$140,000
SOLD JUL 30, 2025

201 N Spain St Letona, AR 72085

-- Bed
-- Bath
2,001 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$70 Per Sq Ft

6% Below List Price

1 Day on Market

Highlights

  • Multiple Garages
  • Corner Lot
  • Landscaped
  • Southwest Middle School Rated A-
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

As of July 2025

Well-maintained Duplex Between Searcy & Pangburn! Perfect opportunity for a beginner investor or anyone looking to grow their rental portfolio. This solid investment property features a durable slab foundation and includes two all-electric units, each offering 3 bedrooms and 2 bathrooms. Tenants will appreciate the fenced-in backyards, providing privacy and space to enjoy the outdoors. Conveniently located between Searcy and Pangburn -- Don't miss this chance to own a strong income-producing property! Both units had hot water heaters replaced in last 2 years. New landscaping! Newer fridges in both as well!

Last Agent to Sell the Property

Sierra Burress

Michele Phillips & Co. Realtors Searcy Branch Listed on: 06/29/2025

Last Buyer's Agent

Billy Clark

Coldwell Banker Village Communities

Coldwell Banker Village Communities

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,049

Year Built

  • Built in 2012

Lot Details

  • 8,712 Sq Ft Lot
  • Rural Setting
  • Landscaped
  • Corner Lot
  • Level Lot

Parking

  • Multiple Garages

Home Design

  • Duplex
  • Slab Foundation
  • Architectural Shingle Roof
  • Metal Siding

Interior Spaces

  • 2,001 Sq Ft Home
  • 1-Story Property
  • Concrete Flooring

Kitchen

  • Electric Range
  • Stove
  • Dishwasher

Utilities

  • Central Heating and Cooling System
  • Co-Op Electric

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,049

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Inside City Limits: Yes
  • LVT Date: 07/28/2025
  • Price Per Sq Ft: 69.97
  • Road Surface: Paved
  • Street Designation: Lane
  • Type: Duplex
  • Estimated Year Built: 2012
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2012

Interior Features

  • Floors: Concrete
  • Foundation: Slab
  • Stories: One Story
  • Kitchen Equipment: Free-Standing Stove, Electric Range, Dishwasher, Pantry, Refrigerator-Stays

Exterior Features

  • Exterior: Metal/Vinyl Siding
  • Roof: Architectural Shingle

Garage/Parking

  • Garage/Parking: Four Car Or More

Utilities

  • Utilities: Sewer-Public, Water-Public, Electric-Co-Op
  • Heating And Air Cond: Central Cool-Electric, Central Heat-Electric

Lot Info

  • Estimated Lot Size: 0.2
  • Lot: Level, Corner Lot, Rural Property, Extra Landscaping, Not In Subdivision
  • Geo Subdivision: AR

Multi Family

  • Annual Expenses: 12500
  • Tenant Expenses: Electric, Water, Sewer
  • Maximum Rent Three Bedroom: 925
  • Minimum Rent Three Bedroom: 700
  • Number Of Three Bedroom Units: 2
  • Number Units: 2

Tax Info

  • Annual Taxes: 1049

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2005
Sold by
Pearce Charles R and Pearce Debbie
Bought by
Vancil Jimmie W and Vancil Helen J

Purchase Details

Closed on
Aug 3, 2001
Bought by
Pearce
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 Type Sale Price Title Company
Warranty Deed $8,000 None Available
Quit Claim Deed -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 Sold $140,000 -6.0% $70 / Sq Ft
07/29/2025 07/29/25 Pending -- -- --
07/28/2025 07/28/25 For Sale $149,000 -- $74 / 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 $80 $1,860 $1,860 $0
2023 $80 $1,860 $1,860 $0
2022 $80 $1,860 $1,860 $0
2021 $80 $1,860 $1,860 $0
2020 $80 $1,860 $1,860 $0
2019 $80 $1,860 $1,860 $0
2018 $80 $1,860 $1,860 $0
2017 $80 $1,860 $1,860 $0
2016 $80 $1,860 $1,860 $0
2015 $74 $1,740 $1,860 $0
2014 $69 $1,620 $1,860 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 25029904

Cooperative Arkansas REALTORS® MLS

APN: 011-00040-000