NOT LISTED FOR SALE

1116 N 40th St Omaha, NE 68131

Midtown Omaha Neighborhood

Estimated Value: $34,000 - $51,000

0.22 Acre
$180,295 Price per Acre
9,583 Sq Ft Lot

Last Sold August 13, 2024

Last sale price $35,000

Est. 13% increase in value since last sale

Current estimated payment $242/month

31 Days on Market

About This Lot

As of August 2024

Seize this incredible opportunity to purchase 2 adjoining lots totaling almost half an acre! Please also see the listing for 1120 N 40th St. These 2 lots will not be sold individually and must be sold together. Selling price is $49,500.00 each. With the increasing demand for residential properties in this thriving community, these lots could represent a smart investment and/or development opportunity. The R5 zoning offers several development possibilities, providing a blank canvas for future homeowners, developers, and/or investors to bring their architectural visions to life! Close to UNMC! Additional alley access and Utilities are at the site. Don't miss out!

Last Agent to Sell the Property

Lyndsey Golden

BHHS Ambassador Real Estate License #20100453 Listed on: 07/02/2024

BHHS Ambassador Real Estate

Last Buyer's Agent

Jolene Johnson

Nebraska Realty License #20210283

Nebraska Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $316

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 50 x 200

Schools

  • Walnut Hill Elementary School
  • Lewis And Clark Middle School
  • Benson High School

Community Details

  • No Home Owners Association
  • Walnut Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2406680000

Property Details

Property Type

Land

Est. Annual Taxes

$316

Lot Details

0

Listing Details

  • Parcel Number: 2406680000
  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 0.22
  • Lot Size: 50 x 200
  • Ownership: Fee Simple
  • Subdivision Name: Walnut Hill
  • Directions: N/A
  • Habitable Residence: No
  • Special Features: None

Exterior Features

  • Road Surface Type: Concrete
  • Fencing: None

Utilities

  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Water Available, Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Benson
  • Elementary School: Walnut Hill
  • Junior High Dist: Omaha
  • Middle Or Junior School: Lewis and Clark

Lot Info

  • Lot Features: Under 1/4 Acre
  • Land Lease: No
  • ResoLotSizeUnits: SquareFeet

Green Features

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 316.46

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2024
Closed on
Aug 7, 2024
Sold by
Jkjk Properties Llc
Bought by
D & E Llc
Seller's Agent
Lyndsey Golden
BHHS Ambassador Real Estate
Buyer's Agent
Jolene Johnson
Nebraska Realty
List Price
$49,500
Sold Price
$35,000
Premium/Discount to List
-$14,500
-29.29%
Views
12
Current Estimated Value
$39,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,665
Avg. Annual Appreciation
12.66%

Purchase Details

Closed on
Jun 10, 2021
Sold by
Omaha Municipal Land Bank
Bought by
Jkjk Properties Llc
Source: Public Records

Range of Values:

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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
D & E Llc $35,000 Aksarben Title
D & E Llc $35,000 Aksarben Title
Jkjk Properties Llc $9,000 Charter T&E Svcs Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2024 08/13/24 Sold $35,000 -29.3% --
08/03/2024 08/03/24 Pending -- -- --
07/02/2024 07/02/24 For Sale $49,500 -- --
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
2024 $316 $15,000 $15,000 --
2023 $316 $15,000 $15,000 --
2022 $320 $15,000 $15,000 $0
2021 $318 $15,000 $15,000 $0
2020 $0 $0 $0 $0
2019 $49 $15,000 $15,000 $0
2018 $323 $15,000 $15,000 $0
2017 $49 $2,300 $2,300 $0
2016 $49 $2,300 $2,300 $0
2015 $49 $2,300 $2,300 $0
2014 $49 $2,300 $2,300 $0
Source: Public Records

Agents Affiliated with this Home

  • Lyndsey Golden

    Seller's Agent in 2024

    Lyndsey Golden

    BHHS Ambassador Real Estate

    (402) 493-4663

    3 in this area

    70 Total Sales

    Lyndsey Golden
    Section Image
  • Jolene Johnson

    Buyer's Agent in 2024

    Jolene Johnson

    Nebraska Realty

    (402) 208-3888

    2 in this area

    28 Total Sales

    Jolene Johnson
    Section Image
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Map

Source: Great Plains Regional MLS

MLS Number: 22416720

Great Plains Regional MLS

APN: 0668-0000-24

Nebraska Douglas County Omaha 68131 Midtown Omaha

1116 N 40th St, Omaha, NE

This home is located at 1116 N 40th St, Omaha, NE 68131 since 02 July 2024 and is currently estimated at $39,665. 1116 N 40th St is a home located in Douglas County with nearby schools including Walnut Hill Elementary School, Lewis & Clark Middle School, and Benson Magnet High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Great Plains Regional MLS Listing information is provided by Participants of the Great Plains Regional Multiple Listing Service Inc.
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.
Information is deemed reliable but not guaranteed.
Copyright 2025, Great Plains Regional MLS LLC

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