NOT LISTED FOR SALE

1501 Central Ave Lincoln, AR 72744

Estimated Value: $197,000 - $232,672

3 Beds
2 Baths
1,501 Sq Ft
$142/Sq Ft Est. Value

Sale Details

Date Sold: September 12, 2023

Last sale price $195,000 $130 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,256 / mo

2 Days on Market

Highlights

  • Property is near park and schools
  • Separate Outdoor Workshop
  • 2 Car Attached Garage
  • Attic
  • Porch
  • Built-In Features

About This Home

As of September 2023

This charming all-brick home has been well-maintained and has lots to offer! With wood laminate throughout, large living area, and an open galley kitchen, it is great for entertaining. Laundry Room has a mud sink and the oversized garage has a great work bench area! Large 14X 22 outbuilding has electricity and would be great as a workshop or an extra garage with the Roll up door! New HVAC November 2022 and New Water Heater 2023! Book a private showing today!

Last Agent to Sell the Property

Jessica Mefford

Coldwell Banker Harris McHaney & Faucette -Fayette License #SA00077511 Listed on: 08/01/2023

Coldwell Banker Harris McHaney & Faucette -Fayette

Last Buyer's Agent

Randy Ivy

Weichert REALTORS - The Griffin Company Springdale License #SA00089971

Weichert REALTORS - The Griffin Company Springdale

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $884

Year Built

  • Built in 1971

Lot Details

  • 17,424 Sq Ft Lot
  • Back Yard Fenced
  • Level Lot
  • Cleared Lot

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1,501 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Gas Log Fireplace
  • Crawl Space
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Electric Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Separate Outdoor Workshop
  • Outbuilding
  • Porch

Location

  • Property is near park and schools
  • City Lot

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 20

Community Details

Overview

  • Reed Add Subdivision

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$884

Year Built

Built in 1971

Lot Details

0.4 Acres

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.4
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Subdivision Name: Reed Add
  • Directions: Take Hwy 62 to Lincoln. Turn south onto Mitchell, curves into Hembree. Turn south onto Central. House is on the right.
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: House
  • Year Built Details: 25 Years or older
  • Year Built: 1971
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • ResoBuildingAreaSource: Appraiser
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 1971

Interior Features

  • Appliances: Dishwasher, Electric Range, Disposal, Gas Water Heater, Microwave, Plumbed For Ice Maker
  • Has Basement: Crawl Space
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Laminate
  • Interior Amenities: Attic, Built-in Features, Ceiling Fan(s)
  • Living Area: 1501.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Fencing: Back Yard
  • Lot Features: Cleared, City Lot, Level, Near Park
  • Waterfront Features: None
  • Construction Type: Brick
  • Exterior Features: Concrete Driveway
  • Foundation Details: Block, Crawlspace
  • Other Structures: Outbuilding, Workshop
  • Patio And Porch Features: Porch
  • Roof: Asphalt, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Parking Features: Attached, Garage

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Near Schools, Park

Schools

  • Junior High Dist: Lincoln

Lot Info

  • Zoning Description: Residential
  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 884.0
  • Tax Block: na
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Sep 11, 2023
Sold by
Sipes William J and Sipes Hannah E
Bought by
Rhein Chandler A and Rhein Marlayna G
Seller's Agent
Jessica Mefford
Coldwell Banker Harris McHaney & Faucette -Fayette
Buyer's Agent
Randy Ivy
Weichert REALTORS - The Griffin Company Springdale
List Price
$195,000
Sold Price
$195,000
Views
11
Current Estimated Value
$212,918

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,918
Avg. Annual Appreciation
3.37%
Original Mortgage
$199,090
Outstanding Balance
$194,629
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$18,289

Purchase Details

Listed on
Jan 30, 2020
Closed on
Apr 9, 2020
Sold by
Boyles Phillip T
Bought by
Sipes William J and Kaltved Hannah E
Seller's Agent
Robin Grisso
Bassett Mix And Associates, Inc
Buyer's Agent
Jessica Mefford
Coldwell Banker Harris McHaney & Faucette -Fayette
List Price
$135,000
Sold Price
$116,500
Premium/Discount to List
-$18,500
-13.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.20%
Original Mortgage
$117,676
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 29, 2016
Closed on
Aug 9, 2016
Sold by
Moore Joshua D and Moore Kendra A
Bought by
Boyles Phillip
Seller's Agent
Kim Jones
Team Ag Real Estate Inc
Buyer's Agent
Elizabeth Moody
Lindsey & Associates Inc
List Price
$89,000
Sold Price
$89,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.61%
Original Mortgage
$91,516
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Moore Joshua D and Moore Kendra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,899
Interest Rate
5.71%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 27, 2005
Sold by
Bond F La Verne and Hale Donald W
Bought by
Carr Jeffrey N and Carr Lorri A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
7.72%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 28, 1988
Bought by
Bond Troy and Bond F

Purchase Details

Closed on
Jun 25, 1976
Bought by
Carrington Earl and Carrington Virginia
Source: Public Records
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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
Rhein Chandler A $195,000 Mercury Title
Sipes William J $116,500 Waco Title Company
Boyles Phillip $89,000 Waco Title Company
Moore Joshua D $45,000 Associates Closing & Title
Carr Jeffrey N $110,000 Lenders
Bond Troy $40,000 --
Carrington Earl -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rhein Chandler A $199,090
Previous Owner Sipes William J $117,676
Previous Owner Boyles Phillip $91,516
Previous Owner Moore Joshua D $76,899
Previous Owner Carr Jeffrey N $78,000
Closed Carr Jeffrey N $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2023 09/12/23 Sold $195,000 0.0% $130 / Sq Ft
08/03/2023 08/03/23 Pending -- -- --
08/01/2023 08/01/23 For Sale $195,000 +67.4% $130 / Sq Ft
04/09/2020 04/09/20 Sold $116,500 -13.7% $78 / Sq Ft View Prior Sale
03/10/2020 03/10/20 Pending -- -- --
01/30/2020 01/30/20 For Sale $135,000 +51.7% $91 / Sq Ft
08/09/2016 08/09/16 Sold $89,000 0.0% $58 / Sq Ft View Prior Sale
07/10/2016 07/10/16 Pending -- -- --
05/29/2016 05/29/16 For Sale $89,000 -- $58 / Sq Ft
Source: Northwest Arkansas Board of REALTORS®

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
2025 $1,529 $39,860 $6,000 $33,860
2024 $1,629 $39,860 $6,000 $33,860
2023 $896 $39,860 $6,000 $33,860
2022 $884 $23,220 $3,000 $20,220
2021 $884 $23,220 $3,000 $20,220
2020 $673 $23,220 $3,000 $20,220
2019 $952 $17,570 $2,400 $15,170
2018 $952 $17,570 $2,400 $15,170
2017 $944 $17,570 $2,400 $15,170
2016 $944 $17,570 $2,400 $15,170
2015 $944 $17,570 $2,400 $15,170
2014 $959 $17,860 $3,510 $14,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1252594

Northwest Arkansas Board of REALTORS®

APN: 790-18583-000

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