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508 S 116th St; Omaha, NE Property Details

508 S 116th St, Omaha, NE is a Single Family that was built in 1963. This property is currently a cash purchase and is not for sale. Our records show that 508 S 116th St has 3 bedrooms, and 2.5 bathrooms, and a total of 2,693 square feet. The lot size of 508 S 116th St is 14,338 square feet.

Off market
508 S 116th St Omaha, NE 68154
$330,000 Estimated Value
3 Beds
2.5 Baths
2,693 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1963
  • Purchase Price: $214,500
  • Est. Equity / %: $440,000 / 100%
  • Gross Yield: 7.765%
  • APN: 3431-0570-17
  • Situs County: Douglas
  • Length Of Ownership: 20 years, 5 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Total Rooms: 7
  • Partial Bathrooms: 1

Structure

  • Building Style: Frame
  • Stories: 2
  • 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: 2,693/SqFt
  • Lot: 14,338/SqFt
  • Gross: 3,743/SqFt
  • Garage: 484/SqFt
  • Living: 2,693/SqFt
  • Basement: 1,166/SqFt
  • Building: 3,743/SqFt
  • Basement Finished: 600/SqFt
  • Garage Unfinished: 484/SqFt
  • Basement Unfinished: 566/SqFt
  • Price Per Square Foot: $79.65

Legal Description

  • Description: MEADOW LANE 2ND ADD LOT 15 BLOCK 4 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: 41.254993 / -96.09481
  • Subdivision: Meadow Lane 2nd Add
  • Property Class: Residential
  • Zoning: R2
  • County Use Code: 351

Amenities

  • Plus Four: 3109
  • Bathroom Fixtures: 3
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 2

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

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

Taxes

508 S 116th St has 10 associated Taxes items

508 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 $330,000. The APN we've located for 508 S 116th St is 3431-0570-17.

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Taxes
  • Assessed Value:  $330,000
  • Assessed Year:  2025
  • Assessed County:  Douglas
  • APN:  3431-0570-17
  • Assessed Land Value:  34200
  • Market Land Value:  34200
  • Tax Amount:  4938.5
  • Tax Year:  2024
  • Market Value:  330000
  • Market Year:  2025

Tax History

508 S 116th St has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $330,000 Land Value $34,200 Improvement Value $295,800 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $305,400 Land Value $34,200 Improvement Value $271,200 Tax Amount $4,938.5 Change Rate -0.233547% Assessed CR Tax Rate +0.016171%
Year 2023 Assessed Value $305,400 Land Value $34,200 Improvement Value $271,200 Tax Amount $6,443.32 Change Rate +0.148149% Assessed CR Tax Rate +0.021098%
Year 2022 Assessed Value $262,900 Land Value $34,200 Improvement Value $228,700 Tax Amount $5,611.92 Change Rate +0.005086% Assessed CR Tax Rate +0.021346%
Year 2021 Assessed Value $263,800 Land Value $34,200 Improvement Value $229,600 Tax Amount $5,583.52 Change Rate -0.013617% Assessed CR Tax Rate +0.021166%
Year 2020 Assessed Value $264,400 Land Value $34,200 Improvement Value $230,200 Tax Amount $5,660.6 Change Rate -0.002959% Assessed CR Tax Rate +0.021409%
Year 2019 Assessed Value $264,400 Land Value $34,200 Improvement Value $230,200 Tax Amount $5,677.4 Change Rate +0.11788% Assessed CR Tax Rate +0.021473%
Year 2018 Assessed Value $236,200 Land Value $34,200 Improvement Value $202,000 Tax Amount $5,078.72 Change Rate Assessed CR Tax Rate +0.021502%
Year 2017 Assessed Value $236,200 Land Value $34,200 Improvement Value $202,000 Tax Amount Change Rate Assessed CR Tax Rate
Year 2016 Assessed Value $187,800 Land Value $21,700 Improvement Value $166,100 Tax Amount $4,029.82 Change Rate Assessed CR Tax Rate +0.021458%
Year 2015 Assessed Value $175,500 Land Value $20,300 Improvement Value $155,200 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $175,500 Land Value $20,300 Improvement Value $155,200 Tax Amount $3,715.44 Change Rate Assessed CR Tax Rate +0.021171%