5340 S 68th St
Lincoln, NE 68516
PASS
Price
$367,900
Beds
3
Baths
2
Sq Ft
2,313
Year
1978
Days Listed
2079
◆ Executive Summary
Overall: PASS — This property presents a catastrophic zombie listing scenario that renders it unsuitable for purchase despite some experts' split opinions on investigation. The property has been stagnant on Zillow for 2,079 days (over 5.5 years) with only 7 views, indicating severe market rejection and fundamental marketability issues. A massive $130,000 gap exists between the $367,900 listing price and research estimates of $498,000, combined with zero building permits despite claims of extensive renovations and complete absence of critical system information for this 48-year-old home. The extreme market exposure time, unexplained price disconnects, and missing essential property details create an unacceptable risk profile that experienced buyers have consistently avoided.
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5340 S 68th St, Lincoln, NE, 68516 home PASS Catastrophic Zombie Listing Alert Massive Valuation Disconnect Catastrophic Price Explosion Red Flag Zombie Listing Alert
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▲ Top Findings
Catastrophic Zombie Listing Alert
Property has been on Zillow for 2,079 days (over 5.5 years) with only 7 views, indicating severe market rejection. This is a classic stale listing that buyers are avoiding entirely.
Massive Valuation Disconnect
Deep research shows estimated value around $498,000 while listing at $367,900—a 35% gap. This suggests either the listing is severely underpriced (unlikely given market rejection) or the estimate is wildly inflated.
Catastrophic Price Explosion Red Flag
Price jumped 43% from $256,500 (2020) to $367,900 asking with zero permits on record despite claims of 'completely renovated kitchen' and extensive updates. Deep research shows no building permits in last 10 years, making renovation claims unverifiable.
Zombie Listing Alert
Property shows 2,079 days on Zillow with 'OTHER' status - this is a dead listing that's been sitting for nearly 6 years. Only 7 views suggests zero buyer interest despite supposed quality updates.
Missing Critical System Information
Zero data on heating, cooling, roof, foundation, or mechanical systems in a 1978 home. For a house claiming extensive renovations, the absence of HVAC and structural details is a massive red flag for hidden problems.
Zombie Listing Alert - 5.7 Years on Market
Property has been on Zillow for 2,079 days (5.7 years) with only 7 views, indicating serious marketability issues. This extended time suggests underlying problems that have deterred buyers repeatedly.
Massive Price-Value Disconnect
Deep research estimates current value at $498,000 while list price is only $367,900 - a $130,100 gap. This dramatic underpricing combined with zombie status suggests hidden defects or title issues preventing sale at fair market value.
Non-Conforming Basement Bedroom Regulatory Risk
Listing mentions 'non-conforming bedroom in basement' which indicates code violations under Lincoln's building standards. Future municipal inspections could force costly egress window installations or bedroom conversion costs of $15,000-25,000.
Catastrophic Price vs Research Gap
Listed at $367,900 but research estimates current value around $498,000 - a $130,000+ gap. Either the listing is severely underpriced (red flag) or research is wrong (bigger red flag about data reliability).
Unexplained Price Delta vs Research
Deep research estimates current value at $498,000 while listing shows $367,900 - a $130,100 gap. This dramatic disconnect between listing price and estimated value suggests either the listing is outdated or there are significant undisclosed issues with the property.
Expert Panel (10/10)
Zombie listing with massive valuation disconnect—research shows $498K estimate vs $368K list, plus 2,079 days on market screams pricing problems.
Catastrophic Zombie Listing Alert
Property has been on Zillow for 2,079 days (over 5.5 years) with only 7 views, indicating severe market rejection. This is a classic stale listing that buyers are avoiding entirely.
Massive Valuation Disconnect
Deep research shows estimated value around $498,000 while listing at $367,900—a 35% gap. This suggests either the listing is severely underpriced (unlikely given market rejection) or the estimate is wildly inflated.
Missing Critical System Information
Zero information available on HVAC, roof condition, foundation type, or parking—critical factors for a 48-year-old home. This data vacuum prevents proper due diligence on major systems.
Solid Appreciation Since Purchase
Property gained $111,400 (43%) from 2020 purchase at $256,500 to current list at $367,900. While substantial, this tracks with broader market appreciation during the 2020-2022 housing boom.
Competitive Price Per Square Foot
At $159/sq ft, the property sits below nearby comp at 5320 S 68th St that sold for $166/sq ft in 2025, suggesting the listing price may actually be reasonable if condition matches.
Massive price explosion with zero permit trail, zombie listing status, and critical information gaps make this a hard pass.
Catastrophic Price Explosion Red Flag
Price jumped 43% from $256,500 (2020) to $367,900 asking with zero permits on record despite claims of 'completely renovated kitchen' and extensive updates. Deep research shows no building permits in last 10 years, making renovation claims unverifiable.
Zombie Listing Alert
Property shows 2,079 days on Zillow with 'OTHER' status - this is a dead listing that's been sitting for nearly 6 years. Only 7 views suggests zero buyer interest despite supposed quality updates.
