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2208 South 56th Street

2208 South 56th Street, Lincoln, NE 68506
Property in Lancaster
Sold Dec 30, 2021
$150,000
$135,000 by Delmar Financial Co
Mortgage Due Jan 01, 2052
Sold Nov 05, 2021
$138,000
$110,400 by West Gate Bank
Mortgage
Local assessors in Lincoln, NE have categorized 2208 South 56th Street as a residential type of property. The home was built in 1900 and is 124 years old. The property's lot size has been calculated to be 7,499 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2208 South 56th Street has a total of 1,044 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 708 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 240 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of composition shingle. Lots of unknown were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2208 South 56th Street was last sold in Dec 27, 2021 for $150,000. According to our calculations, that's $85.62 per sqft. Prior to that sales transaction, the property was sold for $138,000 in Nov 4, 2021. Current property owners are expected to pay $2,354 in taxes per year. The property on 2208 South 56th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $147,800. To break that down further, the land itself was valued at $28,000. While improvements to the property were assessed at a total of $119,800. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Unknown
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 708
  • Garage Type: Detached
  • Garage Square Area: 240
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,499
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,752
  • Gross Building Area: 1,896
  • Building Area: 1,044
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,044
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SECOND ADDITION TO NORMAL
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SECOND ADDITION TO NORMAL, BLOCK 16, LOT 13, & W1/2 VAC ALLEY ADJ

Ownership

  • Current Owner : IVERSON HALLIE MAE
  • Previous Owner : 916 PROPERTIES LLC
  • Owner Before Previous Owner: ELLINGSON ANDREW B
  • Owner Before Previous Owner 2: ELLINGSON HEIDI J

Neighborhood

  • School District Name: Lincoln Public Schools
  • School Tax School District: 55-0001 LINCOLN
  • Census Tract: 001302

Zoning

  • Zoning: R2

Geography

  • Parcel: 17-33-307-002-000
  • Block: 16
  • Lot: 13
  • Municipality: LINCOLN
  • Latitude: 40.7901
  • Longitude: -96.6438

    Address

  • Full Address: 2208 S 56th St
  • Address - House Number: 2208
  • Street Direction: S
  • Address - Street Name: 56th
  • Address - Suffix Type: St
  • State: NE
  • City Name: Lincoln
  • Carrier Code: C011
  • 4-Digit Zip Code: 2112
  • Zip Code: 68506

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,354
  • Tax Rate Code Area: 0001

    Appraisal Valuation

  • Standard Deviation: 0.1978
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 73
  • Final Value: 192,956
  • High Value: 231,134
  • Low Value: 154,778

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $135,000
  • First Open Lien Mortgage Lender: DELMAR FINANCIAL CO
  • First Open Lien Mortgage Recording Date: Dec 30, 2021
  • First Open Lien Mortgage Loan Amount: $135,000
  • 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: Jan 01, 2052

    Market Valuation

  • Market Total Value: $147,800
  • Market Land Value: $28,000
  • Market Improvement Value: $119,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $147,800
  • Assessed Land Value: $28,000
  • Assessed Improvements Value: $119,800

    Sales

  • Current Sale Contract Date: Dec 27, 2021
  • Current Sale Recording Date: Dec 30, 2021
  • Current Sale Transaction ID: 11876032542
  • Current Sale Price: $150,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021075312
  • Previous Sale Recording Date: Nov 05, 2021
  • Previous Sale Contract Date: Nov 04, 2021
  • Previous Sale Amount: $138,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: DELMAR FINANCIAL CO
  • First Mortgage Transaction Date: Dec 30, 2021
  • First Mortgage Loan Amount: $135,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: WEST GATE BANK
  • Previous Mortgage Transaction Date: Nov 05, 2021
  • Previous Mortgage Loan Amount: $110,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Lincoln



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 2208 South 56th Street located in?
The 2208 South 56th Street is a located in the neighborhood of Lancaster in Lincoln, Lincoln.
What is the average sales price for listings in 2208 South 56th Street?
The average sales price for units in 2208 South 56th Street is $0 currently.

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