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1002 North 40th Street

1002 North 40th Street, Omaha, NE 68131
Property in Bemis Park
Refi Sep 07, 2021
Transfer
$370,500 by Omaha Fcu
Mortgage Due Oct 01, 2036
1002 North 40th Street has been categorized by the local assessors in Omaha, NE as a residential type of property. The building on the property was first built in 1952 and is 72 years old. The home has a total of 16 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1002 North 40th Street has 3,440 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 750 ft. The area measurement of the land has been determined as 7,500 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of brick. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. 1002 North 40th Street was last assessed in 2023. The total value of the property was assessed at $269,600. Specifically, the land the property is located on was valued at $13,600. While improvements on the property were assessed at a total of $256,000. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,846. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 16
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 4
  • Basement Type: Unfinished basement
  • Basement Area: 100
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,540
  • Gross Building Area: 3,540
  • Building Area: 3,440
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,440
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WALNUT HILL
  • Land Acres: 0.172
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: WALNUT HILL LOT 16 BLOCK 13 S 1/2 LTS 15 & 75 X 100

Ownership

  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Omaha Public Schools
  • Census Tract: 004900

Zoning

  • Zoning: R7

Geography

  • Account Number: R2406640000
  • Parcel: 0664-0000-24
  • Block: 13
  • Lot: 16
  • Latitude: 41.2692
  • Longitude: -95.9732

    Address

  • Full Address: 1002 N 40th St
  • Address - House Number: 1002
  • Street Direction: N
  • Address - Street Name: 40th
  • Address - Suffix Type: St
  • State: NE
  • City Name: Omaha
  • Carrier Code: C022
  • 4-Digit Zip Code: 1176
  • Zip Code: 68131

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,846

    Appraisal Valuation

  • Standard Deviation: 0.4685
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 6
  • Final Value: 274,583
  • High Value: 403,226
  • Low Value: 145,939

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $370,500
  • First Open Lien Mortgage Lender: OMAHA FCU
  • First Open Lien Mortgage Recording Date: Sep 07, 2021
  • First Open Lien Mortgage Loan Amount: $370,500
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2036

    Market Valuation

  • Market Total Value: $269,600
  • Market Land Value: $13,600
  • Market Improvement Value: $256,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $269,600
  • Assessed Land Value: $13,600
  • Assessed Improvements Value: $256,000

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Frequently Asked Questions

What neighborhood is 1002 North 40th Street located in?
The 1002 North 40th Street is a located in the neighborhood of Bemis Park in Midtown, Omaha.
What is the average sales price for listings in 1002 North 40th Street?
The average sales price for units in 1002 North 40th Street is $0 currently.

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