NOT LISTED FOR SALE

1840 S 17th St Lincoln, NE 68502

Near South Neighborhood

Estimated Value: $198,000 - $266,880

5 Beds
10 Baths
3,574 Sq Ft
$61/Sq Ft Est. Value

Last Sold March 29, 2017

Last sale price $114,000 $32 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $1,383/month

127 Days on Market

Highlights

  • 0.31 Acre Lot
  • Window Unit Cooling System
  • Forced Air Heating System
  • No HOA

About This Home

As of March 2017

Investors take a look! This stately 4-plex conversion offers a great neighborhood, off-street parking, split utilities and more! Solid, historic home with great wrap around porch and could be a beautiful de-converted single family home. Easy to rentstraight shot to downtown and campus with shops, restaurants and bike trails along the way! This property could provide serious cash flow! New roof in 2015, sits on a double lot and has a big garage for storage, or rent it out for additional income. Some rents and expenses have been estimated but are based on the latest available numbers. Be sure to check out this great opportunity!

Last Agent to Sell the Property

Greg Mccown

HOME Real Estate License #980598 Listed on: 11/14/2016

HOME Real Estate

Last Buyer's Agent

Michael Olderbak

Bell Rae Realty License #20170171

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,584

Year Built

  • Built in 1900

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 106 x 127

Parking

  • 2 Car Garage

Home Design

  • Block Foundation
  • Frame Construction

Schools

  • Prescott Elementary School
  • Irving Middle School
  • Lincoln High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Basement

Listing and Financial Details

  • Total Actual Rent $2,100
  • Assessor Parcel Number 1036121011000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Insurance Expense $1,000
  • Maintenance Expense $1,500
  • Net Operating Income $19,568

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,584

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Parcel Number: 1036121011000
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.309
  • Lot Size: 106 x 127
  • Directions: Euclid
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Basement YN: Yes
  • Fireplace: No
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Block
  • Construction Type: Frame
  • Property Condition: Not New and NOT a Model

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Total Parking Spaces: 5

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas, Forced Air
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Lincoln High
  • Elementary School: Prescott
  • Junior High Dist: Lincoln
  • Middle Or Junior School: Irving

Lot Info

  • Lot Features: Over 1/4 up to 1/2 Acre
  • Lot Size Sq Ft: 13462
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Insurance Expense: 1000
  • Maintenance Expense: 1500
  • Number Of Units Total: 4
  • Property Net Operating Income: 19568
  • Total Actual Rent: 2100

Tax Info

  • Tax Annual Amount: 1584

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2016
Closed on
Mar 24, 2017
Sold by
Smith G Mark and Smith Victoria L
Bought by
Olderbak Enterprises North Llc
Seller's Agent
Greg Mccown
HOME Real Estate
Buyer's Agent
Michael Olderbak
Bell Rae Realty
List Price
$139,900
Sold Price
$114,000
Premium/Discount to List
-$25,900
-18.51%
Current Estimated Value
$219,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,220
Avg. Annual Appreciation
8.34%

Purchase Details

Listed on
Apr 16, 2012
Closed on
Dec 13, 2012
Sold by
Rskb Co
Bought by
Smith G Mark and Smith Victoria L
Seller's Agent
Pete Beau
HOME Real Estate
Buyer's Agent
Greg Mccown
HOME Real Estate
List Price
$100,000
Sold Price
$67,500
Premium/Discount to List
-$32,500
-32.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.99%
Original Mortgage
$55,000
Interest Rate
3.42%
Mortgage Type
Unknown
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
Olderbak Enterprises North Llc $114,000 Union Title Co Llc
Smith G Mark -- Nebraska Land Title & Abstra
Rskb Company $68,000 Nebraska Land Title & Abstra
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith G Mark $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2017 03/29/17 Sold $114,000 -18.5% $32 / Sq Ft
03/17/2017 03/17/17 Pending -- -- --
11/10/2016 11/10/16 For Sale $139,900 +107.3% $39 / Sq Ft
12/14/2012 12/14/12 Sold $67,500 -32.5% $19 / Sq Ft
11/26/2012 11/26/12 Pending -- -- --
04/16/2012 04/16/12 For Sale $100,000 -- $28 / 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 $2,259 $165,300 $36,000 $129,300
2023 $2,931 $174,900 $36,000 $138,900
2022 $2,615 $131,200 $20,000 $111,200
2021 $2,474 $131,200 $20,000 $111,200
2020 $2,178 $114,000 $20,000 $94,000
2019 $2,098 $109,800 $20,000 $89,800
2018 $2,108 $109,800 $20,000 $89,800
2017 $1,501 $77,500 $20,000 $57,500
2016 $1,509 $77,500 $20,000 $57,500
2015 $1,499 $77,500 $20,000 $57,500
2014 $1,855 $95,400 $20,000 $75,400
2013 -- $95,400 $20,000 $75,400
Source: Public Records

Agents Affiliated with this Home

  • Greg Mccown

    Seller's Agent in 2017

    Greg Mccown

    HOME Real Estate

    (402) 540-4301

    22 in this area

    116 Total Sales

    Greg Mccown
    Section Image
  • Michael Olderbak

    Buyer's Agent in 2017

    Michael Olderbak

    Bell Rae Realty

    (402) 430-7686

    46 Total Sales

    Michael Olderbak
    Section Image

  • P

    Seller's Agent in 2012

    Pete Beau

    HOME Real Estate

See All Agents

Map

Source: Great Plains Regional MLS

MLS Number: L10133937

Great Plains Regional MLS

APN: 10-36-121-011-000

Nebraska Lancaster County Lincoln 68502 Near South

1840 S 17th St, Lincoln, NE

This home is located at 1840 S 17th St, Lincoln, NE 68502 since 14 November 2016 and is currently estimated at $219,220, approximately $61 per square foot. This property was built in 1900. 1840 S 17th St is a home located in Lancaster County with nearby schools including Prescott Elementary School, Irving Middle School, and Lincoln High School.

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