NOT LISTED FOR SALE
2 Beds
1 Bath
11,631 Sq Ft
0.33 Acre Lot

Sale Details

Date Sold: May 28, 2020

Last sale price $486,000 $42 Per Sq Ft

5 Days on Market

Highlights

  • Covered Patio or Porch
  • Brick or Stone Mason
  • Property is near schools
  • Balcony
  • Ceramic Tile Flooring
  • Heating Available

About This Home

As of May 2020

This value-add opportunity is an 18 unit garden style apartment with a massive courtyard, 1.6 mile distance from the University of Arkansas-Fort Smith, the highly coveted Free Ferry Road that features countless high end homes, and a recently replaced roof. The centrally located location affords an investor to continue the C-Class business plan of the current ownership, or to add value to the complex and reposition it as a B- Class asset.

Last Agent to Sell the Property

Joshua Harmon

Harmon Real Estate Company License #PB00080746 Listed on: 04/22/2020

Last Buyer's Agent

Joshua Harmon

Harmon Real Estate Company License #PB00080746 Listed on: 04/22/2020

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Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,846

Year Built

  • Built in 1985

Lot Details

  • 14,375 Sq Ft Lot
  • Lot Dimensions are 109x131x109x131

Home Design

  • Brick or Stone Mason
  • Brick Foundation
  • Shingle Roof
  • Architectural Shingle Roof

Interior Spaces

  • 11,631 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • Driveway
  • Assigned Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Location

  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 9 / 2
  • Assessor Parcel Number 12101-0010-00002-00

Community Details

Overview

  • 18 Units
  • East Heights Subdivision

Building Details

  • Operating Expense $28,823
  • Gross Income $76,654
  • Net Operating Income $43,835

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,846

Year Built

Built in 1985

Lot Details

0.33 Acres

Listing Details

  • Reso Property Sub Type: Apartment
  • Prop. Type: Residential
  • ResoLotFeatures: Subdivision
  • Co List Office Mls Id: F3678
  • ResoSpecialListingConditions: None
  • Subdivision Name: East Heights
  • Directions: Head North on Park Avenue, turn left on N. 36th Street, and property is located at 36th Stret & Barry Avenue
  • Carport Y N: No
  • Reso Flooring: Carpet, Ceramic Tile, Vinyl
  • Garage Yn: No
  • Unit Levels: Two
  • Reso Roof: Architectural, Shingle
  • Year Built Details: 25 Years or older
  • Year Built: 1985
  • ResoBuildingAreaSource: PublicRecords
  • Property Sub Type Additional: Apartment,Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Built: 1985

Interior Features

  • Appliances: Electric Water Heater
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: None
  • Acres: 0.33
  • Construction Type: Brick
  • Exterior Features: Concrete Driveway
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Balcony, Covered

Garage/Parking

  • Parking Features: Assigned, Concrete, Driveway

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric
  • HeatingYN: Yes

Condo/Co-op/Association

  • Community Features: Near Schools

Lot Info

  • Lot Dimensions: 109x131x109x131
  • Parcel #: 12101-0010-00002-00

Multi Family

  • Number Of Units In Community: 18
  • Number Of Units Total: 1
  • Annual Gross Income: 76654.0
  • Annual Operating Expense: 28823.0

Tax Info

  • Tax Annual Amount: 3846.0
  • Tax Block: 2
  • Tax Lot: 9

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
Jul 16, 2025
Sold by
Bought by

Purchase Details

Listed on
Apr 22, 2020
Closed on
May 27, 2020
Sold by
Bought by
Seller's Agent
Joshua Harmon
Harmon Real Estate Company
Buyer's Agent
Joshua Harmon
Harmon Real Estate Company
List Price
$504,000
Sold Price
$486,000
Premium/Discount to List
-$18,000
-3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,800
Interest Rate
3.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 21, 2014
Sold by
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
$172,245
Interest Rate
4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 19, 2010
Sold by
Bought by

Purchase Details

Closed on
Aug 31, 2005
Sold by
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
$270,000
Interest Rate
5.81%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 9, 1987
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Listed On Document
$486,000 Guaranty Abstract & Title Co
-- Western Arkansas Title Svcs
-- None Available
$300,000 None Available
$250,000 --
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
Previous Owner $960,000
Previous Owner $676,000
Previous Owner $388,800
Previous Owner $172,245
Previous Owner $348,300
Previous Owner $270,000
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
05/28/2020 05/28/20 Sold $486,000 -3.6% $42 / Sq Ft
04/28/2020 04/28/20 Pending -- -- --
04/22/2020 04/22/20 For Sale $504,000 -- $43 / Sq Ft
Source: Western River Valley 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 $4,115 $99,685 $5,750 $93,935
2024 $3,383 $64,430 $4,310 $60,120
2023 $3,741 $64,430 $4,310 $60,120
2022 $3,741 $64,430 $4,310 $60,120
2021 $3,741 $64,430 $4,310 $60,120
2020 $3,741 $64,430 $4,310 $60,120
2019 $3,846 $66,240 $2,160 $64,080
2018 $3,846 $66,240 $2,160 $64,080
2017 $3,477 $66,240 $2,160 $64,080
2016 $3,103 $66,240 $2,160 $64,080
2015 $3,103 $66,240 $2,160 $64,080
2014 $2,821 $53,735 $4,305 $49,430
Source: Public Records

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Map

Source: Western River Valley Board of REALTORS®

MLS Number: 1032688

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