NOT LISTED FOR SALE

506 N Elmwood Rd Omaha, NE 68132

Fairacres Neighborhood

Estimated Value: $1,836,000 - $2,561,000

6 Beds
6 Baths
7,112 Sq Ft
$307/Sq Ft Est. Value

Last Sold July 17, 2015

Last sale price $1,950,000 $274 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $15,468/month

4 Days on Market

Highlights

  • In Ground Pool
  • Deck
  • Cathedral Ceiling
  • Fireplace in Primary Bedroom
  • Wooded Lot
  • Wood Flooring

About This Home

As of July 2015

Flawless design& detail create style &comfort at this rare one of a kind haven in Fairacres.This gated prestigious estate boasts a circular mosaic entry to extraordinary volume ceilings that open to an incredible comfortable flr plan.Equisite Kit w/high end SS appliances, gorgeous wood flrs&alluring hrthrm w/masterpiece wood burning fireplace. Mstr Bath has it all including a fireplace. The add'l guest suites are sensational. A special surprise loft awaits you-an outstanding ladies boudouir. AMA

Last Agent to Sell the Property

Teresa Elliott

NextHome Signature Real Estate License #0920031 Listed on: 03/19/2015

NextHome Signature Real Estate

Last Buyer's Agent

Susan Rauth

NextHome Signature Real Estate License #20030059

NextHome Signature Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,618

Year Built

  • Built in 1935

Lot Details

  • Lot Dimensions are 205 x 155
  • Aluminum or Metal Fence
  • Sprinkler System
  • Wooded Lot

Parking

  • 5 Car Garage

Home Design

  • Stone

Interior Spaces

  • 1.5-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Living Room with Fireplace
  • 7 Fireplaces
  • Walk-Out Basement
  • Home Security System

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Spa Bath

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Schools

  • Western Hills Elementary School
  • Lewis And Clark Middle School
  • Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Fairacres Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2865000010
  • Tax Block 5

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,618

Year Built

Built in 1935

Lot Details

0

Parking

5

Listing Details

  • Parcel Number: 2865000010
  • Property Sub Type: Single Family Residence
  • Year Built: 1935
  • Prop. Type: Residential
  • Lot Size: 205 x 155
  • Ownership: Fee Simple
  • Subdivision Name: Fairacres
  • Directions: South of Underwood on Elmwood Road (Approx 66th)
  • Above Grade Finished Sq Ft: 5012
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One and One Half
  • New Construction: No
  • Kitchen Level: Main Floor
  • Special Features: None

Interior Features

  • Interior Amenities: Wet Bar, 9'+ Ceiling, Other
  • Basement: Walk-Out Access
  • Spa Features: Bath
  • Private Spa: Yes
  • Appliances: Range - Cooktop + Oven, Oven - No Cooktop, Dishwasher, Disposal, Microwave
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 2100
  • Fireplace Features: Kitchen, Living Room, Master Bedroom
  • Fireplaces: 7
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Wood, Other
  • Living Area: 7112
  • Main Level Bathrooms: 2
  • Window Features: Window Covering
  • Room Kitchen Area: 862.41
  • Room Bedroom2 Area: 206.87
  • Room Bedroom3 Area: 221
  • Room Bedroom4 Area: 257.4
  • Bedroom 1 Level: 2nd Floor
  • Room Bedroom2 Level: 2nd Floor
  • Room Bedroom3 Level: 2nd Floor
  • Room Bedroom4 Level: Second
  • Room Dining Room Area: 239.2
  • Room Family Room Area: 198.17
  • Room Living Room Area: 415.83
  • Dining Room Dining Room Level: Main Floor
  • Room Family Room Level: Below Grade
  • Room Kitchen Features: Wood Floor, Fireplace, Cath./Vaulted Ceiling, 9'+ Ceiling, Pantry
  • Living Room Living Room Level: Main Floor
  • Bedroom 1 Features: Wood Floor, Window Covering, Ceiling Fan(s)
  • Room Bedroom2 Features: Wood Floor, Window Covering, Ceiling Fan(s)
  • Room Bedroom3 Features: Wood Floor, Window Covering, Ceiling Fan(s), Walk-In Closet(s)
  • Room Bedroom4 Features: Wood Floor, Window Covering, Ceiling Fan(s), Walk-In Closet(s)
  • Room Master Bedroom Area: 412.56
  • Dining Room Features: Wood Floor
  • Family Room Features: Wood Floor, Window Covering
  • Living Room Features: Wood Floor, Fireplace
  • Master Bedroom Master Bedroom Level: Main Floor
  • Master Bedroom Master Bedroom Width: 19.1
  • Master Bedroom Features: Wood Floor, Window Covering, Fireplace
  • Master Bathroom Features: Full

