NOT LISTED FOR SALE

1601 SW 40th St Lincoln, NE 68522

High Ridge-Cushman Neighborhood

Estimated Value: $297,000 - $396,000

2 Beds
1 Bath
1,641 Sq Ft
$218/Sq Ft Est. Value

Last Sold July 21, 2023

Last sale price $377,000 $230 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,300/month

47 Days on Market

Highlights

  • 4.87 Acre Lot
  • No HOA
  • Shed
  • Ranch Style House
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of July 2023

Wonderful acreage property just SW of Lincoln. All brick home is ready for your love but there is a full basement & 2 bedrooms! There are also 3 outbuildings, some with concrete floors, others with horse stalls and fenced pasture.

Last Agent to Sell the Property

Brad Hulse

The 1867 Collective Brokerage Phone: 402-570-0128 License #20120246 Listed on: 05/24/2023

Co-Listed By

Noah Oxford

The 1867 Collective Brokerage Phone: 402-570-0128 License #20220027

Last Buyer's Agent

Bill Catlett

Nebraska Realty License #20070687

Nebraska Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,325

Year Built

  • Built in 1961

Lot Details

  • 4.87 Acre Lot
  • Wood Fence
  • Chain Link Fence
  • Aluminum or Metal Fence

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Traditional Architecture
  • Block Foundation

Interior Spaces

  • Partially Finished Basement
  • Basement with some natural light

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Shed
  • Outbuilding

Schools

  • Roper Elementary School
  • Park Middle School
  • Northwest High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Septic Tank

Community Details

  • No Home Owners Association
  • Green Acres/High Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1031202010000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,325

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Parcel Number: 1031202010000
  • Property Sub Type: Single Family Residence
  • Year Built: 1961
  • Prop. Type: Residential
  • Lot Size Acres: 4.87
  • Lot Size: 0 x 0
  • Co List Office Mls Id: 101898
  • Ownership: Fee Simple
  • Subdivision Name: Green Acres/High Ridge
  • Directions: West Van Dorn Street to SW 40th Street, North to Property
  • Above Grade Finished Sq Ft: 891
  • Architectural Style: Ranch, Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: M: 402-570-0128
  • Special Features: None

Interior Features

  • Basement: Full, Partially Finished
  • Basement YN: Yes
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 750
  • Fireplace: No
  • Living Area: 1641
  • Main Level Bathrooms: 1
  • ResoLivingAreaSource: Assessor
  • Master Bedroom Master Bedroom Level: None

Exterior Features

  • Foundation Details: Block
  • Fencing: Chain Link, Wood, Iron
  • Home Warranty: No
  • Other Structures: Outbuilding, Shed(s)
  • Property Condition: Not New and NOT a Model

Garage/Parking

  • Garage Spaces: 2
  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Parking Features: Attached
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Forced Air
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Rural Water

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • High School: Northwest
  • Elementary School: Roper
  • Junior High Dist: Lincoln Public Schools
  • Middle Or Junior School: Park

Lot Info

  • Property Attached Yn: No
  • Lot Features: Over 1 up to 5 Acres
  • Lot Size Sq Ft: 212208
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4325.08

Multi Family

  • Above Grade Finished Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2023
Closed on
Jul 21, 2023
Sold by
Oltman Cathleen A
Bought by
Alarab Atef
Seller's Agent
Brad Hulse
The 1867 Collective
Buyer's Agent
Bill Catlett
Nebraska Realty
List Price
$350,000
Sold Price
$377,000
Premium/Discount to List
$27,000
7.71%
Total Days on Market
47
Views
19
Current Estimated Value
$357,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,190
Avg. Annual Appreciation
-2.77%

Purchase Details

Closed on
Nov 19, 1999
Sold by
Oltman Gene R
Bought by
Lancaster County
Source: Public Records

Range of Values:

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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
Alarab Atef $377,000 402 Title Services
Lancaster County -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2023 07/21/23 Sold $377,000 +7.7% $230 / Sq Ft
07/11/2023 07/11/23 Pending -- -- --
05/24/2023 05/24/23 For Sale $350,000 -- $213 / 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 $3,560 $322,300 $133,200 $189,100
2023 $4,394 $312,900 $133,200 $179,700
2022 $4,636 $270,400 $80,000 $190,400
2021 $4,346 $270,400 $80,000 $190,400
2020 $3,422 $208,300 $72,000 $136,300
2019 $3,445 $208,300 $72,000 $136,300
2018 $2,993 $179,800 $64,000 $115,800
2017 $3,021 $179,800 $64,000 $115,800
2016 $3,041 $181,300 $48,000 $133,300
2015 $3,047 $181,300 $48,000 $133,300
2014 $2,793 $164,100 $44,000 $120,100
2013 -- $164,100 $44,000 $120,100
Source: Public Records

Agents Affiliated with this Home

  • Brad Hulse

    Seller's Agent in 2023

    Brad Hulse

    The 1867 Collective

    (402) 570-0128

    1 in this area

    38 Total Sales

    Brad Hulse
    Section Image
  • Noah Oxford

    Seller Co-Listing Agent in 2023

    Noah Oxford

    The 1867 Collective

    (402) 610-1777

    Section Image
  • Bill Catlett

    Buyer's Agent in 2023

    Bill Catlett

    Nebraska Realty

    (402) 770-6682

    1 in this area

    116 Total Sales

    Bill Catlett
    Section Image
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Map

Source: Great Plains Regional MLS

MLS Number: 22311013

Great Plains Regional MLS

APN: 10-31-202-010-000

Nebraska Lancaster County Lincoln 68522 High Ridge-Cushman

1601 SW 40th St, Lincoln, NE

This home is located at 1601 SW 40th St, Lincoln, NE 68522 since 24 May 2023 and is currently estimated at $357,810, approximately $218 per square foot. This property was built in 1961. 1601 SW 40th St is a home located in Lancaster County with nearby schools including Roper Elementary School, Park Middle School, and Lincoln High School.

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