NOT LISTED FOR SALE

302 NW 7th St Bentonville, AR 72712

Estimated Value: $546,000 - $678,000

2 Beds
1 Bath
935 Sq Ft
$662/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $380,000 $406 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,717/month

18 Days on Market

Highlights

  • Guest House
  • Property is near a park
  • Park
  • Sugar Creek Elementary School Rated A
  • Corner Lot
  • Trails

About This Home

As of September 2021

Location! Location! Location! Rare opportunity to buy a corner lot in the heart of Downtown Bentonville!

With 2 rental homes!!

This property is full of opportunities and perfect for those seeking to invest in Downtown Bentonville.

The property being purchased has 2 rental homes and are professionally managed.
302 NW 7th - lease ends 9/30/2021 - 935 square feet per county records
703 NW B - lease ends 2/28/2022 - 760 square feet per county records

Homes sold AS IS.
Tenant Occupied.
No showings.
Price based on land value.

Last Agent to Sell the Property

Chris Jones

C Real Estate License #PB00088553 Listed on: 08/12/2021

Last Buyer's Agent

Chris Jones

C Real Estate License #PB00088553 Listed on: 08/12/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,351

Year Built

  • Built in 1981

Lot Details

  • 7,405 Sq Ft Lot
  • South Facing Home
  • Corner Lot

Home Design

  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 935 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • No Cooling
  • No Hot Water

Additional Features

  • Guest House
  • Property is near a park

Listing and Financial Details

  • Legal Lot and Block 12 / 27

Community Details

Overview

  • Demings 2Nd Add Bentonville Subdivision

Recreation

  • Park
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,351

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Road Frontage Type: Shared
  • Subdivision Name: Demings 2nd Add Bentonville
  • Directions: Corner of NW 7th & B in downtown Bentonville.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: House
  • Year Built Details: 25 Years or older
  • Year Built: 1981
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 1981

Interior Features

  • Appliances: No Hot Water
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: None
  • Living Area: 935.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: None
  • Lot Features: Corner Lot, Near Park
  • Waterfront Features: None
  • Construction Type: Other, See Remarks
  • Direction Faces: South
  • Exterior Features: Unpaved Driveway
  • Foundation Details: Other, See Remarks
  • Other Structures: Guest House
  • Roof: Asphalt, Shingle

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Other
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Near Schools, Park, Trails/Paths

Schools

  • Junior High Dist: Bentonville

Lot Info

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

Tax Info

  • Tax Annual Amount: 1351.0
  • Tax Block: 27
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Sep 30, 2021
Sold by
Stanley Charles M and Stanley Jasmine
Bought by
Lang Bentonville Llc
Seller's Agent
Chris Jones
C Real Estate
Buyer's Agent
Chris Jones
C Real Estate
List Price
$375,000
Sold Price
$380,000
Premium/Discount to List
$5,000
1.33%
Current Estimated Value
$619,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,250
Avg. Annual Appreciation
12.46%
Original Mortgage
$0
Interest Rate
2.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 2005
Sold by
Benson Julia Ann
Bought by
Stanley Charles M and Stanley Jasmine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 16, 1995
Bought by
Benson

Purchase Details

Closed on
Aug 18, 1993
Bought by
Stout

Purchase Details

Closed on
Jul 27, 1993
Bought by
Benson

Purchase Details

Closed on
Mar 20, 1990
Bought by
Stout and Rigg

Purchase Details

Closed on
Aug 7, 1981
Bought by
Miles
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
Lang Bentonville Llc $380,000 First National Title
Stanley Charles M $160,000 None Available
Benson -- --
Stout -- --
Benson $60,000 --
Stout $48,000 --
Miles $33,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lang Bentonville Llc $0
Previous Owner Stanley Charles M $122,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $380,000 +1.3% $406 / Sq Ft
08/31/2021 08/31/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $375,000 0.0% $401 / Sq Ft
09/27/2019 09/27/19 Rented $825 0.0% --
08/28/2019 08/28/19 Under Contract -- -- --
08/07/2019 08/07/19 For Rent $825 +6.5% --
08/01/2017 08/01/17 Rented $775 -3.1% --
07/02/2017 07/02/17 Under Contract -- -- --
06/26/2017 06/26/17 For Rent $800 -- --
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 $5,363 $130,659 $72,569 $58,090
2024 $5,067 $130,659 $72,569 $58,090
2023 $3,199 $51,760 $42,950 $8,810
2022 $3,276 $51,760 $42,950 $8,810
2021 $1,472 $51,760 $42,950 $8,810
2020 $1,351 $31,400 $26,660 $4,740
2019 $1,261 $31,400 $26,660 $4,740
2018 $1,171 $31,400 $26,660 $4,740
2017 $961 $31,400 $26,660 $4,740
2016 $961 $31,400 $26,660 $4,740
2015 $870 $14,080 $4,000 $10,080
2014 $870 $14,080 $4,000 $10,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1193983

Northwest Arkansas Board of REALTORS®

APN: 01-02321-000