NOT LISTED FOR SALE

5101 Cleveland Ave Lincoln, NE 68504

University Place Neighborhood

Estimated Value: $212,862 - $237,000

3 Beds
2 Baths
1,680 Sq Ft
$133/Sq Ft Est. Value

Last Sold February 19, 2016

Last sale price $130,000 $77 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $1,437/month

27 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of February 2016

All brick over/under duplex. Well maintained property with newer roof, central air units, and furnace! Great for owner occupied or investment property. 2 bedroom unit was under rented for $550, 1 bedroom unit rented for $450. 4 off street parking spots, storage shed and fenced in yard. Close to Wesleyan University.

Last Agent to Sell the Property

Jessica Cammarano

RE/MAX Concepts License #20150627 Listed on: 12/21/2015

RE/MAX Concepts

Last Buyer's Agent

Johanna Rhoads

RE/MAX Concepts License #20110496

RE/MAX Concepts

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,150

Year Built

  • Built in 1958

Lot Details

  • 4,500 Sq Ft Lot
  • Lot Dimensions are 50 x 90
  • Corner Lot

Parking

  • 4 Parking Spaces

Home Design

  • 1,680 Sq Ft Home
  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Schools

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

Utilities

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

Listing and Financial Details

  • Total Actual Rent $1,000
  • Assessor Parcel Number 1717210006000

Community Details

Overview

  • No Home Owners Association
  • 1,680 Sq Ft Building

Building Details

  • Insurance Expense $1,200
  • Net Operating Income $6,690

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,150

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Parcel Number: 1717210006000
  • Property Sub Type: Multi Family
  • Year Built: 1958
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1033
  • Lot Size: 50 x 90
  • Directions: 48th St to Adams, east on Adams, south on 51st to Cleveland Ave
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Basement: None
  • Basement YN: No
  • Fireplace: No
  • Living Area: 1680
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Construction Type: Brick/Other
  • Property Condition: Not New and NOT a Model
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas, Forced Air
  • Heating Yn: Yes

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: Up to 1/4 Acre., Corner Lot
  • Lot Size Sq Ft: 4500
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Insurance Expense: 1200
  • Number Of Units Total: 2
  • Property Net Operating Income: 6690
  • Total Actual Rent: 1000

Tax Info

  • Tax Annual Amount: 2150.42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2015
Closed on
Feb 26, 2016
Sold by
Bornemeier Douglas M and Bornemeier Cynthia L
Bought by
Hill Michale and Ellington Patricia
Seller's Agent
Jessica Cammarano
RE/MAX Concepts
Buyer's Agent
Johanna Rhoads
RE/MAX Concepts
List Price
$140,000
Sold Price
$130,000
Premium/Discount to List
-$10,000
-7.14%
Current Estimated Value
$223,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,966
Avg. Annual Appreciation
5.89%
Original Mortgage
$97,500
Outstanding Balance
$62,200
Interest Rate
3.81%
Mortgage Type
New Conventional
Estimated Equity
$161,766
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
Hill Michale $130,000 Ne Land Title & Abstract
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hill Michale $97,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2016 02/19/16 Sold $130,000 -7.1% $77 / Sq Ft
01/17/2016 01/17/16 Pending -- -- --
12/21/2015 12/21/15 For Sale $140,000 -- $83 / 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 $2,598 $188,000 $45,000 $143,000
2023 $3,151 $188,000 $45,000 $143,000
2022 $3,095 $155,300 $30,000 $125,300
2021 $2,928 $155,300 $30,000 $125,300
2020 $2,830 $148,100 $30,000 $118,100
2019 $2,584 $135,200 $30,000 $105,200
2018 $2,595 $135,200 $30,000 $105,200
2017 $2,154 $111,200 $30,000 $81,200
2016 $2,165 $111,200 $30,000 $81,200
2015 $2,150 $111,200 $30,000 $81,200
2014 $2,013 $103,500 $30,000 $73,500
2013 -- $103,500 $30,000 $73,500
Source: Public Records

Agents Affiliated with this Home

  • Jessica Cammarano

    Seller's Agent in 2016

    Jessica Cammarano

    RE/MAX Concepts

    (402) 560-3299

    9 in this area

    166 Total Sales

    Section Image
  • Johanna Rhoads

    Buyer's Agent in 2016

    Johanna Rhoads

    RE/MAX Concepts

    (402) 617-4678

    10 in this area

    472 Total Sales

    Section Image
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Map

Source: Great Plains Regional MLS

MLS Number: L10126609

Great Plains Regional MLS

APN: 17-17-210-006-000

Nebraska Lancaster County Lincoln 68504 University Place

5101 Cleveland Ave, Lincoln, NE

This home is located at 5101 Cleveland Ave, Lincoln, NE 68504 since 21 December 2015 and is currently estimated at $223,966, approximately $133 per square foot. This property was built in 1958. 5101 Cleveland Ave is a home located in Lancaster County with nearby schools including Huntington Elementary School, Dawes Middle School, and Lincoln Northeast High School.

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