5230 S 51 Street

House in Lancaster
Off Market

5230 South 51st Street, Lincoln, NE 68516

$242,000
 for Sale at 5230 South 51st Street, Lincoln, NE 68516

34

 for Sale at 5230 South 51st Street, Lincoln, NE 68516
 for Sale at 5230 South 51st Street, Lincoln, NE 68516
 for Sale at 5230 South 51st Street, Lincoln, NE 68516
$242,000
3
Beds
2
Baths
Half Bath
1,444
Ft²
$168
$/ft²
Acres
Cap Rate
Est. Monthly
Cap Rate
5.60%
Est. Monthly
$1,459
Yes, please! This beautiful 3 bedroom 2 bathroom home is centrally located and has so much to offer with great lighting throughout, original wood floors, primary bedroom with 3/4 bath and walk-in closet, and so much more. Several updates since 2020 including kitchen, ceilings, paint, bathrooms, majority of privacy fence, roof '21, gutters and downspouts with high impact shingles. Kitchen appliances new '19. Bonus room/office just off spacious entry. Furnace & AC 2016. Gorgeous deck remodeled & landscaping additions 2022. The 1.5 stall garage has attached workshop & access door to huge backyard with shed. Great investment opportunity or place to call home! ***Showings begin Thursday 3/16 after 5 p.m.

The manager has listed the unit size...

LISTING AGENT

Amy WolslegerKeller Williams Lincoln[email protected]

Building Info

Overview

This property was built in 1964.

General

  • Year Built

    1964
  • Actual Year Built

    1964
  • Total Rooms

    0.00
  • Bedroom Count

    3
  • Bathroom Count

    2.00
  • Full Bathrooms

    2.00
  • Partial Bathrooms

    0.00
  • Bathroom Fixture Number

    8.00
  • Building Condition

    6
  • Building Quality

    7
  • Construction Type

    frame
  • Building Style

    multifamily style
  • Exterior Walls Type

    alum/vinyl siding
  • Interior Walls Type

    -
  • Roof Shape Type

    hip
  • Roof Cover Type

    composition shingle
  • Floor Count

    1
  • Business/Commerical Units Count

    0.00
  • Floor Cover

    -
  • Basement Type

    unspecified basement
  • Basement Area

    392.00
  • Garage Type

    build-in garage
  • Garage Square Area

    442.00
  • Parking Space Count

    1.00
  • Patio Type

    -
  • Porch Type

    -
  • Pool Type

    -

Dimensions

  • Lot Size Square Feet

    8,276
  • Lot Size Depth Feet

    1370
  • Lot Size Frontage Feet

    600
  • Total Building Area

    1,444
  • Gross Building Area

    0.00
  • Building Area

    1,444
  • Building Area Source

    L

Heating

  • Fireplace Count

    0.00
  • Air Conditioning Type

    air conditioning
  • Heat Code

    a forced air unit
  • Heated Square Feet

    1,444
  • Heating Fuel Type

    -

Codes

  • Sewer System

    -
  • Water Service Type

    -

Building

Building codes and types
  • Building Type

    -
  • Property Class ID

    residential
  • Subdivision

    WOODLAND TERRACE
  • Land Acres

    0.19
  • Standard Land Use Code

    single family residential
  • County Land Use Code

    R101
  • Legal Description 1

    WOODLAND TERRACE, BLOCK 2, LOT 19

Neighborhood

Community district, city council district, police precinct, and more.
  • School District Name

    Lincoln Public Schools
  • School Tax School District

    55-0001 LINCOLN
  • Census Tract

    002702

Zoning

The zoning code for this property is R2.
  • Zoning

    R2

Geography

The property is located in zip code 68516.
  • Parcel

    16-08-405-006-000
  • Block

    2
  • Lot

    19
  • Municipality

    LINCOLN
  • Latitude

    40.7607
  • Longitude

    -96.6499

Address

  • Full Address

    5230 S 51st St
  • Address - House Number

    5230
  • Street Direction

    S
  • Address - Street Name

    51st
  • Address - Suffix Type

    St
  • State

    NE
  • City Name

    Lincoln
  • Carrier Code

    C034
  • 4-Digit Zip Code

    2209
  • Zip Code

    68516

Valuation

The assessed value of this property is $173,200.
  • Timestamp

    Dec 06, 2021
  • UCID Flag

    C
  • Total Area

    0.00
  • Standard Deviation

    0

Tax

  • Tax Year

    2021
  • Tax Amount

    $3,487
  • Tax Rate Code Area

    0001

Open Liens

  • Total Open Liens

    2
  • Total Open Liens Amount

    $160,400

Market Valuation

  • Market Total Value

    $173,200
  • Market Land Value

    $45,000
  • Market Improvement Value

    $128,200

Appraisal Valuation

  • Valuation Date

    Dec 01, 2021
  • Confidence Score

    86
  • Final Value

    213,964
  • High Value

    240,672
  • Low Value

    187,256

Assessments Valuation

  • Assessed Year

    2021
  • Assessed Total Value

    $173,200
  • Assessed Land Value

    $45,000
  • Assessed Improvements Value

    $128,200

Sales

  • Current Sale Contract Date

    20140827
  • Current Sale Recording Date

    20140904
  • Current Sale Transaction ID

    1115487925
  • Current Sales Price

    $132,000
  • Current Sale Document Type

    Warranty Deed
  • Current Sale Input Document Number

    2014034030
  • Sale Date

    20100609
  • Previous Sale Contract Date

    20100603
  • Previous Sale Type of Sales Price

    Sales Price or Transfer Tax rounded by county prior to computation.
  • Sale Amount

