NOT LISTED FOR SALE

225 Barner St Fordyce, AR 71742

Estimated Value: $1,121,000

Studio
-- Bath
17,472 Sq Ft
$64/Sq Ft Est. Value

Last Sold December 29, 2020

Last sale price $600,000 $34 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $6,360/month

382 Days on Market

Highlights

  • 2.45 Acre Lot
  • Covered Patio or Porch
  • 1-Story Property
  • Traditional Architecture
  • Resident Manager or Management On Site
  • Central Heating and Cooling System

About This Home

As of December 2020

Great looking 24 unit all brick apartment complex. There are six separate quadplex units. Currently 22 of 24 units are leased. Has the potential to produce a minimum of $129,600. Please call for more details. This would make a great investment.

Last Agent to Sell the Property

Kelsey Bailey

Crye-Leike REALTORS NLR Branch Listed on: 12/13/2019

Crye-Leike REALTORS NLR Branch

Last Buyer's Agent

Rodney Rodgers

Re/Max Platinum

Re/Max Platinum

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,364

Year Built

  • Built in 1996

Lot Details

  • 2.45 Acre Lot
  • Partially Fenced Property
  • Chain Link Fence
  • Level Lot

Parking

  • Parking Pad

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Metal Siding

Interior Spaces

  • 17,472 Sq Ft Home
  • 1-Story Property
  • Sheet Rock Walls or Ceilings
  • Insulated Windows
  • Insulated Doors
  • Electric Range

Flooring

  • Carpet
  • Vinyl

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Electric Water Heater

Additional Features

  • Energy-Efficient Insulation
  • Covered Patio or Porch

Community Details

  • 24 Units
  • Resident Manager or Management On Site

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,364

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Traditional
  • Inside City Limits: Yes
  • LVT Date: 12/13/2019
  • Road Surface: Paved
  • Street Designation: Street
  • Type: Apartments
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Zoning: D2
  • Source Of Sq Ft: Courthouse
  • Estimated Year Built: 1996
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1996

Interior Features

  • Floors: Vinyl, Wall-To-Wall Carpet
  • Foundation: Slab
  • Stories: One Story
  • Interior Amenities: Hot Water Heater-Electric
  • Walls: Sheet Rock
  • Ceiling: Sheet Rock
  • Kitchen Equipment: Electric Range, Refrigerator-Stays

Exterior Features

  • Exterior: Brick, Metal/Vinyl Siding
  • Roof: Composition
  • Exterior Features: Partially Fenced, Dumpster, Covered, Porch, Chain Link

Garage/Parking

  • Garage/Parking: Parking Pads

Utilities

  • Utilities: Sewer-Public, Water-Public, Electric-Municipal, All Underground
  • Heating And Air Cond: Central Cool-Electric, Central Heat-Electric

Lot Info

  • Estimated Lot Size: 2.45
  • Estimated Lot Size: 106722
  • Lot: Level
  • Geo Subdivision: AR

Green Features

  • Energy Features: Insulated Windows, Insulated Doors, Extra Insulation

Rental Info

  • Lease Type: Yearly

Multi Family

  • Tenant Expenses: Electric, Cable
  • Maximum Rent Two Bedroom: 450
  • Minimum Rent Two Bedroom: 355
  • Number Of One Bathroom Unitss: 24
  • Number Of Two Bedroom Units: 24
  • Number Units: 24

Tax Info

  • Annual Taxes: 5364

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2019
Closed on
Dec 29, 2020
Sold by
High Heights Apartments Lp
Bought by
Besim Properties Llc
Seller's Agent
Kelsey Bailey
Crye-Leike REALTORS NLR Branch
Buyer's Agent
Rodney Rodgers
Re/Max Platinum
List Price
$680,000
Sold Price
$600,000
Premium/Discount to List
-$80,000
-11.76%
Current Estimated Value
$1,121,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$521,000
Original Mortgage
$609,128
Outstanding Balance
$481,707
Interest Rate
2.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Besim Properties Llc $600,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Besim Properties Llc $609,128
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/01/2021 01/01/21 Off Market $600,000 -- --
12/29/2020 12/29/20 Sold $600,000 -7.7% $34 / Sq Ft
08/05/2020 08/05/20 Price Changed $650,000 -4.4% $37 / Sq Ft
12/13/2019 12/13/19 For Sale $680,000 -- $39 / 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
2025 $6,048 $120,470 $5,120 $115,350
2024 $6,048 $120,470 $5,120 $115,350
2023 $6,616 $131,800 $5,120 $126,680
2022 $6,616 $131,800 $5,120 $126,680
2021 $6,616 $131,800 $5,120 $126,680
2020 $6,616 $131,800 $5,120 $126,680
2019 $5,901 $131,800 $5,120 $126,680
2018 $5,364 $118,680 $5,120 $113,560
2017 $5,364 $118,680 $5,120 $113,560
2016 $5,364 $118,680 $5,120 $113,560
2015 -- $118,680 $5,120 $113,560
2014 -- $118,680 $5,120 $113,560
2013 -- $107,990 $5,130 $102,860
Source: Public Records

Agents Affiliated with this Home

  • Kelsey Bailey

    Seller's Agent in 2020

    Kelsey Bailey

    Crye-Leike

    (501) 416-7337

    1 in this area

    24 Total Sales

    Kelsey Bailey
    Section Image
  • Rodney Rodgers

    Buyer's Agent in 2020

    Rodney Rodgers

    RE/MAX

    (870) 543-9936

    1 in this area

    45 Total Sales

    Rodney Rodgers
    Section Image
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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 19038834

Cooperative Arkansas REALTORS® MLS

APN: 970-03728-001

Arkansas Dallas County Fordyce 71742

225 Barner St, Fordyce, AR

Not Listed for Sale

MultiFamily

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