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523 S 118th St; Omaha, NE Property Details

523 S 118th St, Omaha, NE is a Single Family that was built in 1967. This property is currently Financed and is not for sale. Our records show that 523 S 118th St has 4 bedrooms, and 2.5 bathrooms, and a total of 2,875 square feet. The lot size of 523 S 118th St is 10,270 square feet.

Off market
523 S 118th St Omaha, NE 68154
$381,700 Estimated Value
4 Beds
2.5 Baths
2,875 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1967
  • Purchase Price: $253,000
  • Open Loans / Balance: 1 / $144,539
  • Est. Equity / %: $310,461 / 68.23%
  • Gross Yield: 9.257%
  • APN: 3431-0588-17
  • Situs County: Douglas
  • Length Of Ownership: 8 years, 3 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Total Rooms: 8
  • Partial Bathrooms: 1

Structure

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

Measurements

  • Total: 2,875/SqFt
  • Lot: 10,270/SqFt
  • Gross: 3,986/SqFt
  • Garage: 1/SqFt
  • Living: 2,875/SqFt
  • Basement: 1,854/SqFt
  • Building: 3,770/SqFt
  • Ground: 1,916/SqFt
  • Basement Finished: 959/SqFt
  • Basement Unfinished: 895/SqFt
  • Price Per Square Foot: $88.00

Legal Description

  • Description: MEADOW LANE 2ND ADD LOT 9 BLOCK 5 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: 41.25429 / -96.09794
  • Subdivision: Meadow Lane 2nd Add
  • Property Class: Residential
  • Zoning: R2
  • County Use Code: 351

Amenities

  • Plus Four: 3110
  • 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

523 S 118th St has no associated ownership info
523 S 118th St has no associated ownership info.

Taxes

523 S 118th St has 10 associated Taxes items

523 S 118th 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 $381,700. The APN we've located for 523 S 118th St is 3431-0588-17.

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Taxes
  • Assessed Value:  $381,700
  • Assessed Year:  2025
  • Assessed County:  Douglas
  • APN:  3431-0588-17
  • Assessed Land Value:  33400
  • Market Land Value:  33400
  • Tax Amount:  5960.56
  • Tax Year:  2024
  • Market Value:  381700
  • Market Year:  2025

Tax History

523 S 118th St has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $381,700 Land Value $33,400 Improvement Value $348,300 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $368,600 Land Value $33,400 Improvement Value $335,200 Tax Amount $5,960.56 Change Rate -0.233536% Assessed CR Tax Rate +0.016171%
Year 2023 Assessed Value $368,600 Land Value $33,400 Improvement Value $335,200 Tax Amount $7,776.7 Change Rate +0.189786% Assessed CR Tax Rate +0.021098%
Year 2022 Assessed Value $306,200 Land Value $33,400 Improvement Value $272,800 Tax Amount $6,536.22 Change Rate +0.090821% Assessed CR Tax Rate +0.021346%
Year 2021 Assessed Value $283,100 Land Value $33,400 Improvement Value $249,700 Tax Amount $5,992.02 Change Rate +0.006403% Assessed CR Tax Rate +0.021166%
Year 2020 Assessed Value $278,100 Land Value $33,400 Improvement Value $244,700 Tax Amount $5,953.9 Change Rate -0.002957% Assessed CR Tax Rate +0.021409%
Year 2019 Assessed Value $278,100 Land Value $33,400 Improvement Value $244,700 Tax Amount $5,971.56 Change Rate +0.253839% Assessed CR Tax Rate +0.021473%
Year 2018 Assessed Value $221,500 Land Value $33,400 Improvement Value $188,100 Tax Amount $4,762.62 Change Rate Assessed CR Tax Rate +0.021502%
Year 2017 Assessed Value $221,500 Land Value $33,400 Improvement Value $188,100 Tax Amount Change Rate Assessed CR Tax Rate
Year 2016 Assessed Value $195,300 Land Value $18,600 Improvement Value $176,700 Tax Amount $4,190.76 Change Rate Assessed CR Tax Rate +0.021458%
Year 2015 Assessed Value $182,500 Land Value $17,400 Improvement Value $165,100 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $182,500 Land Value $17,400 Improvement Value $165,100 Tax Amount $3,863.62 Change Rate Assessed CR Tax Rate +0.021171%