NOT LISTED FOR SALE

3040 S 40th St Lincoln, NE 68506

Estimated Value: $332,000 - $361,000

5 Beds
2 Baths
2,759 Sq Ft
$125/Sq Ft Est. Value

Last Sold December 28, 2020

Last sale price $237,500 $86 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $2,213/month

10 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • Formal Dining Room
  • Pound Middle School Rated A-
  • No HOA
  • 1 Car Detached Garage

About This Home

As of December 2020

First day of showings will be Sunday Nov., 1st, 2020. Please call to reserve a time slot to protect you and your family during this pandemic. There will also be an open house on Sunday, 3 to 5 to accommodate everyone. Charming 5 bedroom, 2 bath Cape Cod, 1 1/2 story home in South Lincoln, with 2275 Sq. Ft. of living space plus 500 sq. ft. finished in the basement. First floor features living room with gorgeous hardwood floors, cathedral ceilings and wood burning fireplace, formal dining room, two bedrooms with full bath, and a huge family room. The kitchen has updated cabinets, tile floors, and stainless steel appliances. Upstairs is the spacious master bedroom, two more bedrooms with hardwood floor and 2nd full bath. Basement has a rec room with wet bar, laundry, and store room. Fully fenced yard, with patio. Detached 1-stall garage and extra parking slab. Close to parks, bike trail, shops, restaurants and high school. Call for your showing today.

Last Agent to Sell the Property

Tim Bayne

Nebraska Realty Brokerage Phone: 402-429-8121 License #20120103 Listed on: 10/30/2020

Co-Listed By

Marjorie Olivo

Nebraska Realty Brokerage Phone: 402-429-8121 License #20150529

Last Buyer's Agent

Derek Hilgert

RE/MAX Concepts License #20050349

RE/MAX Concepts

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,099

Year Built

  • Built in 1952

Lot Details

  • 7,950 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Property is Fully Fenced

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Composition Roof

Interior Spaces

  • 1.5-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Formal Dining Room
  • Partially Finished Basement

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Patio

Schools

  • Calvert Elementary School
  • Pound Middle School
  • Lincoln Southeast High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • No Home Owners Association
  • Woods Replat Woods Bros Thompsons Summit Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1605107005000
  • Tax Block 5

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,099

Year Built

Built in 1952

Lot Details

0

Parking

1

Listing Details

  • Parcel Number: 1605107005000
  • Property Sub Type: Single Family Residence
  • Year Built: 1952
  • Prop. Type: Residential
  • Lot Size Acres: 0.18
  • Lot Size: 50 x 150
  • Co List Office Mls Id: LNERE02
  • Ownership: Fee Simple
  • Subdivision Name: WOODS REPLAT WOODS BROS THOMPSONS SUMMIT
  • Directions: South of Van Dorn and S 40th St.
  • Above Grade Finished Sq Ft: 2259
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One and One Half
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Kitchen Level: Main Floor
  • Attribution Contact: M: 402-429-8121
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Formal Dining Room
  • Basement: Partially Finished
  • Appliances: Range - Cooktop + Oven, Oven - No Cooktop, Refrigerator, Dishwasher, Disposal, Microwave
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 500
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Wood, Laminate, Porcelain Tile
  • Living Area: 2759
  • Main Level Bathrooms: 1
  • ResoLivingAreaSource: Assessor
  • Room Kitchen Area: 110
  • Room Bedroom2 Area: 110
  • Room Bedroom3 Area: 132
  • Room Bedroom4 Area: 120
  • Bedroom 1 Level: 2nd Floor
  • Room Bedroom2 Level: 2nd Floor
  • Room Bedroom3 Level: Main Floor
  • Room Bedroom4 Level: Main
  • Room Dining Room Area: 121
  • Room Family Room Area: 352
  • Room Living Room Area: 299
  • Dining Room Dining Room Level: Main Floor
  • Room Family Room Level: Main Floor
  • Living Room Living Room Level: Main Floor
  • Room Master Bedroom Area: 140
  • Master Bedroom Master Bedroom Level: 2nd Floor
  • Master Bedroom Master Bedroom Width: 10

Exterior Features

  • Foundation Details: Block
  • Fencing: Full
  • Home Warranty: No
  • Construction Type: Brick/Other
  • Patio And Porch Features: Patio
  • Property Condition: Not New and NOT a Model
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Parking Features: Detached, Garage Door Opener
  • Total Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • High School: Lincoln Southeast
  • Elementary School: Calvert
  • Junior High Dist: Lincoln Public Schools
  • Middle Or Junior School: Pound

