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525 Fairacres Road

525 Fairacres Road, Omaha, NE 68132
Property in Fairacres
525 Fairacres Road in Omaha, NE was first built in 1914 and is 110 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 raised ranch style. It is a single story home. This is a single bedroom home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 525 Fairacres Road has 482 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 2,688 sqft and has been categorized as a unknown. In total, the area measurement of the land is 65,597 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a unknown on the property. The home has a hip style roof made of tile. For those who need parking, there is a attached garage. The garage is 960 sqft. There are a total of 4 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 fair. The exterior walls of the home are made of a combination of material. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. 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 central heating 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. Before that, the property was also sold for $1,200,000 in Jun 7, 2019. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $13,386 in taxes each year. 525 Fairacres Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $632,700. If we break it down further, the land itself was valued at $580,500. Improvements to the property, however, were assessed at a total of $52,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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. 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.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20180905
09/05/2018
Studio
-
-
-
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 1914
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: Fair
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Raised Ranch
  • Exterior Walls Type: Combination
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 2,688
  • Garage Type: Attached
  • Garage Square Area: 960
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 65,597
  • Total Building Area: 1,442
  • Gross Building Area: 1,442
  • Building Area: 482
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 482
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FAIRACRES ADD
  • Land Acres: 1.506
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FAIRACRES ADD LOT 59 BLOCK 0 -EX E 107.24 FT- IRREG

Ownership

  • Current Owner : SMITH PAUL G
  • Current Owner 2: SMITH ANNETTE L
  • Previous Owner : LOCKWOOD CONSTRUCTION LLC
  • Owner Before Previous Owner: SWEETBRIAR II LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Nov 06, 2023

Neighborhood

  • School District Name: Omaha Public Schools
  • Census Tract: 004700

Zoning

  • Zoning: R1

Geography

  • Account Number: R1029410002
  • Parcel: 2941-0002-10
  • Lot: 59
  • Latitude: 41.2636
  • Longitude: -96.0098

    Address

  • Full Address: 525 Fairacres Rd
  • Address - House Number: 525
  • Address - Street Name: Fairacres
  • Address - Suffix Type: Rd
  • State: NE
  • City Name: Omaha
  • Carrier Code: C034
  • 4-Digit Zip Code: 2711
  • Zip Code: 68132

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,386

    Appraisal Valuation

  • Standard Deviation: 0.1779
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 76
  • Final Value: 744,908
  • High Value: 877,452
  • Low Value: 612,363

    Market Valuation

  • Market Total Value: $632,700
  • Market Land Value: $580,500
  • Market Improvement Value: $52,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $632,700
  • Assessed Land Value: $580,500
  • Assessed Improvements Value: $52,200

    Sales

  • Current Sale Contract Date: Apr 25, 2022
  • Current Sale Recording Date: May 10, 2022
  • Current Sale Transaction ID: 11889668944
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 47425
  • Previous Sale Recording Date: Jun 17, 2019
  • Previous Sale Contract Date: Jun 07, 2019
  • Previous Sale Amount: $1,200,000
  • Previous Sale Document Type: Special Warranty Deed

About Central Omaha



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Frequently Asked Questions

What neighborhood is 525 Fairacres Road located in?
The 525 Fairacres Road is a other located in the neighborhood of Fairacres in Central Omaha, Omaha.
What is the average sales price for listings in 525 Fairacres Road?
The average sales price for units in 525 Fairacres Road is $0 currently.

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