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16624 Farnam Street

16624 Farnam Street, Omaha, NE 68118
Property in West Omaha
Sold Aug 23, 2021
$400,000
$250,000 by Ark-la-tex Financial Services
Mortgage Due Sep 01, 2051
16624 Farnam 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 1999 and is 25 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 16624 Farnam Street has 2,552 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 1,520 ft and across the front of the lot is 810 ft. The area measurement of the land has been determined as 12,312 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bi-level 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. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 768 sqft. According to our sources, there are a total of 3 available parking spaces. 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 good. 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 frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of wood siding. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. 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. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 16624 Farnam Street sold most recently in Aug 9, 2021 for a total of $400,000. If you work out the math, that's approximately a cost of $87.45 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,835 in taxes each year. 16624 Farnam Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $370,700. If we break it down further, the land itself was valued at $58,000. Improvements to the property, however, were assessed at a total of $312,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Bi-level
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,254
  • Garage Type: Attached
  • Garage Square Area: 768
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 12,312
  • Lot Size Depth Feet: 1,520
  • Lot Size Frontage Feet: 810
  • Total Building Area: 4,574
  • Gross Building Area: 4,630
  • Building Area: 2,552
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,552
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CAMBRIDGE ESTATES
  • Land Acres: 0.283
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CAMBRIDGE ESTATES REPLAT LOT 42 BLOCK 0 IRREG

Ownership

  • Current Owner : HAYES TYLER
  • Current Owner 2: HAYES KRISTIN
  • Previous Owner : KROLL JAMES M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Millard Public Schools
  • Census Tract: 007446

Zoning

  • Zoning: R3

Geography

  • Account Number: R0739452882
  • Parcel: 3945-2882-07
  • Lot: 42
  • Latitude: 41.2566
  • Longitude: -96.1753

    Address

  • Full Address: 16624 Farnam St
  • Address - House Number: 16624
  • Address - Street Name: Farnam
  • Address - Suffix Type: St
  • State: NE
  • City Name: Omaha
  • Carrier Code: R059
  • 4-Digit Zip Code: 2613
  • Zip Code: 68118

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,835

    Appraisal Valuation

  • Standard Deviation: 0.181
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 76
  • Final Value: 456,561
  • High Value: 539,220
  • Low Value: 373,902

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $250,000
  • First Open Lien Mortgage Lender: ARK-LA-TEX FINANCIAL SERVICES
  • First Open Lien Mortgage Recording Date: Aug 23, 2021
  • First Open Lien Mortgage Loan Amount: $250,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2051

    Market Valuation

  • Market Total Value: $370,700
  • Market Land Value: $58,000
  • Market Improvement Value: $312,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $370,700
  • Assessed Land Value: $58,000
  • Assessed Improvements Value: $312,700

    Sales

  • Current Sale Contract Date: Aug 09, 2021
  • Current Sale Recording Date: Aug 23, 2021
  • Current Sale Transaction ID: 11859451877
  • Current Sale Price: $400,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021110883

    Last Sale Mortgage

  • First Mortgage Lender: ARK-LA-TEX FINANCIAL SERVICES
  • First Mortgage Transaction Date: Aug 23, 2021
  • First Mortgage Loan Amount: $250,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

About West Omaha



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Frequently Asked Questions

What neighborhood is 16624 Farnam Street located in?
The 16624 Farnam Street is a located in the neighborhood of West Omaha in West Omaha, Omaha.
What is the average sales price for listings in 16624 Farnam Street?
The average sales price for units in 16624 Farnam Street is $0 currently.

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