NOT LISTED FOR SALE

2509 SW 16th St Lincoln, NE 68522

West A Neighborhood

Estimated Value: $335,847 - $544,000

4 Beds
4 Baths
1,792 Sq Ft
$243/Sq Ft Est. Value

Last Sold November 19, 2018

Last sale price $288,500 $161 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,748/month

Highlights

  • Central Air
  • Level Lot
  • Heat Pump System

About This Home

As of November 2018

All electric. Well maintained. Schwinn built duplex available now. Each unit has 4 bedrooms, 2 baths, with decks off the living room, large recreation room in basement, all appliances including washer/dryer. All bedrooms have ceiling fans. Each bathroom has linen closet. Underground sprinklers. 2 stall attached garage with openers, remotes and touchpads. One side is tenant occupied.

Last Agent to Sell the Property

Lenette Schwinn

HOME Real Estate License #20050694 Listed on: 01/01/1900

Last Buyer's Agent

Erika Bartels

HOME Real Estate License #20160762

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,257

Year Built

  • Built in 2003

Lot Details

  • Lot Dimensions are 110 x 100 x 85 x 109
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • 1,792 Sq Ft Home
  • Composition Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 4 Full Bathrooms

Schools

  • Roper Elementary School
  • Park Middle School
  • Lincoln High School

Utilities

  • Central Air
  • Heat Pump System

Additional Features

  • Basement

Listing and Financial Details

  • Total Actual Rent $1,300
  • Assessor Parcel Number 1033453003000

Community Details

Overview

  • Property has a Home Owners Association
  • 1,792 Sq Ft Building

Building Details

  • Insurance Expense $1,564
  • Maintenance Expense $4,950
  • Other Expense $3,153
  • Net Operating Income $8,928

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,257

Year Built

Built in 2003

Lot Details

0

Parking

4

Listing Details

  • Parcel Number: 1033453003000
  • Property Sub Type: Multi Family
  • Other Expense: 3152.53
  • Year Built: 2003
  • Prop. Type: Residential Income
  • Lot Size: 110 x 100 x 85 x 109
  • Directions: Lake West on Van Dorn over hwy 77 (bypass) to SW 15th. North on SW 15th to Patterson Drive. West on Patterson Dr to SW 16th. OR Coddington to West Lake. East on West Lake to SW 16th.
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Basement YN: Yes
  • Full Bathrooms: 4
  • Fireplace: No
  • Living Area: 1792
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Exterior Features: Drain Tile
  • Property Condition: Not New and NOT a Model
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking Spaces: 4
  • Total Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: Yes

Schools

  • High School: Lincoln High
  • Elementary School: Roper
  • Junior High Dist: Lincoln
  • Middle Or Junior School: Park

Lot Info

  • Lot Features: Over 1/4 up to 1/2 Acre, Level

Multi Family

  • Insurance Expense: 1564
  • Maintenance Expense: 4950
  • Number Of Units Total: 2
  • Property Net Operating Income: 8928
  • Total Actual Rent: 1300

Tax Info

  • Tax Annual Amount: 5257

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 1900
Closed on
Nov 16, 2018
Sold by
Schwinn J Greg and Schwinn Lenette
Bought by
4K Properties Llc
Seller's Agent
Lenette Schwinn
HOME Real Estate
Buyer's Agent
Erika Bartels
HOME Real Estate
List Price
$285,000
Sold Price
$288,500
Premium/Discount to List
$3,500
1.23%
Total Days on Market
0
Current Estimated Value
$435,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,712
Avg. Annual Appreciation
5.38%
Original Mortgage
$275,140
Outstanding Balance
$244,743
Interest Rate
4.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
$165,806

Purchase Details

Closed on
Sep 30, 2003
Sold by
Schwinn Construction Co
Bought by
Schwinn J Greg and Schwinn Lenette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
6.24%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 13, 2003
Sold by
R C Krueger Development Co
Bought by
Schwinn Construction Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.83%
Mortgage Type
Construction
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
4K Properties Llc $289,000 Nebraska Land Title & Abstra
Schwinn J Greg $245,000 --
Schwinn Construction Co $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4K Properties Llc $275,140
Previous Owner Schwinn J Greg $196,000
Previous Owner Schwinn Construction Co $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2018 11/19/18 Sold $288,500 +1.2% $161 / Sq Ft
10/16/2018 10/16/18 Pending -- -- --
10/16/2018 10/16/18 For Sale $285,000 -- $159 / 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 $4,376 $316,600 $58,500 $258,100
2023 $5,306 $316,600 $58,500 $258,100
2022 $5,959 $299,000 $45,500 $253,500
2021 $5,638 $299,000 $45,500 $253,500
2020 $5,478 $286,700 $45,500 $241,200
2019 $4,961 $259,600 $45,500 $214,100
2018 $4,983 $259,600 $45,500 $214,100
2017 $4,539 $234,300 $45,500 $188,800
2016 $4,562 $234,300 $45,500 $188,800
2015 $4,531 $234,300 $45,500 $188,800
2014 -- $227,400 $45,500 $181,900
2013 -- $227,400 $45,500 $181,900
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lenette Schwinn

    HOME Real Estate

  • E

    Buyer's Agent in 2018

    Erika Bartels

    HOME Real Estate

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Map

Source: Great Plains Regional MLS

MLS Number: L10150752

Great Plains Regional MLS

APN: 10-33-453-003-000

Nebraska Lancaster County Lincoln 68522 West A

2509 SW 16th St, Lincoln, NE

This home is located at 2509 SW 16th St, Lincoln, NE 68522 since 01 January 1900 and is currently estimated at $435,212, approximately $242 per square foot. This property was built in 2003. 2509 SW 16th St is a home located in Lancaster County with nearby schools including Roper Elementary School, Park Middle School, and Lincoln High School.

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