NOT LISTED FOR SALE
Studio
-- Baths
15,550 Sq Ft
8 Acre Lot

Sale Details

Date Sold: November 16, 2021

Last sale price $3,400,000 $219 Per Sq Ft

22 Days on Market

About This Home

As of November 2021

Coldwell Banker Commercial is proud to offer, for sale, Mallard Point Apartments. Located in Stuttgart, Arkansas, Mallard Point is known as one of the premiere apartment complexes in Stuttgart. Built in 2017 and currently at 100% occupancy with a waiting list. The complex sits on 8 acres and the master plan has been approved for another 48 units to be built. Please See Attached Packet 48 units 44 2br 2 bath 4. 1br 1 bath Mailroom Office 8 acres Fenced/gated/security cameras 1 year old Fully sprinkled each building Master plan already approved through city another 40 units. 22 2br down @ 715.00 22 2br upstairs @ 690.00 2 1br down @ 615.00 2 1br upstairs @ 590.00

Last Agent to Sell the Property

Kodi Griffin

Coldwell Banker/Village Comm License #00078008 Listed on: 07/01/2021

Coldwell Banker/Village Comm

Co-Listed By

Brooke Wells

Coldwell Banker/Village Comm License #00085286

Coldwell Banker/Village Comm

Last Buyer's Agent

Brooke Wells

Coldwell Banker/Village Comm License #00085286

Coldwell Banker/Village Comm
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Property Details

Home Type

  • Multi-Family

Lot Details

  • 8 Acre Lot

Home Design

Interior Spaces

  • 15,550 Sq Ft Home
  • 2-Story Property

Schools

  • Stuttgart High School

Community Details

  • 48 Units

Property Details

Home Type

Multi-Family

Lot Details

8 Acres

Listing Details

  • Type: Multi-Family
  • Property Sub Type: Apartments
  • Builder Owned: No
  • Legal Description: Comm SW corner of SEC 16 TH EGO'
  • Levels: Two Story
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Square Foot: 218.65
  • Square Footage: 15550.0

Exterior Features

  • Flood Zone: No

Condo/Co-op/Association

  • Association: nearkansas

Lot Info

  • Acres: 8.0000
  • Lot Measurement: A
  • Lot Size Sq Ft: 348480.0
  • Price Per Acre: 425000.00

Multi Family

  • Number Of Units: 48

MLS Schools

  • Elementary School: Other
  • HighSchool: Stuttgart
  • Jr High School: Other

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2023
Sold by
Merugu and Merugu Anand
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,912,000
Interest Rate
25%

Purchase Details

Closed on
Sep 11, 2023
Sold by
Anand Merugu and Jagadeesh Duvvuru
Bought by
Elevate Operations Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,912,000
Interest Rate
25%

Purchase Details

Closed on
Sep 8, 2023
Sold by
Greenvillemall 3795 North Llc
Bought by
Merugu Anand and Duvvuru Jagadeesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,912,000
Interest Rate
25%

Purchase Details

Listed on
Jul 1, 2021
Closed on
Nov 15, 2021
Sold by
J & R Stuttgart Llc
Bought by
Greenvillemall 3795 North Llc
Seller's Agent
Kodi Griffin
Coldwell Banker/Village Comm
Buyer's Agent
Brooke Wells
Coldwell Banker/Village Comm
List Price
$3,400,000
Sold Price
$3,400,000
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Stuttgart, AR

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Waco Title Company
Elevate Operations Llc $4,160,000 Waco Title Company
Merugu Anand -- Waco Title Company
Greenvillemall 3795 North Llc $3,400,000 Professional Land Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $2,912,000
Closed Elevate Operations Llc $2,912,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/16/2021 11/16/21 Sold $3,400,000 0.0% $219 / Sq Ft
07/23/2021 07/23/21 Pending -- -- --
07/01/2021 07/01/21 For Sale $3,400,000 -- $219 / Sq Ft
Source: Northeast Arkansas Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $37,230 $664,821 $36,800 $628,021
2024 $37,230 $664,821 $36,800 $628,021
2023 $31,256 $664,821 $36,800 $628,021
2022 $24,914 $507,410 $36,800 $470,610
2021 $24,647 $507,410 $36,800 $470,610
2019 $24,427 $507,410 $36,800 $470,610
2018 $24,317 $507,410 $36,800 $470,610
2017 $56 $1,140 $1,140 $0
2016 $56 $1,140 $1,140 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Arkansas Board of REALTORS®

MLS Number: 10094484

Northeast Arkansas Board of REALTORS®

APN: 074-00001-100

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