NOT LISTED FOR SALE

54750 Us Highway 275 Norfolk, NE 68701

Estimated Value: $551,231 - $904,000

89 Acres
$8,175 Price per Acre
3,876,840 Sq Ft Lot

Last Sold October 25, 2021

Last sale price $340,000

Est. 114% increase in value since last sale

Current estimated payment $4,163/month

Highlights

  • Waterfront
  • 89 Acre Lot
  • Level Lot

About This Lot

As of October 2021

Approximately 90 +/- acres of land available right along Highway 275 west of Norfolk with Elkhorn River access. Approximately 33 acres of row crop and 56 acres of pasture. Fence is already in place for the pasture. Option to buy just the row crop or just the pasture.

Last Agent to Sell the Property

Penny Korth

Real Estate Solutions Team License #20200331 Listed on: 08/16/2021

Last Buyer's Agent

Penny Korth

Real Estate Solutions Team License #20200331 Listed on: 08/16/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,020

Lot Details

  • 89 Acre Lot
  • Waterfront
  • Property fronts a highway
  • Level Lot

Additional Features

  • Flood Zone Lot
  • Livestock Fence
  • Private Water Source

Listing and Financial Details

  • Assessor Parcel Number 590151576

Property Details

Property Type

Land

Est. Annual Taxes

$4,020

Lot Details

0

Listing Details

  • Class: LAND
  • Residence: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: State Highway
  • Flood Zone: Yes
  • Fencing: Cattle Tight
  • Fencing Quality: Average
  • Road Surface: Gravel
  • Type Water: Private

Garage/Parking

  • Gas 2: None

Utilities

  • Water: None
  • Electric: No
  • Gas Company: No
  • Sewer: Other
  • Sewer: None

Lot Info

  • Topography: Level
  • Number Of Acres: 89
  • Parcel #: 590151576
  • Best Crops: Corn, Soybean
  • Easements: Unknown
  • Flood Zone2: Yes
  • Land Use: Livestock, Grain, Pasture, Recreation
  • L O T L O C A T I O N: Water Front, Agriculture
  • Lot Size2: 10+ Acres
  • Timber: Light

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2021
Closed on
Oct 12, 2021
Sold by
Richards Somer and Estate Of James Lee Klein
Bought by
S & B Heritage Llc
Seller's Agent
Penny Korth
Real Estate Solutions Team
Buyer's Agent
Penny Korth
Real Estate Solutions Team
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%
Current Estimated Value
$727,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$387,616
Avg. Annual Appreciation
20.89%

Purchase Details

Closed on
Aug 4, 2005
Sold by
Klein James L and Klein Susan
Bought by
Klein James L and Klein Susan

Purchase Details

Closed on
Mar 9, 2005
Sold by
Klein James L and Klein Susan
Bought by
Klein James L and Klein Susan
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
S & B Heritage Llc -- Stewart Title Company
Klein James L -- --
Klein James L $14,690 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2021 10/25/21 Sold $340,000 -2.9% --
08/24/2021 08/24/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $350,000 -- --
Source: Norfolk Board of REALTORS®

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 $4,020 $470,174 $331,313 $138,861
2023 $5,662 $418,634 $293,939 $124,695
2022 $5,133 $379,294 $264,347 $114,947
2021 $4,455 $337,217 $233,874 $103,343
2020 $5,279 $402,999 $271,223 $131,776
2019 $5,257 $404,297 $272,521 $131,776
2018 $4,976 $407,583 $283,792 $123,791
2017 $4,985 $402,562 $286,096 $116,466
2016 $5,173 $394,528 $284,782 $109,746
2015 $5,125 $394,528 $284,782 $109,746
2014 $5,719 $406,913 $303,333 $103,580
2013 $6,067 $369,011 $271,729 $97,282
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Penny Korth

    Real Estate Solutions Team

    (402) 640-4000

    30 Total Sales

    Penny Korth
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Map

Source: Norfolk Board of REALTORS®

MLS Number: 210697

Norfolk Board of REALTORS®

APN: 590151576

Nebraska Madison County Norfolk 68701

54750 Us Highway 275, Norfolk, NE

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Norfolk Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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