309 Locust St, Panama, NE 68419 Property Records

Lancaster County property record for 309 Locust St, Panama, NE 68419

Property Summary

Property Type	Retail Store
Details	2,356 sqft · built 1940
Lot Size	0.082 acres (3,550 sqft)
Owner	Company Name on File
Last Sale	$37,000 (Oct 2019)
Tax Bill	$1,045 (2025)
Deeds & Mortgages	Sep 2026 Line of Credit Oct 2020 Loan Modification + 1 more
Flood Zone	Zone X (minimal risk)
APN	`20-03-306-003-000`

Property Details

APN / Parcel Number

Primary APN	`20-03-306-003-000`
Alternative APN	`111141`

Interior

Units	4 Units
Stories	1 Story
Building Area	2,356 sqft Gross Area
Basement Area	1,250 sqft

Exterior

Year Built	Built 1940
Effective Year Built	Effective 1940
Exterior Material	Brick Veneer
Construction Type	Brick
Fire Resistance	Masonry Walls, Wood Interior
Lot Area	3,550 sqft (0.082 acres)
Lot Dimensions	142 ft deep x 25 ft wide
View / Lot	Traffic

Utilities, Heating & Cooling

Cooling System	Central
Heating System	HVAC

Location & Zoning

Street Address	309 LOCUST ST
City	PANAMA
State	NE
Zip	68419-9700
Property Category	Commercial
Property Type	Commercial > Retail > Retail Store
Local Zoning Code	C
Legal Description	PANAMA, BLOCK 15, LOT 4
Legal Subdivision	PANAMA
Legal Block	15
Legal Lot Number	4
Jurisdiction	LANCASTER NE
Township / Civil Division	PANAMA
Census Block Group	3
Census Block	3038
Census Tract	10402

Owner

309 Locust St, a commercial property, is owned by a company that bought it in October 2019.

Source: Lancaster County records, as of September 28, 2026

Owner of Record	Company Name on File
Mailing Address	209 W 209 W, PANAMA, NE 68419
Owner Type	Company
Vesting	Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Sep 17, 2026	Deed of Trust, Mortgage · Line of Credit WESTERN NATIONAL BANK
Oct 19, 2020	Loan Modification, Mortgage EXCHANGE BK
Oct 30, 2019	Warranty Deed, Transfer · Commercial Mortgage EXCHANGE BANK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 30, 2019 · Amount on File
Deed Sale	Oct 30, 2019 · Amount on File
Prior Sale	Dec 19, 2014 · Amount on File
Deed Document Number	201943574
Prior Transfer Date	Jul 8, 2014
Prior Transfer Doc	0000025573
Record Updated	Oct 29, 2026

September 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	LANCASTER NE
Recording Date	Sep 17, 2026
Property Address	309 LOCUST ST, PANAMA, NE 68419-9700
Document Number	0000035183
Instrument Date	Sep 17, 2026
Instrument	202635183
Transaction Type	Mortgage
Record Updated	Sep 28, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership, 266
Address	209 W 4TH ST, PANAMA, NE 68419-9600

Mortgage

Document Number	0000035183,
Date	Sep 17, 2026
Instrument	202635183

Lender

Name	WESTERN NATIONAL BANK

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	60 Months
Due	Sep 10, 2031

Interest

Max Rate	-1%

October 2020: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	LANCASTER NE
Property Address	309 LOCUST ST, PANAMA, NE 68419-9700
Document Number	0000055549
Instrument Date	Oct 19, 2020
Transaction Type	Mortgage
Record Updated	Nov 4, 2020
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	309 LOCUST ST PANAMA NE 684199700, PANAMA, NE 68419-9700

Mortgage

Document Number	0000055549
Date	Oct 21, 2020
Instrument	55549

Lender

Name	EXCHANGE BK
Type	Bank
Address	LINCOLN, NE 68506

Agreement

Amount	Amount on Record

October 2019: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	LANCASTER NE
Recording Date	Oct 30, 2019
Property Address	309 LOCUST ST, PANAMA, NE 68419-9700
Document Number	0000043574
Instrument Date	Oct 30, 2019
Instrument	2019043574
Transaction Type	Transfer
Record Updated	Sep 16, 2021
Title Company	NEBRASKA TITLE CO

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$83.25
Amount Accuracy	Calculated from Transfer Tax
Additional	Notice of Default Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000043575
Date	Oct 30, 2019
Instrument	2019043575

Lender

Name	EXCHANGE BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount on Record

Tax Assessment & Valuation

The 2025 property tax bill for 309 Locust St was $1,045, up 125.7% from the year before.

Source: Lancaster County assessment roll, as of October 13, 2025

Property Jurisdictions

Type	Name
State	Nebraska
County	Lancaster County
Municipality	Panama Village
Unified School District	Norris School District 160 (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$1,045.00 (+125.7%)	$62,000 Land $12,400 Building $49,600	$62,000 Land $12,400 Building $49,600
2024	$463.00 (-17.76%)
2023	$563.00	$34,800 Land $5,300 Building $29,500	$34,800 Land $5,300 Building $29,500

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 309 Locust St in Zone X, an area of minimal flood risk, though there have been 1 flood claim nearby since 2008.

Source: FEMA National Flood Hazard Layer, effective September 15, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	1 in force
Nearby Flood Claims	1 (2008)
Most Recent Claim	Jun 2008 · Severe Storms, Tornadoes, And Flooding

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 309 Locust St is low, with a 0.03% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 93% of the US · lower than 88% of Nebraska
Wildfire Likelihood	0.03% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	VILLAGE OF PANAMA serves 250 people · EPA ID NE3110908
Water Source	Groundwater
Last State Inspection	Apr 2025
Lead	2 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 97 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Nextlink Fixed Wireless	500 / 100
Verizon Fixed Wireless	300 / 20
Windstream DSL · Fixed Wireless in parts of the area	200 / 20

May also be available: Big Red Communications, GigFire.

Cell Coverage

5G (outdoors only) and 4G LTE

Nearby Properties on Locust St

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