Missing Critical System Information
Zero data on heating, cooling, roof, foundation, or mechanical systems in a 1978 home. For a house claiming extensive renovations, the absence of HVAC and structural details is a massive red flag for hidden problems.
Pricing vs Market Reality Gap
Research estimates value at $498,000 while asking $367,900, but nearby comp at 5320 S 68th sold for $402,000 at $166/sf vs this at $159/sf. Either research is wrong or seller is clueless about actual value.
Unverifiable Renovation Claims
Listing boasts 'factory custom cabinets, quartz countertops, engineered hardwood' but zero permits suggest either unpermitted work or exaggerated claims. In a 48-year-old house, major kitchen work should have permits.
Zombie listing with massive unexplained price gap and missing critical systems information makes this deal highly risky despite decent fundamentals.
Zombie Listing Alert - 5.7 Years on Market
Property has been on Zillow for 2,079 days (5.7 years) with only 7 views, indicating serious marketability issues. This extended time suggests underlying problems that have deterred buyers repeatedly.
Massive Unexplained Price Gap vs Research
Deep research estimates property value at $498,000 while listing price is $367,900 - a 26% discount. No permits found to explain this gap, suggesting either market mispricing or hidden defects driving the lower asking price.
Missing Critical System Information
No data on heating, cooling, roof, foundation, or other critical systems. For a 1978 home (48 years old), these systems are likely near or past replacement timeline, creating major unknown repair risks.
Decent Rent-to-Price Fundamentals
Property meets the 1% rule with rent estimate of $2,277 vs $367,900 price (0.74%). Estimated cap rate of ~5.4% assumes typical expenses, which is reasonable for a Midwest market.
Strong Neighborhood Appreciation Trend
Nearby comparable at 5320 S 68th St sold for $402,000 in 2025 at $166/sqft vs this property's $159/sqft asking price. Research shows values rising since 2020 in this area of Lincoln.
Zombie listing with massive price jump and missing critical system details creates high risk for first-time buyers
Zombie Listing Alert
Property has been on Zillow for 2,079 days (nearly 6 years) with only 7 views, suggesting it's either withdrawn, under contract, or has serious issues. This abnormal market behavior is a major red flag that experienced buyers have avoided.
Unexplained Price Delta
List price of $367,900 vs research estimate of $498,000 creates a $130,000 gap. Either the listing is outdated/stale, or there are significant undisclosed issues justifying the lower price that novice buyers could miss.
Missing Critical System Information
Zero information provided about heating, cooling, roof condition, foundation type, or parking. For a 1978 home, these 48-year-old systems likely need expensive updates that could cost $15,000-40,000 for HVAC and roof replacement.
Normal Market Appreciation Since 2020
Price increased from $256,500 (2020) to $367,900 represents 43% growth over 6 years, which aligns with Lincoln market trends during the 2020-2022 housing boom. This appreciation pattern appears normal for the timeframe.
Aging Home Maintenance Burden
Built in 1978, this 48-year-old home will need major system replacements soon despite described updates. First-time buyers often underestimate costs for roof, HVAC, windows, and foundation repairs on homes this age.
Weak School Performance Risk
Lincoln Southeast High School rates only 4/10, which could hurt resale value and family satisfaction. Elementary school also below average at 5/10, creating long-term educational and property value concerns.
Zombie listing masking major price-value disconnect with limited system data for 1978 home.
Zombie Listing Alert
Property has been on Zillow for 2079 days (5.7 years) with only 7 views, indicating a stale or problematic listing. This extreme market exposure suggests underlying issues or unrealistic pricing that has prevented sale.
Massive Price-Value Disconnect
Deep research estimates current value at $498,000 while list price is only $367,900 - a $130,100 gap. This dramatic underpricing combined with zombie status suggests hidden defects or title issues preventing sale at fair market value.
Missing Critical System Information
No data on HVAC, electrical, plumbing, roof, or foundation systems for this 1978 home. At 48 years old, this property likely needs major system replacements that could cost $50,000-$100,000+ without proper inspection data.
Renovation Claims Without Permit Verification
Listing claims 'completely renovated kitchen' with custom cabinets and quartz counters, but research shows no building permits in last 10 years. Unpermitted work could indicate code violations or poor workmanship requiring expensive corrections.
1978 Construction Era Concerns
Built in peak lead paint era with likely original galvanized plumbing, cast iron sewer, and early aluminum wiring. Expect $15,000-$30,000 in environmental and electrical upgrades plus potential foundation settling issues common to this era.
Solid ranch with quality renovations but concerning market disconnect and zombie listing status.
Zombie Listing Alert
Property has been on Zillow for 2,079 days (nearly 6 years) with only 7 views, suggesting stale or phantom listing. This massive time on market is a major red flag for serious buyers.
Market Value Disconnect
Deep research estimates current value at $498,000 while listing shows $367,900 - a $130,100 gap. Either the research is wrong or this represents significant underpricing opportunity.
Quality Kitchen Renovation
Recently completed kitchen features custom factory cabinets, quartz countertops, and stainless appliances. Combined with engineered hardwood throughout main level, this adds significant value.
