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507 S 116th St; Omaha, NE Property Details

507 S 116th St, Omaha, NE is a Single Family that was built in 1964. This property is currently Financed and is not for sale. Our records show that 507 S 116th St has 3 bedrooms, and 3 bathrooms, and a total of 2,433 square feet. The lot size of 507 S 116th St is 17,545 square feet.

For Rent
507 S 116th St Omaha, NE 68154
$2,600 Listing Price
3 Beds
3 Baths
2,433 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1964
  • Purchase Price: $245,000
  • Open Loans / Balance: 1 / $130,974
  • Est. Equity / %: $311,026 / 70.37%
  • Gross Yield: 8.096%
  • APN: 3431-0510-17
  • Situs County: Douglas
  • Length Of Ownership: 8 years, 8 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full Bathrooms: 3
  • Total Rooms: 6

Structure

  • Building Style: Frame
  • Stories: 1
  • Exterior Wall Type: Wood Siding
  • Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.)
  • Building Condition: Average
  • Building Quality: C
  • Roof Type: Gable
  • Roof Cover Type: Composition Shingle
  • Deck: true

Measurements

  • Total: 2,433/SqFt
  • Lot: 17,545/SqFt
  • Gross: 3,384/SqFt
  • Garage: 1/SqFt
  • Living: 2,433/SqFt
  • Basement: 1,636/SqFt
  • Building: 3,339/SqFt
  • Ground: 1,703/SqFt
  • Basement Finished: 730/SqFt
  • Basement Unfinished: 906/SqFt
  • Price Per Square Foot: $100.70

Legal Description

  • Description: MEADOW LANE 2ND ADD LOT 6 BLOCK 1 IRREG
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Omaha Public Schools
  • Lat / Lon: 41.254692 / -96.09423
  • Subdivision: Meadow Lane 2nd Add
  • Property Class: Residential
  • Zoning: R2
  • County Use Code: 351

Amenities

  • Plus Four: 3108
  • Bathroom Fixtures: 3
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Underground/Basement
  • Heating: Central
  • Parking: 1

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

507 S 116th St has no associated ownership info
507 S 116th St has no associated ownership info.

Taxes

507 S 116th St has 10 associated Taxes items

507 S 116th St, Omaha, NE pays taxes in Douglas County, NE. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $316,600. The APN we've located for 507 S 116th St is 3431-0510-17.

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Taxes
  • Assessed Value:  $316,600
  • Assessed Year:  2025
  • Assessed County:  Douglas
  • APN:  3431-0510-17
  • Assessed Land Value:  34700
  • Market Land Value:  34700
  • Tax Amount:  5145.44
  • Tax Year:  2024
  • Market Value:  316600
  • Market Year:  2025

Tax History

507 S 116th St has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $316,600 Land Value $34,700 Improvement Value $281,900 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $318,200 Land Value $34,700 Improvement Value $283,500 Tax Amount $5,145.44 Change Rate -0.233552% Assessed CR Tax Rate +0.01617%
Year 2023 Assessed Value $318,200 Land Value $34,700 Improvement Value $283,500 Tax Amount $6,713.36 Change Rate +0.167837% Assessed CR Tax Rate +0.021098%
Year 2022 Assessed Value $269,300 Land Value $34,700 Improvement Value $234,600 Tax Amount $5,748.54 Change Rate +0.240166% Assessed CR Tax Rate +0.021346%
Year 2021 Assessed Value $219,000 Land Value $34,700 Improvement Value $184,300 Tax Amount $4,635.3 Change Rate +0.026113% Assessed CR Tax Rate +0.021166%
Year 2020 Assessed Value $211,000 Land Value $34,700 Improvement Value $176,300 Tax Amount $4,517.34 Change Rate -0.002958% Assessed CR Tax Rate +0.021409%
Year 2019 Assessed Value $211,000 Land Value $34,700 Improvement Value $176,300 Tax Amount $4,530.74 Change Rate +0.199287% Assessed CR Tax Rate +0.021473%
Year 2018 Assessed Value $175,700 Land Value $34,700 Improvement Value $141,000 Tax Amount $3,777.86 Change Rate Assessed CR Tax Rate +0.021502%
Year 2017 Assessed Value $175,700 Land Value $34,700 Improvement Value $141,000 Tax Amount Change Rate Assessed CR Tax Rate
Year 2016 Assessed Value $178,100 Land Value $24,200 Improvement Value $153,900 Tax Amount $3,472.06 Change Rate Assessed CR Tax Rate +0.019495%
Year 2015 Assessed Value $166,400 Land Value $22,600 Improvement Value $143,800 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $166,400 Land Value $22,600 Improvement Value $143,800 Tax Amount $354.8 Change Rate Assessed CR Tax Rate +0.002132%