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4050 Teri Lane

4050 Teri Lane, Lincoln, NE 68502
House in Bishop Park
Sold Jun 12, 2019
$225,000
$184,500 by Quicken Loans Llc
Mortgage Due Aug 01, 2036
Sold Dec 11, 2017
$240,000
$230,000 by West Gate Bank
Mortgage
4050 Teri Lane has been categorized by the local assessors in Lincoln, NE as a residential type of property. The building on the property was first built in 1966 and is 58 years old. The home comes with a single bedroom. Residents will have access to 2 full bathrooms. There are 4 partial bathrooms in the home. In addition, 4050 Teri Lane has 2,419 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement with daylight that is 1,201 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 linear feet between the front and back of the lot is 950 ft and across the front of the lot is 900 ft. The area measurement of the land has been determined as 10,794 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. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 528 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. 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 style roof made of composition shingle. The exterior walls of the building are made of a combination of material. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. 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, 4050 Teri Lane was last sold in Jun 10, 2019 for $225,000. According to our calculations, that's $72.63 per sqft. Prior to that sales transaction, the property was sold for $240,000 in Dec 4, 2017. Current property owners are expected to pay $4,368 in taxes per year. The property on 4050 Teri Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $300,600. To break that down further, the land itself was valued at $50,000. While improvements to the property were assessed at a total of $250,600. 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. 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!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: 1966
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 4
  • Full Bathrooms: 2
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Living Units: 1
  • Basement Type: Partial basement with daylight
  • Basement Area: 1,201
  • Garage Type: Attached
  • Garage Square Area: 528
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,794
  • Lot Size Depth Feet: 950
  • Lot Size Frontage Feet: 900
  • Total Building Area: 3,098
  • Gross Building Area: 3,098
  • Building Area: 2,419
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,419
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VALLEY VIEW ADDITION
  • Land Acres: 0.248
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VALLEY VIEW ADDITION, BLOCK 5, LOT 5

Ownership

  • Current Owner : NUSS MELISSA M
  • Current Owner 2: SPIRE ROBERT R
  • Previous Owner : LITTLE ROBERT
  • Owner Before Previous Owner: SHAFFER JAMES DEVID
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lincoln Public Schools
  • Census Tract: 002702

Zoning

  • Zoning: R1

Geography

  • Parcel: 16-06-306-005-000
  • Block: 5
  • Lot: 5
  • Latitude: 40.7722
  • Longitude: -96.6777

    Address

  • Full Address: 4050 Teri Ln
  • Address - House Number: 4050
  • Address - Street Name: Teri
  • Address - Suffix Type: Ln
  • State: NE
  • City Name: Lincoln
  • Carrier Code: C027
  • 4-Digit Zip Code: 5941
  • Zip Code: 68502

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,368
  • Tax Rate Code Area: 0001

    Appraisal Valuation

  • Standard Deviation: 0.1513
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 81
  • Final Value: 324,153
  • High Value: 373,213
  • Low Value: 275,092

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $184,500
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Jul 20, 2021
  • First Open Lien Mortgage Loan Amount: $184,500
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2036

    Market Valuation

  • Market Total Value: $300,600
  • Market Land Value: $50,000
  • Market Improvement Value: $250,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $300,600
  • Assessed Land Value: $50,000
  • Assessed Improvements Value: $250,600

    Sales

  • Current Sale Contract Date: Jun 10, 2019
  • Current Sale Recording Date: Jun 12, 2019
  • Current Sale Transaction ID: 11617616667
  • Current Sale Price: $225,000
  • Current Sale Document Type: Personal Representatives Deed
  • Current Sale Input Document Number: 2019020599
  • Previous Sale Recording Date: Dec 11, 2017
  • Previous Sale Contract Date: Dec 04, 2017
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: Jun 12, 2019
  • First Mortgage Loan Amount: $180,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: WEST GATE BANK
  • Previous Mortgage Transaction Date: Dec 11, 2017
  • Previous Mortgage Loan Amount: $230,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Bishop Park



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$1,275 /mo

  • 1 Bed
  • 1 Bath
  • 750 ft²
Listing by Campbell & Cullom

Frequently Asked Questions

What neighborhood is 4050 Teri Lane located in?
The 4050 Teri Lane is a house located in the neighborhood of Bishop Park in Bishop Park, Lincoln.
What is the average sales price for listings in 4050 Teri Lane?
The average sales price for units in 4050 Teri Lane is $0 currently.

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