NOT LISTED FOR SALE

31 & 33 Dakota Trail Farmington, AR 72730

Estimated Value: $402,752 - $431,000

-- Bed
4 Baths
3,090 Sq Ft
$134/Sq Ft Est. Value

Last Sold July 18, 2018

Last sale price $205,000 $66 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $2,442/month

282 Days on Market

Highlights

  • 2 Car Attached Garage
  • Landscaped
  • Partially Fenced Property
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of July 2018

Great investment opportunity. Immaculate 3 bedroom 2 bath duplex 1545 sq. ft. per side. Open floor plan with lots of ceramic tile. Long term rental history, one tenant there 13 years. Lease rates well below market. Current leases are month to month.

Last Agent to Sell the Property

Mike Overton

M. Overton Realty and Property Management, LLC License #PB00034984 Listed on: 09/08/2017

Last Buyer's Agent

Doug Lossing

Southwinds Real Estate, Inc License #EB00062476

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,054

Year Built

  • Built in 2004

Lot Details

  • 0.29 Acre Lot
  • Partially Fenced Property
  • Landscaped

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Architectural Shingle Roof

Interior Spaces

  • 3,090 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 14

Community Details

Overview

  • 2 Units
  • South Haven Ph III Subdivision

Building Details

  • Gross Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,054

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.29
  • Road Frontage Type: Public Road
  • Subdivision Name: South Haven Ph III
  • Directions: I 49 S to exit 62 W 
S on Hunter Right on Briar Meadow
Left on Summerwood Left on Sweetwater to Dakota
  • Garage Yn: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 2004
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex,Multi Family
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Gas Water Heater
  • Basement YN: No
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 3090.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Partial
  • Lot Features: Landscaped, Subdivision
  • Construction Type: Brick
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Roof: Architectural, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Parking Features: Attached, Garage, Two Spaces, Garage Door Opener

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 16800.0

Tax Info

  • Tax Annual Amount: 2054.0
  • Tax Block: 0
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2017
Sold by
Phillips Loyd
Bought by
The Loyd W Phillips Trust
Current Estimated Value
$412,938

Purchase Details

Closed on
Aug 17, 2004
Sold by
Second Nature Landscapes Inc
Bought by
Phillips Loyd

Purchase Details

Closed on
Aug 26, 2003
Sold by
Commercial Properties Inc
Bought by
Deweese L John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,500
Interest Rate
5.71%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 11, 1993
Bought by
Commercial Properties, Inc
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
The Loyd W Phillips Trust -- None Available
Phillips Loyd $192,000 Waco Title Company
Deweese L John $35,000 Landtrust Title & Closing
Commercial Properties, Inc $453,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Deweese L John $125,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2018 07/18/18 Sold $205,000 -4.7% $66 / Sq Ft
06/18/2018 06/18/18 Pending -- -- --
09/08/2017 09/08/17 For Sale $215,000 -- $70 / 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 $3,225 $73,270 $9,000 $64,270
2024 $3,006 $73,270 $9,000 $64,270
2023 $2,874 $73,270 $9,000 $64,270
2022 $2,612 $48,740 $6,000 $42,740
2021 $2,479 $48,740 $6,000 $42,740
2020 $2,273 $48,740 $6,000 $42,740
2019 $2,074 $38,330 $6,000 $32,330
2018 $2,074 $38,330 $6,000 $32,330
2017 $2,054 $38,330 $6,000 $32,330
2016 $2,054 $38,330 $6,000 $32,330
2015 $2,054 $38,330 $6,000 $32,330
2014 $2,151 $40,130 $6,000 $34,130
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Mike Overton

    M. Overton Realty and Property Management, LLC

    (479) 530-3380

    1 in this area

    20 Total Sales

    Mike Overton
    Section Image

  • D

    Buyer's Agent in 2018

    Doug Lossing

    Southwinds Real Estate, Inc

See All Agents

Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1057741

Northwest Arkansas Board of REALTORS®

APN: 760-02614-000

Arkansas Washington County Farmington 72730

31 & 33 Dakota Trail, Farmington, AR

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