NOT LISTED FOR SALE

5507 S 38th St Lincoln, NE 68516

Estimated Value: $326,029 - $396,000

4 Beds
3 Baths
1,902 Sq Ft
$194/Sq Ft Est. Value

Last Sold November 25, 2014

Last sale price $175,000 $92 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $2,369/month

131 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Forced Air Heating and Cooling System
  • Rousseau Elementary School Rated A

About This Home

As of November 2014

You will be pleasantly surprised! Unique duplex income property located in Briarhurst West on corner lot that would be perfect for an owner occupied unit. Split-foyer home on one side (So. 38th St) & ranch home on the other (Clover Cir). The split foyer features 2 BR's up & 1 BR down, 1.75 Baths, wood floors in kitchen & dining, fireplace in family room, single garage & extra parking slab. The ranch is on a cul-de-sac and has 2 BR's & 2 Baths, finished basement with family room, non-conforming bedroom, fireplace and bath. Great covered patio and single stall garage. Take advantage of this great opportunity in an area that has easy access to shopping and all the conveniences.

Last Agent to Sell the Property

Rob Predmore

Nebraska Realty License #980430 Listed on: 07/03/2014

Nebraska Realty

Co-Listed By

Teresa Predmore

Nebraska Realty License #20040917

Last Buyer's Agent

John Mahoney

BHHS Ambassador Real Estate License #20010207

BHHS Ambassador Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,266

Year Built

  • Built in 1975

Lot Details

  • 9,000 Sq Ft Lot
  • Lot Dimensions are 120 x 75
  • Corner Lot

Parking

  • 2 Car Garage

Home Design

  • Frame Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 3 Full Bathrooms

Schools

  • Rousseau Elementary School
  • Irving Middle School
  • Southwest High School

Utilities

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

Additional Features

  • Basement

Listing and Financial Details

  • Total Actual Rent $1,900
  • Assessor Parcel Number 1607406008000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Insurance Expense $1,200
  • Other Expense $750
  • Net Operating Income $16,444

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,266

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Parcel Number: 1607406008000
  • Property Sub Type: Multi Family
  • Other Expense: 750
  • Year Built: 1975
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2066
  • Lot Size: 120 x 75
  • Co List Office Mls Id: LWOOD01
  • Directions: From Hwy2- Go South on 40th to Wildbriar, West to S 38th, South to property
  • New Construction: No
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Basement YN: Yes
  • Full Bathrooms: 3
  • Fireplace: No
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Construction Type: Frame
  • Property Condition: Not New and NOT a Model

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Total Parking Spaces: 2

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Southwest
  • Elementary School: Rousseau
  • Junior High Dist: Lincoln
  • Middle Or Junior School: Irving

Lot Info

  • Lot Features: Up to 1/4 Acre., Corner Lot
  • Lot Size Sq Ft: 9000
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Insurance Expense: 1200
  • Number Of Units Total: 2
  • Property Net Operating Income: 16444
  • Total Actual Rent: 1900

Tax Info

  • Tax Annual Amount: 3266.42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2021
Sold by
328 Property Management Llc
Bought by
Q L Lazaro Properties Llc
Current Estimated Value
$369,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,000
Outstanding Balance
$262,880
Interest Rate
3.09%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$89,557

Purchase Details

Listed on
Jul 3, 2014
Closed on
Nov 20, 2014
Sold by
Meyer Paul D
Bought by
328 Property Management Llc
Seller's Agent
Rob Predmore
Nebraska Realty
Buyer's Agent
John Mahoney
BHHS Ambassador Real Estate
List Price
$210,000
Sold Price
$175,000
Premium/Discount to List
-$35,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.73%
Original Mortgage
$178,000
Interest Rate
3.99%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jul 3, 2014
Closed on
Nov 18, 2014
Sold by
Meyer Aria Jo
Bought by
328 Property Management Llc
Seller's Agent
Rob Predmore
Nebraska Realty
Buyer's Agent
John Mahoney
BHHS Ambassador Real Estate
List Price
$210,000
Sold Price
$175,000
Premium/Discount to List
-$35,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Interest Rate
3.99%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 25, 2004
Sold by
Stahly Kent L and Stahly Carolyn M
Bought by
Meyer Paul D and Meyer Arla Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,500
Interest Rate
5.97%
Mortgage Type
Unknown
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
Q L Lazaro Properties Llc $298,000 Charter T&E Svcs Inc
328 Property Management Llc -- Union Title Company Llc
328 Property Management Llc $175,000 Union Title Company Llc
Meyer Paul D $192,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Q L Lazaro Properties Llc $283,000
Previous Owner 328 Property Management Llc $160,000
Previous Owner 328 Property Management Llc $178,000
Previous Owner Meyer Paul D $170,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2014 11/25/14 Sold $175,000 -16.7% $92 / Sq Ft
11/11/2014 11/11/14 Pending -- -- --
07/03/2014 07/03/14 For Sale $210,000 -- $110 / 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 $4,305 $308,600 $45,000 $263,600
2023 $4,917 $293,400 $45,000 $248,400
2022 $4,696 $235,600 $35,000 $200,600
2021 $4,442 $235,600 $35,000 $200,600
2020 $4,133 $216,300 $35,000 $181,300
2019 $3,770 $197,300 $35,000 $162,300
2018 $3,787 $197,300 $35,000 $162,300
2017 $3,311 $170,900 $35,000 $135,900
2016 $3,328 $170,900 $35,000 $135,900
2015 $3,305 $170,900 $35,000 $135,900
2014 -- $167,100 $35,000 $132,100
2013 -- $167,100 $35,000 $132,100
Source: Public Records

Agents Affiliated with this Home

  • Rob Predmore

    Seller's Agent in 2014

    Rob Predmore

    Nebraska Realty

    (402) 540-3818

    224 Total Sales

    Rob Predmore
    Section Image
  • Teresa Predmore

    Seller Co-Listing Agent in 2014

    Teresa Predmore

    Nebraska Realty

    141 Total Sales

    Teresa Predmore
    Section Image
  • John Mahoney

    Buyer's Agent in 2014

    John Mahoney

    BHHS Ambassador Real Estate

    (402) 416-8015

    194 Total Sales

    John Mahoney
    Section Image
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Map

Source: Great Plains Regional MLS

MLS Number: L10115546

Great Plains Regional MLS

APN: 16-07-406-008-000

Nebraska Lancaster County Lincoln 68516

5507 S 38th St, Lincoln, NE

This home is located at 5507 S 38th St, Lincoln, NE 68516 since 03 July 2014 and is currently estimated at $369,007, approximately $194 per square foot. This property was built in 1975. 5507 S 38th St is a home located in Lancaster County with nearby schools including Rousseau Elementary School, Irving Middle School, and Southwest High School.

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.

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