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8114 North 40th Street

8114 North 40th Street, Omaha, NE 68112
Property in Florence
Sold Mar 31, 2020
$132,000
$129,609 by Gershman Investment Corp
Mortgage Due Apr 01, 2050
8114 North 40th Street has been categorized by the local assessors in Omaha, NE as a residential type of property. The building on the property was first built in 1932 and is 92 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 8114 North 40th Street has 1,594 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 864 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 4,840 ft and across the front of the lot is 700 ft. The area measurement of the land has been determined as 33,880 square feet.

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 carport for those who require parking. The garage measured 720 sqft. According to our sources, there are a total of 3 available parking spaces. Residents will have the luxury of enjoying both a unknown and a unknown. 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 C by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of a combination of material. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it 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. According to our sources, 8114 North 40th Street sold most recently in Mar 25, 2020 for a total of $132,000. If you work out the math, that's approximately a cost of $61.11 per sqft. 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 $3,228 in taxes each year. 8114 North 40th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $151,200. If we break it down further, the land itself was valued at $19,900. Improvements to the property, however, were assessed at a total of $131,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1932
  • Effective Year Built: 1932
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 864
  • Garage Type: Carport
  • Garage Square Area: 720
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 33,880
  • Lot Size Depth Feet: 4,840
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,160
  • Gross Building Area: 2,160
  • Building Area: 1,594
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,594
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NORTH SIDE ACRES
  • Land Acres: 0.778
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NORTH SIDE ACRES LOT 37 BLOCK 0 N 70 E 484.24 FT

Ownership

  • Current Owner : HINSLEY ELLIOT
  • Current Owner 2: SANCHEZ HANNAH
  • Previous Owner : SMITH BRIAN T
  • Previous Owner 2: SMITH CHRISTINE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Omaha Public Schools
  • Census Tract: 007304

Zoning

  • Zoning: DR

Geography

  • Account Number: R1842720000
  • Parcel: 4272-0000-18
  • Lot: 37
  • Latitude: 41.3317
  • Longitude: -95.9737

    Address

  • Full Address: 8114 N 40th St
  • Address - House Number: 8114
  • Street Direction: N
  • Address - Street Name: 40th
  • Address - Suffix Type: St
  • State: NE
  • City Name: Omaha
  • Carrier Code: C025
  • 4-Digit Zip Code: 1912
  • Zip Code: 68112

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,228

    Appraisal Valuation

  • Standard Deviation: 0.2284
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 68
  • Final Value: 231,576
  • High Value: 284,472
  • Low Value: 178,680

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $134,229
  • First Open Lien Mortgage Lender: GERSHMAN INVESTMENT CORP
  • First Open Lien Mortgage Recording Date: Mar 31, 2020
  • First Open Lien Mortgage Loan Amount: $129,609
  • 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: Apr 01, 2050
  • Second Open Lien Mortgage Lender: GERSHMAN INVESTMENT CORP
  • Second Open Lien Mortgage Recording Date: Mar 31, 2020
  • Second Open Lien Mortgage Loan Amount: $4,620
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2030

    Market Valuation

  • Market Total Value: $151,200
  • Market Land Value: $19,900
  • Market Improvement Value: $131,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $151,200
  • Assessed Land Value: $19,900
  • Assessed Improvements Value: $131,300

    Sales

  • Current Sale Contract Date: Mar 25, 2020
  • Current Sale Recording Date: Mar 31, 2020
  • Current Sale Transaction ID: 11762072403
  • Current Sale Price: $132,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020029767

    Last Sale Mortgage

  • First Mortgage Lender: GERSHMAN INVESTMENT CORP
  • First Mortgage Transaction Date: Mar 31, 2020
  • First Mortgage Loan Amount: $129,609
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2050

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Frequently Asked Questions

What neighborhood is 8114 North 40th Street located in?
The 8114 North 40th Street is a located in the neighborhood of Florence in North Omaha, Omaha.
What is the average sales price for listings in 8114 North 40th Street?
The average sales price for units in 8114 North 40th Street is $0 currently.

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