2 months on rocket

4942 Madison Ave, Lincoln, NE, 68508

$350,000

Home List Price

$4,156*

Closing Credit

0 Baths
Multi

Location

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4942 Madison Ave, Lincoln$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOff-Street Parking
Year Built1887
HeatingNatural Gas, Forced Air
CoolingCentral Air, Other, Window Unit(s)
BasementYes
MLS #22423667
StatusActive
(ACTIVE)

About 4942 Madison Ave

Check out this Magnificent Mansion conversion to 4-plex with 4640 finished sqft & covered front porch on large, corner double lot. Amazing investment opportunity across street from Wesleyan University! Fully rented for total of $4090/mo. 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, gorgeous windows and built-ins; several bonus sinks; easy access to main floor laundry. 2nd Floor has two separate apartments = Apt #2 is a super spacious 3 bed that's been beautifully remodeled; Apt #2A is large studio apartment with 3/4 bath; 3rd floor apartment is huge 1+bed with separate exterior access. Main floor laundry access on back of house for all tenants; off street and street parking. Residential MLS #22423664

Property Details

Property Features

Property Information:

  • Year Built: 1887

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Basement: Yes
  • Interior: Laundry Facilities

Exterior Features

Exterior Information:

  • Exterior: Porch, Covered Deck

Parking Information:

  • Parking: Off-Street Parking

Lot Features

Lot Information:

  • Lot: Corner Lot, Level

Utilities

Utilities Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000

Tax Information:

  • Annual Amount: $4,487
  • Tax Year: 2020
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Housing Market Comparison

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

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Lincoln, NE

City

Med. Sold Price

$289.5K

Med. Price/SqFt

$157

Avg. Days On Market

19

# of Sold Homes

268

4942 Madison Ave vs Lincoln

69 DAYS ON ROCKET

+50 Days

$350,000

+$60.5K More

KEY TAKEAWAY

This property is $60.5K more than the Median Sold Price in Lincoln, NE.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #22423667

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: 11/21/2024, 9:20:51 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

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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-425106
4
/10

  • Huntington Elementary School

  • 2900 N 46th St

  • 0.24 miles

  • Public District Grades PK-5

school-card-donut-425107
4
/10

  • Brownell Elementary School

  • 6000 Aylesworth Ave

  • 0.96 miles

  • Public District Grades PK-5

school-card-donut-425108
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. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

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 home was built in 1887. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $350,000.

Over 63 listings were sold over their listed price in October 2024 in Lincoln, NE. In the same period over 114 listings were sold below the listed price and 81 listings were sold for the listed price. The inventory of homes for sale in Lincoln, NE between September 2024 and October 2024 increased by 10%. In October 2024 median list price was $289,500 and the average listing age was 19 days.

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

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