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701 South 53rd Street

701 South 53rd Street, Lincoln, NE 68510
House in Lancaster
Sold Aug 06, 2018
$172,000
$188,000 by Pennymac Loan Services Llc
Mortgage Due Dec 01, 2051
Sold Mar 12, 2004
$125,000
$110,000 by Tierone Bank
Mortgage Due Apr 01, 2034
701 South 53rd Street in Lincoln, NE was first built in 1955 and is 69 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, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 701 South 53rd Street has 1,524 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 240 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 700 ft and the linear feet between the front and back of the lot is 1,400. In total, the area measurement of the land is 9,891 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The roof of the home is made of asphalt and ply sheets in a built-up roof style. For those who need parking, there is a attached garage. The garage is 506 sqft. There are a total of 2 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 average. The exterior walls of the home are made of rock and stone. 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. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 701 South 53rd Street sold most recently in Jul 27, 2018 for a total of $172,000. If you work out the math, that's approximately a cost of $75.77 per sqft. Before that, the property was also sold for $125,000 in Jan 28, 2004. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,587 in taxes each year. 701 South 53rd Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $237,100. If we break it down further, the land itself was valued at $40,000. Improvements to the property, however, were assessed at a total of $197,100. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Rock and stone
  • Roof Cover Type: Built-up
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 240
  • Garage Type: Attached
  • Garage Square Area: 506
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,891
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,270
  • Gross Building Area: 2,390
  • Building Area: 1,524
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,524
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RANDOLPH ACRES
  • Land Acres: 0.227
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RANDOLPH ACRES, LOT 71, S10 & N1/2 LOT 72

Ownership

  • Current Owner : FERRIS KAITLIN
  • Current Owner 2: FERRIS TRAVIS
  • Previous Owner : MURPHY TERRI K
  • Owner Before Previous Owner: VANSLYKE GAIL E
  • Owner Before Previous Owner 2: VANSLYKE CONNIE R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lincoln Public Schools
  • School Tax School District: 55-0001 LINCOLN
  • Census Tract: 001400

Zoning

  • Zoning: R2

Geography

  • Parcel: 17-29-222-013-000
  • Lot: 71,72
  • Municipality: LINCOLN
  • Latitude: 40.8069
  • Longitude: -96.648

    Address

  • Full Address: 701 S 53rd St
  • Address - House Number: 701
  • Street Direction: S
  • Address - Street Name: 53rd
  • Address - Suffix Type: St
  • State: NE
  • City Name: Lincoln
  • Carrier Code: C016
  • 4-Digit Zip Code: 2057
  • Zip Code: 68510

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,587
  • Tax Rate Code Area: 0001

    Appraisal Valuation

  • Standard Deviation: 0.1688
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 78
  • Final Value: 257,532
  • High Value: 301,027
  • Low Value: 214,038

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $218,000
  • First Open Lien Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Open Lien Mortgage Recording Date: Dec 13, 2021
  • First Open Lien Mortgage Loan Amount: $188,000
  • 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: Dec 01, 2051
  • Second Open Lien Mortgage Lender: UNIVERSITY OF KENTUCKY FEDERAL
  • Second Open Lien Mortgage Recording Date: Apr 19, 2023
  • Second Open Lien Mortgage Loan Amount: $30,000
  • Second Open Lien Mortgage Term: 84
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: May 01, 2030

    Market Valuation

  • Market Total Value: $237,100
  • Market Land Value: $40,000
  • Market Improvement Value: $197,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $237,100
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $197,100

    Sales

  • Current Sale Contract Date: Jul 27, 2018
  • Current Sale Recording Date: Aug 06, 2018
  • Current Sale Transaction ID: 11490459785
  • Current Sale Price: $172,000
  • Current Sale Document Type: Personal Representatives Deed
  • Current Sale Input Document Number: 2018030656
  • Previous Sale Recording Date: Mar 12, 2004
  • Previous Sale Contract Date: Jan 28, 2004
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LINCOLN FEDERAL SAVINGS BANK O
  • First Mortgage Transaction Date: Aug 06, 2018
  • First Mortgage Loan Amount: $168,884
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: TIERONE BANK
  • Previous Mortgage Transaction Date: Mar 12, 2004
  • Previous Mortgage Loan Amount: $110,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Apr 01, 2034

About Lincoln



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Frequently Asked Questions

What neighborhood is 701 South 53rd Street located in?
The 701 South 53rd Street is a house located in the neighborhood of Lancaster in Lincoln, Lincoln.
What is the average sales price for listings in 701 South 53rd Street?
The average sales price for units in 701 South 53rd Street is $0 currently.

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