Sold for $249,000

$249,000

1505 S 40th St, Lincoln, NE 68506

4beds

2,116sqft

Single Family Residence

Built in 1955

6,534 Square Feet Lot

$256,700 Zestimate^®

$118/sqft

$2,088 Estimated rent

Home value

$256,700

$236,000 - $280,000

$2,088/mo

Zestimate^® history

Owner options

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$2,088/mo

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$2,088/mo

Rent Zestimate^®

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$1,739/mo

Est. payment

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$1,739/mo

Est. payment

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What's special

Fully fenced in yardSolid wood interior doorsDining room with built-ins

Over 2100 nicely finished sq ft under 250K? This Brick Mid-Century Ranch is calling your name! Located in the Devaney neighborhood, this turn-key home has a lot of high dollar items already taken care of for you. Furnace, AC & water heater were all replaced in 2023. All the windows are newer vinyl to help save on utility bills. Kitchen & bathroom were also recently remodeled. The main floor features 3 generously sized bedrooms, a nice living area, dining room with built-ins along with solid wood interior doors on the main level. Your basement is home to a very large 2nd living area, 4th fully conforming bedroom, half bath along with laundry and storage! Outside you've got a 1 stall attached garage, extra parking pad to fit multiple cars, large storage shed and fully fenced in yard. If you need more square footage for this kind of money, you'll be hard pressed to find anything built after 1920, making this home a GREAT VALUE. **Bonus - seller to have carpets installed in the basement**

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1
Main level bathrooms: 1

Primary bedroom

Level: Main

Bedroom 2

Level: Main

Bedroom 3

Level: Main

Bedroom 4

Level: Basement

Basement

Area: 1120

Heating

Natural Gas, Forced Air

Cooling

Central Air

Features

Basement: Egress,Full,Finished
Has fireplace: No

Interior area

Total structure area: 2,116
Total interior livable area: 2,116 sqft
Finished area above ground: 1,396
Finished area below ground: 720

Property

Parking

Total spaces: 1
Parking features: Attached, Extra Parking Slab
Attached garage spaces: 1
Has uncovered spaces: Yes

Features

Fencing: Wood,Full,Privacy

Lot

Size: 6,534 sqft
Dimensions: 136 x 52
Features: Up to 1/4 Acre.

Details

Additional structures: Shed(s)
Parcel number: 1731207001000

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Foundation: Block

Condition

Not New and NOT a Model
New construction: No
Year built: 1955

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & neighborhood

Location

Region: Lincoln
Subdivision: Devaney

Other

Other facts

Listing terms: VA Loan,FHA,Conventional,Cash
Ownership: Fee Simple

Price history

Date	Event	Price
12/29/2025	Sold	$249,000-0.4%$118/sqft
Source: GPRMLS #22533447 Report a problem
12/3/2025	Pending sale	$249,900$118/sqft
Source: GPRMLS #22533447 Report a problem
11/21/2025	Listed for sale	$249,900+47.1%$118/sqft
Source: GPRMLS #22533447 Report a problem
11/16/2025	Listing removed	$1,695$1/sqft
Source: Zillow Rentals Report a problem
11/4/2025	Price change	$1,695-1.5%$1/sqft
Source: Zillow Rentals Report a problem
10/29/2025	Price change	$1,720-3.1%$1/sqft
Source: Zillow Rentals Report a problem
10/26/2025	Price change	$1,775-2.2%$1/sqft
Source: Zillow Rentals Report a problem
10/16/2025	Price change	$1,815-3.2%$1/sqft
Source: Zillow Rentals Report a problem
10/10/2025	Listed for rent	$1,875+7.1%$1/sqft
Source: Zillow Rentals Report a problem
7/2/2023	Listing removed	--
Source: Zillow Rentals Report a problem
6/30/2023	Listed for rent	$1,750+29.6%$1/sqft
Source: Zillow Rentals Report a problem
2/24/2021	Listing removed	--
Source: Owner Report a problem
11/25/2020	Listing removed	$1,350$1/sqft
Source: Owner Report a problem
11/13/2020	Listed for rent	$1,350+8%$1/sqft
Source: Owner Report a problem
8/15/2019	Listing removed	$1,250$1/sqft
Source: Owner Report a problem
8/1/2019	Listed for rent	$1,250$1/sqft
Source: Owner Report a problem
1/6/2019	Listing removed	$1,250$1/sqft
Source: Owner Report a problem
12/10/2018	Price change	$1,250-7.4%$1/sqft
Source: Owner Report a problem
11/27/2018	Listed for rent	$1,350$1/sqft
Source: Owner Report a problem
11/27/2018	Listing removed	$169,900$80/sqft
Source: Owner Report a problem
11/12/2018	Price change	$169,900-5.6%$80/sqft
Source: Owner Report a problem
11/1/2018	Listed for sale	$179,900+328.3%$85/sqft
Source: Owner Report a problem
9/2/2011	Sold	$42,000$20/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,851 -5.7%	$221,900 +2.5%
2024	$3,023 -11.9%	$216,500 +5.7%
2023	$3,432 +10.6%	$204,800 +31.3%
2022	$3,102 -0.2%	$156,000
2021	$3,109 +17.3%	$156,000 +12.5%
2020	$2,650 -5.2%	$138,700
2019	$2,795 +15.6%	$138,700 +15.1%
2018	$2,417 +4.5%	$120,500
2017	$2,313 +0.7%	$120,500 +2.1%
2016	$2,298	$118,000
2015	$2,298 +0.7%	$118,000 +32.4%
2014	$2,282 +31.7%	$89,100
2013	$1,733	$89,100
2012	--	$89,100 -17.5%
2011	--	$108,000
2010	--	$108,000
2009	--	$108,000 -9.8%
2008	--	$119,795
2007	--	$119,795
2006	--	$119,795
2005	--	--
2004	--	--
2003	--	--
2002	--	--
2001	--	--
2000	$1,601	--