NOT LISTED FOR SALE

312 N Double Springs Rd Farmington, AR 72730

Estimated Value: $211,937 - $363,000

-- Bed
2 Baths
1,712 Sq Ft
$173/Sq Ft Est. Value

Last Sold June 21, 2019

Last sale price $128,000 $75 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $1,706/month

270 Days on Market

Highlights

  • Property is near a park
  • No HOA
  • Park
  • Jerry Pop Williams Elementary School Rated A-
  • Patio
  • Shops

About This Home

As of June 2019

Turnkey rental property ready for tenants. Seller has intentionally left vacant for showings. Brand new interior/exterior paint, vinyl plank flooring, fixtures, counters, etc. Estimated market rent is approximately $750 per unit. Both units have refrigerators and one unit has wash/dryer. Per FEMA map this property shows to be in flood zone A, but seller just had elevation certificate completed and verified it does not require flood insurance. Fantastic entry level rental property.

Last Agent to Sell the Property

Ryan Russell

Equity Partners Realty License #EB00056667 Listed on: 08/24/2018

Last Buyer's Agent

Will Schmidt

Arkansas Heritage Realty License #PB00057734

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $889

Year Built

  • Built in 1982

Lot Details

  • 0.3 Acre Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • Assigned Parking

Home Design

  • Duplex
  • Fixer Upper
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Masonite

Interior Spaces

  • 1,712 Sq Ft Home
  • 1-Story Property

Flooring

  • Ceramic Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Patio
  • Property is near a park

Listing and Financial Details

  • Tax Lot 27

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Farmington Creek Sub Subdivision

Amenities

  • Shops

Recreation

  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$889

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.3
  • Road Frontage Type: Public Road
  • Subdivision Name: Farmington Creek Sub
  • Directions: From Hwy 62 in Farmington go North on Double Springs Road. Duplex on right at corner of Ecology and Double Springs. There's a driveway off both streets.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1982
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex,Multi Family
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Gas Water Heater, Range, Refrigerator, Washer
  • Basement YN: No
  • Flooring: Ceramic Tile, Vinyl
  • Interior Amenities: None
  • Living Area: 1712.0
  • Window Features: Single Pane
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Partial
  • Lot Features: Level, Near Park
  • Construction Type: Frame, Masonite
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Patio And Porch Features: Patio
  • Property Condition: Fixer
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Assigned, Two Spaces

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Near Fire Station, Near Schools, Park, Shopping
  • Association: No

Schools

  • Junior High Dist: Farmington

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 889.0
  • Tax Block: n/a
  • Tax Lot: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 7, 2009
Sold by
Bowman Homer H and Bowman Inez I
Bought by
Bowman Diane Kim
Current Estimated Value
$295,984

Purchase Details

Closed on
Apr 14, 1993
Bought by
Bowman Homer H and Bowman Inez I

Purchase Details

Closed on
Mar 12, 1993
Bought by
Bowman Diane Kim

Purchase Details

Closed on
Mar 7, 1986
Bought by
Bowman Diane Kim

Purchase Details

Closed on
Jan 1, 1985
Bought by
Doyle Owen Paul and Mary Lou
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
Bowman Diane Kim -- None Available
Bowman Homer H -- --
Bowman Diane Kim -- --
Bowman Diane Kim $42,000 --
Doyle Owen Paul -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2019 06/21/19 Sold $128,000 -14.6% $75 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
08/24/2018 08/24/18 For Sale $149,900 -- $88 / 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
2024 $1,256 $35,960 $7,700 $28,260
2023 $1,201 $35,960 $7,700 $28,260
2022 $1,092 $20,370 $6,000 $14,370
2021 $1,098 $20,370 $6,000 $14,370
2020 $1,098 $20,370 $6,000 $14,370
2019 $898 $16,590 $6,000 $10,590
2018 $898 $16,590 $6,000 $10,590
2017 $889 $16,590 $6,000 $10,590
2016 $889 $16,590 $6,000 $10,590
2015 $889 $16,590 $6,000 $10,590
2014 $977 $18,220 $6,000 $12,220
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2019

    Ryan Russell

    Equity Partners Realty

    (479) 466-6177

    3 in this area

    60 Total Sales

    Ryan Russell
    Section Image

  • W

    Buyer's Agent in 2019

    Will Schmidt

    Arkansas Heritage Realty

    (501) 416-2822

    5 in this area

    36 Total Sales

    Will Schmidt
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1088259

Northwest Arkansas Board of REALTORS®

APN: 760-01005-000

Arkansas Washington County Farmington 72730

312 N Double Springs Rd, Farmington, AR

This home is located at 312 N Double Springs Rd, Farmington, AR 72730 since 24 August 2018 and is currently estimated at $295,984, approximately $172 per square foot. This property was built in 1982. 312 N Double Springs Rd is a home located in Washington County with nearby schools including Randall G. Lynch Middle School, Jerry Pop Williams Elementary School, and Farmington Jr. High.

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.

Northwest Arkansas Board of REALTORS® 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. Information is deemed reliable but not guaranteed.

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