    $126,000
  • Previous Sale Document Type

    71

Mortgages

  • First Current Mortgage Lender

    US BANK NA
  • First Current Mortgage Transaction Date

    20140904
  • First Current Mortgage Loan Amount

    $125,400
  • First Current Mortgage Terms

    360
  • First Current Mortgage Loan Type

    New Conventional
  • First Current Mortgage Loan Due Date

    20440901
  • Second Current Mortgage Loan Amount

    $0
  • Second Current Mortgage Terms

    0

Open Lien Mortgages

  • First Open Lien Mortgage Lender

    US BANK NA
  • First Open Lien Mortgage Recording Date

    20140904
  • First Open Lien Mortgage Loan Amount

    $125,400
  • 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

    20440901
  • Second Open Lien Mortgage Lender

    US BANK NA
  • Second Open Lien Mortgage Recording Date

    20191014
  • Second Open Lien Mortgage Loan Amount

    $35,000
  • Second Open Lien Mortgage Term

    180
  • Second Open Lien Mortgage Position

    2
  • Second Open Lien Mortgage Loan Type

    Closed-end Mortgage
  • Second Open Lien Mortgage Loan Due Date

    20340921
  • Third Open Lien Mortgage Loan Amount

    $0
  • Third Open Lien Mortgage Term

    0
  • Third Open Lien Mortgage Position

    0
  • Fourth Open Lien Mortgage Loan Amount

    $0
  • Fourth Open Lien Mortgage Term

    0
  • Fourth Open Lien Mortgage Position

    0

Previous Mortgages

  • Previous Mortgage Lender

    US BANK NA
  • Previous Mortgage Transaction Date

    20100609
  • Previous Mortgage Loan Amount

    $122,720
  • Previous Mortgage Term

    360
  • Previous Mortgage Loan Type

    New Conventional
  • Previous Mortgage Loan Due Date

    20400701

Home Features

Rooms

Basement

Outdoor Space

Deck

Appliances

CooktopDishwasherGarbage DisposalMicrowaveRefrigerator

HVAC

Central A/CForced Air

Ownership

Current Owner

Carlson Kenneth P

Current Owner 2

Carlson Sara K

Previous Owner

Klahn Elizabeth E

Price History

Date/EventEventPrice
Mar 21, 2023 No longer availableNo longer available-
Mar 15, 2023 Listed by Keller Williams LincolnListed by Keller Williams Lincoln$242,000
Sep 4, 2014 SoldSold$132,000

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$16,800
ExpensesPer Year
$3,252
Operating ProfitPer Year
$13,548
Cap rate
5.60%

Price Estimate

$285,000$244,786$204,573
20232024202520262027
Current Asking Price

$242,000

HopScore Market Price

$244,786

The current asking price is $2,786.65 below the HopScore market price.

Comparables

Unit
Status
TypeBedsBathsft²
Price/ft²
Price
Common Charges

Payment Calculator



Neighborhood

About Lancaster

Stats & Trends

The median asking price in Lancaster is $265,000.
  • Median Asking

    $265,000
  • Sale Price/ft²

    $144.75
  • Below Asking

    0.01%
  • Days on Market

    10

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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$1,350/mo

  • 1 Bed
  • 1 Bath
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4000 S 56th St #4000 S 56th St - 373A, Lincoln, Ne, 68506Listing by Manager
Unit for rent at 3348 South 42 Street #3348 South 42 Street, Lincoln, Ne, 68506

$1,500/mo

  • 2 Beds
  • 3 Baths
  • 908 ft²
3348 South 42 Street #3348 South 42 Street, Lincoln, Ne, 68506Listing by Manager
Unit for rent at Alena Court 72nd & Van Dorn Streets #2900 S 72nd Street 14, Lincoln, Ne, 68506

$1,340/mo

  • 2 Beds
  • 2 Baths
  • 1,147 ft²
Alena Court 72nd & Van Dorn Streets #2900 S 72nd Street 14, Lincoln, Ne, 68506Listing by Manager


Local assessors in Lincoln, NE have categorized 5230 South 51st Street as a residential type of property. The home was built in 1964 and is 59 years old. The property's lot size has been calculated to be 8,276 square feet. Specifically, the linear feet between the front and back of the lot was measured at 1,370 ft and the front of the lot was measured at 600 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. 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...

Frequently Asked Questions

What neighborhood is 5230 South 51st Street located in?
The 5230 South 51st Street is a located in the neighborhood of Lancaster in Lincoln, Lincoln.
How many units are currently for sale in 5230 South 51st Street?
5230 South 51st Street has a total of 1 units in the building. There are one units for sale right now.
What is the average sales price for units in 5230 South 51st Street?
The average sales price for units in 5230 South 51st Street is $242,000, or $168/sqft.
How long on average are units in 5230 South 51st Street on the market?
Units in 5230 South 51st Street are usually on the market for an average of 12 days with an average asking price of $242,000.

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