Pending

$274,900

601 S 40th St, Lincoln, NE 68510

3beds

1,308sqft

$1,994/mo

Get pre-qualified

Single Family Residence

Built in 1947

10,018 Square Feet Lot

$272,500 Zestimate^®

$210/sqft

$-- HOA

What's special

Laundry roomWarm kitchenAdditional storage spaceRefinished hardwood floorsUpdated bathroomsHardwood floorsNew appliances

This charming 1.5-story bungalow with 2 detached garages, offers much more than meets the eye! Step into the 3+1 bed/2 bath home and be greeted by hardwood floors and ample windows. The main level has 2 bedrooms, a full bath and a warm kitchen featuring new appliances and custom-built oak cabinetry. The finished attic provides a 3rd bedroom and additional storage space. The lower level has a 4th non-conform bedroom, an all-new ¾ bathroom, laundry room, and a large utility room with storage. Outside, this property really sets itself apart. Situated on an almost ¼-acre lot with fresh sod, the home includes two detached garages, each accessed by its own driveway. There's a 1-stall garage plus an oversized two-stall featuring a loft space with exciting possibilities for a home office, hobby area, or additional storage. With refinished hardwood floors, new appliances, updated bathrooms, and garage space that's hard to find, this move-in ready home is one to see in person!

9 days
677
75

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
3/4 bathrooms: 1
Partial bathrooms: 1
Main level bathrooms: 1

Primary bedroom

Level: None

Bedroom 2

Level: Main

Bedroom 3

Level: Second

Basement

Area: 900

Heating

Natural Gas, Forced Air

Cooling

Central Air

Features

Basement: Partially Finished
Has fireplace: No

Interior area

Total structure area: 1,308
Total interior livable area: 1,308 sqft
Finished area above ground: 1,308
Finished area below ground: 0

Property

Parking

Total spaces: 3
Parking features: Garage
Garage spaces: 3

Features

Levels: One and One Half
Patio & porch: Patio
Fencing: None

Lot

Size: 10,018 Square Feet
Dimensions: 125 x 79
Features: Up to 1/4 Acre.

Details

Parcel number: 1730239006000 01

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Foundation: Block

Condition

Not New and NOT a Model
New construction: No
Year built: 1947

Utilities & green energy

Water: Public

Community & HOA

Community

Subdivision: REX SUBDIVISION

HOA

Has HOA: No

Location

Region: Lincoln

Financial & listing details

Price per square foot: $210/sqft
Tax assessed value: $201,300
Annual tax amount: $3,555
Date on market: 10/6/2026
Listing terms: VA Loan,FHA,Conventional,Cash
Ownership: Fee Simple

Estimated market value

$272,500

$259,000 - $286,000

$1,971/mo

Price history

Date	Event	Price
10/12/2026	Pending sale	$274,900$210/sqft
Source: GPRMLS #22628840 Report a problem
10/6/2026	Listed for sale	$274,900+64.6%$210/sqft
Source: GPRMLS #22628840 Report a problem
2/3/2026	Sold	$167,000-11.6%$128/sqft
Source: GPRMLS #22601891 Report a problem
1/26/2026	Pending sale	$189,000$144/sqft
Source: GPRMLS #22601891 Report a problem
1/18/2026	Listed for sale	$189,000-5.5%$144/sqft
Source: GPRMLS #22601891 Report a problem
11/11/2025	Listing removed	$199,900$153/sqft
Source: GPRMLS #22530257 Report a problem
10/20/2025	Listed for sale	$199,900$153/sqft
Source: GPRMLS #22530257 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,587 +7.6%	$201,300 +15.8%
2024	$2,403	$173,900
2023	--	$173,900 +15.1%
2022	$3,005 -0.2%	$151,100
2021	$3,011	$151,100 +25.2%
2020	--	$120,700
2019	$2,432 -3.9%	$120,700 -4.4%
2018	$2,532	$126,200
2017	--	$126,200 +10.9%
2016	--	$113,800
2015	--	$113,800 +6.5%
2014	--	$106,900
2013	--	$106,900
2012	--	$106,900 -3.4%
2011	--	$110,700
2010	--	$110,700
2009	--	$110,700 -11.5%
2008	--	$125,109
2007	--	$125,109
2006	--	$125,109
2005	$1,772 +1.3%	--
2004	$1,749	--
2003	$1,749 +10.6%	--
2002	$1,581 +1%	--
2001	$1,566 +7.3%	--
2000	$1,459	--