1240 42nd St
Lincoln, NE 68503
4 bd 3 ba 2,456 sqft Built 1960 Lot 13,068 sqft single_family
Most recent sale
$275,000
Oct 3, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 3, 2022 | Sold | $275,000 | Public Record |
| Sep 29, 2022 | Sold | $275,000 | GreatPlainsRegional |
| Aug 30, 2022 | Price changed | $289,000 | MLS #22219796 |
| Aug 16, 2022 | Listed | $299,000 | MLS #22219796 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $285,400 | $67,000 | $352,400 | $4,528 |
| 2024 | $285,400 | $67,000 | $352,400 | $3,930 |
| 2023 | $231,400 | $53,000 | $284,400 | $4,766 |
| 2022 | $192,400 | $50,000 | $242,400 | $4,561 |
| 2021 | $192,400 | $50,000 | $242,400 | $4,570 |
| 2020 | $188,300 | $45,000 | $233,300 | $4,458 |
| 2019 | $188,300 | $45,000 | $233,300 | $4,458 |
| 2018 | $148,700 | $45,000 | $193,700 | $3,718 |
| 2017 | $148,700 | $45,000 | $193,700 | $3,752 |
| 2016 | $133,800 | $35,000 | $168,800 | $3,287 |
| 2015 | $133,800 | $35,000 | $168,800 | $3,264 |
| 2014 | $135,500 | $30,000 | $165,500 | $3,219 |
| 2013 | $125,500 | $40,000 | $165,500 | $3,235 |
| 2012 | $125,500 | $40,000 | $165,500 | $3,224 |
| 2010 | $144,500 | $28,500 | $173,000 | $3,453 |
| 2009 | $144,500 | $28,500 | $173,000 | $3,481 |
| 2008 | $141,267 | $30,000 | $171,267 | $3,476 |
Property facts
Year built
1960
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,456 sqft
Lot size
13,068 sqft
ZIP code
68503
City
Lincoln
Street
42nd St
Coordinates
40.82602, -96.66057
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,650
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1240 42nd St last sell?
1240 42nd St most recently sold on Oct 3, 2022 for $275,000.
What is the current tax assessment for 1240 42nd St?
The most recent total assessment for 1240 42nd St (year 2025) is $352,400 with $4,528 in property tax.
How does 1240 42nd St's assessment compare to its last sale price?
The current assessment is 28.1% above the last sale price of $275,000.
When was 1240 42nd St built?
1240 42nd St was built in 1960.
How does 1240 42nd St compare to others on 42nd St?
We track 8 other properties on 42nd St. Browse the list under "Other properties on 42nd St" to compare beds, baths, and sale history.
What are the property facts for 1240 42nd St?
1240 42nd St is a 4 bed, 3 bath, 2,456 sqft, 13,068 sqft lot single_family.
Is 1240 42nd St a flip candidate?
No — 1240 42nd St does not appear in our flips dataset.
Is 1240 42nd St a tax-appeal candidate?
Yes — 1240 42nd St appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.8%
Implied 1-yr
+15.1%
2026 Q3
$282.6K
2026 Q4
$291.2K
ZIP 68503 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 42nd St