NOT LISTED FOR SALE

1601 W Norfolk Ave Norfolk, NE 68701

Estimated Value: $199,000 - $295,000

7 Beds
3 Baths
1,910 Sq Ft
$122/Sq Ft Est. Value

Last Sold September 06, 2022

Last sale price $155,000 $81 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,372/month

30 Days on Market

About This Home

As of September 2022

Excellent Cash Flow from this 3 unit building. Exterior has just been painted and has fresh landscaping. Great location across from Skyview Medical building and within walking distance of downtown or public transit. Basement unit has window air and the upper units have central air. Individual water heaters, common laundry, updated electrical panels, new exterior paint and more. Must have at least 24 hrs notice for all showings.

Last Agent to Sell the Property

Michael Proffitt

Great Places Realty License #20090017 Listed on: 07/13/2022

Last Buyer's Agent

CLYDE MEANS

RE/MAX ASSOCIATES License #780314

RE/MAX ASSOCIATES

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,988

Year Built

  • Built in 1910

Lot Details

  • 8,276

Home Design

  • Frame Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 7 Bedrooms

Listing and Financial Details

  • Tenant pays for gas, electricity, cable
  • The owner pays for water, garbage
  • Assessor Parcel Number 590060783

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,988

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Style: 1 1/2
  • Property Conditions: average
  • Miscellaneous: Separate Meters, Indiv Watr Heat, Individual Heat, Individual Air, Security Depost
  • Safety Features: Smoke Detector
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Stove
  • Bedrooms: 7
  • Bathrooms: 3
  • Has Basement: Yes
  • Stories: Two
  • Sq Ft Assessment from County: YES
  • Unit Features: Comn Util Room

Exterior Features

  • Construction: Frame
  • Roof: Asphalt

Garage/Parking

  • Garage Type: None
  • Utilities Paid By Owner: Water, Garbage
  • Utilities Paid By Renter: Gas, Electricity, Cable
  • Water And Sewer: City Water, City Sewer

Utilities

  • Utilities: Separate

Lot Info

  • Lot Size: 8284
  • Parcel #: 590060783

Building Info

  • Year Built: 1910

Rental Info

  • Leases: yes
  • Security Deposit: yes

Tax Info

  • Year: 2021
  • Taxes: 1988.50

Multi Family

  • Income Rent: 1750

MLS Schools

  • School District: Norfolk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2017
Closed on
Apr 6, 2017
Sold by
Tuttle Rollin L and Tuttle Phyllis R
Bought by
Lander Enterprise Llc
Seller's Agent
THOMAS HAIAR
Real Estate Professional Group
Buyer's Agent
Michael Proffitt
Great Places Realty
List Price
$99,950
Sold Price
$80,000
Premium/Discount to List
-$19,950
-19.96%
Current Estimated Value
$232,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,255
Avg. Annual Appreciation
13.24%
Original Mortgage
$104,000
Outstanding Balance
$19,475
Interest Rate
4.16%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$212,780

Purchase Details

Closed on
Feb 8, 2011
Sold by
Kramer Stephen P
Bought by
Tuttle Rollin L and Tuttle Phyllis R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
4.86%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 1, 2003
Sold by
Fagan Keith P and Fagan Kathleen A
Bought by
Johnson Randy L

Purchase Details

Closed on
Mar 29, 2001
Sold by
Tech Kenneth J
Bought by
Fagan Keith P and Fagan Kathleen A

Purchase Details

Closed on
May 22, 2000
Sold by
Hofmann Darrin J
Bought by
Tech Kenneth J
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Lander Enterprise Llc $130,000 None Available
Tuttle Rollin L $63,000 Ne Nebr Title
Johnson Randy L $78,000 --
Fagan Keith P $25,000 --
Tech Kenneth J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lander Enterprise Llc $104,000
Previous Owner Tuttle Rollin L $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/06/2022 09/06/22 Sold $155,000 -8.8% $81 / Sq Ft
08/12/2022 08/12/22 Pending -- -- --
07/13/2022 07/13/22 For Sale $169,900 +112.4% $89 / Sq Ft
04/07/2017 04/07/17 Sold $80,000 -20.0% $42 / Sq Ft View Prior Sale
03/04/2017 03/04/17 Pending -- -- --
02/11/2017 02/11/17 For Sale $99,950 -- $52 / Sq Ft
Source: Norfolk 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
2024 $1,810 $145,134 $14,497 $130,637
2023 $2,424 $131,137 $14,497 $116,640
2022 $2,199 $118,640 $14,497 $104,143
2021 $1,989 $107,482 $14,497 $92,985
2020 $1,799 $97,519 $14,497 $83,022
2019 $1,693 $88,624 $14,497 $74,127
2018 $1,699 $90,444 $19,882 $70,562
2017 $1,607 $85,454 $19,882 $65,572
2016 $1,385 $73,515 $6,032 $67,483
2015 $1,386 $73,515 $6,032 $67,483
2014 $1,427 $73,515 $6,032 $67,483
2013 $1,473 $73,515 $6,032 $67,483
Source: Public Records

Agents Affiliated with this Home

  • Michael Proffitt

    Seller's Agent in 2022

    Michael Proffitt

    Great Places Realty

    (402) 750-2438

    74 in this area

    112 Total Sales

    Michael Proffitt
    Section Image

  • C

    Buyer's Agent in 2022

    CLYDE MEANS

    RE/MAX ASSOCIATES

    Section Image

  • T

    Seller's Agent in 2017

    THOMAS HAIAR

    Real Estate Professional Group

See All Agents

Map

Source: Norfolk Board of REALTORS®

MLS Number: 220470

Norfolk Board of REALTORS®

APN: 590060783

Nebraska Madison County Norfolk 68701

1601 W Norfolk Ave, Norfolk, NE

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