$215,000
2 bed2.5 bath1,320 sqftTownhome · built 2015

Listed at $163 per sq ft. Median for townhomes in Palm River-Clair Mel sold in the last 24 months: $170 per sq ft.

76 sales · Stellar MLS, credited below

What stands out about this home

Compared with townhomes like it, within product classi
Size
Larger than 20% of townhomes sold in Palm River-Clair Mel
163 townhome sales · Jan 2024 - Oct 2026
Price
Listed 12% below the typical price for a townhome its size in Palm River-Clair Mel
163 townhome sales · Jan 2024 - Oct 2026
Standout feature
No standout feature to report
Age
Newer than 40% of townhomes in Palm River-Clair Mel
337 homes · May 2023 - Oct 2026
Compared against 40 similar homes sold within 0.96 mi.

About this property

Virtually Staged. Welcome to this move-in ready 2-bedroom, 2.5-bathroom townhome in the gated community of Magnolia Park! You’ll love the private location and terrific pond views from your screened-in patio with no direct backyard neighbors. Recent updates include a new range, new carpets upstairs, and fresh interior paint. The HOA recently completed an exterior renovation with new roofs, new siding, and exterior painting. The floor plan features a main floor open concept living and dining area that flows into a stylish kitchen with an island and large pantry closet. Upstairs, you’ll find the bedrooms and bathrooms in a split plan for maximum privacy, along with the laundry closet. Additional features include granite counters, a kitchen with loads of cabinet and counter space, stainless-steel appliances, luxury vinyl plank flooring on the main level and in the bathrooms, ceiling fans, spacious closets, and a relaxing screened-in patio. Residents of Magnolia Park enjoy resort-style amenities including several pools, trails, and a sports court. The HOA provides services including lawn care, landscaping, water, and two gated entrances. The location is ideal, less than 1 mile from the crosstown expressway, grocery stores, shopping, a movie theater, restaurants, and gyms. This is a HomePath property. Buyers may be eligible for closing cost assistance through specific programs; visit HomePath online for more information. Schedule your private tour today!

Property details

Year built2015
Lot size0.03 ac
HOA fee$473/mo
Days on market28
MLS#TB8547701
Ceiling fansEat-in kitchenLiving/dining comboOpen floorplanPrimary bedroom upstairsSolid surface counters
All features →
  • Ceiling fans
  • Eat-in kitchen
  • Living/dining combo
  • Open floorplan
  • Primary bedroom upstairs
  • Solid surface counters
  • Split bedroom
  • Walk-in closets
  • Dishwasher
  • Disposal
  • Microwave
  • Range
  • Carpet flooring
  • Trees or woods view
  • Water view
  • Central air conditioning
  • Central heating
  • Shingle roof
  • Slab foundation
  • Stucco construction
  • Two stories
  • Laundry closet
  • Upstairs laundry
  • Broadband internet available
  • Public utilities
  • Granite countertops
  • Stainless steel appliances

The market for homes like this

Townhomes in Palm River-Clair Mel · all sizes
Too few 2-bedroom townhome sales here to report on their own, so these cover every townhome in Palm River-Clair Mel.i
Median sold price$266,50076 sales · last 24 months
Median price per sq ft$17076 sales · last 24 months
Median rent$2,095/mo47 leases · last 12 months
Median days to lease3347 leases · last 12 months

Palm River-Clair Mel, as its listings describe it

What agents stated on listings, 2004 – 2026i
Community pool81%of 246 listings
HOA fee, median$224/moof 195 listings
Has an association62%of 444 listings
Pets allowed88%of 532 listings
Minimum lease, most commonNo Minimum49% of 310 listings · next: 1–2 Years
Lease restrictions39%of 314 listings
Association approval required30%of 239 listings
Private pool3%of 641 listings
Gated52%of 246 listings
Public water · sewer97% · 86%of 374 · 387 listings
Flood zone (A or V)18%of 386 listings
55+ communityNo100% of 445 listings · next: Yes
Homestead share Magnolia Park Northeast E53%of 103 homes · county tax roll
Also stated: waterfront 6% of 452 listings; CDD 33% of 338.

Price and time on market

This listing against homes like iti
Price per sq ft
Listed at $163 per sq ft, 4% below the $170 median for townhomes in Palm River-Clair Mel sold in the last 24 months
76 sales · last 24 months
Time on market
On the market 28 days; townhomes in Palm River-Clair Mel took a median of 47 days to sell in the last 24 months
76 sales · last 24 months
Price history
Listed at $222,000 originally; now $215,000, 3.2% lower after at least one price reduction. The most recent: down $7,000 on Oct. 9, 2026
at least one price reduction visible

Cost of ownership

What this home costs to hold, from public recordsi
Current owner's taxes
i
$4,256 for 2025 on the listing; about $3,456 on the 2026 roll
The listing and the county roll disagree materially; both are shown
Estimated taxes at this price
i
About $2,300/yr homesteaded, $3,100/yr as an investor
Estimated: the asking price through the county's price-to-value factor, at the parcel's published millage; assessments reset at sale
Typical electric bill
i
$166/mo (2024)
Typical: the utility's average residential bill for 2024 (not this home's)
Typical water and sewer
i
$98/mo at 5,000 gallons
Typical: the provider's published schedule at 5,000 gallons a month on a standard residential meter
THE NEIGHBORHOOD

Living in Palm River-Clair Mel

unincorporated Hillsborough County · Hillsborough County · ZIP 33578 · Palm River-Clair Mel (census-designated place) · Flood zone X
Explore Palm River-Clair Mel →
Homes8,125residential parcels
Median sold price$345,000229 sales · last 12 months
Vs. the prior year+3.0%229 sales this year · 293 sales the prior year
Median rent$2,300/mo108 leases · last 12 months
Homes that changed hands3%229 sales of 8,125 homes
Homestead share63%of 8,125 homes · county tax roll
Townhomes in Palm River-Clair Mel, by bedroomsFigures appear once a group has 40 sales
GROUPSALESMEDIAN SOLDMEDIAN RENT
All townhomes · 12 months33Not enough sales yet to report on their own
2 bed · this home22Not enough sales yet to report on their own
3 bed10Not enough sales yet to report on their own
4 bed1Not enough sales yet to report on their own
All townhomes · 24 months76$266,500$2,000/mo89 leases
Median price

Palm River-Clair Mel homes sold for a median of $345,000 in the 12 months to Oct. 11, 2026.

229 sales
Price trend

That's 3.0% above the median for the 12 months before, $335,000.

229 sales this year · 293 sales the prior year
What's selling

Single-family detached homes made up 189 of the 229 sales in the same 12 months, at a median of $358,000.

189 of 229 sales

Location

4743 SOMERSET HILL LN, RIVERVIEW, FL 33578

Nearby homes for sale in Riverview

Based on information from Stellar MLS® for the period October 7, 2004 through October 11, 2026.

Listings courtesy of Stellar MLS as distributed by MLS GRID

HomeProp is a licensed Florida real estate brokerage (License CQ1055163). Regulated by the Florida Real Estate Commission (FREC), 400 W Robinson St, Orlando, FL 32801. All information deemed reliable but not guaranteed.

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