Seller's Agent in 2025
Lisa Pringle
Better Homes and Gardens R.E.
(402) 660-9078
6 in this area
164 Total Sales
1320 N 40th St Omaha, NE 68131
Midtown Omaha Neighborhood
5
Beds
2
Baths
1,869
Sq Ft
5,760
Sq Ft Lot
Highlights
- Cathedral Ceiling
- No HOA
- Luxury Vinyl Plank Tile Flooring
- Main Floor Bedroom
- Porch
- Forced Air Heating and Cooling System
About This Home
As of October 2025Unique Live-Work or Investment Opportunity in Growing Walnut Hill Don’t miss this rare chance to own a versatile, mixed-use property in the heart of Walnut Hill. This unique 5-bedroom, 2-bath, 1.5-story home has 1869 SF and attached commercial storefront 1097 SF zoned General Commercial, offering a wide range of possibilities for both owner-occupiers and investors. The property is ideally suited for a live/work setup, small business owner, or creative professional seeking a flexible space. 4 off-street parking spaces on the west side of the house a functional layout high-visibility location with growing foot traffic and community investment.*General Commercial Zoning- Cash or commercial financing only"
Last Agent to Sell the Property
Better Homes and Gardens R.E. License #20150747 Listed on: 05/21/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,245
Year Built
- Built in 1890
Lot Details
- 5,760 Sq Ft Lot
- Lot Dimensions are 48 x 120
- Property is Fully Fenced
- Wood Fence
Home Design
- Brick Foundation
- Block Foundation
- Composition Roof
Interior Spaces
- 1,869 Sq Ft Home
- 1.5-Story Property
- Cathedral Ceiling
- Window Treatments
- Partially Finished Basement
Flooring
- Wall to Wall Carpet
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Main Floor Bedroom
- 2 Full Bathrooms
Parking
- No Garage
- Parking Pad
- Open Parking
Schools
- Walnut Hill Elementary School
- Lewis And Clark Middle School
- Benson High School
Additional Features
- Porch
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Shaws Subdivision
Listing and Financial Details
- Assessor Parcel Number 2203350000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 21, 2025
Closed on
Oct 2, 2025
Sold by
Leonidas Holdings Llc
Bought by
Shields Property Services Llc
Seller's Agent
Lisa Pringle
Better Homes and Gardens R.E.
Buyer's Agent
Chelsea Karlgaard
BHHS Ambassador Real Estate
List Price
$250,000
Sold Price
$197,500
Premium/Discount to List
-$52,500
-21%
Views
36764
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1643.18%
Original Mortgage
$167,875
Outstanding Balance
$167,875
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$53,547
Purchase Details
Closed on
Apr 1, 2025
Sold by
New Key Llc
Bought by
Leonidas Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.63%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 2, 2006
Sold by
Dewey E Houghton
Bought by
Cso Investments
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $198,000 | Rts Title | |
| Warranty Deed | $162,000 | Platinum Title | |
| Warranty Deed | $499,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $167,875 | New Conventional | |
| Previous Owner | $170,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/03/2025 10/03/25 | Sold | $197,500 | -12.2% | $106 / Sq Ft |
| 09/10/2025 09/10/25 | Pending | -- | -- | -- |
| 07/07/2025 07/07/25 | Price Changed | $225,000 | -10.0% | $120 / Sq Ft |
| 05/21/2025 05/21/25 | For Sale | $250,000 | 0.0% | $134 / Sq Ft |
| 05/27/2022 05/27/22 | Rented | $1,400 | 0.0% | -- |
| 05/17/2022 05/17/22 | Price Changed | $1,400 | +12.0% | $1 / Sq Ft |
| 03/01/2022 03/01/22 | Price Changed | $1,250 | +13.6% | $1 / Sq Ft |
| 02/28/2022 02/28/22 | For Rent | $1,100 | -- | -- |
Source: Great Plains Regional MLS
Tax History Compared to Growth
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 | $1,245 | $78,600 | $12,500 | $66,100 |
| 2024 | $1,846 | $78,600 | $12,500 | $66,100 |
| 2023 | $1,846 | $87,500 | $12,500 | $75,000 |
| 2022 | $1,868 | $87,500 | $12,500 | $75,000 |
| 2021 | $1,852 | $87,500 | $12,500 | $75,000 |
| 2020 | $1,950 | $91,100 | $12,500 | $78,600 |
| 2019 | $1,956 | $91,100 | $12,500 | $78,600 |
| 2018 | $1,959 | $91,100 | $12,500 | $78,600 |
| 2017 | $1,485 | $69,200 | $2,500 | $66,700 |
| 2016 | $1,485 | $69,200 | $2,500 | $66,700 |
| 2015 | $1,465 | $69,200 | $2,500 | $66,700 |
| 2014 | $1,465 | $69,200 | $2,500 | $66,700 |
Source: Public Records
Agents Affiliated with this Home
-
Lisa Pringle
-
Chelsea Karlgaard
Buyer's Agent in 2025
Chelsea Karlgaard
BHHS Ambassador Real Estate
(701) 200-2199
1 in this area
16 Total Sales
-
Rita Rieckman
Seller's Agent in 2022
Rita Rieckman
NP Dodge Real Estate Sales, Inc.
(402) 731-5008
2 in this area
65 Total Sales
-
Ralonda Jackson
R
Seller Co-Listing Agent in 2022
Ralonda Jackson
NP Dodge Real Estate Sales, Inc.
(402) 301-2816
1 in this area
29 Total Sales
Map
Source: Great Plains Regional MLS
MLS Number: 22513853
APN: 2203-3500-00
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.
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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