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5120 South 71st Street

5120 South 71st Street, Lincoln, NE 68516
Sold Aug 07, 2023
$393,000
$314,400 by Rocket Mortgage Llc
Mortgage Due Sep 01, 2053
Sold Sep 23, 2020
$295,000
$200,000 by Regent Financial Group Inc
Mortgage Due Oct 01, 2050
5120 South 71st Street in Lincoln, NE was first built in 1988 and is 36 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 3 partial bathrooms. 5120 South 71st Street has 2,442 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. The basement is 934 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 840 ft and the linear feet between the front and back of the lot is 1,330. In total, the area measurement of the land is 10,289 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 506 sqft. There are a total of 2 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 frame 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 average. 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 heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter 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, 5120 South 71st Street was last sold in Jul 31, 2023 for $393,000. According to our calculations, that's $119.74 per sqft. Prior to that sales transaction, the property was sold for $295,000 in Aug 27, 2020. Current property owners are expected to pay $4,983 in taxes per year. The property on 5120 South 71st Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $319,800. To break that down further, the land itself was valued at $68,000. While improvements to the property were assessed at a total of $251,800. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1988
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 1
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Unknown
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 934
  • Garage Type: Attached
  • Garage Square Area: 506
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,289
  • Lot Size Depth Feet: 1,330
  • Lot Size Frontage Feet: 840
  • Total Building Area: 3,282
  • Gross Building Area: 3,282
  • Building Area: 2,442
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,442
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EDENTON ADDITION
  • Land Acres: 0.236
  • Standard Land Use Code: Single family residential
  • Legal Description 1: EDENTON ADDITION, BLOCK 2, LOT 16

Ownership

  • Current Owner : ERWIN ADAM
  • Current Owner 2: ERWIN SARAH
  • Previous Owner : LARABEE JACQUELINE L
  • Owner Before Previous Owner: ALLEN HOLLY
  • Owner Before Previous Owner 2: ALLEN JEREMIAH
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Lincoln Public Schools
  • Census Tract: 003724

Zoning

  • Zoning: R1

Geography

  • Parcel: 16-10-302-016-000
  • Block: 2
  • Lot: 16
  • Latitude: 40.7606
  • Longitude: -96.6231

    Address

  • Full Address: 5120 S 71st St
  • Address - House Number: 5120
  • Street Direction: S
  • Address - Street Name: 71st
  • Address - Suffix Type: St
  • State: NE
  • City Name: Lincoln
  • Carrier Code: R038
  • 4-Digit Zip Code: 4311
  • Zip Code: 68516

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,983
  • Tax Rate Code Area: 0001

    Appraisal Valuation

  • Standard Deviation: 0.1665
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 78
  • Final Value: 380,005
  • High Value: 443,287
  • Low Value: 316,723

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $314,400
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Aug 07, 2023
  • First Open Lien Mortgage Loan Amount: $314,400
  • 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: Sep 01, 2053

    Market Valuation

  • Market Total Value: $319,800
  • Market Land Value: $68,000
  • Market Improvement Value: $251,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $319,800
  • Assessed Land Value: $68,000
  • Assessed Improvements Value: $251,800

    Sales

  • Current Sale Contract Date: Jul 31, 2023
  • Current Sale Recording Date: Aug 07, 2023
  • Current Sale Transaction ID: 11910823487
  • Current Sale Price: $393,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 23055
  • Previous Sale Recording Date: Sep 23, 2020
  • Previous Sale Contract Date: Aug 27, 2020
  • Previous Sale Amount: $295,000
  • Previous Sale Document Type: Joint Tenancy Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Aug 07, 2023
  • First Mortgage Loan Amount: $314,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: REGENT FINANCIAL GROUP INC
  • Previous Mortgage Transaction Date: Sep 23, 2020
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2050

About Family Acres



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Nearby Rentals

Unit for rent at

$1,800 /mo

  • 3 Beds
  • 2.5 Baths
Listing by Manager
Unit for rent at

$1,800 /mo

  • 4 Beds
  • 3 Baths
  • 2,023 ft²
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Frequently Asked Questions

What neighborhood is 5120 South 71st Street located in?
The 5120 South 71st Street is a house located in the neighborhood of Family Acres in Family Acres, Lincoln.
What is the average sales price for listings in 5120 South 71st Street?
The average sales price for units in 5120 South 71st Street is $294,500 , or $121/sqft. currently.

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