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407 North Commercial Street

407 North Commercial Street, Weeping Water, NE 68463
Property in Cass
Sold Dec 06, 2019
$48,000
$45,600 by First Nebraska Bank
Mortgage Due Jan 01, 2050
Sold Feb 21, 2018
$18,000
407 North Commercial Street has been categorized by the local assessors in Weeping Water, NE as a residential type of property. The building on the property was first built in 1890 and is 134 years old. However, we must point out that the home was most recently renovated and altered in 2010. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 407 North Commercial Street has 1,144 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,320 ft and across the front of the lot is 660 ft. The area measurement of the land has been determined as 8,712 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 garage for those who require parking. The garage measured 400 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a porch. 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 C+ by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 407 North Commercial Street sold most recently in Aug 26, 2019 for a total of $48,000. If you work out the math, that's approximately a cost of $41.96 per sqft. Before that, the property was also sold for $18,000 in Feb 20, 2018. 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 $1,126 in taxes each year. 407 North Commercial Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $56,510. If we break it down further, the land itself was valued at $9,235. Improvements to the property, however, were assessed at a total of $47,275. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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: 1890
  • Effective Year Built: 2010
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 792
  • Parking Type: Attached
  • Garage Type: Garage
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 8,712
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 660
  • Total Building Area: 1,144
  • Gross Building Area: 1,144
  • Building Area: 1,144
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,144
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WEEPING WATER
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WEEPING WATER - OT LOT 4 BLK 45

Ownership

  • Current Owner : OLIVER BRANDON JAMES
  • Current Owner 2: HAUSCHILD JUSTIN LEE
  • Previous Owner : SCHNEIDER CONNIE J
  • Previous Owner 2: MEYER KENNETH R
  • Owner Before Previous Owner: MEYER KENNETH R

Neighborhood

  • School District Name: Weeping Water Public Schools
  • School Tax School District: 20 WEEPING WATE
  • Census Tract: 965900

Zoning

  • Zoning: 01-SINGLE

Geography

  • Assessors Map Reference: 3477-00-0-25005
  • District: 3477
  • Parcel: 130060313
  • Block: 45
  • Lot: 4
  • Municipality: WEEPING WATER CITY
  • Latitude: 40.8736
  • Longitude: -96.1434

    Address

  • Full Address: 407 N Commercial St
  • Address - House Number: 407
  • Street Direction: N
  • Address - Street Name: Commercial
  • Address - Suffix Type: St
  • State: NE
  • City Name: Weeping Water
  • Carrier Code: R308
  • 4-Digit Zip Code: 4228
  • Zip Code: 68463

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,126
  • Tax Rate Code Area: 20 WEEPING

    Appraisal Valuation

  • Standard Deviation: 0.238
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 72,039
  • High Value: 89,192
  • Low Value: 54,887

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $60,600
  • First Open Lien Mortgage Lender: FIRST NEBRASKA BANK
  • First Open Lien Mortgage Recording Date: Dec 06, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $45,600
  • 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, 2050
  • Second Open Lien Mortgage Lender: FIRST NEBRASKA BANK
  • Second Open Lien Mortgage Recording Date: Aug 01, 2023
  • Second Open Lien Mortgage Loan Amount: $15,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Aug 01, 2053

    Market Valuation

  • Market Total Value: $56,510
  • Market Land Value: $9,235
  • Market Improvement Value: $47,275

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $56,510
  • Assessed Land Value: $9,235
  • Assessed Improvements Value: $47,275

    Sales

  • Current Sale Contract Date: Aug 26, 2019
  • Current Sale Recording Date: Dec 06, 2019
  • Current Sale Transaction ID: 11712324521
  • Current Sale Price: $48,000
  • Current Sale Document Type: Personal Representatives Deed
  • Current Sale Input Document Number: 2019-05298
  • Previous Sale Recording Date: Feb 21, 2018
  • Previous Sale Contract Date: Feb 20, 2018
  • Previous Sale Amount: $18,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST NEBRASKA BANK
  • First Mortgage Transaction Date: Dec 06, 2019
  • First Mortgage Loan Amount: $45,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Weeping Water



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Frequently Asked Questions

What neighborhood is 407 North Commercial Street located in?
The 407 North Commercial Street is a located in the neighborhood of Cass in Weeping Water, Weeping Water.
What is the average sales price for listings in 407 North Commercial Street?
The average sales price for units in 407 North Commercial Street is $0 currently.

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