NOT LISTED FOR SALE

16008 Boundary Line Rd Garfield, AR 72732

Estimated Value: $250,000 - $487,000

-- Bed
-- Bath
3,624 Sq Ft
$102/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $350,000 $97 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,217/month

14 Days on Market

Highlights

  • Property is near a park
  • Park
  • Attached Carport
  • Window Unit Cooling System
  • Ceramic Tile Flooring
  • Partially Fenced Property

About This Home

As of May 2024

Excellent Opportunity to Own 1.66 Acres of HWY 62 Frontage plus 4 individual income producing Homes in Beautiful Garfield. NWA's rapid growth present many future investment possibilities for this property. Please call to schedule an appointment today. .

Last Agent to Sell the Property

Matt Mulson

Coldwell Banker Harris McHaney & Faucette -Fayette Brokerage Phone: 479-521-0220 License #SA00075285 Listed on: 04/11/2024

Coldwell Banker Harris McHaney & Faucette -Fayette

Last Buyer's Agent

Denise Contreras-Serrano

DC Real Estate License #EB00080926

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,125

Lot Details

  • 1.66 Acre Lot
  • Property fronts a highway
  • Partially Fenced Property
  • Wire Fence
  • Level Lot
  • Open Lot
  • Cleared Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Metal Roof
  • Masonite

Interior Spaces

  • 3,624 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 1 Car Garage
  • Attached Carport
  • Gravel Driveway
  • Assigned Parking

Location

  • Property is near a park

Utilities

  • Window Unit Cooling System
  • Propane
  • Electric Water Heater
  • Septic Tank

Community Details

Overview

  • 4 Units
  • 36 21 29 Rural Subdivision

Recreation

  • Park

Building Details

  • Gross Income $33,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,125

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 1.66
  • Road Frontage Type: Highway, Public Road, Shared
  • Road Surface Type: Gravel, Paved
  • Subdivision Name: 36-21-29-RURAL
  • Directions: Take Exit 86 and Go East on HWY 62. Stay on HWY 62 approximately 12mi. Go through Avoca and Boundary Line Rd. will be on your right. Property can also be accessed directly from its HWY 62 Frontage.
  • Carport Y N: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: 25 Years or older
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Multi Family
  • ResoBuildingAreaSource: PublicRecords
  • Attribution Contact: 479-521-0220
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Crawl Space
  • Basement YN: No
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Living Area: 3624.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Chain Link, Partial, Wire
  • Lot Features: Cleared, Level, Not In Subdivision, Near Park, Open Lot
  • Construction Type: Masonite
  • Exterior Features: Gravel Driveway
  • Foundation Details: Crawlspace, Slab
  • Roof: Asphalt, Metal, Shingle

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Parking Features: Attached Carport, Assigned, Asphalt

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Natural Gas Available, Propane, Septic Available

Condo/Co-op/Association

  • Community Features: Near State Park, Park

Schools

  • Junior High Dist: Pea Ridge

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 33300.0

Tax Info

  • Tax Annual Amount: 2125.0
  • Tax Block: N/A
  • Tax Lot: N/A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2024
Closed on
May 31, 2024
Sold by
Sherwin Lesli
Bought by
Olvera Luis
Seller's Agent
Matt Mulson
Coldwell Banker Harris McHaney & Faucette -Fayette
Buyer's Agent
Denise Contreras-Serrano
DC Real Estate
List Price
$389,535
Sold Price
$350,000
Premium/Discount to List
-$39,535
-10.15%
Views
26
Current Estimated Value
$368,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,549
Avg. Annual Appreciation
3.37%
Original Mortgage
$240,000
Outstanding Balance
$236,130
Interest Rate
8.59%
Mortgage Type
New Conventional
Estimated Equity
$132,419

Purchase Details

Closed on
Sep 27, 2018
Sold by
Colf Daniel and Colf Joyce
Bought by
Sherwin Lesli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 24, 2003
Bought by
Colf

Purchase Details

Closed on
Dec 8, 2003
Bought by
N and A

Purchase Details

Closed on
Oct 7, 2003
Bought by
Oconnor

Purchase Details

Closed on
Sep 20, 1997
Bought by
Dod 09-20-1997

Purchase Details

Closed on
Nov 9, 1995
Bought by
Oconner

Purchase Details

Closed on
Jan 4, 1995
Bought by
Oconnor

Purchase Details

Closed on
Aug 24, 1993
Bought by
Gramling

Purchase Details

Closed on
Aug 28, 1989
Bought by
Gramling
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
Olvera Luis $350,000 Lenders Title Company
Sherwin Lesli $190,000 Lenders Title Company
Colf $118,000 --
N -- --
Shelt -- --
Oconnor -- --
Dod 09-20-1997 -- --
Oconner -- --
Oconnor $85,000 --
Gramling -- --
Gramling $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olvera Luis $240,000
Previous Owner Sherwin Lesli $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2024 05/31/24 Sold $350,000 -10.1% $97 / Sq Ft
04/26/2024 04/26/24 Pending -- -- --
04/11/2024 04/11/24 For Sale $389,535 -- $107 / Sq Ft
Source: Northwest Arkansas Board of REALTORS®

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
2025 $3,357 $64,673 $5,976 $58,697
2024 $2,234 $64,673 $5,976 $58,697
2023 $2,031 $39,140 $4,320 $34,820
2022 $2,658 $39,140 $4,320 $34,820
2021 $2,478 $39,140 $4,320 $34,820
2020 $2,353 $32,240 $2,490 $29,750
2019 $2,353 $32,240 $2,490 $29,750
2018 $2,274 $32,240 $2,490 $29,750
2017 $2,148 $32,240 $2,490 $29,750
2016 $2,067 $32,240 $2,490 $29,750
2015 $1,426 $27,470 $1,800 $25,670
2014 $1,901 $27,470 $1,800 $25,670
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Matt Mulson

    Coldwell Banker Harris McHaney & Faucette -Fayette

    (479) 879-0916

    46 Total Sales

    Matt Mulson
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1272189

Northwest Arkansas Board of REALTORS®

APN: 18-05667-000

Arkansas Benton County Garfield 72732

16008 Boundary Line Rd, Garfield, AR

Not Listed for Sale

MultiFamily

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