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5725 Madison Avenue

5725 Madison Avenue, Lincoln, NE 68507
Property in University Place
Sold Sep 18, 2020
Transfer
$143,220 by Gershman Investment Corp
Mortgage Due Oct 01, 2050
Sold Aug 30, 2018
$140,000
$137,464 by Charter West Bank
Mortgage Due Sep 01, 2048
5725 Madison Avenue in Lincoln, NE was first built in 1942 and is 82 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 ranch/rambler style. It is a single story home. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 5725 Madison Avenue has 1,084 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 720 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,420. In total, the area measurement of the land is 7,107 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 detached garage. The garage is 280 sqft. There is one available parking space. 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 D. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Prior to that sales transaction, the property was sold for $140,000 in Aug 23, 2018. Current property owners are expected to pay $2,552 in taxes per year. The property on 5725 Madison Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $167,400. To break that down further, the land itself was valued at $40,000. While improvements to the property were assessed at a total of $127,400. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1942
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 720
  • Garage Type: Detached
  • Garage Square Area: 280
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,107
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,454
  • Gross Building Area: 1,454
  • Building Area: 1,084
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,084
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: UNIVERSITY PLACE
  • Land Acres: 0.163
  • Standard Land Use Code: Single family residential
  • Legal Description 1: UNIVERSITY PLACE, BLOCK 64, LOT 3

Ownership

  • Current Owner : GRUNDMAN CHRISTINA L
  • Previous Owner : KAST KENT S
  • Previous Owner 2: KAST NANCY L
  • Owner Before Previous Owner: RIGGS STETSON R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lincoln Public Schools
  • Census Tract: 000201

Zoning

  • Zoning: R2

Geography

  • Parcel: 17-16-115-003-000
  • Block: 64
  • Lot: 3
  • Latitude: 40.8401
  • Longitude: -96.6421

    Address

  • Full Address: 5725 Madison Ave
  • Address - House Number: 5725
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: NE
  • City Name: Lincoln
  • Carrier Code: C023
  • 4-Digit Zip Code: 2355
  • Zip Code: 68507

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,552
  • Tax Rate Code Area: 0001

    Appraisal Valuation

  • Standard Deviation: 0.1834
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 76
  • Final Value: 207,282
  • High Value: 245,312
  • Low Value: 169,251

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $143,220
  • First Open Lien Mortgage Lender: GERSHMAN INVESTMENT CORP
  • First Open Lien Mortgage Recording Date: Sep 18, 2020
  • First Open Lien Mortgage Loan Amount: $143,220
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2050

    Market Valuation

  • Market Total Value: $167,400
  • Market Land Value: $40,000
  • Market Improvement Value: $127,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $167,400
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $127,400

    Sales

  • Current Sale Contract Date: Sep 08, 2020
  • Current Sale Recording Date: Sep 18, 2020
  • Current Sale Transaction ID: 11787887611
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 2020047831
  • Previous Sale Recording Date: Aug 30, 2018
  • Previous Sale Contract Date: Aug 23, 2018
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: Survivorship Deed

    Last Sale Mortgage

  • First Mortgage Lender: GERSHMAN INVESTMENT CORP
  • First Mortgage Transaction Date: Sep 18, 2020
  • First Mortgage Loan Amount: $143,220
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Oct 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: CHARTER WEST BANK
  • Previous Mortgage Transaction Date: Aug 30, 2018
  • Previous Mortgage Loan Amount: $137,464
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Sep 01, 2048

About University Place



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Frequently Asked Questions

What neighborhood is 5725 Madison Avenue located in?
The 5725 Madison Avenue is a located in the neighborhood of University Place in University Place, Lincoln.
What is the average sales price for listings in 5725 Madison Avenue?
The average sales price for units in 5725 Madison Avenue is $0 currently.

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