NOT LISTED FOR SALE

3098 Summerhill Place Fairfield Bay, AR 72088

Estimated Value: $53,000 - $58,000

1 Bed
1 Bath
480 Sq Ft
$236/mo HOA Fee

Last Sold July 13, 2021

Last sale price $26,500 $55 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $553/month

18 Days on Market

Highlights

  • Marina
  • Deck
  • Furnished
  • Golf Course Community
  • Stream or River on Lot
  • Community Pool

About This Home

As of July 2021

EFFICIENCY STUDIO with updates! Kitchen has full range, refrigerator, new cabinets, new flooring. Full bath. Turn Key with everything you need. Rear deck overlooks wooded area. Washer-dryer closet on back deck. Appliances included. Tenant Occupied, with Lease to be honored.

Last Agent to Sell the Property

Willena Herman

Goodwin & Herman Associates Branch of Arkansas Mountain Real Estate Listed on: 05/26/2021

Last Buyer's Agent

Willena Herman

Goodwin & Herman Associates Branch of Arkansas Mountain Real Estate Listed on: 05/26/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $174

Year Built

  • Built in 1985

Lot Details

  • 1,307

HOA Fees

Home Design

  • Frame Construction
  • Composition Roof
  • Masonite

Interior Spaces

  • 480 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Insulated Doors
  • Open Floorplan

Kitchen

  • Electric Range
  • Stove

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Car Garage
  • Parking Pad
  • Assigned Parking

Outdoor Features

  • Stream or River on Lot
  • Deck
  • Porch

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Co-Op Electric
  • Electric Water Heater
  • Shared Sewer
  • Satellite Dish
  • Cable TV Available

Community Details

Overview

  • Other Mandatory Fees

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Bike Trail

Additional Features

  • Picnic Area
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$174

Year Built

Built in 1985

Lot Details

0

HOA Fees

$236 per month

Listing Details

  • Class: Residential
  • Ext Features: Deck, Porch
  • Inside City Limits: Yes
  • LVT Date: 07/15/2021
  • Price Per Sq Ft: 55.21
  • Road Surface: Paved
  • Type: Condo/Townhse/Duplex/Apt
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Estimated Year Built: 1985
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 344
  • Year Built: 1985

Interior Features

  • Dining Room: Kitchen/Dining Combo, Living/Dining Combo
  • Estimated Sq Ft: 480
  • Bedrooms: 1
  • Floors: Laminate, Tile
  • Full Bathrooms: 1
  • Interiors: Water Heater-Electric, Window Treatments, Ceiling Fan(s), Furnished
  • Kitchen Equip: Free-Standing Stove, Electric Range, Refrigerator-Stays

Exterior Features

  • Exterior: Frame, Masonite
  • Roof: Composition

Garage/Parking

  • Parking: Parking Pads, One Car, Assigned

Utilities

  • Utilities: Water-Public, Electric-Co-Op, Tv-Cable, Tv-Satellite Dish, Some Util Avl-Not On Prop, Community Sewer
  • Heat Air: Central Cool-Electric, Central Heat-Electric, Heat Pump

Condo/Co-op/Association

  • Amenities: Swimming Pool(s), Tennis Court(s), Playground, Security, Picnic Area, Mandatory Fee, Marina, Golf Course, Fitness/Bike Trail
  • Additional Association Condo Fee: 137.7
  • Additional Fee Frequency: Monthly
  • Condo Association Fee: 98
  • Frequency: Monthly

Green Features

  • Energy Features: Insulated Doors, Insulated Windows

Lot Info

  • Lot: Resort Property, In Subdivision, River/Lake Area
  • Geo Subdivision: AR

Tax Info

  • Annual Taxes: 174
  • Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2021
Closed on
Jul 13, 2021
Sold by
Company B Properties Llc
Bought by
517 Properties Llc
Seller's Agent
Willena Herman
Goodwin & Herman Associates Branch of Arkansas Mountain Real Estate
Buyer's Agent
Willena Herman
Goodwin & Herman Associates Branch of Arkansas Mountain Real Estate
List Price
$26,500
Sold Price
$26,500
Current Estimated Value
$55,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,015
Avg. Annual Appreciation
20.71%
Original Mortgage
$242,250
Outstanding Balance
$218,430
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
-$160,770

Purchase Details

Listed on
Aug 13, 2018
Closed on
Mar 6, 2019
Sold by
Franklin Robert F and Franklin Mary K
Bought by
Company B Properties Llc
Seller's Agent
Willena Herman
Goodwin & Herman Associates Branch of Arkansas Mountain Real Estate
Buyer's Agent
V. Dale Tice
Nichols Realty Express
List Price
$19,400
Sold Price
$18,000
Premium/Discount to List
-$1,400
-7.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.81%

Purchase Details

Closed on
Oct 22, 1986
Bought by
Young
Source: Public Records

Range of Values:

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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
517 Properties Llc $116,500 Aldworth John C
Company B Properties Llc $18,000 First National Title Co
Young $47,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 517 Properties Llc $242,250
Previous Owner Freudenberg Paul $30,000
Previous Owner Smith Patricia Ann $7,439
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2021 07/13/21 Sold $26,500 0.0% $55 / Sq Ft
06/13/2021 06/13/21 Pending -- -- --
05/26/2021 05/26/21 For Sale $26,500 +47.2% $55 / Sq Ft
03/04/2019 03/04/19 Sold $18,000 -4.8% $38 / Sq Ft
02/11/2019 02/11/19 Pending -- -- --
10/16/2018 10/16/18 Price Changed $18,900 -2.6% $40 / Sq Ft
08/13/2018 08/13/18 For Sale $19,400 +55.2% $41 / Sq Ft
04/03/2013 04/03/13 Sold $12,500 -28.6% $26 / Sq Ft
03/04/2013 03/04/13 Pending -- -- --
09/25/2012 09/25/12 For Sale $17,500 -- $36 / 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 $185 $3,860 $570 $3,290
2023 $185 $3,860 $570 $3,290
2022 $185 $3,860 $570 $3,290
2021 $185 $3,860 $570 $3,290
2020 $185 $3,860 $570 $3,290
2019 $155 $3,240 $570 $2,670
2018 $155 $3,240 $570 $2,670
2017 $154 $3,240 $570 $2,670
2015 -- $3,520 $570 $2,950
2014 -- $3,520 $570 $2,950
2013 -- $3,520 $570 $2,950
Source: Public Records

Agents Affiliated with this Home

  • Willena Herman

    Seller's Agent in 2021

    Willena Herman

    Goodwin & Herman Associates Branch of Arkansas Mountain Real Estate

    (501) 253-1419

    178 Total Sales

    Willena Herman
    Section Image

  • V

    Buyer's Agent in 2019

    V. Dale Tice

    Nichols Realty Express

    Section Image
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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 21022544

Cooperative Arkansas REALTORS® MLS

APN: 4905-03098-0013

Arkansas Van Buren County Fairfield Bay 72088

3098 Summerhill Place, Fairfield Bay, AR

This home is located at 3098 Summerhill Place, Fairfield Bay, AR 72088 since 26 May 2021 and is currently estimated at $55,515, approximately $115 per square foot. This property was built in 1985. 3098 Summerhill Place is a home located in Van Buren County with nearby schools including Shirley Elementary School and Shirley 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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