5509 Franklin Street

House in Lancaster
Off Market

5509 Franklin Street, Lincoln, NE 68506

$228,000
 for Sale at 5509 Franklin Street, Lincoln, NE 68506

23

 for Sale at 5509 Franklin Street, Lincoln, NE 68506
 for Sale at 5509 Franklin Street, Lincoln, NE 68506
 for Sale at 5509 Franklin Street, Lincoln, NE 68506
$228,000
3
Beds
Bath
Half Bath
1,380
Ft²
$165
$/ft²
Acres
Cap Rate
Est. Monthly
Cap Rate
6.18%
Est. Monthly
$1,346
Welcome to your newly renovated home! Inside, you'll find fresh paint, beautiful refinished hardwood floors, and new tile flooring in the kitchen and bathroom. Upstairs, two spacious bedrooms with ample storage await, while the updated kitchen boasts stainless steel appliances and ample counter space. The lower level features new carpet, a large living room, and an additional bedroom with egress window. The laundry room is freshly painted and includes plenty of storage, and washer and dryer included. The property also features an extra deep 1-stall garage with attached shed, a large fenced backyard. Don't miss out on this comfortable and stylish home - contact us today to schedule a viewing!

The manager has listed the unit...

LISTING AGENT


Building Info

Overview

This property was built in 1952.

