NOT LISTED FOR SALE

40&42 Rainsong St Farmington, AR 72730

Estimated Value: $317,518 - $383,000

-- Bed
4 Baths
2,274 Sq Ft
$154/Sq Ft Est. Value

Last Sold November 16, 2015

Last sale price $155,000 $68 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $2,026/month

16 Days on Market

Highlights

  • 1 Car Attached Garage
  • Shops
  • Central Heating and Cooling System
  • Built-In Features
  • Ceramic Tile Flooring
  • 1-Story Property

About This Home

As of November 2015

3 bedroom 2 bath & 1 car garage each side, washer, dryer and refrigerator. This brick duplex is very convenient to all shopping and the University of Arkansas. Parents if you have a student at U of A you should seriously look at purchasing this duplex & recover some equity insted of just rent receipts when they graduate! Great investment!

Last Agent to Sell the Property

Larry McMurray

McMurray and Associates Real Estate License #PB00006039 Listed on: 09/30/2015

Last Buyer's Agent

Donna Lukas

Coldwell Banker Harris McHaney & Faucette -Fayette License #SA00055940

Coldwell Banker Harris McHaney & Faucette -Fayette

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,738

Year Built

  • Built in 2002

Lot Details

  • 0.25

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2,274 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Blinds
  • Fire and Smoke Detector

Kitchen

  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Ceramic Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Utilities

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

Additional Features

  • 0.25 Acre Lot
  • City Lot

Community Details

Overview

  • 2 Units
  • Farmington Outlots 97 Anex Subdivision

Additional Features

  • Shops
  • Gross Income $16,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,738

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.25
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Subdivision Name: Farmington Outlots 97 Anex
  • Directions: I-49, take hwy 62 west into Farmington, left on South Hunter (Hwy 170), right on Rainsong. Duplex on right just after s-curve
  • Garage Yn: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale (less than 25 years old)
  • Year Built: 2002
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex,Multi Family
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1
  • Year Built: 2002

Interior Features

  • Appliances: Some Electric Appliances, Dryer, Dishwasher, Electric Water Heater, Disposal, Range, Refrigerator, Washer, Plumbed For Ice Maker
  • Basement YN: No
  • Flooring: Ceramic Tile, Vinyl
  • Interior Amenities: Built-in Features
  • Living Area: 2274.0
  • Window Features: Blinds
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: None
  • Lot Features: City Lot, Subdivision
  • Construction Type: Brick
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Roof: Asphalt, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Parking Features: Attached, Garage, One Space, Garage Door Opener

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Near Schools, Shopping

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 16200.0

Tax Info

  • Tax Annual Amount: 1738.0
  • Tax Block: 0000
  • Tax Lot: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2015
Closed on
Nov 13, 2015
Bought by
Ehrig Family Trust
Seller's Agent
Larry McMurray
McMurray and Associates Real Estate
Buyer's Agent
Donna Lukas
Coldwell Banker Harris McHaney & Faucette -Fayette
List Price
$160,000
Sold Price
$155,000
Premium/Discount to List
-$5,000
-3.12%
Current Estimated Value
$349,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,130
Avg. Annual Appreciation
8.46%

Purchase Details

Closed on
Oct 20, 2004
Sold by
Vanzant Landon T and Vanzant Christa
Bought by
Elk Horn Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 3, 2003
Sold by
K & S Properties Llc
Bought by
Vanzant Landon T and Vanzant Christa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ehrig Family Trust $155,000 --
Elk Horn Holdings Llc $170,000 Landtrust Title & Closing In
Vanzant Landon T $145,000 Landtrust Title & Closing In
Vanzant Landon T $145,000 Landtrust Title & Closing In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elk Horn Holdings Llc $115,000
Previous Owner Vanzant Landon T $116,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2015 11/16/15 Sold $155,000 -3.1% $68 / Sq Ft
10/17/2015 10/17/15 Pending -- -- --
09/30/2015 09/30/15 For Sale $160,000 -- $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 $2,280 $51,600 $8,400 $43,200
2024 $2,125 $51,600 $8,400 $43,200
2023 $2,031 $51,600 $8,400 $43,200
2022 $1,847 $34,450 $6,000 $28,450
2021 $1,787 $34,450 $6,000 $28,450
2020 $1,639 $34,450 $6,000 $28,450
2019 $1,484 $27,430 $5,000 $22,430
2018 $1,484 $27,430 $5,000 $22,430
2017 $1,470 $27,430 $5,000 $22,430
2016 $1,470 $27,430 $5,000 $22,430
2015 $1,470 $27,430 $5,000 $22,430
2014 $1,738 $32,430 $5,000 $27,430
Source: Public Records

Agents Affiliated with this Home

  • Larry McMurray

    Seller's Agent in 2015

    Larry McMurray

    McMurray and Associates Real Estate

    (479) 751-8654

    1 in this area

    22 Total Sales

    Larry McMurray
    Section Image

  • D

    Buyer's Agent in 2015

    Donna Lukas

    Coldwell Banker Harris McHaney & Faucette -Fayette

    Section Image
See All Agents

Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1000186

Northwest Arkansas Board of REALTORS®

APN: 760-01601-121

Arkansas Washington County Farmington 72730

40&42 Rainsong St, 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.

Nearby Homes