NOT LISTED FOR SALE

1611 Deweese Dr Lincoln, NE 68504

University Place Neighborhood

Estimated Value: $1,205,000 - $1,206,097

18 Beds
6 Baths
-- Sq Ft
15,368 Sq Ft Lot

Sale Details

Date Sold: May 29, 2019

Last sale price $730,000

Est. 65% increase in value since last sale

Current estimated payment $6,898 / mo

8 Days on Market

Highlights

  • 0.35 Acre Lot
  • Forced Air Heating and Cooling System
  • Partially Fenced Property
  • No HOA

About This Home

As of May 2019

Excellent Investment Opportunity

Last Agent to Sell the Property

William Jeffery

Cornhusker Property License #20080015 Listed on: 04/04/2019

Last Buyer's Agent

Matt Kirkland

Giving Realty License #20040143

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,787

Year Built

  • Built in 1972

Lot Details

  • 15,370 Sq Ft Lot
  • Partially Fenced Property
  • Chain Link Fence

Home Design

  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 6 Full Bathrooms

Parking

  • 15 Parking Spaces
  • No Garage

Schools

  • Riley Elementary School
  • Mickle Middle School
  • Lincoln Northeast High School

Additional Features

  • Oven
  • Forced Air Heating and Cooling System
  • Basement

Listing and Financial Details

  • Total Actual Rent $4,815
  • Assessor Parcel Number 1717432022000 and 1717432019000
  • Tax Block 3

Community Details

Overview

  • No Home Owners Association
  • 10 Units
  • Elizabeth Plaza Subdivision

Building Details

  • Insurance Expense $4,500
  • Maintenance Expense $7,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,787

Year Built

Built in 1972

Lot Details

0.35 Acres

Listing Details

  • Parcel Number: 1717432022000 and 1717432019000
  • Property Sub Type: Multi Family
  • Year Built: 1972
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3528
  • Lot Size: 15370 and 25196 sq ft, respectively
  • Ownership: Fee Simple
  • Subdivision Name: ELIZABETH PLAZA
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • ResoBuildingAreaSource: Other
  • Remarks22: Agent is Managing Member for 1st Street Properties, LLC and has equity position.
  • Special Features: None

Interior Features

  • Appliances: Oven - No Cooktop, Refrigerator
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Total Bedrooms: 18
  • Fireplace: No
  • ResoLivingAreaSource: Other

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Fencing: Chain Link, Partial
  • Property Condition: Not New and NOT a Model

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage
  • Total Parking Spaces: 15

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Lincoln Northeast
  • Elementary School: Riley
  • Junior High Dist: Lincoln
  • Middle Or Junior School: Mickle

Lot Info

  • Lot Features: Over 1/2 up to 1 Acre
  • Lot Size Sq Ft: 15370
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Insurance Expense: 4500
  • Maintenance Expense: 7500
  • Number Of Units Total: 10
  • Total Actual Rent: 4815

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 10787.24
  • Tax Block: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2019
Closed on
May 29, 2019
Sold by
1St Street Properties Llc
Bought by
Lipson Family Investments Llc
Seller's Agent
William Jeffery
Cornhusker Property
Buyer's Agent
Matt Kirkland
Giving Realty
List Price
$750,000
Sold Price
$730,000
Premium/Discount to List
-$20,000
-2.67%
Current Estimated Value
$1,205,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$475,549
Avg. Annual Appreciation
7.55%
Original Mortgage
$223,845
Outstanding Balance
$196,405
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
$1,009,144

Purchase Details

Closed on
Dec 15, 2004
Sold by
Ward E Leigh
Bought by
1St Street Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$426,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage
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
Lipson Family Investments Llc $730,000 Dc Title
1St Street Properties Llc $526,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lipson Family Investments Llc $223,845
Previous Owner 1St Street Properties Llc $426,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2019 05/29/19 Sold $730,000 -2.7% --
04/11/2019 04/11/19 Pending -- -- --
04/03/2019 04/03/19 For Sale $750,000 -- --
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 $5,548 $417,700 $32,000 $385,700
2024 $5,548 $397,800 $32,000 $365,800
2023 $6,349 $378,800 $32,000 $346,800
2022 $7,079 $355,200 $32,000 $323,200
2021 $5,639 $299,100 $32,000 $267,100
2020 $4,295 $224,800 $32,000 $192,800
2019 $4,296 $224,800 $32,000 $192,800
2018 $4,315 $224,800 $32,000 $192,800
2017 $3,634 $187,600 $32,000 $155,600
2016 $3,653 $187,600 $32,000 $155,600
2015 $3,628 $187,600 $32,000 $155,600
2014 $3,793 $195,000 $32,000 $163,000
2013 -- $195,000 $32,000 $163,000
Source: Public Records

Agents Affiliated with this Home

  • William Jeffery

    Seller's Agent in 2019

    William Jeffery

    Cornhusker Property

    (402) 540-6047

    25 Total Sales

    William Jeffery
    Section Image
  • Matt Kirkland

    Buyer's Agent in 2019

    Matt Kirkland

    Giving Realty

    (402) 802-7018

    10 in this area

    277 Total Sales

    Matt Kirkland
    Section Image
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Map

Source: Great Plains Regional MLS

MLS Number: 21905167

Great Plains Regional MLS

APN: 17-17-432-022-000

Nebraska Lancaster County Lincoln 68504 University Place

1611 Deweese Dr, Lincoln, NE

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.

Great Plains Regional MLS 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.
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