Lot Info

  • Property Attached Yn: No
  • Lot Features: Up to 1/4 Acre., City Lot
  • Lot Size Sq Ft: 7950
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 4099.02
  • Tax Block: 5

Multi Family

  • Above Grade Finished Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2020
Closed on
Dec 28, 2020
Sold by
Fox Michael K and Fox Peggy J
Bought by
Fox Michael K and Fox Peggy J
Seller's Agent
Tim Bayne
Nebraska Realty
Buyer's Agent
Derek Hilgert
RE/MAX Concepts
List Price
$249,900
Sold Price
$237,500
Premium/Discount to List
-$12,400
-4.96%
Current Estimated Value
$345,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,877
Avg. Annual Appreciation
8.33%
Original Mortgage
$197,500
Outstanding Balance
$177,847
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$167,530

Purchase Details

Listed on
Oct 30, 2020
Closed on
Dec 22, 2020
Sold by
Pease Karen K and Pease Andrew
Bought by
Fox Michael K
Seller's Agent
Tim Bayne
Nebraska Realty
Buyer's Agent
Derek Hilgert
RE/MAX Concepts
List Price
$249,900
Sold Price
$237,500
Premium/Discount to List
-$12,400
-4.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,500
Outstanding Balance
$177,847
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$167,530

Purchase Details

Closed on
Aug 24, 2018
Sold by
Pease Andrew C
Bought by
Pease Karen K

Purchase Details

Listed on
Feb 3, 2015
Closed on
Mar 12, 2015
Sold by
Douglas Schulz Sarai and Schulz James
Bought by
Pease Andrew C and Pease Karen K
Seller's Agent
Tom Luebbe
West Blue Realty
Buyer's Agent
Rich Rodenburg
Coldwell Banker NHS R E
List Price
$169,500
Sold Price
$169,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.03%
Original Mortgage
$166,429
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 20, 2009
Sold by
Christensen Kristy K Taylor and Christensen David Dean
Bought by
Douglas Sarai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
5.16%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 8, 2006
Sold by
Pauley Richard W and Pauley Marianne
Bought by
Taylor Kristy K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,800
Interest Rate
6.56%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 16, 2005
Sold by
Jp Morgan Chase Bank
Bought by
Pauley Richard W and Pauley Marianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,572
Interest Rate
5.67%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 28, 1999
Sold by
Christensen Gerald R
Bought by
Gambel Stanley W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
7.85%
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
Fox Michael K -- None Available
Fox Michael K $238,000 None Available
Pease Karen K -- None Available
Pease Andrew C $170,000 Nebraska Title Co
Douglas Sarai $144,000 Ct
Taylor Kristy K $144,000 Ntc
Pauley Richard W $110,000 Dakota Title & Escrow Co
Gambel Stanley W $92,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fox Michael K $197,500
Closed Fox Michael K $197,500
Previous Owner Pease Andrew C $70,000
Previous Owner Pease Andrew C $166,429
Previous Owner Schulz James D $33,940
Previous Owner Schulz James $134,000
Previous Owner Schulz James $119,500
Previous Owner Douglas Sarai $115,000
Previous Owner Taylor Kristy K $35,427
Previous Owner Taylor Kristy K $28,800
Previous Owner Taylor Kristy K $115,200
Previous Owner Pauley Richard W $82,572
Previous Owner Gambel Stanley W $67,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2020 12/28/20 Sold $237,500 -2.6% $86 / Sq Ft
11/09/2020 11/09/20 Pending -- -- --
11/05/2020 11/05/20 Price Changed $243,900 -2.4% $88 / Sq Ft
10/30/2020 10/30/20 For Sale $249,900 +47.4% $91 / Sq Ft
03/13/2015 03/13/15 Sold $169,500 0.0% $61 / Sq Ft
02/06/2015 02/06/15 Pending -- -- --
02/03/2015 02/03/15 For Sale $169,500 -- $61 / 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 $4,154 $300,600 $28,800 $271,800
2023 $5,038 $300,600 $28,800 $271,800
2022 $4,572 $229,400 $24,500 $204,900
2021 $4,325 $229,400 $24,500 $204,900
2020 $4,099 $214,500 $24,500 $190,000
2019 $4,099 $214,500 $24,500 $190,000
2018 $3,355 $174,800 $24,500 $150,300
2017 $3,386 $174,800 $24,500 $150,300
2016 $3,073 $157,800 $21,000 $136,800
2015 $3,052 $157,800 $21,000 $136,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Plains Regional MLS

MLS Number: 22027197

Great Plains Regional MLS

APN: 16-05-107-005-000