NOT LISTED FOR SALE

27 E Ridge Rd Mayflower, AR 72106

Estimated Value: $143,905 - $173,000

-- Bed
1 Bath
15,424 Sq Ft
$10/Sq Ft Est. Value

Last Sold December 20, 2023

Last sale price $1,015,000 $66 Per Sq Ft

Current estimated payment $928/month

97 Days on Market

Highlights

  • Multiple Garages
  • 5.68 Acre Lot
  • Tile Flooring
  • Conway Junior High School Rated A-
  • Traditional Architecture
  • Central Air

About This Home

As of December 2023

This is a fantastic 30 unit apartment complex with room to build another building adding even more units. The complex features 8 - 1 bedroom units and 22 - 2 bedroom units. There is also onsite coin operated laundry with provides extra income. The property is only 20 minutes from Little Rock and only 15 minutes from Conway. Both of these cities provide many jobs making this apartment complex conveniently located for any perspective tenants. if you are looking for a value add real estate investment, this is the investment for you. with the potential of building another building this would be a real smart move.

Last Agent to Sell the Property

David Sutton

RE/MAX Elite Listed on: 09/14/2023

RE/MAX Elite

Co-Listed By

Susan Sutton

RE/MAX Elite

Last Buyer's Agent

Victoria Vongsavath

Aclin Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,868

Year Built

  • Built in 1974

Lot Details

  • 5.68 Acre Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Architectural Shingle Roof

Interior Spaces

  • 15,424 Sq Ft Home
  • 2-Story Property
  • Stove
  • Washer Hookup

Flooring

  • Carpet
  • Laminate
  • Tile
  • Luxury Vinyl Tile

Parking

  • Multiple Garages
  • Parking Pad

Location

  • Outside City Limits

Utilities

  • Central Air
  • Septic System

Community Details

  • 30 Units

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,868

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Traditional
  • LVT Date: 09/14/2023
  • Price Per Sq Ft: 65.81
  • Road Surface: Paved
  • Street Designation: Lane
  • Type: Apartments
  • Zoning: muli res
  • Source Of Sq Ft: Tax Records
  • Estimated Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1974

Interior Features

  • Floors: Partial Carpet, Tile, Laminate, Luxury Vinyl
  • Foundation: Slab
  • Stories: Two Story
  • Interior Amenities: Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Washer/Dryer-Comm. Out
  • Kitchen Equipment: Free-Standing Stove

Exterior Features

  • Exterior: Brick & Frame Combo, Block
  • Roof: Architectural Shingle
  • Exterior Features: Dumpster

Garage/Parking

  • Garage/Parking: Parking Pads, Four Car Or More

Utilities

  • Utilities: Septic, Water-Public
  • Heating And Air Cond: Central Cool -Unspecified, Central Heat -Unspecified

Lot Info

  • Estimated Lot Size: 5.68
  • Estimated Lot Size: 5.68 Acres
  • Lot: Level, Not In Subdivision, Out Of City
  • Geo Subdivision: AR

Multi Family

  • Annual Expenses: 34131
  • Tenant Expenses: All Utilities
  • Maximum Rent One Bedroom: 525
  • Maximum Rent Two Bedroom: 665
  • Minimum Rent One Bedroom: 400
  • Minimum Rent Two Bedroom: 395
  • Number Of One Bedroom Units: 8
  • Number Of Two Bedroom Units: 22
  • Number Units: 30

Tax Info

  • Annual Taxes: 1868.45

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 17, 2007
Bought by
Barlow
Current Estimated Value
$157,726

Purchase Details

Closed on
Aug 21, 2007
Bought by
Barlow
Source: Public Records

Range of Values:

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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
Barlow -- --
Barlow -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barrow Glenna L $12,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2023 12/20/23 Sold $1,015,000 -24.8% $66 / Sq Ft
09/14/2023 09/14/23 For Sale $1,350,000 -- $88 / 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 $823 $24,700 $5,000 $19,700
2023 $823 $15,840 $5,000 $10,840
2022 $513 $15,840 $5,000 $10,840
2021 $495 $15,840 $5,000 $10,840
2020 $483 $15,590 $5,000 $10,590
2019 $483 $15,590 $5,000 $10,590
2018 $508 $15,590 $5,000 $10,590
2017 $508 $15,590 $5,000 $10,590
2016 $508 $15,590 $5,000 $10,590
2015 $788 $16,140 $5,000 $11,140
2014 $473 $16,140 $5,000 $11,140
Source: Public Records

Agents Affiliated with this Home

  • David Sutton

    Seller's Agent in 2023

    David Sutton

    RE/MAX

    (501) 658-7299

    1 in this area

    272 Total Sales

    David Sutton
    Section Image
  • Susan Sutton

    Seller Co-Listing Agent in 2023

    Susan Sutton

    RE/MAX

    (501) 766-1248

    1 in this area

    230 Total Sales

    Susan Sutton
    Section Image
  • Victoria Vongsavath

    Buyer's Agent in 2023

    Victoria Vongsavath

    Aclin Realty

    (614) 530-6900

    1 in this area

    58 Total Sales

    Victoria Vongsavath
    Section Image
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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 23029015

Cooperative Arkansas REALTORS® MLS

APN: 760-00836-000

Arkansas Faulkner County Mayflower 72106

27 E Ridge Rd, Mayflower, AR

This home is located at 27 E Ridge Rd, Mayflower, AR 72106 since 14 September 2023 and is currently estimated at $157,726, approximately $10 per square foot. This property was built in 1974. 27 E Ridge Rd is a home located in Faulkner County with nearby schools including Bob Courtway Middle School, Preston & Florence Mattison Elementary School, and Conway 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.

Cooperative Arkansas REALTORS® MLS 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.

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