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502 Shannon Dr, Norfolk, NE, 68701

3beds
2baths
2,104sqft
$339,000
$161price/sqft
$2,534/moest. monthly cost
$101,360/yrincome needed

About This Home

Beautifully remodeled home situated on a sprawling half-acre lot with a fully fenced backyard! This move-in ready home showcases exceptional craftmanship and attention to detail throughout. The spacious main level features a large living room with a bay window, new flooring and abundant natural light. Current owners have their dining in the living area but there is also plenty of room for dining in the kitchen. Both bathrooms have been beautifully renovated. The main floor full bath features a new tub with tiled surround, new vanity, lighted mirror, toilet and flooring. The basement bathroom has also been completely updated with a walk in tiled shower, new vanity, toilet and flooring. The fully remodeled basement offers outstanding additional living space with new drywall, flooring, trim, doors, recessed lighting, and a stunning stone accent wall with an electric fireplace. A stylish bar area with abundant cabinetry and quartz counter tops creates the perfect space for entertaining. You'll also appreciate the oversized laundry room with plenty of storage. With its extensive renovations, functional floor plan, and oversized lot, this home offers the perfect blend of style, comfort, and space just waiting for you to make it yours!

Getting Around

47
WalkingCar-Dependent
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

6/10
4/10
Norfolk Jr High SchoolGrades 7-80.7 mi
3/10

Construction

Condition

  • Property condition: 41-60 Yrs
  • Year built: 1974

Materials

  • Construction materials: Frame,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Range,Dishwasher,Disposal,Refrigerator,Microwave,Water Softener Owned,Gas Water Heater,50 Gal plus Water Heater
  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Full,Finished

Bedroom2

  • Level: Main

Bedroom3

  • Level: Main

Bedroom4

  • Level: Basement

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Main level bathrooms: 1
  • Main level bedrooms: 3

Cooling

  • Cooling features: Gas Forced Air,Central Air

Dining Room

  • Features: Kit/Din Combo
  • Level: Main

Family Room

  • Features: Bar
  • Level: Basement

Features

  • Window features: Window Coverings
  • Number of fireplaces: 1
  • Fireplace features: One,Electric,Family Room
  • Fireplace: Yes
  • Finished area above ground: 1,104

Interior Area

  • Total structure area: 1,104
  • Total interior livable area: 2,104 sqft

Kitchen

  • Level: Main

Living Room

  • Features: Bay Window
  • Level: Main

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: 590069233

Features

  • Patio & porch: Covered Patio
  • Fencing: Chain Link
  • Waterfront features: None
  • Living area range: 1001-1200

Lot

  • Lot size: 0.49 Acres
  • Features: Auto Sprinkler,Manual Sprinklr,Established Yard,Landscaping (Good)

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Tornado
Winter Weather
Cold Wave
Hail
Inland Flooding
Ice Storm
Lightning
Strong Wind
Wildfire

FEMA Declared Disasters Across Nebraska Counties

Fire
Flood
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,714$20,568
Home Insurance $315$3,780
Property Taxes $376$4,512
Electricity $129$1,558
Total$2,534$30,408

Income You'd Need if You Spent...

35% on housing$86,880/yr
40% on housing$76,020/yr
45% on housing$67,573/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.8%
12.8%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: 5.7%
5.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$161This listing

vs Other Active Listings

Avg $/sqft

ZIP 68701$132
Madison County$132

vs Homes Sold Last Month

Median $/sqft

ZIP 68701$142
Madison County$141

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-05Pending sale$339,000
2026-07-28Price change$339,000
2026-07-10Listed for sale$345,000

For Sale by Agent

AgentCORY NEWMAN
BrokeragePremier Team Real Estate

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