Property Details
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This property, located at 3131 Merrill ST in Lincoln, NE 68503, is a charming home situated in the Crescent Park Addition. It was built in 1969 and is a residential property with a total living space of 1,325 square feet. The lot size is 6,534 square feet, with a depth of 50 feet and a width of 133 feet. The property features 3 bedrooms and 2 bathrooms, along with a commercial grade air conditioning system and forced air heating. Its assessed value is $216,900, with improvements valued at $186,900 and the remaining $30,000 for the land. It also includes a 600 square foot garage.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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