$825,000
NEW CONSTRUCTION $100K PRICE DROP

1040 O St Unit 620 Lincoln, NE 68508

Downtown Lincoln Neighborhood

Estimated payment $5,987/month

Total Views 4,783
3 Beds
3 Baths
2,180 Sq Ft
$378 Price per Sq Ft

Highlights

  • Under Construction
  • Cooling Available
  • 2-minute walk to Government Square Park
  • Deck
  • Heat Pump System

About This Home

The TEN40 Project involves the redevelopment and rehabilitation of the existing six-story 1040 O Street Building in downtown Lincoln, Nebraska. The building is one of Lincoln’s best Art Deco-style buildings and consists of 23 residential and 1 commercial unit occupied by 93.7 The Ticket, The Mill Coffee House and Beatrice Bakery which make great building amenities. Only 2 units left! One of these Top Floor Penthouse Customizable Dream Condos could be yours! Framed out per the attached floor plan, primed and ready for your paint and finish selections! All details & finishes are completely customizable, with the builder of your choice. This modern way of living or renting (STVR such as AirBnB & VRBO) make this property income producing and 1031 Exchange Eligible on over 2415 SF including 3 bedrooms, 2.5 baths & ample living space. Complete with a private rooftop deck accessible through our living room with stunning views of the Downtown Lincoln Skyline

Last Listed By

Chris Vasek

LINE Commercial Real Estate License #20140037 Listed on: 04/04/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,569

Year Built

  • Built in 2023 | Under Construction

HOA Fees

  • $894 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • 2,180 Sq Ft Home
  • Brick Foundation
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Deck

Schools

  • Mcphee Elementary School
  • Park Middle School
  • Lincoln High School

Utilities

  • Cooling Available
  • Heat Pump System

Community Details

  • Association fees include exterior maintenance, insurance, common area maintenance, trash, management
  • Ten40 O Condominium Association
  • Built by BIC or Other
  • Central Business District Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1023430008025
  • $330 per year additional tax assessments

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,569

Year Built

Built in 2023 | Under Construction

Lot Details

0

HOA Fees

$894 per month

Listing Details

  • Parcel Number: 1023430008025
  • Property Sub Type: Condominium
  • Year Built: 2023
  • Prop. Type: Residential
  • Lot Size: 0 x 0
  • Ownership: Condominium
  • Subdivision Name: Central Business District
  • Directions: Northwest corner of 11th & O Street
  • Above Grade Finished Sq Ft: 2180
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Other
  • New Construction: Yes
  • ResoBuildingAreaSource: Plans
  • Special Features: NewHome

Interior Features

  • Basement: Other
  • Basement YN: No
  • Total Bedrooms: 3
  • Fireplace: No
  • Living Area: 2180
  • ResoLivingAreaSource: Plans
  • Master Bedroom Master Bedroom Level: Main Floor

Exterior Features

  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Fencing: None
  • Builder Name: BIC or Other
  • Patio And Porch Features: Deck
  • Property Condition: Under Construction

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 893.8
  • Association Fee Frequency: Monthly
  • Association Name: Ten40 O Condominium Association
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Exterior Maintenance, Insurance, Common Area Maintenance, Other, Trash, Management

Schools

  • High School: Lincoln High
  • Elementary School: Mcphee
  • Junior High Dist: Lincoln Public Schools
  • Middle Or Junior School: Park

Lot Info

  • Property Attached Yn: Yes
  • ResoLotSizeUnits: SquareFeet

Green Features

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8569.38
  • Tax Other Annual Assessment Amount: 329.74

Multi Family

  • Above Grade Finished Area Units: Square Feet

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
2024 $11,170 $760,500 $120,000 $640,500
2023 $8,569 $511,300 $120,000 $391,300
2022 $3,699 $185,600 $27,700 $157,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2025 04/04/25 Price Changed $825,000 -10.8% $378 / Sq Ft
10/17/2024 10/17/24 For Sale $925,000 -- $424 / Sq Ft
Source: Great Plains Regional MLS

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  • 1040 O St Unit 610, Lincoln, NE 68508

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    • 3 Baths
    • 2,415 Sq Ft
    • 1040 O St
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    The TEN40 Project involves the redevelopment and rehabilitation of the existing six-story 1040 O Street Building in downtown Lincoln, Nebraska. The building is one of Lincoln’s best Art Deco-style buildings and consists of 23 residential and 1 commercial unit occupied by 93.7 The Ticket, The Mill Coffee House and Beatrice Bakery which make great building amenities. Only 2 units left! One of

    Chris Vasek LINE Commercial Real Estate

    Section Image
See All Homes in Lincoln

Source: Great Plains Regional MLS

MLS Number: 22426732

Great Plains Regional MLS

APN: 10-23-430-008-025

Nebraska Lancaster County Lincoln 68508 Downtown Lincoln

1040 O St Unit 620, Lincoln, NE

This home is located at 1040 O St Unit 620, Lincoln, NE 68508 and is currently priced at $825,000, approximately $378 per square foot. This property was built in 2023. 1040 O St Unit 620 is a home located in Lancaster County with nearby schools including McPhee Elementary School, Park Middle School, and Lincoln High School.

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Chris Vasek
Listing Agent
Chris Vasek
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LINE Commercial Real Estate
(402) 825-8508