Strong Layout and Natural Light
Open ranch concept with triple-wide patio doors maximizes natural light. Large deck with tree views and walkout basement create excellent indoor-outdoor flow for entertaining.
Missing Critical System Information
No information available on HVAC, roof condition, foundation type, or recent permits. For a 1978 home, these systems may need significant investment soon.
Colonial Hills property faces significant zoning and municipal policy headwinds in Lincoln's evolving regulatory landscape.
Zombie Listing Status Creates Legal Uncertainty
Property shows 2079 days on market with 'OTHER' status, indicating potential regulatory holdups or compliance issues. Extended listing periods often signal zoning conflicts or municipal approval delays that could affect future marketability.
Non-Conforming Basement Bedroom Regulatory Risk
Listing mentions 'non-conforming bedroom in basement' which indicates code violations under Lincoln's building standards. Future municipal inspections could force costly egress window installations or bedroom conversion costs of $15,000-25,000.
Missing Building Permits Signal Code Compliance Gap
Despite listing claims of 'completely renovated kitchen' and extensive updates, research found no building permits in the last 10 years. Lincoln requires permits for kitchen renovations involving electrical/plumbing work, creating potential code enforcement liability.
Southeast Lincoln Density Upzoning Risk
Property sits in Colonial Hills subdivision where Lincoln's 2040 Comprehensive Plan targets increased residential density. Future rezoning could bring multifamily development next door, impacting property values and neighborhood character.
Lancaster County Tax Assessment Lag Exposure
With regional appreciation trends showing 56% gains since 2020 purchase, property faces significant tax reassessment risk when Lancaster County catches up to current market values. Annual tax burden could increase substantially.
Zombie listing with massive price gap between current ask and research estimates suggests serious problems.
Zombie Listing Alert
Property has been on Zillow for 2,079 days (nearly 6 years) with only 7 views and no saves. This extreme market rejection indicates fundamental issues with price, condition, or marketability.
Catastrophic Price vs Research Gap
Listed at $367,900 but research estimates current value around $498,000 - a $130,000+ gap. Either the listing is severely underpriced (red flag) or research is wrong (bigger red flag about data reliability).
Missing Critical System Information
No information on HVAC, roof condition, electrical, plumbing, or foundation despite 48-year-old home age. These systems are typically nearing replacement in 1978 homes, creating major insurance and maintenance risks.
Flood Zone Mystery
Located in Lincoln, NE near established residential area but no flood zone classification available. Nebraska has significant flood risks and this data gap prevents proper insurance assessment.
Hail Risk Zone Exposure
Lincoln, NE is in moderate to high hail risk area of the Great Plains. Expect wind/hail deductibles of 1-2% of dwelling coverage, and roof age/material will significantly impact premiums.
Standard 1970s ranch with typical lead/asbestos concerns but no major environmental red flags in Lincoln metro.
Lead Paint Risk from 1978 Construction
Built in 1978, this property sits on the cusp of lead-based paint regulations. Pre-1978 homes have high probability of lead paint presence, particularly in windows, doors, and trim. Recent renovations mentioned may have disturbed lead surfaces without proper containment.
Probable Asbestos Materials in Building Systems
Late 1970s construction commonly included asbestos in insulation, flooring adhesives, and HVAC systems. Basement renovation and mechanical room updates could pose exposure risks if materials weren't properly handled during improvements.
Missing Critical Environmental Data
No information available on flood zone classification, radon levels, soil contamination history, or nearby environmental hazards. Lincoln area can have moderate radon risk requiring testing, and flood zones are essential for insurance planning.
Low Basement Moisture Risk Profile
Property features walk-out basement to concrete patio with large recreation room, suggesting good drainage design. Nebraska's continental climate and proper basement egress typically reduce mold and moisture concerns compared to humid regions.
Zombie listing with unexplained price surge and missing critical systems data creates major red flags.
Zombie Listing Alert
This property has been on Zillow for 2,079 days (over 5.5 years) with only 7 views and no saves, indicating serious marketability issues. The listing status shows as 'OTHER' rather than active or sold, suggesting stale or problematic listing data.
Unexplained Price Delta vs Research
Deep research estimates current value at $498,000 while listing shows $367,900 - a $130,100 gap. This dramatic disconnect between listing price and estimated value suggests either the listing is outdated or there are significant undisclosed issues with the property.
Missing Critical System Information
Essential property details are completely absent including heating/cooling systems, roof condition, foundation type, and parking availability. For a 48-year-old home, this missing information represents significant due diligence gaps that could hide expensive problems.
Significant Price Appreciation Pattern
Property jumped from $256,500 in August 2020 to current listing at $367,900, representing 43% appreciation in roughly 6 years. While some renovation is claimed, no permits were found to substantiate the scope of improvements justifying this increase.
School Quality Concerns
The assigned high school (Lincoln Southeast) has a poor 4/10 rating, which could impact resale value and family appeal. Elementary school also rates below average at 5/10, creating potential concerns for families with school-age children.