NOT LISTED FOR SALE

302 S Highway 6 Milford, NE 68405

Estimated Value: $242,318 - $345,000

-- Bed
-- Bath
-- Sq Ft
5.95 Acres

Last Sold March 30, 2012

Last sale price $175,000

Est. 58% increase in value since last sale

Current estimated payment $1,677/month

267 Days on Market

Highlights

  • 5.95 Acre Lot
  • No HOA
  • Forced Air Heating System

About This Home

As of March 2012

College View Rentals is 5.95 acres of investment property with a 2-bdrm house, 3 efficiency apartments, and 12 lots with 10 mobile homes (7 of them included in sale), plus potential for additional development. Great location: close to Southeast Community College in Milford, NE. The Blue River runs through property & provides scenic view; many trees provide shade and ample green space makes a park-like setting. Ample on-site parking, well maintained, lots of recent improvements (furnaces, water heaters, plumbing, elect, etc.) Location is walking distance to SCC, convenience store, and college rec center. Excellent rental history with no advertising costs, just yard sign and free college newsletter. Access to Big Blue River for swimming/fishing. Great view, lots of trees & shade & green space. Picnic table in commons area near water. House basement provides storm shelter 24/7.

Last Agent to Sell the Property

Joe Schluckebier

Premier Real Estate License #20070541 Listed on: 05/26/2011

Last Buyer's Agent

Joe Schluckebier

Premier Real Estate License #20070541 Listed on: 05/26/2011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,417

Year Built

  • Built in 1950

Lot Details

  • 5.95 Acre Lot

Parking

  • 1 Car Garage

Home Design

  • Block Foundation

Schools

  • Milford Elementary And Middle School
  • Milford High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 800067240

Community Details

Overview

  • No Home Owners Association
  • 16 Units

Building Details

  • Insurance Expense $2,800
  • Maintenance Expense $1,800
  • Net Operating Income $29,859

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,417

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Parcel Number: 800067240
  • Property Sub Type: Multi Family
  • Year Built: 1950
  • Prop. Type: Residential Income
  • Lot Size Acres: 5.95
  • Lot Size: 5.95 acres
  • New Construction: No
  • Special Features: None

Interior Features

  • Basement YN: Yes
  • Fireplace: No

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Total Parking Spaces: 1

Utilities

  • Heating: Gas, Forced Air
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Milford
  • Elementary School: Milford
  • Junior High Dist: Milford
  • Middle Or Junior School: Milford

Lot Info

  • Lot Features: Over 5 up to 10 Acres
  • Lot Size Sq Ft: 259182
  • ResoLotSizeUnits: Acres

Multi Family

  • Insurance Expense: 2800
  • Maintenance Expense: 1800
  • Number Of Units Total: 16
  • Property Net Operating Income: 29859

Tax Info

  • Tax Annual Amount: 3417

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2011
Closed on
Mar 29, 2012
Sold by
Colleage View Rentals Llc
Bought by
Gingerich Darren M and Gingerich Ramona D
Seller's Agent
Joe Schluckebier
Premier Real Estate
Buyer's Agent
Joe Schluckebier
Premier Real Estate
List Price
$184,900
Sold Price
$175,000
Premium/Discount to List
-$9,900
-5.35%
Current Estimated Value
$276,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,775
Original Mortgage
$175,000
Outstanding Balance
$26,089
Interest Rate
3.92%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 12, 2007
Sold by
Hansen Maurice D
Bought by
College View Rentals Llc
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
Gingerich Darren M $17,500 None Available
College View Rentals Llc $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gingerich Darren M $175,000
Previous Owner Elm River Court Inc $106,607
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2012 03/30/12 Sold $175,000 -5.4% --
02/16/2012 02/16/12 Pending -- -- --
05/25/2011 05/25/11 For Sale $184,900 -- --
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 $2,028 $148,388 $34,825 $113,563
2023 $2,603 $148,388 $34,825 $113,563
2022 $2,661 $148,388 $34,825 $113,563
2021 $2,617 $148,388 $34,825 $113,563
2020 $2,643 $148,388 $34,825 $113,563
2019 $2,371 $135,173 $29,048 $106,125
2018 $2,315 $135,173 $29,048 $106,125
2017 $2,400 $142,608 $29,047 $113,561
2016 $2,495 $135,173 $29,048 $106,125
2015 $2,545 $135,173 $29,048 $106,125
2013 $2,634 $135,173 $29,048 $106,125
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Plains Regional MLS

MLS Number: L10090307

Great Plains Regional MLS

APN: 800067290