NOT LISTED FOR SALE

Estimated Value: $290,571

-- Bed
7 Baths
4,000 Sq Ft
$73/Sq Ft Est. Value

Last Sold February 26, 2018

Last sale price $185,000 $46 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $1,928/month

6 Days on Market

Highlights

  • No HOA
  • Window Unit Cooling System
  • Forced Air Heating System

About This Home

As of February 2018

Great investment 7 flex Central location, Walking distance to a growing downtown Lincoln and close to UNL. security entrance, coin operate Clothes Washer/ Dryer, well maintained apt, 100% occupied and low rent, Tenants pay their own utilities, a lot of potential for investors.

Last Agent to Sell the Property

Andy Vu

1st Choice Realty Team License #20050110 Listed on: 11/09/2017

Last Buyer's Agent

Tim Bayne

Nebraska Realty License #20120103

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,931

Year Built

  • Built in 1929

Lot Details

  • 4,400 Sq Ft Lot
  • Lot Dimensions are 44 x 100

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Block Foundation

Bedrooms and Bathrooms

  • 7 Full Bathrooms

Schools

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Additional Features

  • Basement

Listing and Financial Details

  • Total Actual Rent $2,495
  • Assessor Parcel Number 1026423008000

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • Insurance Expense $1,785
  • Maintenance Expense $2,400
  • Net Operating Income $19,887

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,931

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Parcel Number: 1026423008000
  • Property Sub Type: Multi Family
  • Year Built: 1929
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.101
  • Lot Size: 44 x 100
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Basement YN: Yes
  • Full Bathrooms: 7
  • Fireplace: No
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Block
  • Construction Type: Brick/Other
  • Property Condition: Not New and NOT a Model

Garage/Parking

  • Total Parking Spaces: 4

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, 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., Alley
  • Lot Size Sq Ft: 4400
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Insurance Expense: 1785
  • Maintenance Expense: 2400
  • Number Of Units Total: 7
  • Property Net Operating Income: 19887
  • Total Actual Rent: 2495

Tax Info

  • Tax Annual Amount: 2930.52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2017
Closed on
Feb 25, 2018
Sold by
Nguyen Tien and Dang Bich Ha
Bought by
Summit Management Group Llc
Seller's Agent
Andy Vu
1st Choice Realty Team
Buyer's Agent
Tim Bayne
Nebraska Realty
List Price
$185,000
Sold Price
$185,000
Current Estimated Value
$290,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,571
Avg. Annual Appreciation
5.44%
Original Mortgage
$138,750
Outstanding Balance
$119,115
Interest Rate
3.99%
Mortgage Type
Commercial
Estimated Equity
$157,024

Purchase Details

Listed on
Sep 24, 2014
Closed on
Feb 18, 2015
Sold by
Branchaud James A and Branchaud Beverly R
Bought by
Nguyen Tien and Dang Bich Ha
Seller's Agent
Bob Branchaud
Woods Bros Realty
Buyer's Agent
Andy Vu
1st Choice Realty Team
List Price
$139,000
Sold Price
$153,000
Premium/Discount to List
$14,000
10.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.51%
Original Mortgage
$101,000
Interest Rate
3.68%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 4, 2009
Sold by
Branchaud Katherine R
Bought by
Branchaud James A and Branchaud Beverly R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,500
Interest Rate
4.99%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 13, 2008
Sold by
Branchaud Glenn Robert and Branchaud James Arthur
Bought by
Branchaud Katherine R

Purchase Details

Closed on
Dec 14, 2000
Sold by
Vondracek John J
Bought by
Branchaud Katherine R and Branchaud Olga E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
9.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 1999
Sold by
Holthus Joleen
Bought by
Vondracek John J and Vondracek Rosalie E
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
Summit Management Group Llc $185,000 Nebraska Title Co
Nguyen Tien $153,000 Investors Title Insurance Co
Branchaud James A $104,000 Ctc
Branchaud Katherine R -- None Available
Branchaud Katherine R $160,000 --
Vondracek John J $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Summit Management Group Llc $138,750
Previous Owner Nguyen Tien $101,000
Previous Owner Branchaud James A $125,500
Previous Owner Branchaud Katherine R $130,056
Previous Owner Branchaud Katherine R $144,000
Closed Branchaud Katherine R $16,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2018 02/26/18 Sold $185,000 0.0% $46 / Sq Ft
11/15/2017 11/15/17 Pending -- -- --
11/09/2017 11/09/17 For Sale $185,000 +20.9% $46 / Sq Ft
02/23/2015 02/23/15 Sold $153,000 +10.1% $38 / Sq Ft
11/07/2014 11/07/14 Pending -- -- --
09/24/2014 09/24/14 For Sale $139,000 -- $35 / 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
2024 $4,554 $326,500 $52,500 $274,000
2023 $5,211 $310,900 $52,500 $258,400
2022 $5,421 $272,000 $52,500 $219,500
2021 $4,359 $231,200 $52,500 $178,700
2020 $3,340 $174,800 $52,500 $122,300
2019 $3,340 $174,800 $52,500 $122,300
2018 $3,355 $174,800 $13,200 $161,600
2017 $2,915 $150,500 $13,200 $137,300
2016 $2,931 $150,500 $13,200 $137,300
2015 $2,910 $150,500 $13,200 $137,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Plains Regional MLS

MLS Number: L10141710

Great Plains Regional MLS

APN: 10-26-423-008-000