2224 South Locust Street

2224 South Locust Street has been categorized by the local assessors in Grand Island, NE as a commercial type of property. The building on the property was first built in 1980 and is 44 years old. However, we must point out that the home was most recently renovated and altered in 1994. This is a single story building so stairs are not necessary to access other parts of the home. The linear feet between the front and back of the lot is 740 ft and across the front of the lot is 1,090 ft. The area measurement of the land has been determined as 8,061 square feet.

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". For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 546 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as excellent. 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 exterior walls of the building are made of stucco. The inside of the home is being cooled with a packaged air conditioning unit at the moment. In terms of heating, it is utilizing a heat pump. 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, 2224 South Locust Street sold most recently in Jan 4, 2019 for a total of $370,000. If you work out the math, that's approximately a cost of $129.82 per sqft. Before that, the property was also sold for $220,000 in Dec 19, 2016. 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 $4,513 in taxes each year. 2224 South Locust Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $234,657. If we break it down further, the land itself was valued at $30,229. Improvements to the property, however, were assessed at a total of $204,428. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.