Charming brick ranch home with numerous updates! The main floor offers 3 bedrooms, 1 bathroom, a spacious living room, and a well-appointed kitchen. The finished basement features a huge family room, one non-conforming bedroom, and an additional bathroom. Enjoy the oversized laundry room with washer and dryer included. Outside, you?ll find a large back patio, beautiful landscaping, an extra parking slab, and a convenient storage shed. Major updates include a new roof and gutters (2017) and a new AC unit (2017).
Pending
$245,000
501 Terrace Rd, Lincoln, NE 68505
3beds
1,764sqft
Est.:
Single Family Residence
Built in 1961
7,405.2 Square Feet Lot
$245,900 Zestimate®
$139/sqft
$-- HOA
What's special
Beautiful landscapingLarge back patioFinished basementHuge family roomBrick ranch homeConvenient storage shedWell-appointed kitchen
- 27 days |
- 1,088 |
- 52 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 21, 2025 at 06:38pm
Listed by:
Thuy An 402-450-1994,
OmniHome Realty
Source: GPRMLS,MLS#: 22535126
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- 3/4 bathrooms: 2
- Main level bathrooms: 1
Primary bedroom
- Level: Main
Bedroom 2
- Level: Main
Bedroom 3
- Level: Main
Basement
- Area: 1014
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Range, Refrigerator, Washer, Dishwasher, Dryer, Disposal
Features
- Basement: Egress,Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 1,764
- Total interior livable area: 1,764 sqft
- Finished area above ground: 1,014
- Finished area below ground: 750
Property
Parking
- Total spaces: 1
- Parking features: Attached
- Attached garage spaces: 1
Features
- Patio & porch: Patio
- Fencing: Full,Wood
Lot
- Size: 7,405.2 Square Feet
- Dimensions: 121 x 65
- Features: Up to 1/4 Acre.
Details
- Additional structures: Shed(s)
- Parcel number: 1722405020000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Foundation: Concrete Perimeter
Condition
- Not New and NOT a Model
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: HERBERT BROS FIRST ADD SKYLINE TERR
HOA
- Has HOA: No
Location
- Region: Lincoln
Financial & listing details
- Price per square foot: $139/sqft
- Tax assessed value: $225,100
- Annual tax amount: $3,059
- Date on market: 12/18/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
Estimated market value
$245,900
$234,000 - $258,000
$1,937/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/22/2025 | Pending sale | $245,000$139/sqft |
Source:  GPRMLS #22535126 Report a problem | ||
| 12/18/2025 | Listed for sale | $245,000$139/sqft |
Source: GPRMLS #22535126 Report a problem | ||
| 12/2/2025 | Listing removed | $245,000$139/sqft |
Source: GPRMLS #22525394 Report a problem | ||
| 11/15/2025 | Pending sale | $245,000$139/sqft |
Source: GPRMLS #22525394 Report a problem | ||
| 10/11/2025 | Price change | $245,000-5.8%$139/sqft |
Source: GPRMLS #22525394 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,147 -11.2% | $225,100 +6.4% |
| 2023 | $3,545 +3.9% | $211,500 +23.3% |
| 2022 | $3,412 -0.2% | $171,600 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,324/mo
Principal & interest
$950
Property taxes
$288
Home insurance
$86
Climate risks
Neighborhood: Meadowlane
Nearby schools
GreatSchools rating
- 4/10Meadow Lane Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 3/10C Culler Middle SchoolGrades: 6-8Distance: 1.8 mi
- 8/10Lincoln East High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Meadow Lane
- Middle: Culler
- High: Lincoln East
- District: Lincoln Public Schools
Source: GPRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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