NOT LISTED FOR SALE

Estimated Value: $4,126,163

3 Beds
2 Baths
1,630 Sq Ft
$2,531/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $3,750,000 $2,301 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $25,479/month

257 Days on Market

Highlights

  • 1.62 Acre Lot
  • 47 Car Detached Garage
  • Forced Air Heating and Cooling System
  • No HOA

About This Home

As of December 2023

Apartment complex in Central North Lincoln. 54 units: 33 two bedroom, 2 bath units, 21 one bedroom, 1 bath units. Also, 47 garages. Easy to rent. 3 on site laundry rooms.

Last Agent to Sell the Property

Bob Branchaud

Woods Bros Realty License #940382 Listed on: 02/02/2023

Woods Bros Realty

Last Buyer's Agent

Pablo Cervantes

LINE Commercial Real Estate License #20200397

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $49,406

Year Built

  • Built in 1969

Lot Details

  • 1.62 Acre Lot
  • Lot Dimensions are 184 x 384 x 184 x 384

Parking

  • 47 Car Detached Garage

Home Design

  • Block Foundation

Interior Spaces

  • 1,630 Sq Ft Home
  • 3-Story Property
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Huntington Elementary School
  • Dawes Middle School
  • Lincoln Northeast High School

Utilities

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

Community Details

  • No Home Owners Association
  • 1,630 Sq Ft Building
  • Northeast Subdivision

Listing and Financial Details

  • Total Actual Rent $1,425
  • Assessor Parcel Number 1708402009000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$49,406

Year Built

Built in 1969

Lot Details

0

Parking

47

Listing Details

  • Parcel Number: 1708402009000
  • Property Sub Type: Multi Family
  • Year Built: 1969
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.622
  • Lot Size: 184 x 384 x 184 x 384
  • Ownership: Fee Simple
  • Subdivision Name: Northeast
  • Directions: Use GPS.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Living Area: 1630
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Block
  • Fencing: None
  • Property Condition: Not New and NOT a Model

Garage/Parking

  • Garage Spaces: 47
  • Attached Garage: No
  • Covered Parking Spaces: 47
  • Parking Features: Detached
  • Total Parking Spaces: 31

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

  • Association: No

Schools

  • High School: Lincoln Northeast
  • Elementary School: Huntington
  • Junior High Dist: Lincoln
  • Middle Or Junior School: Dawes

Lot Info

  • Lot Features: Over 1 up to 5 Acres
  • Lot Size Sq Ft: 70656
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 49406

Multi Family

  • Number Of Units Total: 54
  • Total Actual Rent: 1425

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2023
Closed on
Dec 7, 2023
Sold by
Bousek Mark A and Bousek Gayle
Bought by
Cervantes Investments Llc
Seller's Agent
Bob Branchaud
Woods Bros Realty
Buyer's Agent
Pablo Cervantes
LINE Commercial Real Estate
List Price
$4,100,000
Sold Price
$3,750,000
Premium/Discount to List
-$350,000
-8.54%
Views
447
Current Estimated Value
$4,126,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$376,163
Avg. Annual Appreciation
2.08%
Original Mortgage
$2,812,500
Interest Rate
7.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2016
Sold by
Mba Apartments Llc
Bought by
Bousck Mark A

Purchase Details

Closed on
Jul 2, 2004
Sold by
Satcoms Llc
Bought by
Gardenbrook Apartments Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cervantes Investments Llc $3,750,000 Charter Title
Bousck Mark A -- None Available
Gardenbrook Apartments Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cervantes Investments Llc $3,275,000
Closed Cervantes Investments Llc $30,000
Closed Cervantes Investments Llc $2,812,500
Previous Owner Mba Apartments Llc $1,920,000
Previous Owner Mba Apartments Llc $1,612,500
Previous Owner Gardenbrook Apartments Llc $1,095,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2023 12/08/23 Sold $3,750,000 -5.1% $2,301 / Sq Ft
10/18/2023 10/18/23 Pending -- -- --
10/11/2023 10/11/23 Price Changed $3,950,000 -3.7% $2,423 / Sq Ft
10/10/2023 10/10/23 For Sale $4,100,000 0.0% $2,515 / Sq Ft
08/31/2023 08/31/23 Pending -- -- --
08/11/2023 08/11/23 For Sale $4,100,000 0.0% $2,515 / Sq Ft
08/11/2023 08/11/23 Price Changed $4,100,000 0.0% $2,515 / Sq Ft
08/08/2023 08/08/23 For Rent $650 0.0% --
08/03/2023 08/03/23 Pending -- -- --
07/13/2023 07/13/23 For Rent $650 0.0% --
06/26/2023 06/26/23 Price Changed $4,200,000 -6.7% $2,577 / Sq Ft
05/22/2023 05/22/23 For Sale $4,500,000 0.0% $2,761 / Sq Ft
03/24/2023 03/24/23 Pending -- -- --
02/27/2023 02/27/23 Price Changed $4,500,000 -7.0% $2,761 / Sq Ft
02/02/2023 02/02/23 For Sale $4,840,000 0.0% $2,969 / Sq Ft
01/10/2023 01/10/23 Price Changed $650 +9.2% $1 / Sq Ft
08/23/2022 08/23/22 For Rent $595 -- --
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 $41,935 $3,008,800 $297,000 $2,711,800
2023 $48,198 $2,875,800 $297,000 $2,578,800
2022 $52,384 $2,628,400 $297,000 $2,331,400
2021 $42,798 $2,269,900 $297,000 $1,972,900
2020 $33,502 $1,753,300 $297,000 $1,456,300
2019 $33,505 $1,753,300 $297,000 $1,456,300
2018 $33,654 $1,753,300 $297,000 $1,456,300
2017 $32,194 $1,661,900 $297,000 $1,364,900
2016 $32,360 $1,661,900 $297,000 $1,364,900
2015 $32,138 $1,661,900 $297,000 $1,364,900
2014 $33,238 $1,709,000 $297,000 $1,412,000
2013 -- $1,709,000 $297,000 $1,412,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Plains Regional MLS

MLS Number: 22302128

Great Plains Regional MLS

APN: 17-08-402-009-000