Exterior Features

  • Exterior Features: Sprinkler System
  • Fencing: Other, Iron
  • Pool Features: In Ground
  • Home Warranty: No
  • Construction Type: Stone
  • Patio And Porch Features: Porch, Patio, Enclosed Porch, Deck
  • Property Condition: Not New and NOT a Model
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 5
  • Attached Garage: Yes
  • Covered Parking Spaces: 5
  • Parking Features: Attached, Detached
  • Total Parking Spaces: 5

Utilities

  • Cooling: Central Air
  • Laundry Features: Ceramic Tile Floor
  • Security: Security System
  • Cooling Y N: Yes
  • Heating: Gas, Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • High School: Central
  • Elementary School: Western Hills
  • Junior High Dist: Omaha
  • Middle Or Junior School: Lewis and Clark

Lot Info

  • Property Attached Yn: No
  • Lot Features: Over 1/2 up to 1 Acre, City Lot, Wooded
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 31618.16
  • Tax Block: 5

Multi Family

  • Above Grade Finished Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2015
Closed on
Jul 14, 2015
Sold by
Miller Duane E and Miller Barbara G
Bought by
Davies Andrew P and Davies Elisa B
Seller's Agent
Teresa Elliott
NextHome Signature Real Estate
Buyer's Agent
Susan Rauth
NextHome Signature Real Estate
List Price
$1,950,000
Sold Price
$1,950,000
Current Estimated Value
$2,180,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$230,642
Avg. Annual Appreciation
0.93%
Original Mortgage
$1,560,000
Outstanding Balance
$1,234,926
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$906,977

Purchase Details

Closed on
Aug 30, 2006
Sold by
Gravelle Matthew D
Bought by
Miller Duane E
Source: Public Records

Range of Values:

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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
Davies Andrew P $1,950,000 Nebraska Title Co
Miller Duane E $1,650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davies Andrew P $1,560,000
Previous Owner Gravelle Matthew D $456,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2015 07/17/15 Sold $1,950,000 0.0% $274 / Sq Ft
03/23/2015 03/23/15 Pending -- -- --
03/19/2015 03/19/15 For Sale $1,950,000 -- $274 / 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
2023 $43,038 $2,039,900 $311,500 $1,728,400
2022 $39,322 $1,842,100 $311,500 $1,530,600
2021 $32,856 $1,552,300 $311,500 $1,240,800
2020 $33,137 $1,547,800 $311,500 $1,236,300
2019 $33,235 $1,547,800 $311,500 $1,236,300
2018 $33,280 $1,547,800 $311,500 $1,236,300
2017 $33,444 $1,547,800 $311,500 $1,236,300
2016 $34,290 $1,598,000 $237,100 $1,360,900
2015 $31,618 $1,493,500 $221,600 $1,271,900
2014 $31,618 $1,493,500 $221,600 $1,271,900
Source: Public Records

Agents Affiliated with this Home

  • Teresa Elliott

    Seller's Agent in 2015

    Teresa Elliott

    NextHome Signature Real Estate

    (402) 690-1573

    177 Total Sales

    Section Image
  • Susan Rauth

    Buyer's Agent in 2015

    Susan Rauth

    NextHome Signature Real Estate

    (402) 968-9552

    130 Total Sales

    Section Image
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Map

Source: Great Plains Regional MLS

MLS Number: 21504863

Great Plains Regional MLS

APN: 2865-0000-10

Nebraska Douglas County Omaha 68132 Fairacres

506 N Elmwood Rd, Omaha, NE

This home is located at 506 N Elmwood Rd, Omaha, NE 68132 since 19 March 2015 and is currently estimated at $2,180,642, approximately $306 per square foot. This property was built in 1935. 506 N Elmwood Rd is a home located in Douglas County with nearby schools including Lewis & Clark Middle School, Central High School, and Montessori Children's Room.

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