NOT LISTED FOR SALE

203 Melbourne Ln Cave Springs, AR 72718

Estimated Value: $1,135,000 - $1,458,000

5 Beds
4.5 Baths
4,563 Sq Ft
$281/Sq Ft Est. Value

Last Sold February 19, 2020

Last sale price $644,480 $141 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $7,523/month

12 Days on Market

Highlights

  • New Construction
  • Outdoor Pool
  • 0.59 Acre Lot
  • Evening Star Elementary School Rated A
  • Home fronts a pond
  • Family Room with Fireplace

About This Home

As of February 2020

TBB Williamson Floor Plan.

Last Agent to Sell the Property

Kelley Baertsch

Buffington Homes of Arkansas License #SA00078249 Listed on: 02/06/2020

Co-Listed By

Terrah Barber

Buffington Homes of Arkansas License #EB00080118

Last Buyer's Agent

Kelley Baertsch

Buffington Homes of Arkansas License #SA00078249 Listed on: 02/06/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,409

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 0.59 Acre Lot
  • Home fronts a pond
  • Landscaped
  • Cleared Lot

HOA Fees

  • $35 Monthly HOA Fees

Home Design

  • Home to be built
  • Block Foundation
  • Slab Foundation
  • Shingle Roof
  • Architectural Shingle Roof

Interior Spaces

  • 4,563 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • 3 Fireplaces
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Electric Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 4 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Outdoor Pool
  • Covered Patio or Porch
  • Outdoor Fireplace

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Hot Water Circulator
  • Gas Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 52

Community Details

Overview

  • Otter Creek Ph II Cave Springs Subdivision

Amenities

  • Shops

Recreation

  • Tennis Courts
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,409

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$35 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.59
  • Road Frontage Type: Public Road
  • Co List Office Mls Id: 00099
  • Co List Office Phone: 479- 435-6240
  • Subdivision Name: Otter Creek Ph II Cave Springs
  • Directions: N/A
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: Yes
  • Building Stories: 2
  • Structure Type: House
  • Year Built Details: New Construction
  • Year Built: 2020
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • ResoBuildingAreaSource: Plans
  • Special Features: NewHome
  • Stories: 2
  • Year Built: 2020

Interior Features

  • Appliances: Some Gas Appliances, Counter Top, Dishwasher, Electric Oven, Electric Range, Disposal, Gas Water Heater, Hot Water Circulator, Microwave, Range Hood
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Outside
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Wood
  • Interior Amenities: Walk-In Closet(s)
  • Living Area: 4563.0
  • ResoLivingAreaSource: Plans

Exterior Features

  • Fencing: None
  • Lot Features: Cleared, Landscaped, Subdivision
  • Pool Features: Pool, Community
  • Waterfront Features: Pond
  • Construction Type: Brick
  • Exterior Features: Concrete Driveway
  • Foundation Details: Block, Slab
  • Other Structures: None
  • Patio And Porch Features: Covered, Porch
  • Property Condition: To Be Built
  • Roof: Architectural, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 4.0
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Security System, Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Natural Gas Available, Septic Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Tennis Court(s), Trails/Paths, Near Schools, Pool, Shopping
  • Association Fee: 425.0
  • Association Fee Frequency: Annually
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: See Remarks

Schools

  • Junior High Dist: Bentonville

Lot Info

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

Tax Info

  • Tax Block: N/A
  • Tax Lot: 52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2020
Closed on
Feb 19, 2020
Sold by
Buffington Homes Of Arkansas Llc
Bought by
Hanson Michael S and Hanson Catherine M
Seller's Agent
Kelley Baertsch
Buffington Homes of Arkansas
Buyer's Agent
Kelley Baertsch
Buffington Homes of Arkansas
List Price
$627,680
Sold Price
$644,480
Premium/Discount to List
$16,800
2.68%
Current Estimated Value
$1,280,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$635,594
Avg. Annual Appreciation
12.91%
Original Mortgage
$558,018
Outstanding Balance
$494,086
Interest Rate
3.6%
Mortgage Type
VA
Estimated Equity
$785,988

Purchase Details

Closed on
May 7, 2019
Sold by
Otter Creek Neighborhood Llc
Bought by
Buffington Homes Of Arkansas Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
4%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 15, 2011
Bought by
Cave Spgs Muni Po #3 188Pc
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
Hanson Michael S $644,480 First National Title Company
Buffington Homes Of Arkansas Llc $75,000 First National Title Company
Cave Spgs Muni Po #3 188Pc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanson Michael S $558,018
Previous Owner Buffington Homes Of Arkansas Llc $325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2020 02/19/20 Sold $644,480 +2.7% $141 / Sq Ft
02/06/2020 02/06/20 For Sale $627,680 -- $138 / 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 $8,409 $214,199 $19,000 $195,199
2024 $8,373 $214,199 $19,000 $195,199
2023 $7,975 $130,090 $19,000 $111,090
2022 $8,192 $130,090 $19,000 $111,090
2021 $8,549 $130,090 $19,000 $111,090
2020 $1,412 $11,600 $11,600 $0
2019 $1,412 $11,600 $11,600 $0
2018 $1,412 $11,600 $11,600 $0
2017 $0 $11,600 $11,600 $0
2016 $0 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Kelley Baertsch

    Buffington Homes of Arkansas

    Section Image

  • T

    Seller Co-Listing Agent in 2020

    Terrah Barber

    Buffington Homes of Arkansas

    (417) 319-8088

    110 in this area

    128 Total Sales

    Terrah Barber
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1138794

Northwest Arkansas Board of REALTORS®

APN: 05-11480-000

Arkansas Benton County Cave Springs 72718

203 Melbourne Ln, Cave Springs, AR

This home is located at 203 Melbourne Ln, Cave Springs, AR 72718 since 06 February 2020 and is currently estimated at $1,280,074, approximately $280 per square foot. This property was built in 2020. 203 Melbourne Ln is a home located in Benton County with nearby schools including Evening Star Elementary School, Bright Field Middle School, and Fulbright 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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