NOT LISTED FOR SALE

Estimated Value: $732,532

6 Beds
10 Baths
10,800 Sq Ft
$68/Sq Ft Est. Value

Last Sold August 25, 2020

Last sale price $530,000 $49 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,483/month

14 Days on Market

Highlights

  • 63 Acre Lot
  • Brick or Stone Mason
  • Forced Air Heating System
  • No HOA

About This Home

As of August 2020

Fully rented brick 10-plex. $60k/year, $5k/month gross rental income. All units have been updated, except one. Includes a new video surveillance security system monitored by ADT. Rent roll attached.

Last Agent to Sell the Property

Katie Cervantes

Casa Property Management License #20180637 Listed on: 07/02/2020

Last Buyer's Agent

Sink Sinkule

NP Dodge RE Sales Inc Lincoln License #20140183

NP Dodge RE Sales Inc Lincoln

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,139

Year Built

  • Built in 1968

Lot Details

  • 63

Home Design

  • Brick or Stone Mason
  • Composition Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 10 Full Bathrooms

Parking

  • 12 Parking Spaces
  • No Garage

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • 63 Acre Lot
  • Basement

Community Details

  • No Home Owners Association
  • 10 Units
  • Mf Central Lincoln Subdivision

Listing and Financial Details

  • Total Actual Rent $5,050
  • Assessor Parcel Number 1026418013000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,139

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Parcel Number: 1026418013000
  • Property Sub Type: Multi Family
  • Year Built: 1968
  • Prop. Type: Residential Income
  • Lot Size Acres: 63
  • Lot Size: 63 x 40 lot size; .16 acres
  • Ownership: Fee Simple
  • Subdivision Name: MF Central Lincoln
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Remarks22: Text/Call Katie Cervantes at 402-202-7524. Tenants require 24-hour notice before showing. Commission to buying agent is 2%.
  • Special Features: VirtualTour

Interior Features

  • Basement YN: Yes
  • Full Bathrooms: 10
  • Total Bedrooms: 6
  • Fireplace: No
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Fencing: None
  • Construction Type: Brick
  • Property Condition: Not New and NOT a Model
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage
  • Total Parking Spaces: 12

Utilities

  • Heating: Gas, Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Lot Features: Up to 1/4 Acre.
  • Lot Size Sq Ft: 2744280
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 5138.58

Multi Family

  • Number Of Units Total: 10
  • Total Actual Rent: 5050

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2020
Closed on
Aug 25, 2020
Sold by
Jack Lincoln Llc
Bought by
Luxembourg Properties Llc
Seller's Agent
Katie Cervantes
Casa Property Management
Buyer's Agent
Sink Sinkule
NP Dodge RE Sales Inc Lincoln
List Price
$530,000
Sold Price
$530,000
Current Estimated Value
$732,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,532
Avg. Annual Appreciation
6.15%
Original Mortgage
$420,500
Outstanding Balance
$372,318
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$360,215

Purchase Details

Listed on
Jan 1, 1900
Closed on
Dec 4, 2018
Sold by
Poised Properties Llc
Bought by
Jack Lincoln Llc
Seller's Agent
Boomer Peterson
kwELITE Real Estate
Buyer's Agent
John Crumrine
Nebraska Realty
List Price
$465,000
Sold Price
$460,000
Premium/Discount to List
-$5,000
-1.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.64%
Original Mortgage
$73,600,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 6, 2017
Closed on
Sep 26, 2017
Sold by
Nebraska Investment Properties Llc
Bought by
Polsed Properties Llc
Seller's Agent
Luan Pham
1st Choice Realty Team
Buyer's Agent
Boomer Peterson
kwELITE Real Estate
List Price
$385,000
Sold Price
$378,000
Premium/Discount to List
-$7,000
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.78%
Original Mortgage
$302,400
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 24, 2012
Closed on
Apr 18, 2013
Sold by
Chen Kung H and Chen Mei H
Bought by
Nebraska Investment Properties Llc
Seller's Agent
Andy Vu
1st Choice Realty Team
Buyer's Agent
Andy Vu
1st Choice Realty Team
List Price
$260,000
Sold Price
$269,500
Premium/Discount to List
$9,500
3.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.90%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Luxembourg Properties Llc $531,000 Charter T&E Svcs Inc
Jack Lincoln Llc $460,000 Nebraska Land Title & Abstra
Polsed Properties Llc $378,000 Charter Title & Escrow Co Ll
Nebraska Investment Properties Llc $270,000 Investors Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luxembourg Properties Llc $420,500
Previous Owner Jack Lincoln Llc $73,600,000
Previous Owner Polsed Properties Llc $302,400
Closed Nebraska Investment Properties Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/25/2020 08/25/20 Sold $530,000 0.0% $49 / Sq Ft
07/16/2020 07/16/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $530,000 +15.2% $49 / Sq Ft
12/11/2018 12/11/18 Sold $460,000 -1.1% $43 / Sq Ft View Prior Sale
12/11/2018 12/11/18 Pending -- -- --
09/28/2018 09/28/18 For Sale $465,000 +23.0% $43 / Sq Ft
09/29/2017 09/29/17 Sold $378,000 -1.8% $35 / Sq Ft View Prior Sale
06/11/2017 06/11/17 Pending -- -- --
06/04/2017 06/04/17 For Sale $385,000 +42.9% $36 / Sq Ft
04/19/2013 04/19/13 Sold $269,500 +3.7% $25 / Sq Ft View Prior Sale
03/02/2013 03/02/13 Pending -- -- --
10/10/2012 10/10/12 For Sale $260,000 -- $24 / Sq Ft
Source: Great Plains Regional MLS

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 $7,150 $538,300 $31,500 $506,800
2024 $7,150 $512,700 $70,000 $442,700
2023 $8,184 $488,300 $70,000 $418,300
2022 $8,488 $425,900 $70,000 $355,900
2021 $8,036 $426,200 $70,000 $356,200
2020 $6,042 $316,200 $70,000 $246,200
2019 $5,139 $268,900 $70,000 $198,900
2018 $5,161 $268,900 $70,000 $198,900
2017 $5,120 $264,300 $70,000 $194,300
2016 $5,146 $264,300 $70,000 $194,300
2015 $5,111 $264,300 $70,000 $194,300
2014 $4,685 $240,900 $31,500 $209,400
2013 -- $240,900 $31,500 $209,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Plains Regional MLS

MLS Number: 22016243

Great Plains Regional MLS

APN: 10-26-418-013-000