2416 South 16th Street

2416 South 16th Street in Omaha, NE was first built in 1890 and is 134 years old. This has been categorized as a commercial property type. For those interested in architecture, the building on the property was built in a high-rise style. There are a total of 2 floors. There are a total of 12 rooms in the home, of which, 24 are bedrooms. 2416 South 16th Street has 13,400 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 20,666 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a flat style roof made of asphalt and ply sheets in a built-up roof style. For those who need parking, there is a carport. The garage is 1,728 sqft. There are a total of 6 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as good. The exterior walls of the home are made of brick. While the interior walls are made of plaster. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. 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, 2416 South 16th Street sold most recently in Aug 14, 2023 for a total of $88,000. If you work out the math, that's approximately a cost of $4.38 per sqft. Before that, the property was also sold for $830,000 in Jun 21, 2021. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $18,742 in taxes each year. 2416 South 16th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $878,000. If we break it down further, the land itself was valued at $62,000. Improvements to the property, however, were assessed at a total of $816,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!