NOT LISTED FOR SALE

1603 N Leverett Ave Fayetteville, AR 72703

Downtown Fayetteville Neighborhood

Estimated Value: $338,000 - $696,000

-- Bed
1 Bath
5,079 Sq Ft
$109/Sq Ft Est. Value

Last Sold November 27, 2017

Last sale price $540,000 $106 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,396/month

63 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Window Unit Cooling System
  • Holt Middle School Rated A-
  • 1 Car Attached Garage
  • Central Heating and Cooling System

About This Home

As of November 2017

Excellent Investment Property. Less than 1 mile from UofA campus. Seven one bed, one bath apartments and a three bed, one bath house in front. Community laundry room.

Last Agent to Sell the Property

Keith Purifoy

Pure Homes Real Estate License #PB00076974 Listed on: 08/25/2017

Last Buyer's Agent

Elayne James

Northwest Arkansas Board of REALTORS License #SA00074742

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,456

Year Built

  • Built in 1961

Lot Details

  • 436 Sq Ft Lot
  • Privacy Fence
  • Wood Fence
  • Chain Link Fence
  • Level Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 5,079 Sq Ft Home
  • 2-Story Property
  • Gas Log Fireplace
  • Crawl Space
  • Fire and Smoke Detector

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • 1 Car Attached Garage
  • Parking Lot

Location

  • City Lot

Utilities

  • Window Unit Cooling System
  • Central Heating and Cooling System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Fayetteville Outlots Subdivision

Building Details

  • Gross Income $62,100

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,456

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential
  • Lot Size Acres: 0.01
  • Road Frontage Type: Public Road
  • Subdivision Name: Fayetteville Outlots
  • Directions: I49, Exit 64 East onto W. Wedington, continue straight onto W North St, Left onto Leverett, Apts on the left
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1961
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Apartment,Multi Family
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Crawl Space
  • Basement YN: No
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Wood
  • Living Area: 5079.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Chain Link, Privacy, Wood
  • Lot Features: City Lot, Level
  • Construction Type: Brick
  • Exterior Features: Concrete Driveway
  • Foundation Details: Crawlspace, Slab
  • Roof: Asphalt, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Parking Features: Attached, Garage, Parking Lot

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Fayetteville

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 8
  • Number Of Units Total: 8
  • Annual Gross Income: 62100.0

Tax Info

  • Tax Annual Amount: 3456.0
  • Tax Block: 0
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2020
Sold by
Blue Gate Properties Llc
Bought by
J W Horton Realty Llc
Current Estimated Value
$551,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,550
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 28, 2017
Sold by
Cedar Mountain Properties Llc
Bought by
Greenlee Lauren and Miller Daniel E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 18, 2015
Closed on
May 14, 2015
Bought by
Cedar Mountain Properties Llc
Seller's Agent
Clay Morton
Collier & Associates
Buyer's Agent
Clay Morton
Collier & Associates
List Price
$405,500
Sold Price
$325,000
Premium/Discount to List
-$80,500
-19.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.44%

Purchase Details

Closed on
Aug 1, 2005
Sold by
Mckay Jeff M and Payne Peggy
Bought by
Lightbearers Ministries International In

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2003
Sold by
Campbell/Eoff Partnership
Bought by
Mckay Jeff M and Payne Peggy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 1997
Bought by
Stockaler Robert

Purchase Details

Closed on
Oct 28, 1997
Bought by
Rayor Frederick G and Rayor Randa K

Purchase Details

Closed on
May 4, 1995
Bought by
Rayor Frederick G and Rayor Randa K

Purchase Details

Closed on
May 1, 1992
Bought by
Rayor Frederick G and Rayor Randa K

Purchase Details

Closed on
Jan 1, 1985
Bought by
Novotny Frank L and Novotny Orvilla K
Source: Public Records

Range of Values:

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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
J W Horton Realty Llc $590,000 Citywide Title & Cloing
Greenlee Lauren $540,000 Waco Title Co
Cedar Mountain Properties Llc $325,000 --
Lightbearers Ministries International In $350,000 Waco Title Company
Mckay Jeff M $280,000 Landtrust Title & Closing
Stockaler Robert $174,000 --
Rayor Frederick G -- --
Rayor Frederick G -- --
Rayor Frederick G $155,000 --
Novotny Frank L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed J W Horton Realty Llc $495,550
Previous Owner Greenlee Lauren $432,000
Previous Owner Lightbearers Ministries International In $280,000
Previous Owner Mckay Jeff M $224,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2017 11/27/17 Sold $540,000 -1.6% $106 / Sq Ft
10/28/2017 10/28/17 Pending -- -- --
08/25/2017 08/25/17 For Sale $549,000 +68.9% $108 / Sq Ft
05/15/2015 05/15/15 Sold $325,000 -19.9% $110 / Sq Ft
04/15/2015 04/15/15 Pending -- -- --
02/18/2015 02/18/15 For Sale $405,500 -- $137 / 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
2024 $4,691 $112,370 $23,100 $89,270
2023 $4,373 $112,370 $23,100 $89,270
2022 $3,970 $68,500 $12,770 $55,730
2021 $3,970 $68,500 $12,770 $55,730
2020 $3,835 $68,500 $12,770 $55,730
2019 $3,486 $60,160 $12,770 $47,390
2018 $3,486 $60,160 $12,770 $47,390
2017 $3,456 $60,160 $12,770 $47,390
2016 $3,456 $60,160 $12,770 $47,390
2015 $3,294 $60,160 $12,770 $47,390
2014 $3,072 $57,150 $16,700 $40,450
Source: Public Records

Agents Affiliated with this Home

  • Keith Purifoy

    Seller's Agent in 2017

    Keith Purifoy

    Pure Homes Real Estate

    (479) 841-5717

    3 in this area

    55 Total Sales

    Keith Purifoy
    Section Image

  • E

    Buyer's Agent in 2017

    Elayne James

    Northwest Arkansas Board of REALTORS

  • C

    Seller's Agent in 2015

    Clay Morton

    Collier & Associates

    (479) 957-6566

    13 in this area

    14 Total Sales

    Clay Morton
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1056762

Northwest Arkansas Board of REALTORS®

APN: 765-13970-000

Arkansas Washington County Fayetteville 72703 Downtown Fayetteville

1603 N Leverett Ave, Fayetteville, AR

This home is located at 1603 N Leverett Ave, Fayetteville, AR 72703 since 25 August 2017 and is currently estimated at $551,535, approximately $108 per square foot. This property was built in 1961. 1603 N Leverett Ave is a home located in Washington County with nearby schools including Asbell Elementary School, Holt Middle School, and Woodland Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Arkansas Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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