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4055 Teri Lane

4055 Teri Lane, Lincoln, NE 68502
House in Bishop Park
Sold Jun 26, 2019
$211,000
$207,178 by Lincoln Federal Savings Bank O
Mortgage Due Jul 01, 2049
Sold Dec 14, 2012
$159,000
Local assessors in Lincoln, NE have categorized 4055 Teri Lane as a residential type of property. The home was built in 1967 and is 57 years old. The property's lot size has been calculated to be 8,987 square feet. The linear feet between the front and back of the lot was measured at 1,380 ft and the front of the lot was measured at 650 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. 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 are 3 full bathrooms. There are also 5 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 4055 Teri Lane has a total of 1,928 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 partial basement that is 553 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 attached garage for those who need a place to park their vehicle. The garage on the property is 483 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 hip style roof that was made of composition shingle. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 4055 Teri Lane sold most recently in Jun 24, 2019 for a total of $211,000. If you work out the math, that's approximately a cost of $85.63 per sqft. Before that, the property was also sold for $159,000 in Dec 6, 2012. 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 $4,016 in taxes each year. 4055 Teri Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $265,500. If we break it down further, the land itself was valued at $55,000. Improvements to the property, however, were assessed at a total of $210,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1967
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 3
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 553
  • Garage Type: Attached
  • Garage Square Area: 483
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,987
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 650
  • Total Building Area: 2,464
  • Gross Building Area: 2,464
  • Building Area: 1,928
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,928
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VALLEY VIEW ADDITION
  • Land Acres: 0.206
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VALLEY VIEW ADDITION, BLOCK 7, LOT 9

Ownership

  • Current Owner : GARRATT REBECCA
  • Previous Owner : FISHER MARY S
  • Owner Before Previous Owner: LIESCH MICHAEL P
  • Owner Before Previous Owner 2: LIESCH MICHELLE M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Parcel: 16-06-304-010-000
  • Block: 7
  • Lot: 9
  • Latitude: 40.7722
  • Longitude: -96.6784

    Address

  • Full Address: 4055 Teri Ln
  • Address - House Number: 4055
  • Address - Street Name: Teri
  • Address - Suffix Type: Ln
  • State: NE
  • City Name: Lincoln
  • Carrier Code: C027
  • 4-Digit Zip Code: 5952
  • Zip Code: 68502

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,016
  • Tax Rate Code Area: 0001

    Appraisal Valuation

  • Standard Deviation: 0.1511
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 81
  • Final Value: 303,569
  • High Value: 349,457
  • Low Value: 257,680

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $232,238
  • First Open Lien Mortgage Lender: LINCOLN FEDERAL SAVINGS BANK O
  • First Open Lien Mortgage Recording Date: Jun 26, 2019
  • First Open Lien Mortgage Loan Amount: $207,178
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2049
  • Second Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Second Open Lien Mortgage Recording Date: Mar 11, 2024
  • Second Open Lien Mortgage Loan Amount: $25,060
  • Second Open Lien Mortgage Term: 303
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Jul 01, 2049

    Market Valuation

  • Market Total Value: $265,500
  • Market Land Value: $55,000
  • Market Improvement Value: $210,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $265,500
  • Assessed Land Value: $55,000
  • Assessed Improvements Value: $210,500

    Sales

  • Current Sale Contract Date: Jun 24, 2019
  • Current Sale Recording Date: Jun 26, 2019
  • Current Sale Transaction ID: 11621479173
  • Current Sale Price: $211,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019022733
  • Previous Sale Recording Date: Dec 14, 2012
  • Previous Sale Contract Date: Dec 06, 2012
  • Previous Sale Amount: $159,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LINCOLN FEDERAL SAVINGS BANK O
  • First Mortgage Transaction Date: Jun 26, 2019
  • First Mortgage Loan Amount: $207,178
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2049

About Bishop Park



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Frequently Asked Questions

What neighborhood is 4055 Teri Lane located in?
The 4055 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 4055 Teri Lane?
The average sales price for units in 4055 Teri Lane is $0 currently.

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