General

  • Year Built

    1952
  • Actual Year Built

    1952
  • Total Rooms

    0.00
  • Bedroom Count

    2
  • Bathroom Count

    3.00
  • Full Bathrooms

    2.00
  • Partial Bathrooms

    1.00
  • Bathroom Fixture Number

    9.00
  • Building Condition

    6
  • Building Quality

    8
  • Construction Type

    frame
  • Building Style

    ranch/rambler 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

    finished improved basement
  • Basement Area

    780.00
  • Garage Type

    detached garage
  • Garage Square Area

    280.00
  • Parking Space Count

    1.00
  • Patio Type

    -
  • Porch Type

    -
  • Pool Type

    -

Dimensions

  • Lot Size Square Feet

    6,534
  • Lot Size Depth Feet

    1420
  • Lot Size Frontage Feet

    450
  • Total Building Area

    780.00
  • Gross Building Area

    0.00
  • Building Area

    780.00
  • Building Area Source

    L

Heating

  • Fireplace Count

    0.00
  • Air Conditioning Type

    air conditioning
  • Heat Code

    a forced air unit
  • Heated Square Feet

    780.00
  • Heating Fuel Type

    -

Codes

  • Sewer System

    -
  • Water Service Type

    -

Building

Building codes and types
  • Building Type

    -
  • Property Class ID

    residential
  • Subdivision

    SECOND ADDITION TO NORMAL
  • Land Acres

    0.15
  • Standard Land Use Code

    single family residential
  • County Land Use Code

    R101
  • Legal Description 1

    SECOND ADDITION TO NORMAL, BLOCK 7, LOT 5

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

    001500

Zoning

The zoning code for this property is R2.
  • Zoning

    R2

Geography

The property is located in zip code 68506.
  • Parcel

    17-32-222-005-000
  • Block

    7
  • Lot

    5
  • Municipality

    LINCOLN
  • Latitude

    40.7933
  • Longitude

    -96.645

Address

  • Full Address

    5509 Franklin St
  • Address - House Number

    5509
  • Address - Street Name

    Franklin
  • Address - Suffix Type

    St
  • State

    NE
  • City Name

    Lincoln
  • Carrier Code

    C007
  • 4-Digit Zip Code

    2146
  • Zip Code

    68506

Valuation

The assessed value of this property is $144,500.
  • Timestamp

    Dec 06, 2021
  • UCID Flag

    C
  • Total Area

    0.00
  • Standard Deviation

    0

Tax

  • Tax Year

    2021
  • Tax Amount

    $2,909
  • Tax Rate Code Area

    0001

Open Liens

  • Total Open Liens

    1
  • Total Open Liens Amount

    $63,000

Market Valuation

  • Market Total Value

    $144,500
  • Market Land Value

    $35,000
  • Market Improvement Value

    $109,500

Appraisal Valuation

  • Valuation Date

    Dec 01, 2021
  • Confidence Score

    79
  • Final Value

    173,508
  • High Value

    202,274
  • Low Value

    144,742

Assessments Valuation

  • Assessed Year

    2021
  • Assessed Total Value

    $144,500
  • Assessed Land Value

    $35,000
  • Assessed Improvements Value

    $109,500

Sales

  • Current Sale Contract Date

    20111118
  • Current Sale Recording Date

    20111129
  • Current Sale Transaction ID

    1189624362
  • Current Sales Price

    $93,000
  • Current Sale Document Type

    Warranty Deed
  • Current Sale Input Document Number

    2011052970
  • Sale Date

    20070301
  • Previous Sale Contract Date

    20070222
  • Previous Sale Type of Sales Price

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

    $101,000
  • Previous Sale Document Type

    71

Mortgages

  • First Current Mortgage Lender

    HOMESERVICES LENDING LLC
  • First Current Mortgage Transaction Date

    20111129
  • First Current Mortgage Loan Amount

    $63,000
  • First Current Mortgage Terms

    360
  • First Current Mortgage Loan Type

    New Conventional
  • First Current Mortgage Loan Due Date

    20411201
  • Second Current Mortgage Loan Amount

    $0
  • Second Current Mortgage Terms

    0

Open Lien Mortgages

  • First Open Lien Mortgage Lender

    HOMESERVICES LENDING LLC
  • First Open Lien Mortgage Recording Date

    20111129
  • First Open Lien Mortgage Loan Amount

    $63,000
  • 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

    20411201
  • Second Open Lien Mortgage Loan Amount

    $0
  • Second Open Lien Mortgage Term

    0
  • Second Open Lien Mortgage Position

    0
  • 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

    LINCOLN FEDERAL SAVINGS BANK O
  • Previous Mortgage Transaction Date

    20070301
  • Previous Mortgage Loan Amount

    $80,800
  • Previous Mortgage Term

    360
  • Previous Mortgage Loan Type

    Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date

    20370301

Home Features

Rooms

Basement

HVAC

Central A/CForced Air

Ownership

Current Owner 2

Mcentarffer Janelle K

Previous Owner

Bayer Gwen M

Previous Owner 2

Bayer Russell J

Price History

Date/EventEventPrice
Mar 22, 2023 No longer availableNo longer available-
Mar 18, 2023 Listed by SimpliCity Real EstateListed by SimpliCity Real Estate$228,000
Dec 24, 2022 No longer availableNo longer available-
Dec 21, 2022 Listed by Keller Williams LincolnListed by Keller Williams Lincoln$150,000
Nov 29, 2011 SoldSold$93,000

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$16,800
ExpensesPer Year
$2,712
Operating ProfitPer Year
$14,088
Cap rate
6.18%

Price Estimate

$264,000$230,795$197,591
20232024202520262027
Current Asking Price

$228,000

HopScore Market Price

$230,795

The current asking price is $2,795.75 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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$1,340/mo

  • 2 Beds
  • 2 Baths
  • 1,147 ft²
Alena Court 72nd & Van Dorn Streets #2900 S 72nd Street 14, Lincoln, Ne, 68506Listing by Manager
Unit for rent at 5121 Pioneers Blvd #5121 Pioneers Blvd, Lincoln, Ne, 68516

$1,550/mo

  • 3 Beds
  • 2 Baths
  • 1,258 ft²
5121 Pioneers Blvd #5121 Pioneers Blvd, Lincoln, Ne, 68516Listing by Manager


Local assessors in Lincoln, NE have categorized 5509 Franklin Street as a residential type of property. The home was built in 1952 and is 71 years old. The property's lot size has been calculated to be 6,534 square feet. Specifically, the linear feet between the front and back of the lot was measured at 1,420 ft and the front of the lot was measured at 450 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler 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, 2 have been legally categorized as bedrooms. For more details...

Frequently Asked Questions

What neighborhood is 5509 Franklin Street located in?
The 5509 Franklin Street is a located in the neighborhood of Lancaster in Lincoln, Lincoln.
How many units are currently for sale in 5509 Franklin Street?
5509 Franklin 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 5509 Franklin Street?
The average sales price for units in 5509 Franklin Street is $228,000, or $165/sqft.
How long on average are units in 5509 Franklin Street on the market?
Units in 5509 Franklin Street are usually on the market for an average of 9 days with an average asking price of $228,000.

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