Seller's Agent in 2019
Jon Rademacher
Performance Property Mgmt
(402) 416-8582
2 in this area
36 Total Sales
1616 E St Lincoln, NE 68508
Near South NeighborhoodEstimated Value: $775,767
Studio
--
Bath
8,440
Sq Ft
$92/Sq Ft
Est. Value
Highlights
- No HOA
- Hot Water Heating System
- 2-minute walk to Hazel Abel Park
- Cooling Available
About This Home
As of February 2019Lots of NEW here! 8 of the 11 units in this building were completely remodeled in 2016 - new kitchens, new baths, fixtures, flooring and paint, so they show very well! Updated plumbing and electrical in those units, too. The remaining 3 units are home to long-term tenants. Laundry room with coin-op machines was built and brought online in January 2018. New roof 2016. New boiler 2016. Secured entry. Off-street paved parking. Large walk-in closets in all the apartments.
Last Agent to Sell the Property
Performance Property Mgmt License #20220022 Listed on: 09/26/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,492
Year Built
- Built in 1976
Lot Details
- 7,100 Sq Ft Lot
- Lot Dimensions are 50 x 142
Home Design
- Block Foundation
- Composition Roof
Schools
- Mcphee Elementary School
- Park Middle School
- Lincoln High School
Utilities
- Cooling Available
- Hot Water Heating System
Listing and Financial Details
- Assessor Parcel Number 1025307010000
Community Details
Overview
- No Home Owners Association
- 11 Units
Building Details
- Insurance Expense $1,002
- Maintenance Expense $2,345
- Manager Expense $5,939
- Net Operating Income $40,201
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 1, 2021
Sold by
Jssb Llc
Bought by
Green Terrence M
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
3.14%
Mortgage Type
Seller Take Back
Purchase Details
Listed on
Sep 26, 2018
Closed on
Feb 5, 2019
Sold by
Green Terrence M
Bought by
Jssb Llc
Seller's Agent
Jon Rademacher
Performance Property Mgmt
Buyer's Agent
Kurt Gall
SimpliCity Real Estate
List Price
$619,500
Sold Price
$520,000
Premium/Discount to List
-$99,500
-16.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.87%
Original Mortgage
$427,500
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Apr 8, 2016
Sold by
J & S Building Llc
Bought by
Green Terrence M
Purchase Details
Closed on
Dec 22, 2008
Sold by
Carroll Julie A
Bought by
J & S Building Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Green Terrence M | $650,000 | Stewart Title | |
| Jssb Llc | $520,000 | Stewart Title Co | |
| Green Terrence M | $300,000 | Ne Land Title & Abstract | |
| J & S Building Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Green Terrence M | $550,000 | |
| Previous Owner | Jssb Llc | $427,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/15/2019 02/15/19 | Sold | $520,000 | -16.1% | $62 / Sq Ft |
| 01/07/2019 01/07/19 | Pending | -- | -- | -- |
| 09/26/2018 09/26/18 | For Sale | $619,500 | -- | $73 / 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 | $6,766 | $527,800 | $32,200 | $495,600 |
| 2024 | $6,766 | $502,700 | $71,500 | $431,200 |
| 2023 | $9,573 | $571,200 | $71,500 | $499,700 |
| 2022 | $10,657 | $534,700 | $71,500 | $463,200 |
| 2021 | $9,020 | $478,400 | $71,500 | $406,900 |
| 2020 | $7,393 | $386,900 | $78,000 | $308,900 |
| 2019 | $7,394 | $386,900 | $78,000 | $308,900 |
| 2018 | $5,545 | $288,900 | $78,000 | $210,900 |
| 2017 | $5,492 | $283,500 | $78,000 | $205,500 |
| 2016 | $5,520 | $283,500 | $78,000 | $205,500 |
Source: Public Records
Agents Affiliated with this Home
-
Jon Rademacher
-
Kurt Gall
Buyer's Agent in 2019
Kurt Gall
SimpliCity Real Estate
(402) 413-8119
5 in this area
100 Total Sales
Map
Source: Great Plains Regional MLS
MLS Number: L10150172
APN: 10-25-307-010-000
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