NOT LISTED FOR SALE

Estimated Value: $274,000 - $290,432

3 Beds
4 Baths
2,447 Sq Ft
$117/Sq Ft Est. Value

Last Sold January 05, 2016

Last sale price $190,000 $78 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,838/month

104 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Level Lot
  • Property is near a bus stop

About This Home

As of January 2016

SELLER NOW OFFERING $10,000 IN ESCROW TOWARD REMODELING OF BASEMENT! Great rents, TONS of character, long term tenants and room to increase income! This well maintained 1935 Built-as multifamily property has it all. The big apartment is over 1600 sf., and served as the residence for the dentist and his family who built the place. His office was in the basement (now unused space which needs to be gutted), and there were 4 apartments to support their income. Convert the dentist's office to a nice 2 BR apt, or make it your office! There's a 1 BR, a studio, and 2 efficiency apartments. The studio usually rents for $350 but is currently at $100.

Last Agent to Sell the Property

Kevin Burklund

Woods Bros Realty License #20000394 Listed on: 09/10/2015

Woods Bros Realty

Last Buyer's Agent

Kevin Burklund

Woods Bros Realty License #20000394 Listed on: 09/10/2015

Woods Bros Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,666

Year Built

  • Built in 1935

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 100 x 135
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • 2,447 Sq Ft Home
  • Brick Exterior Construction
  • Slate Roof

Location

  • Property is near a bus stop

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

  • Total Actual Rent $2,380
  • Assessor Parcel Number 1036237021000

Community Details

Overview

  • No Home Owners Association
  • 2,447 Sq Ft Building

Building Details

  • Insurance Expense $708
  • Maintenance Expense $1,739
  • Net Operating Income $15,492

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,666

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Parcel Number: 1036237021000
  • Property Sub Type: Multi Family
  • Year Built: 1935
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3099
  • Lot Size: 100 x 135
  • Directions: One house west of 22nd and South St. Park in driveway or cut-out.
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Basement YN: Yes
  • Fireplace: No
  • Living Area: 2447
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Tile
  • Exterior Features: Bus Service
  • Construction Type: Brick/Other
  • Property Condition: Not New and NOT a Model
  • Roof: Slate

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Total Parking Spaces: 3

Utilities

  • 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, Level
  • Lot Size Sq Ft: 13500
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Insurance Expense: 708
  • Maintenance Expense: 1739
  • Number Of Units Total: 6
  • Property Net Operating Income: 15492
  • Total Actual Rent: 2380

Tax Info

  • Tax Annual Amount: 2666.46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2011
Sold by
Double Patrick B and Double Jessica N
Bought by
Waddell Justin E and Waddell Amber N
Current Estimated Value
$285,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,300
Interest Rate
4.43%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 25, 2001
Sold by
Vanlaningham Roger A
Bought by
Double Patrick B and Double Jessica N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,028
Interest Rate
7.07%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Waddell Justin E $128,000 Nebraska Title Company
Double Patrick B $124,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Waddell Justin E $8,152
Closed Waddell Justin E $2,701
Closed Waddell Justin E $10,683
Closed Waddell Justin E $3,300
Closed Waddell Justin E $124,267
Closed Double Patrick B $123,028
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2016 01/05/16 Sold $190,000 -17.4% $78 / Sq Ft
12/23/2015 12/23/15 Pending -- -- --
09/10/2015 09/10/15 For Sale $230,000 -- $94 / 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 $3,364 $241,000 $40,000 $201,000
2023 $3,826 $228,300 $40,000 $188,300
2022 $3,805 $190,900 $35,000 $155,900
2021 $3,599 $190,900 $35,000 $155,900
2020 $3,359 $175,800 $35,000 $140,800
2019 $3,359 $175,800 $35,000 $140,800
2018 $3,015 $157,100 $35,000 $122,100
2017 $3,043 $157,100 $35,000 $122,100
2016 $2,444 $125,500 $35,000 $90,500
2015 $2,427 $125,500 $35,000 $90,500
2014 $2,441 $125,500 $35,000 $90,500
2013 -- $125,500 $35,000 $90,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Plains Regional MLS

MLS Number: L10124682

Great Plains Regional MLS

APN: 10-33-109-013-000