$279,000
SOLD DEC 23, 2024

1222 W 8th St Grand Island, NE 68801

3 Beds
3 Baths
962 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$290 Per Sq Ft

13% Below List Price

34 Days on Market

Highlights

  • Furnished
  • Balcony
  • Mini Split Air Conditioners
  • Formal Dining Room
  • 2 Car Detached Garage
  • Patio

About This Home

As of December 2024

Multi Family Property with house and 2 residence used for Airbnb or VRBO. Both units can be listed separately. Main house features 2 beds on main with 2 non conforming beds and bath in basement. Original wood floors, updated kitchen and bath, formal dining, fully furnished. 2nd unit is finished apartment style unit with full updated kitchen and bath, loft with living space and bedroom, two car garage, patio area. Property sits on corner lot 1/2 block from Jefferson Grade School.

Last Agent to Sell the Property

Casey Williams

Nebraska Realty License #980442 Listed on: 09/20/2024

Nebraska Realty

Last Buyer's Agent

Hector Rubio

Rubio Real Estate and Property Management LLC License #20110208

Rubio Real Estate and Property Management LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,742

Year Built

  • Built in 1911

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 52 x 132
  • Private Entrance
  • Fenced

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Bungalow
  • Frame Construction
  • Composition Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 962 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Formal Dining Room
  • Fire and Smoke Detector
  • Washer and Dryer Hookup
  • Finished Basement

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Balcony
  • Patio

Schools

  • Jefferson Elementary School
  • Walnut Middle School
  • Grand Island Senior High School

Utilities

  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Master Meter
  • Water Heater

Listing and Financial Details

  • The owner pays for gas, electricity, water, applies to all units

Community Details

Overview

  • 2 Units

Building Details

  • 8 Vacant Units
  • Operating Expense $6,650
  • Gross Income $29,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,742

Year Built

Built in 1911

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Lot Size: 52 x 132
  • Architectural Style: Bungalow
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One and One Half
  • Building Stories: 2
  • Year Built: 1911
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Appliances: Applies to Some Units, Refrigerator, Stove, Dishwasher, Individual Water Heaters
  • Owner Pays: Gas, Electricity, Water, Applies to All Units
  • Has Basement: Finished
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Interior Amenities: Formal Dining Area, Kitchen/Dining Combo, Private Bath, Storage
  • Living Area: 962

Exterior Features

  • Fencing: Fenced
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Frame, Vinyl Siding
  • Exterior Features: Balcony, Private Outside Entry
  • Patio And Porch Features: Patio
  • Roof: Asphalt, Composition

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Car, Detached
  • Total Parking Spaces: 2

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Washer/Dryer Hook-ups
  • Security: Smoke Detector(s)
  • Cooling: Individual Air Conditioner
  • Cooling Y N: Yes
  • Heating: Individual Heat
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Master Meters
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Schools

  • Elementary School: Jefferson
  • High School: Grand Island Senior High
  • Middle Or Junior School: Walnut

Lot Info

  • Lot Size Sq Ft: 8712
  • Farm Land Area Units: Square Feet

Green Features

Rental Info

  • Tenant Pays: None

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 29000
  • Number Of Units Vacant: 8
  • Annual Operating Expense: 6650
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 3741.58
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2024
Closed on
Nov 20, 2024
Sold by
Benton Ty A and Fajardo Johnson Jade
Bought by
Hernandez Roberto Lopez
Seller's Agent
Casey Williams
Nebraska Realty
Buyer's Agent
Hector Rubio
Rubio Real Estate and Property Management LLC
List Price
$320,000
Sold Price
$279,000
Premium/Discount to List
-$41,000
-12.81%
Views
23
Current Estimated Value
$271,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,886
Avg. Annual Appreciation
-2.12%
Original Mortgage
$251,100
Outstanding Balance
$248,444
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$24,929

Purchase Details

Closed on
Nov 23, 2022
Sold by
Benton Ty A and Fajardo Jade
Bought by
Benton Ty A and Fajardo Benton Jade

Purchase Details

Closed on
Aug 24, 2016
Sold by
Galloway Holdings Llc
Bought by
Benton Ty A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,554
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 18, 2014
Sold by
Hansen John R and Hansen Karen S
Bought by
T & L Galloway Holding Llc
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 Type Sale Price Title Company
Warranty Deed $279,000 Nebraska Title
Quit Claim Deed -- --
Warranty Deed $135,000 Vintage Title And Escrow Com
Warranty Deed $125,000 Advantage Title Service
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $251,100 New Conventional
Previous Owner $132,554 FHA
Closed $0 Unknown
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2024 12/23/24 Sold $279,000 -12.8% $290 / Sq Ft
10/24/2024 10/24/24 Pending -- -- --
09/20/2024 09/20/24 For Sale $320,000 -- $333 / Sq Ft
Source: Grand Island Board of REALTORS®

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 $2,731 $253,518 $13,940 $239,578
2024 $2,731 $190,996 $13,940 $177,056
2023 $3,742 $205,905 $13,940 $191,965
2022 $2,205 $109,742 $6,970 $102,772
2021 $2,120 $103,925 $6,970 $96,955
2020 $2,140 $103,925 $6,970 $96,955
2019 $2,083 $98,793 $6,970 $91,823
2017 $1,802 $90,256 $6,970 $83,286
2016 $1,734 $83,228 $6,970 $76,258
2015 $1,761 $83,228 $6,970 $76,258
2014 $1,747 $79,593 $6,970 $72,623
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Grand Island Board of REALTORS®

MLS Number: 20241861

APN: 400105748