For sale

$397,000

640 S Sherman Ave, Cortland, NE 68331

3beds

1,691sqft

$2,742/mo

Get pre-qualified

Single Family Residence

Built in 1976

2.48 Acres Lot

$-- Zestimate^®

$235/sqft

$-- HOA

What's special

Full basementMain floor laundryGas fireplace

Come home to a little more freedom, a lot more space, and endless possibilities. Just outside Cortland, this level 2.48 acre property features a spacious 1976 ranch with 3 bedrooms, 3 bathrooms, main floor laundry, a gas fireplace, and a full basement ready for your finishing touch. With so much to offer, this home is ready for a little love and its next chapter. The 30x50 Cleary building has electricity and multiple access doors for vehicles, equipment, or projects. A 20x20 kennel shed with runs and a 20x32 outbuilding offer more options for animals or covered storage. The property has city water, is in the Norris School District, and has no HOA or covenants. An older house needs rehabilitation or removal. Sellers have a bid to remove the old house and junk pile and are willing to have both removed with an accepted offer at the buyer’s request. Come tour the property and picture what your life could look like here.

3 days
409
35

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
3/4 bathrooms: 2
1/2 bathrooms: 1
1/4 bathrooms: 1
Main level bathrooms: 3

Primary bedroom

Level: Main
Area: 136.11
Dimensions: 11.67 x 11.67

Bedroom 2

Level: Main
Area: 111.01
Dimensions: 11.58 x 9.58

Bedroom 3

Level: Main
Area: 126.45
Dimensions: 11.58 x 10.92

Primary bathroom

Features: 1/2

Dining room

Level: Main

Family room

Level: Main
Area: 240.19
Dimensions: 15.75 x 15.25

Kitchen

Level: Main
Area: 194.44
Dimensions: 15.25 x 12.75

Living room

Level: Main
Area: 188.23
Dimensions: 16.25 x 11.58

Basement

Area: 1435

Heating

Natural Gas, Forced Air

Cooling

Central Air

Appliances

Included: Range, Refrigerator, Dishwasher, Disposal, Microwave

Features

Basement: Other Window,Full,Unfinished
Number of fireplaces: 2
Fireplace features: Direct-Vent Gas Fire, Wood Burning Stove

Interior area

Total structure area: 1,691
Total interior livable area: 1,691 sqft
Finished area above ground: 1,691
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Garage - Attached
Attached garage spaces: 2

Features

Patio & porch: Porch, Deck
Fencing: None

Lot

Size: 2.48 Acres
Dimensions: 328.7'' x 328.7'
Features: Over 1 up to 5 Acres

Details

Additional structures: Outbuilding
Parcel number: 002623000

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Foundation: Concrete Perimeter
Roof: Composition

Condition

Not New and NOT a Model
New construction: No
Year built: 1976

Utilities & green energy

Sewer: Private Sewer, Other
Water: Public
Utilities for property: Electricity Available, Natural Gas Available, Water Available, Sewer Available

Community & HOA

Community

Subdivision: Rural Residential Acreage

HOA

Has HOA: No

Location

Region: Cortland

Financial & listing details

Price per square foot: $235/sqft
Tax assessed value: $318,675
Annual tax amount: $3,652
Date on market: 10/22/2026
Listing terms: Conventional,Cash
Ownership: Fee Simple
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/22/2026	Listed for sale	$397,000-9.6%$235/sqft
Source: GPRMLS #22630328 Report a problem
10/22/2026	Listing removed	$439,000$260/sqft
Source: GPRMLS #22627685 Report a problem
9/24/2026	Listed for sale	$439,000$260/sqft
Source: GPRMLS #22627685 Report a problem
9/24/2026	Listing removed	$439,000$260/sqft
Source: GPRMLS #22623826 Report a problem
9/24/2026	Price change	$439,000-6.4%$260/sqft
Source: GPRMLS #22623826 Report a problem
8/27/2026	Price change	$469,000-14.6%$277/sqft
Source: GPRMLS #22623826 Report a problem
8/20/2026	Listed for sale	$549,000$325/sqft
Source: GPRMLS #22623826 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$672 -32.4%	$318,675 +6.8%
2024	$994 -6.7%	$298,425 +27.7%
2023	$1,065 -66.8%	$233,715 +16.7%
2022	$3,206 +165.2%	$200,235 +4.6%
2021	$1,209 -6.8%	$191,450
2020	$1,298 -10.2%	$191,450 +2.2%
2019	$1,445 +13.4%	$187,335 +3.3%
2018	$1,274	$181,335
2017	$1,274	$181,335
2016	$1,274 +0.2%	$181,335
2015	$1,272 -1.9%	$181,335
2014	$1,297 -10.2%	$181,335 +2.3%
2013	$1,443 -1.5%	$177,335
2012	$1,465 -0.4%	$177,335
2011	$1,472 +2.1%	$177,335 +1.3%
2010	$1,441 -50.3%	$175,055
2009	$2,899	$175,055