NOT LISTED FOR SALE

Estimated Value: $561,227

-- Bed
1 Bath
1,848 Sq Ft
$304/Sq Ft Est. Value

Last Sold September 07, 2017

Last sale price $300,000 $162 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $3,463/month

19 Days on Market

Highlights

  • 0.24 Acre Lot
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of September 2017

100% occupied! This building is part of a portfolio of 7 properties consisting of 60 units. Owner prefers to sell as a package, but will consider selling separate. Well maintained Class C buildings. The vacancy rate over the past 12 months has been less than 1% AND rents were raised. Safe to say rents will stay at this level. There is room for some income income increase with minor updates. Management in place for smooth transition to new owner. See attached docs for pro forma. Do NOT disturb tenants!

Last Agent to Sell the Property

Jeri Schlickbernd

Dreamvesting License #20110180 Listed on: 05/09/2017

Co-Listed By

Todd Walkenhorst

Keller Williams License #20120095

Last Buyer's Agent

Tim Bayne

Nebraska Realty License #20120103

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,642

Year Built

  • Built in 1963

Lot Details

  • 10,610

Home Design

  • Slab Foundation
  • Frame Construction

Schools

  • Everett Elementary School
  • Park Middle School
  • Lincoln High School

Additional Features

  • 1 Full Bathroom
  • 10,610 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 1026409016000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,642

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Parcel Number: 1026409016000
  • Property Sub Type: Multi Family
  • Year Built: 1963
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2436
  • Lot Size: 10610
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Fireplace: No
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Slab
  • Construction Type: Frame
  • Property Condition: Not New and NOT a Model
  • Roof: Other

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Other Fuel, Forced Air
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Lincoln High
  • Elementary School: Everett
  • Junior High Dist: Lincoln
  • Middle Or Junior School: Park

Lot Info

  • Lot Features: Up to 1/4 Acre.
  • Lot Size Sq Ft: 10610
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 10

Tax Info

  • Tax Annual Amount: 4642.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 23, 2008
Sold by
Cao Lee P and Cao Louann P
Bought by
Sbs Kapital Llc
Current Estimated Value
$561,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,245,000
Outstanding Balance
$777,885
Interest Rate
5.88%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$216,658

Purchase Details

Closed on
May 21, 2004
Sold by
Hollingsworth Robert G and Hollingsworth Cora B
Bought by
Cao Lee P and Cau Louann P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,000
Interest Rate
5.93%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sbs Kapital Llc -- Charter Title
Cao Lee P $256,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sbs Kapital Llc $1,245,000
Previous Owner Cao Lee P $193,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/07/2017 09/07/17 Sold $300,000 0.0% $162 / Sq Ft
05/19/2017 05/19/17 Pending -- -- --
04/30/2017 04/30/17 For Sale $300,000 -- $162 / Sq Ft
Source: Great Plains Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,276 $479,900 $50,400 $429,500
2024 $6,276 $457,000 $70,000 $387,000
2023 $7,911 $472,000 $70,000 $402,000
2022 $8,233 $413,100 $70,000 $343,100
2021 $6,622 $351,200 $70,000 $281,200
2020 $5,073 $265,500 $70,000 $195,500
2019 $5,074 $265,500 $70,000 $195,500
2018 $5,096 $265,500 $70,000 $195,500
2017 $4,618 $238,400 $70,000 $168,400
2016 $4,642 $238,400 $70,000 $168,400
2015 $4,610 $238,400 $70,000 $168,400
2014 $4,360 $224,200 $50,400 $173,800
2013 -- $224,200 $50,400 $173,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Plains Regional MLS

MLS Number: L10137500

Great Plains Regional MLS

APN: 10-26-409-016-000