Rare Turn-Key Opportunity in In-Town Lincoln! This classic 1.75-story Dutch Colonial at 38 School St offers a premier location with a proven investment track record, generating $75,000 in revenue for 2025. Perfectly situated for convenience, you can stroll to local shopping, dining, the library, church, theater, and the Lin-Wood Public School, all just steps away. Interior Excellence: Step into a modern kitchen featuring elegant marble floors and premium appliances (all <3 years old). The main level flows into a sun-drenched dining area and a spacious living room featuring beautifully refinished fir floors. This level also includes a convenient half-bath. Comfort is guaranteed year-round with a new Gree mini-split system (AC/Heat) and Nest thermostats. Bedroom Level & Basement: The second floor offers a traditional layout with three well-appointed bedrooms and a full, updated bathroom. Every bedroom is equipped with baseboard, a dedicated mini-split and ceiling fan for personalized climate control. For added convenience, the finished laundry room is located in the basement, easily accessed from the dining area stairs. The basement also features a fully heated zone—keeping the main level floors warm—and houses an impeccably organized 200-amp electrical panel and a high-efficiency Viessmann tankless boiler. Luxury Living & Value Add: The private side yard is an outdoor oasis with a gazebo and a 4-person Hot Springs salt-water hot tub. Across the town-maintained Govoni Lane, the property includes a detached 2-car garage. Given the Village Residential zoning, there is significant potential to explore an Accessory Dwelling Unit (ADU) conversion for increased value or rental density. Sold Turn-Key: This home is offered fully furnished, making it a seamless transition for a primary residence or a high-performing short-term rental.
Closed
Zillow last checked:
Listing updated:
Bought with:
Courtney Hoy
Silver Key Homes Realty
Source: PrimeMLS,MLS#: 5082931
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Sold | $610,000-1.6%$520/sqft |
Source:  PrimeMLS #5082931 Report a problem | ||
| 5/7/2026 | Pending sale | $620,000$529/sqft |
Source: PrimeMLS #5082931 Report a problem | ||
| 4/15/2026 | Listed for sale | $620,000+67.6%$529/sqft |
Source: PrimeMLS #5082931 Report a problem | ||
| 8/14/2023 | Sold | $370,000-2.6%$316/sqft |
Source: PrimeMLS #4955262 Report a problem | ||
| 6/28/2023 | Price change | $379,900-5%$324/sqft |
Source: PrimeMLS #4955262 Report a problem | ||
| 6/1/2023 | Listed for sale | $399,900+116.2%$341/sqft |
Source: PrimeMLS #4955262 Report a problem | ||
| 10/3/2018 | Listing removed | $184,999$158/sqft |
Source: O'Rourke Realty #4710154 Report a problem | ||
| 8/15/2018 | Price change | $184,999-2.6%$158/sqft |
Source: O'Rourke Realty #4710154 Report a problem | ||
| 8/1/2018 | Listed for sale | $190,000+100%$162/sqft |
Source: O'Rourke Realty #4710154 Report a problem | ||
| 9/17/2012 | Sold | $95,000$81/sqft |
Source: Public Record Report a problem | ||
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$619,000
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+$12,380
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