NOT LISTED FOR SALE

Estimated Value: $1,041,386

Studio
-- Bath
-- Sq Ft
7,100 Sq Ft Lot Lot

Sale Details

Date Sold: March 31, 2022

Last sale price $930,000

Est. 12% increase in value since last sale

Current estimated payment $6,479 / mo

10 Days on Market

Highlights

  • No HOA
  • Brick or Stone Mason
  • Forced Air Heating and Cooling System

About This Home

As of March 2022

18 unit apartment building, professionally managed. Easy to lease units with a lot of charm! Onsite laundry, near downtown Lincoln. 10 One Bedrooms & 8 Studios, New Roof 2021, units are electric, owner pays gas (water heater)

Last Agent to Sell the Property

Jason Opp

Century Sales & Management LLC License #20050458 Listed on: 01/24/2022

Last Buyer's Agent

Jason Opp

Century Sales & Management LLC License #20050458 Listed on: 01/24/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,066

Year Built

  • Built in 1929

Lot Details

  • 7,100 Sq Ft Lot
  • Lot Dimensions are 50 x 142

Parking

  • No Garage

Home Design

  • Flat Roof Shape
  • Brick or Stone Mason
  • Block Foundation

Interior Spaces

  • 2-Story Property
  • Oven
  • Basement

Laundry

  • Dryer
  • Washer

Schools

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

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 1025311007000

Community Details

Overview

  • No Home Owners Association
  • 18 Units
  • Lincoln Original Subdivision

Building Details

  • Insurance Expense $8,149
  • Other Expense $8,066
  • Net Operating Income $85,014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,066

Year Built

Built in 1929

Lot Details

7,100 Sq Ft Lot

Listing Details

  • Parcel Number: 1025311007000
  • Property Sub Type: Multi Family
  • Other Expense: 8066
  • Year Built: 1929
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.163
  • Lot Size: 50 x 142
  • Ownership: Fee Simple
  • Subdivision Name: Lincoln Original
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Remarks22: Laundry Income 2021 $841.60
  • Special Features: None

Interior Features

  • Appliances: Oven - No Cooktop, Refrigerator, Washer, Dryer
  • Basement YN: Yes
  • Fireplace: No
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Block
  • Fencing: None
  • Construction Type: Brick
  • Property Condition: Not New and NOT a Model
  • Roof: Flat

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air
  • Heating Yn: Yes
  • 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: 7100
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Insurance Expense: 8149
  • Number Of Units Total: 18
  • Property Net Operating Income: 85014

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8066

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2022
Closed on
Mar 31, 2022
Sold by
Ramble Investments
Bought by
L & J Rental Properties Llc
Seller's Agent
Jason Opp
Century Sales & Management LLC
Buyer's Agent
Jason Opp
Century Sales & Management LLC
List Price
$1,050,000
Sold Price
$930,000
Premium/Discount to List
-$120,000
-11.43%
Current Estimated Value
$1,041,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,386
Avg. Annual Appreciation
2.82%
Original Mortgage
$744,000
Outstanding Balance
$700,752
Interest Rate
4.67%
Mortgage Type
Credit Line Revolving
Estimated Equity
$340,635
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
L & J Rental Properties Llc $930,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open L & J Rental Properties Llc $744,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2022 03/31/22 Sold $930,000 -11.4% --
02/03/2022 02/03/22 Pending -- -- --
01/24/2022 01/24/22 For Sale $1,050,000 -- --
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 $11,499 $865,700 $105,300 $760,400
2024 $11,499 $824,500 $117,000 $707,500
2023 $13,160 $785,200 $117,000 $668,200
2022 $11,560 $580,000 $117,000 $463,000
2021 $8,066 $427,800 $117,000 $310,800
2020 $6,271 $328,200 $117,000 $211,200
2019 $6,272 $328,200 $117,000 $211,200
2018 $6,300 $328,200 $117,000 $211,200
2017 $5,523 $285,100 $117,000 $168,100
2016 $5,551 $285,100 $117,000 $168,100
2015 $5,513 $285,100 $117,000 $168,100
2014 $5,389 $277,100 $105,300 $171,800
2013 -- $277,100 $105,300 $171,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Plains Regional MLS

MLS Number: 22201362

Great Plains Regional MLS

APN: 10-25-311-007-000

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