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205 West 1st Street

205 West 1st Street, Grand Island, NE 68801
Commercial in Hall
205 West 1st Street has been categorized by the local assessors in Grand Island, NE as a industrial type of property. The building on the property was first built in 1916 and is 108 years old. The building has a total of 2 stories. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 11,822 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 8,148 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. We know that this is 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". Moving on to the building itself. The condition of the building has been evaluated as fair. 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 concrete block 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 flat style roof made of roll composition. The exterior walls of the building are made of a combination of material. The inside of the home is being cooled with a chilled water air conditioning system at the moment. In terms of heating, it is utilizing a hot water heating system. The property was last sold in May 25, 2023 for $365,000. That's $61.75 per sqft. Prior to that sales transaction, the property was also sold in Jan 25, 2023 for $220,000. 205 West 1st Street was last assessed in 2023. The total value of the property was assessed at $204,821. Specifically, the land the property is located on was valued at $30,555. While improvements on the property were assessed at a total of $174,266. 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 $4,131. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200427
04/27/2020
Loft
-
17122 ft²
$250,000
bedrooms
Loft
bathrooms
-
square feet
17122 ft²
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1916
  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: Fair
  • Building Quality: C
  • Construction Type: Concrete block
  • Building Style: Multifamily
  • Exterior Walls Type: Combination
  • Roof Shape Type: Flat
  • Roof Cover Type: Roll composition
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 11,822
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,148
  • Total Building Area: 5,911
  • Gross Building Area: 5,911
  • Building Area: 5,911
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Chilled water air conditioning system
  • Heating: Hot water
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Industrial
  • Subdivision: ORIGINAL TOWN
  • Land Acres: 0.187
  • Standard Land Use Code: Warehouse (industrial)
  • Legal Description 1: ORIGINAL TOWN N 60' FR LTS 1 & 2 & N 60'OF E 24' OF LT 3 BLK 89; MAP NUMBER: 3315-00-0-10001-089-0009

Ownership

  • Current Owner : SNH HOLDINGS LLC
  • Previous Owner : FIDDLE LEAF DEVELOPMENT LLC
  • Owner Before Previous Owner: THOMPSON CHRIS
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Dec 22, 2023

Neighborhood

  • School District Name: Grand Island Public Schools
  • School Tax School District: GRAND ISLAND 2P
  • School Tax District Code 2: 40-0002
  • Census Tract: 001000

Zoning

  • Zoning: 03-COMMERC

Geography

  • District: 3315
  • Parcel: 400007320
  • Block: 89
  • Lot: 1,2,3
  • Municipality: GRAND ISLAND 2PD
  • Latitude: 40.9233
  • Longitude: -98.3402

    Address

  • Full Address: 205 W 1st St
  • Address - House Number: 205
  • Street Direction: W
  • Address - Street Name: 1st
  • Address - Suffix Type: St
  • State: NE
  • City Name: Grand Island
  • Carrier Code: C001
  • 4-Digit Zip Code: 6017
  • Zip Code: 68801

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,131
  • Tax Rate Code Area: 12

    Appraisal Valuation

  • Standard Deviation: 0.4531
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 9
  • Final Value: 250,156
  • High Value: 363,519
  • Low Value: 136,792

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $291,200
  • First Open Lien Mortgage Lender: FIRST NATIONAL BANK OF OMAHA
  • First Open Lien Mortgage Recording Date: May 30, 2023
  • First Open Lien Mortgage Loan Amount: $291,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $204,821
  • Market Land Value: $30,555
  • Market Improvement Value: $174,266

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $204,821
  • Assessed Land Value: $30,555
  • Assessed Improvements Value: $174,266

    Sales

  • Current Sale Contract Date: May 25, 2023
  • Current Sale Recording Date: May 30, 2023
  • Current Sale Transaction ID: 11907221318
  • Current Sale Price: $365,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2581
  • Previous Sale Recording Date: Feb 15, 2023
  • Previous Sale Contract Date: Jan 25, 2023
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST NATIONAL BANK OF OMAHA
  • First Mortgage Transaction Date: May 30, 2023
  • First Mortgage Loan Amount: $291,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: NEBRASKALAND NATIONAL BANK
  • Previous Mortgage Transaction Date: Feb 15, 2023
  • Previous Mortgage Loan Amount: $165,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Grand Island



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403 W 7th St #403 W 7th St, Grand Island, NE, 68801 Listing by Manager
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Frequently Asked Questions

What neighborhood is 205 West 1st Street located in?
The 205 West 1st Street is a commercial located in the neighborhood of Hall in Grand Island, Grand Island.
What is the average sales price for listings in 205 West 1st Street?
The average sales price for units in 205 West 1st Street is $0 currently.

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