NOT LISTED FOR SALE

83724 551 Ave Norfolk, NE 68701

Estimated Value: $470,000 - $750,243

419.45 Acres
$1,481 Price per Acre
18,271,240 Sq Ft Lot

Last Sold April 23, 2020

Last sale price $1,050,000

Est. 41% decrease in value since last sale

Current estimated payment $3,614/month

262 Days on Market

Highlights

  • 419.45 Acre Lot
  • Livestock Fence
  • Level Lot

About This Lot

As of April 2020

Large parcel of grass located within 10 minutes of Norfolk. Just a half mile off of paved road. Established grasses and tress makes this a great ranchette!

Last Agent to Sell the Property

Teri Bauer

RE/MAX ASSOCIATES License #910727 Listed on: 06/21/2019

RE/MAX ASSOCIATES

Last Buyer's Agent

Teri Bauer

RE/MAX ASSOCIATES License #910727 Listed on: 06/21/2019

RE/MAX ASSOCIATES

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,268

Lot Details

  • 419.45 Acre Lot
  • Livestock Fence
  • Level Lot

Additional Homes

  • Residence on Property

Utilities

  • Private Water Source
  • Well
  • Septic Tank
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number see remark

Property Details

Property Type

Land

Est. Annual Taxes

$13,268

Lot Details

0

Listing Details

  • Class: LAND
  • Residence: Yes
  • Business District: 1-5 Miles
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Misc Features: Shop
  • Estimated Sq Ft: 1,829,520

Exterior Features

  • Outbuildings: Other
  • Flood Zone: No
  • Fencing: Cattle Tight
  • Fencing Quality: Good
  • Road Surface: Gravel
  • Type Water: Private

Garage/Parking

  • Gas 2: None

Utilities

  • Water: Well
  • Electric: Yes
  • Gas Company: No
  • Sewer: Private
  • Sewer: Septic Tank

Schools

  • School District: Norfolk
  • Elementary School: Norfolk
  • Middle School: Norfolk
  • High School: Norfolk
  • Senior High School: Norfolk

Lot Info

  • Topography: Level, Rolling
  • Lot Size: 419.45 AC
  • Number Of Acres: 419.45
  • Parcel #: see remark
  • Zoning: AG
  • Level Acres: y
  • Tillable Acres: y
  • Best Crops: Hay
  • Crop Pasture: y
  • Land Use: Livestock, Pasture, Recreation
  • Lot Improvement: Fenced
  • L O T L O C A T I O N: Agriculture
  • Lot Size2: 10+ Acres
  • Ponds: 1 To 4
  • Type of Soil: Sandy, Loamy

Tax Info

  • Year: 2019
  • Taxes: 13,268.36

MLS Schools

  • School District: Norfolk
  • Elementary School: Norfolk
  • Jr High School: Norfolk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2020
Sold by
Hofmann Larry and Hofmann Gloria A
Bought by
Huntley Lucas A and Huntley Katey A
Current Estimated Value
$621,061

Purchase Details

Listed on
Jun 21, 2019
Closed on
Apr 20, 2020
Sold by
Mohl James A and Mohl Cynthia Ann
Bought by
Hofmann Larry and Hofmann Gloria A
Seller's Agent
Teri Bauer
RE/MAX ASSOCIATES
Buyer's Agent
Teri Bauer
RE/MAX ASSOCIATES
List Price
$1,450,000
Sold Price
$1,050,000
Premium/Discount to List
-$400,000
-27.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.07%
Original Mortgage
$1,000,000
Interest Rate
3.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 24, 2007
Sold by
Mohl James A
Bought by
Mohl Cynthia A
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
Huntley Lucas A $410,000 American Title & Escrow Co
Hofmann Larry $1,050,000 Northeast Nebraska T&E
Mohl Cynthia A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hofmann Larry $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2020 04/23/20 Sold $1,050,000 -27.6% --
03/09/2020 03/09/20 Pending -- -- --
06/21/2019 06/21/19 For Sale $1,450,000 -- --
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 $4,172 $488,931 $229,579 $259,352
2023 $6,188 $455,275 $209,878 $245,397
2022 $5,656 $415,954 $189,761 $226,193
2021 $5,091 $384,384 $175,809 $208,575
2020 $5,024 $382,968 $174,393 $208,575
2019 $8,170 $629,736 $435,662 $194,074
2018 $7,795 $639,757 $455,943 $183,814
2017 $8,047 $651,103 $481,408 $169,695
2016 $8,418 $642,000 $485,258 $156,742
2015 $8,339 $642,000 $485,258 $156,742
2014 $10,012 $712,452 $567,594 $144,858
2013 $10,550 $641,746 $496,888 $144,858
Source: Public Records

Agents Affiliated with this Home

  • Teri Bauer

    Seller's Agent in 2020

    Teri Bauer

    RE/MAX ASSOCIATES

    (402) 649-1314

    236 Total Sales

    Teri Bauer
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Map

Source: Norfolk Board of REALTORS®

MLS Number: 200220

Norfolk Board of REALTORS®

APN: 590142496

Nebraska Madison County Norfolk 68701

83724 551 Ave, Norfolk, NE

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