NOT LISTED FOR SALE

344-350 N Double Springs Rd Farmington, AR 72730

Estimated Value: $247,000 - $345,000

-- Bed
2 Baths
1,559 Sq Ft
$185/Sq Ft Est. Value

Last Sold April 02, 2013

Last sale price $47,500 $30 Per Sq Ft

Est. 508% increase in value since last sale

Current estimated payment $1,649/month

101 Days on Market

Highlights

  • Patio
  • Shops
  • Level Lot
  • Jerry Pop Williams Elementary School Rated A-
  • Central Heating and Cooling System
  • Carpet

About This Home

As of April 2013

HUD CASE #031-400345 (INSURED) HUD HOUSES ARE SOLD "AS IS" MARKETED BY WWW.MMREM.COM MORE PROPERTIES CAN BE FOUND ON WWW.HUDHOMESTORE.COM. THIS PROPERTY IS LOCATED CLOSE TO SCHOOLS AND SHOPPING. IT IS A ONE LEVEL DUPLEX THAT HAS TWO BEDROOMS AND ONE BATH,IN EACH SIDE. KITCHENS ARE LARGE AND HAVE A DINING AREA. THERE IS AN OUTSIDE STORAGE ROOM FOR EACH UNIT. THE TOTAL SQUARE FEET IS: 1559. IN FLOOD PLAIN.

Last Buyer's Agent

Ryan Russell

Equity Partners Realty License #EB00056667

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $485

Year Built

  • Built in 1982

Lot Details

  • Level Lot
  • Cleared Lot

Home Design

  • Duplex
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1,559 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Utilities

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

Additional Features

  • Patio
  • City Lot

Listing and Financial Details

  • Tax Lot 22

Community Details

Overview

  • 2 Units
  • Farmington Creek S/D Subdivision

Amenities

  • Shops

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$485

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size: UNKNOWN
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Subdivision Name: Farmington Creek S/D
  • Directions: FROM I-540 TURN WEST ON HWY 62 TO FARMINGTON, TURN NORTH ON RHEAS, THEN NORTH ON DOUBLE SPRINGS ROAD. THE PROPERTY WILL BE ON THE RIGHT SIDE OF THE STREET.
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: 25 Years or older
  • Year Built: 1982
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex,Multi Family
  • ResoBuildingAreaSource: Appraiser
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 1982

Interior Features

  • Appliances: Gas Water Heater
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Interior Amenities: None
  • Living Area: 1559.0
  • Window Features: Metal, Single Pane
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Fencing: None
  • Lot Features: Cleared, City Lot, Level
  • Waterfront Features: None
  • Disclosures: Flood Insurance Required, Flood Plain Disclosure
  • Construction Type: Frame
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Patio And Porch Features: Patio
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Two Spaces

Utilities

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

Condo/Co-op/Association

  • Community Features: Near Schools, Shopping

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Multi Family

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

Tax Info

  • Tax Annual Amount: 485.0
  • Tax Block: N/A
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2012
Closed on
Mar 28, 2013
Sold by
Secretary Of Hud
Bought by
Homestead Inc
Buyer's Agent
Ryan Russell
Equity Partners Realty
List Price
$74,000
Sold Price
$47,500
Premium/Discount to List
-$26,500
-35.81%
Current Estimated Value
$288,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,064
Avg. Annual Appreciation
15.37%
Original Mortgage
$38,000
Interest Rate
3.62%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 20, 2012
Sold by
Orellana Jose M and Orellana Anabel
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
May 25, 2010
Sold by
Orellana Jose M and Orellana Anabel
Bought by
Orellana Jose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,429
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 22, 2007
Sold by
Scheyder Joseph C and Scheyder Kathy
Bought by
Orellana Jose M and Orellana Anabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,300
Interest Rate
6.69%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 5, 2005
Sold by
Wells Fargo Bank Na
Bought by
The Secretary Of Hud

Purchase Details

Closed on
Sep 19, 1986
Bought by
Tanner Tanner O and Tanner May B

Purchase Details

Closed on
Jan 1, 1985
Bought by
Independence Fed Sav and Ln Asc
Source: Public Records

Range of Values:

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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
Homestead Inc -- Professional Land Title Comp
Wells Fargo Bank Na $121,888 None Available
Orellana Jose M -- None Available
Orellana Jose M $110,000 Lenders Title Company
The Secretary Of Hud -- None Available
Tanner Tanner O $53,000 --
Independence Fed Sav -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Homestead Inc $38,000
Previous Owner Orellana Jose M $106,429
Previous Owner Orellana Jose M $108,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2013 04/02/13 Sold $47,500 -35.8% $30 / Sq Ft
03/03/2013 03/03/13 Pending -- -- --
11/21/2012 11/21/12 For Sale $74,000 -- $47 / 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 $1,566 $37,430 $7,700 $29,730
2024 $1,487 $37,430 $7,700 $29,730
2023 $1,085 $30,560 $7,700 $22,860
2022 $987 $18,410 $6,000 $12,410
2021 $980 $18,410 $6,000 $12,410
2020 $898 $18,410 $6,000 $12,410
2019 $820 $15,150 $6,000 $9,150
2018 $820 $15,150 $6,000 $9,150
2017 $812 $15,150 $6,000 $9,150
2016 $812 $15,150 $6,000 $9,150
2015 $812 $15,150 $6,000 $9,150
2014 $812 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Buyer's Agent in 2013

    Ryan Russell

    Equity Partners Realty

    (479) 466-6177

    3 in this area

    63 Total Sales

    Ryan Russell
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 668649

Northwest Arkansas Board of REALTORS®

APN: 760-01000-000

Arkansas Washington County Farmington 72730

344-350 N Double Springs Rd, Farmington, AR

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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