3 months on rocket

4942 Madison Ave, Lincoln, NE, 68508

$350,000

Home List Price

$4,156*

Closing Credit

8 Bedrooms
4 Full Baths
4,640 SqFt
$75/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

4942 Madison Ave, Lincoln$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingOff-Street Parking
Year Built1887
HeatingForced Air, Natural Gas
CoolingCentral Air, Window Unit(s)
BasementYes
MLS #22423664
Lot Size0.23 Acres
StatusActive
(ACTIVE)

About 4942 Madison Ave

Magnificent Mansion conversion to 4-plex with 4640 finished sqft & covered front porch on corner of large, double lot. Amazing investment opportunity one block from Wesleyan University! Currently gets $4090/mo in rent. Massive main floor 4-bed apartment rents by room to 4 tenants & boasts newer high-efficency furnace, hardwood floors, updated kitchen, huge family room area with gorgeous windows and built-ins; easy access to main floor laundry. 2nd Floor has 2 separate apartments - Apt #2 super spacious 3 bed, beautifully remodeled; Apt #2A big studio apartment with 3/4 bath; 3rd floor huge 1+bed apartment. Main floor laundry; off street & street parking. Multi MLS #22423667

Property Details

Property Features

Property Information:

  • Architectural Style: 2.5 Story
  • Year Built: 1887
  • Stories: 2
  • Living Area: 4,640 SqFt

Listing Office:

  • Office Name: Nebraska Realty
  • Office Phone: (402) 320-4663
  • Listing Agent: Gena R. Schriver

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Exterior: Porch, Patio, Extra Parking Slab, Separate Entrance, Covered Patio

Parking Information:

  • Parking: Off-Street Parking

Lot Features

Lot Information:

  • Lot: Corner Lot, Level
  • Lot Size: 0.23 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air, Window Unit(s)

Other

Directions Information:

  • Directions: 48th and Madison, East to property

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000
  • Price Per SqFt: $75/SqFt

Tax Information:

  • Annual Amount: $4,487
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Lincoln, NE.

Map thumbnail provided by MapBox

Lincoln, NE

City

Med. Sold Price

$299K

Med. Price/SqFt

$152

Avg. Days On Market

17

# of Sold Homes

267

4942 Madison Ave vs Lincoln

100 DAYS ON ROCKET

+83 Days

$350,000

+$51K More

$75/SqFt

-$78 Less

KEY TAKEAWAY

This property is $51K more than the Median Sold Price and $78/SqFt less than other homes in Lincoln, NE.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #22423664

Listing Office:

  • Office Name: Nebraska Realty
  • Office Phone: (402) 320-4663
  • Listing Agent: Gena R. Schriver

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,487$234,800
2019$2,879$150,000
2018$2,642$150,000
2017$2,656$136,400

History based on county public records data.

Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-998227
4
/10

  • Huntington Elementary School

  • 2900 N 46th St

  • 0.24 miles

  • Public District Grades PK-5

school-card-donut-998228
4
/10

  • Brownell Elementary School

  • 6000 Aylesworth Ave

  • 0.96 miles

  • Public District Grades PK-5

school-card-donut-998229
4
/10

  • Pershing Elementary School

  • 6402 Judson St

  • 1.03 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,361. Most Lincoln, NE residents have annual incomes less than $35k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4942 Madison Ave

What is the listing price of this property?

The listing price of 4942 Madison Ave property is $350,000.

What type of property is this?

The property 4942 Madison Ave is a house located in Lincoln, Nebraska, 68508.

Is this property for sale now?

Active Listing: 4942 Madison Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,487 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 4942 Madison Ave has 8 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 4942 Madison Ave is 4,640 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4942 Madison Ave is 1887.

Rocket Homes›Nebraska›Lancaster County›Lincoln›68508›4942 Madison Ave

This home is located at 4942 Madison Ave in Lincoln, NE and zip code 68508 in the University Place neighborhood. This 4,640 square foot home, which was built in 1887, sits on a 0.23 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $350,000.

In November 2024, from all listings sold in Lincoln, NE there were more than 43 sold above asking price, over 139 sold below and more than 71 were sold right at the asked price. The number of listings in Lincoln, NE decreased by 0.5% between October 2024 and November 2024. In November 2024 median list price was $299,000 and the average listing age was 17 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources