NOT LISTED FOR SALE

1950 Sumner St Lincoln, NE 68502

Near South Neighborhood

Estimated Value: $306,000 - $354,517

6 Beds
10 Baths
3,844 Sq Ft
$85/Sq Ft Est. Value

Sale Details

Date Sold: July 28, 2023

Last sale price $280,000 $73 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,130 / mo

78 Days on Market

Highlights

  • 0.44 Acre Lot
  • 2 Car Detached Garage
  • Forced Air Heating System
  • No HOA
  • Brick or Stone Mason

About This Home

As of July 2023

Charming, fully rented, duplex nestled in Lincoln's historic Near South Neighborhood, 1950 & 1952 Sumner is ideally situated for any renter. The property is a quick bus ride, drive, or bike from historic and active downtown Lincoln. Within a short commute, you will find attractions such as the beautiful Sunken Gardens, Lincoln Children’s Zoo, Ager Indoor Play Center, and several parks. You can easily access the rest of Lincoln with main routes just blocks away. Property is professionally managed.

Last Agent to Sell the Property

Jason Opp

Century Sales & Management LLC License #20050458 Listed on: 03/15/2023

Last Buyer's Agent

Krista Zobel

Nest Real Estate, LLC License #20050501

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,627

Year Built

  • Built in 1920

Lot Details

  • 19,040 Sq Ft Lot
  • Lot Dimensions are 136 x 140

Parking

  • 2 Car Detached Garage

Home Design

  • Flat Roof Shape
  • Brick or Stone Mason
  • Block Foundation

Kitchen

  • Oven

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 1036138010000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Rathbones Prescott Subdivision

Building Details

  • Insurance Expense $1,130
  • Net Operating Income $18,493

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,627

Year Built

Built in 1920

Lot Details

0.44 Acres

Parking

2

Listing Details

  • Parcel Number: 1036138010000
  • Property Sub Type: Multi Family
  • Year Built: 1920
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.4371
  • Lot Size: 136 x 140
  • Ownership: Fee Simple
  • Subdivision Name: Rathbones Prescott
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Remarks22: Call or text for showing. Property is tenant occupied, 24-48 hour notice required. County Assessor shows conversion, but appears to be built as duplex. Lot is irregular and full lot dimensions can be viewed on GIS map. 1950 Rents at $1,029/month; 1952 Rents at $1,299/month; In addition both units pay $35/month/pet for pet rent and $25/month for garbage reimbursement
  • Special Features: None

Interior Features

  • Appliances: Oven - No Cooktop, Refrigerator
  • Basement YN: Yes
  • Fireplace: No
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Block
  • Fencing: None
  • Construction Type: Brick
  • Property Condition: Not New and NOT a Model
  • Roof: Flat

Garage/Parking

  • Garage Spaces: 2
  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Parking Features: Detached
  • Total Parking Spaces: 2

Utilities

  • Heating: Gas, Forced Air
  • Heating Yn: Yes
  • Water Source: Public

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: 19040
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Insurance Expense: 1130
  • Number Of Units Total: 2
  • Property Net Operating Income: 18493

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3627

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2023
Closed on
Jul 21, 2023
Sold by
Bought by
Seller's Agent
Jason Opp
Century Sales & Management LLC
Buyer's Agent
Krista Zobel
Nest Real Estate, LLC
List Price
$289,900
Sold Price
$280,000
Premium/Discount to List
-$9,900
-3.41%
Views
154
Current Estimated Value
$325,879

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,879
Avg. Annual Appreciation
5.35%
Original Mortgage
$150,000
Outstanding Balance
$146,355
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$179,524
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$280,000 402 Title Services
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/28/2023 07/28/23 Sold $280,000 -3.4% $73 / Sq Ft
06/02/2023 06/02/23 Pending -- -- --
05/30/2023 05/30/23 For Sale $289,900 0.0% $75 / Sq Ft
04/18/2023 04/18/23 Pending -- -- --
04/11/2023 04/11/23 Price Changed $289,900 -1.7% $75 / Sq Ft
03/15/2023 03/15/23 For Sale $295,000 -- $77 / Sq Ft
Source: Great Plains Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,472 $309,800 $58,500 $251,300
2024 $4,472 $319,800 $58,500 $261,300
2023 $5,031 $300,200 $58,500 $241,700
2022 $3,627 $192,700 $32,500 $160,200
2021 $3,633 $192,700 $32,500 $160,200
2020 $2,805 $146,800 $32,500 $114,300
2019 $2,255 $118,000 $32,500 $85,500
2018 $2,265 $118,000 $32,500 $85,500
2017 $2,470 $127,500 $32,500 $95,000
2016 $2,483 $127,500 $32,500 $95,000
2015 $2,466 $127,500 $32,500 $95,000
2014 $3,022 $155,400 $32,500 $122,900
2013 -- $155,400 $32,500 $122,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jason Opp

    Century Sales & Management LLC

    (402) 304-1896

    9 in this area

    52 Total Sales

    Jason Opp
    Section Image

  • K

    Buyer's Agent in 2023

    Krista Zobel

    Nest Real Estate, LLC

    (402) 440-5587

    3 in this area

    148 Total Sales

    Krista Zobel
    Section Image
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Map

Source: Great Plains Regional MLS

MLS Number: 22304987

Great Plains Regional MLS

APN: 10-36-138-010-000

Nebraska Lancaster County Lincoln 68502 Near South

1950 Sumner St, 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.
Information is deemed reliable but not guaranteed.
Copyright 2026, Great Plains Regional MLS LLC

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