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5251 Prescott Avenue

5251 Prescott Avenue, Lincoln, NE 68506
Multifamily in Lancaster
Sold Nov 10, 2022
$325,000
$319,113 by Charter West Bank
Mortgage Due Dec 01, 2052
Sold Sep 08, 2020
$228,000
5251 Prescott Avenue has been categorized by the local assessors in Lincoln, NE as a residential type of property. The building on the property was first built in 1967 and is 57 years old. The home has a total of 4 bedrooms. Residents will have access to 4 full bathrooms. There are 7 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5251 Prescott Avenue has 2,832 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 1,632 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,570 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 7,855 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

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 detached garage for those who require parking. The garage measured 506 sqft. According to our sources, there are a total of 2 available parking spaces. 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 D by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of unknown. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. The property was last sold in Oct 26, 2022 for $325,000. That's $99.57 per sqft. Prior to that sales transaction, the property was also sold in Sep 3, 2020 for $228,000. 5251 Prescott Avenue was last assessed in 2023. The total value of the property was assessed at $245,700. Specifically, the land the property is located on was valued at $45,000. While improvements on the property were assessed at a total of $200,700. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,219. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 7
  • Full Bathrooms: 4
  • Partial Bathrooms: 7
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Duplex
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Partial basement
  • Basement Area: 1,632
  • Garage Type: Detached
  • Garage Square Area: 506
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,855
  • Lot Size Depth Feet: 1,570
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,264
  • Gross Building Area: 3,264
  • Building Area: 2,832
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,832
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FIRST ADDITION TO COLLEGE VIEW
  • Land Acres: 0.18
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: FIRST ADDITION TO COLLEGE VIEW, BLOCK 15, LOT 2

Ownership

  • Current Owner : COOK ADAM
  • Previous Owner : PERRY FAMILY REAL ESTATE LLC
  • Owner Before Previous Owner: NIEMEYER MARILYN M
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School Tax School District: 55-0001 LINCOLN
  • Census Tract: 002701

Zoning

  • Zoning: R4

Geography

  • Parcel: 16-05-422-002-000
  • Block: 15
  • Lot: 2
  • Municipality: LINCOLN
  • Latitude: 40.7726
  • Longitude: -96.648

    Address

  • Full Address: 5251 Prescott Ave
  • Address - House Number: 5251
  • Address - Street Name: Prescott
  • Address - Suffix Type: Ave
  • State: NE
  • City Name: Lincoln
  • Carrier Code: C002
  • 4-Digit Zip Code: 5436
  • Zip Code: 68506

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,219
  • Tax Rate Code Area: 0001

    Appraisal Valuation

  • Standard Deviation: 0.1954
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 73
  • Final Value: 338,809
  • High Value: 405,025
  • Low Value: 272,592

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $319,113
  • First Open Lien Mortgage Lender: CHARTER WEST BANK
  • First Open Lien Mortgage Recording Date: Nov 10, 2022
  • First Open Lien Mortgage Loan Amount: $319,113
  • 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: Dec 01, 2052

    Market Valuation

  • Market Total Value: $245,700
  • Market Land Value: $45,000
  • Market Improvement Value: $200,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $245,700
  • Assessed Land Value: $45,000
  • Assessed Improvements Value: $200,700

    Sales

  • Current Sale Contract Date: Oct 26, 2022
  • Current Sale Recording Date: Nov 10, 2022
  • Current Sale Transaction ID: 11898876069
  • Current Sale Price: $325,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 46308
  • Previous Sale Recording Date: Sep 08, 2020
  • Previous Sale Contract Date: Sep 03, 2020
  • Previous Sale Amount: $228,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CHARTER WEST BANK
  • First Mortgage Transaction Date: Nov 10, 2022
  • First Mortgage Loan Amount: $319,113
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2052

About Lincoln



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Frequently Asked Questions

What neighborhood is 5251 Prescott Avenue located in?
The 5251 Prescott Avenue is a multifamily located in the neighborhood of Lancaster in Lincoln, Lincoln.
What is the average sales price for listings in 5251 Prescott Avenue?
The average sales price for units in 5251 Prescott Avenue is $0 currently.

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