NOT LISTED FOR SALE

1180 Rainbow Rd Heber Springs, AR 72543

Estimated Value: $407,000 - $871,000

2 Beds
2.5 Baths
1,646 Sq Ft
$381/Sq Ft Est. Value

Last Sold August 30, 2016

Last sale price $180,000 $109 Per Sq Ft

Est. 248% increase in value since last sale

Current estimated payment $3,526/month

499 Days on Market

Highlights

  • Resort Property
  • River Nearby
  • Wooded Lot
  • River View
  • Deck
  • Wood Flooring

About This Home

As of August 2016

Great price for a nice riverfront home. Beautiful views of the river from both master suites and living area. Loft area for office or extra sleeping. Deck across the back to enjoy the river. This property is also close to the lake. So you can have the best of both worlds! Handicapped accessible.

Last Agent to Sell the Property

Jan Hearn

Crye*Leike Brock Real Estate Listed on: 03/20/2015

Crye*Leike Brock Real Estate

Last Buyer's Agent

Linda Eddings

Crye*Leike Brock Real Estate

Crye*Leike Brock Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,747

Year Built

  • Built in 2005

Lot Details

  • 1 Acre Lot
  • River Front
  • Rural Setting
  • Level Lot
  • Wooded Lot

HOA Fees

  • $8 Monthly HOA Fees

Home Design

  • Bungalow
  • Combination Foundation
  • Frame Construction
  • Architectural Shingle Roof

Interior Spaces

  • 1,646 Sq Ft Home
  • 1.5-Story Property
  • Sheet Rock Walls or Ceilings
  • Ceiling Fan
  • Open Floorplan
  • River Views
  • Basement

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Outdoor Features

  • River Nearby
  • Deck

Schools

  • Heber Springs Elementary And Middle School
  • Heber Springs High School

Utilities

  • Central Heating and Cooling System
  • Co-Op Electric
  • Propane
  • Electric Water Heater
  • Septic System
  • Satellite Dish
  • Cable TV Available

Community Details

  • Resort Property

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,747

Year Built

Built in 2005

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Class: Residential
  • Style: Bungalow/Cottage
  • Ext Features: Deck
  • River: Yes
  • River Name: Little Red River (Arkansas)
  • Road Surface: Paved
  • Type: Detached
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Estimated Year Built: 2005
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2005

Interior Features

  • Dining Room: Eat-In Kitchen, Kitchen/Dining Combo, Living/Dining Combo
  • Bedrooms: Primary Bedroom Apart, 2 Bedrooms Same Level
  • Estimated Sq Ft: 1646
  • Bedrooms: 2
  • Floors: Tile, Wood
  • Foundation: Slab/Crawl Combination
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interiors: Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Ceiling Fan(s), Walk-In Shower
  • Kitchen Equip: Free-Standing Stove, Microwave, Electric Range, Dishwasher
  • Other Rooms: Laundry, Basement
  • Stories: 1.5 Story
  • Walls Ceilings: Sheet Rock

Exterior Features

  • Exterior: Frame
  • Roof: Architectural Shingle
  • Waterfront: River

Utilities

  • Utilities: Septic, Water-Public, Electric-Co-Op, Gas-Propane/Butane, Tv-Cable, Tv-Satellite Dish
  • Heat Air: Central Cool-Electric, Central Heat-Electric

Condo/Co-op/Association

  • Condo Association Fee: 100
  • Frequency: Annual

Lot Info

  • Estimated Lot Size: 1
  • Estimated Lot Size: 1
  • Lot: Sloped, Level, Rural Property, Resort Property, River Front, River View, Wooded, In Subdivision, River/Lake Area
  • Geo Subdivision: AR

Tax Info

  • Annual Taxes: 1746.62

MLS Schools

  • Elementary School: Heber Springs
  • HighSchool: Heber Springs
  • Middle School: Heber Springs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2015
Closed on
Aug 26, 2016
Sold by
Kriwinski Jane
Bought by
Lee Brenda S and Lee Madison P
Seller's Agent
Jan Hearn
Crye*Leike Brock Real Estate
Buyer's Agent
Linda Eddings
Crye*Leike Brock Real Estate
List Price
$254,900
Sold Price
$180,000
Premium/Discount to List
-$74,900
-29.38%
Current Estimated Value
$626,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$446,514
Avg. Annual Appreciation
14.43%

Purchase Details

Closed on
May 17, 2002
Bought by
Lester William G and Lester Teri L

Purchase Details

Closed on
Dec 15, 1999
Bought by
Heinz, Eleanor, Trustee

Purchase Details

Closed on
Dec 1, 1989
Bought by
Heinz Norman L and Heinz Eleanor
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lee Brenda S $180,000 General Land & Title Service
Lester William G $210,000 --
Heinz, Eleanor, Trustee -- --
Heinz Norman L $13,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2016 08/30/16 Sold $180,000 -29.4% $109 / Sq Ft
07/31/2016 07/31/16 Pending -- -- --
03/20/2015 03/20/15 For Sale $254,900 -- $155 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,521 $99,554 $15,000 $84,554
2023 $2,596 $99,554 $15,000 $84,554
2022 $2,646 $99,554 $15,000 $84,554
2021 $940 $34,693 $14,000 $20,693
2020 $1,315 $34,693 $14,000 $20,693
2019 $940 $34,693 $14,000 $20,693
2018 $1,315 $34,693 $14,000 $20,693
2017 $1,315 $34,693 $14,000 $20,693
2016 $1,786 $47,121 $25,000 $22,121
2015 $1,786 $47,121 $25,000 $22,121
2014 $1,747 $46,085 $23,964 $22,121
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 15008296

Cooperative Arkansas REALTORS® MLS

APN: 002-09661-000