NOT LISTED FOR SALE

202 S 8th St Unit 204 S 8th St Heber Springs, AR 72543

Estimated Value: $78,000 - $127,000

2 Beds
2 Baths
784 Sq Ft
$119/Sq Ft Est. Value

Last Sold November 10, 2023

Last sale price $75,000 $96 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $519/month

16 Days on Market

Highlights

  • Traditional Architecture
  • Community Barbecue Grill
  • 1-Story Property
  • Furnished
  • Tile Flooring
  • Ceiling Fan

About This Home

As of November 2023

This affordable duplex in the heart of picturesque Heber Springs, Arkansas, is a must-see for savvy investors and those seeking an economical way to enter the real estate market. In fact, both sides of this duplex are already rented! Priced at just $99,000, this duplex may not last long! Each side of this charming duplex features an efficient, well-maintained efficiency-style rental unit, providing an excellent opportunity to generate consistent rental income. The layout of each unit includes a cozy living space, a functional kitchenette, a comfortable semi-private bedroom area, and a convenient bathroom. Both sides share a clothes washer and dryer. One electric water heater serves both units and the shared washing machine. The building is cooled by room air conditioners (window units), and heated by a space heater in each side. Although the entire duplex is plumbed for natural gas, both units are currently all electric. The duplex has a new maintenance-free metal roof, and new electric water heater. One of the units comes fully-furnished... and even includes dishes, pots and pans, linens and towels, and etc. Both refrigerators and both ovens/ranges will stay for the new owner.

Last Agent to Sell the Property

Glenn Dillard

United Country Real Estate Natural State Home & Land Listed on: 10/03/2023

Co-Listed By

James Dillard

United Country Real Estate Natural State Home & Land

Last Buyer's Agent

Shelia Hill

Crye*Leike Brock Real Estate

Crye*Leike Brock Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $287

Year Built

  • Built in 1946

Lot Details

  • 0.25 Acre Lot
  • Level Lot
  • Cleared Lot

Parking

  • Parking Pad

Home Design

  • Duplex
  • Traditional Architecture
  • Wood Walls
  • Metal Roof
  • Masonite

Interior Spaces

  • 784 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Sheet Rock Walls or Ceilings
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Insulated Doors
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Stove

Flooring

  • Tile
  • Luxury Vinyl Tile

Laundry

  • Dryer
  • Washer

Schools

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

Utilities

  • Window Unit Cooling System
  • Space Heater
  • Window Unit Heating System
  • Electric Water Heater

Community Details

  • 2 Units
  • Community Barbecue Grill

Listing and Financial Details

  • Assessor Parcel Number 300-02476-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$287

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Traditional
  • Inside City Limits: Yes
  • LVT Date: 10/03/2023
  • Price Per Sq Ft: 95.66
  • Road Surface: Paved
  • Street Designation: Street
  • Type: Duplex
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Zoning: Duplex 2 U
  • Source Of Sq Ft: Seller Disclosure, Tax Records
  • Estimated Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1946

Interior Features

  • Floors: Tile, Luxury Vinyl
  • Foundation: Crawl Space
  • Stories: One Story
  • Interior Amenities: Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Hot Water Heater-Electric, Smoke Detector, Fan - Ceiling, Furnished, Window Treatments
  • Walls: Sheet Rock, Wood
  • Ceiling: Sheet Rock
  • Kitchen Equipment: Free-Standing Stove, Electric Range, Refrigerator-Stays

Exterior Features

  • Exterior: Masonite
  • Roof: Metal

Garage/Parking

  • Garage/Parking: Parking Pads

Utilities

  • Utilities: Sewer-Public, Water-Public, Electric-Municipal
  • Heating And Air Cond: Window Units, Space Heater-Electric

Schools

  • Elementary School: Heber Springs
  • Middle School: Heber Springs
  • High School: Heber Springs

Lot Info

  • Estimated Lot Size: 0.25
  • Estimated Lot Size: .25
  • Lot: Level, Cleared, In Subdivision
  • Geo Subdivision: AR
  • Parcel Number: 300-02476-000

Green Features

  • Energy Features: Insulated Windows, Insulated Doors

Rental Info

  • Lease Type: Yearly

Multi Family

  • Annual Expenses: 3732
  • Maximum Rent One Bedroom: 550
  • Minimum Rent One Bedroom: 550
  • Number Of One Bathroom Unitss: 2
  • Number Of One Bedroom Units: 2
  • Number Units: 2

Tax Info

  • Annual Taxes: 287.2
  • Year: 2023

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2021
Sold by
Wicker David and Wicker Vicki
Bought by
Loftis Janet
Current Estimated Value
$93,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,462
Outstanding Balance
$31,231
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$62,285

Purchase Details

Closed on
May 23, 2017
Sold by
Hollowell Hollowell G and Hollowell Cynthia Jane
Bought by
Wicker David and Wicker Vicki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,153
Interest Rate
4.1%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 19, 2002
Bought by
Hollowell George M and Hollowell Linda M

Purchase Details

Closed on
Feb 5, 2001
Bought by
Mccaskill Mccaskill S and Mccaskill Holly A

Purchase Details

Closed on
Jul 12, 1996
Bought by
Mccaskill William D and Mccaskill Gladys S
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Loftis Janet $45,950 None Available
Wicker David $36,500 General Land And Title Servi
Hollowell George M $38,500 --
Mccaskill Mccaskill S -- --
Mccaskill William D $29,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loftis Janet $34,462
Previous Owner Wicker David $39,153
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2023 11/10/23 Sold $75,000 -24.2% $96 / Sq Ft
10/19/2023 10/19/23 Pending -- -- --
10/03/2023 10/03/23 For Sale $99,000 -- $126 / 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 $287 $6,679 $1,200 $5,479
2023 $287 $6,679 $1,200 $5,479
2022 $287 $6,679 $1,200 $5,479
2021 $276 $6,416 $1,200 $5,216
2020 $276 $6,416 $1,200 $5,216
2019 $276 $6,416 $1,200 $5,216
2018 $264 $6,416 $1,200 $5,216
2017 $239 $6,416 $1,200 $5,216
2016 $217 $5,136 $750 $4,386
2015 $217 $5,136 $750 $4,386
2014 -- $5,136 $750 $4,386
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 23031436

Cooperative Arkansas REALTORS® MLS

APN: 300-02476-000