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5401 Music Ln, Lincoln, NE, 68516

5beds
6baths
6,713sqft
$1,399,000
$208price/sqft
$9,400/moest. monthly cost
$376,000/yrincome needed

About This Home

Welcome to this stunning Victorian home with 5 bed, 6 bath over 6700 ft.² of living space located on 3 acres! The beautiful wraparound porch is amazing! Enter into the 2 story foyer and staircase! The main floor has a gourmet kitchen, dining room, living room, and family room and walk out to the beautiful deck with amazing views of a variety of trees and landscaping! The second floor has the primary suite and three bedrooms and 3 additional bathrooms! The library on the 3rd floor is private and makes a perfect study! Lower level has a large entertainment area with exercise room and a custom movie theater! Walk out to the new patio with fire pit and a swim spa! The guest house has 360 degree views and its own private bed, bath and kitchen! There is a new greenhouse with sophisticated hydroponic system. This amazing home is offered by appointment only.

Getting Around

2
WalkingCar-Dependent
0
TransitNo Nearby Transit
19
BikeSomewhat Bikeable

Schools

7/10
Wysong ElementaryGrades PK-50.8 mi
7/10
Moore Middle SchoolGrades 6-82.2 mi
5/10
Southwest High SchoolGrades 9-123.3 mi

Construction

Condition

  • Property condition: Not New and NOT a Model
  • Year built: 1993

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction materials: Masonite

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Range,Oven,Refrigerator,Water Softener,Washer,Dishwasher,Dryer,Disposal,Microwave,Double Oven

Basement

  • Area: 1977

Basement

  • Has basement: Yes
  • Basement: Daylight,Walk-Out Access,Partially Finished

Bedroom2

  • Level: Second
  • Area: 210

Bedroom3

  • Level: Second
  • Area: 182

Bedroom4

  • Level: Second
  • Area: 252

Bedroom5

  • Level: Third

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 1
  • 3/4 bathrooms: 4
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Level: Main
  • Area: 196

Family Room

  • Level: Basement
  • Area: 255

Features

  • Formal Dining Room
  • Window features: LL Daylight Windows
  • Flooring: Carpet,Wood
  • Number of fireplaces: 5
  • Fireplace features: Gas Log
  • Fireplace: Yes
  • Finished area below ground: 1,700
  • Finished area above ground: 5,013

Great Room

  • Level: Main

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 6,713
  • Total interior livable area: 6,713 sqft

Living Room

  • Level: Main
  • Area: 240

Master Bathroom

  • Features: Full

Master Bedroom

  • Level: Second
  • Area: 315

Property

Details

  • Parcel number: 1629204004000

Features

  • Levels: 2.5 Story
  • Patio & porch: Porch,Patio,Deck,Covered Patio
  • Exterior features: Sprinkler System
  • Fencing: None

Lot

  • Lot size: 3.02 Acres
  • Features: Over 1 up to 5 Acres,City Lot,Subdivided,Paved
  • Lot size dimensions: 397.77 x 330 x 397.94

Parking

  • Total spaces: 3
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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

  • Hail
    HailRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Lightning
    LightningModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Hail
Strong Wind
Tornado
Winter Weather
Lightning
Wildfire

FEMA Declared Disasters Across Nebraska Counties

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 $7,074$84,888
Home Insurance $809$9,708
Property Taxes $1,103$13,236
Electricity $414$4,973
Total$9,400$112,800

Income You'd Need if You Spent...

35% on housing$322,285/yr
40% on housing$282,000/yr
45% on housing$250,666/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: 13.8%
13.8%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.6%
0.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$208This listing

vs Other Active Listings

Avg $/sqft

ZIP 68516$185
Lancaster County$170

vs Homes Sold Last Month

Median $/sqft

ZIP 68516$174
Lancaster County$168

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)

Price History

DateEventPrice
2026-05-01Listed for sale$1,399,000
2022-04-19Sold$460,000
2016-06-29Sold$835,000
2015-05-27Price change$860,000
2014-09-23Price change$899,000
2014-07-18Price change$950,000
2014-05-10Listed for sale$999,000
2006-08-23Sold$460,000
2003-06-03Sold$800,000

For Sale by Agent

AgentMark Faatz
BrokerageNebraska Realty

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