NOT LISTED FOR SALE

40 Olmedo Way Hot Springs Village, AR 71909

Estimated Value: $400,000 - $499,765

3 Beds
2.5 Baths
2,900 Sq Ft
$156/Sq Ft Est. Value

Last Sold December 18, 2015

Last sale price $255,500 $88 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $2,606/month

153 Days on Market

Highlights

  • Marina
  • Gated Community
  • 5.74 Acre Lot
  • Golf Course Community
  • Scenic Views
  • Clubhouse

About This Home

As of December 2015

Beautiful 5 acre lot with 3 bedroom, 2.5 bath home. Entire interior repainted. Added laundry room main floor. Totally remodeled owners suite to include 2 closets, redesigned open kitchen/dining floor plan updated with granite counters, PLUS hardwood floors ALL in 2012. Multiple decks overlook vista views of mountains. Lower level includes 2 guest rooms with additional living area and private deck. Low maintenance landscaping creates the perfect get-away destination. Better hurry!

Last Agent to Sell the Property

Jane Hollansworth

RE/MAX of Hot Springs Village Listed on: 06/18/2015

RE/MAX of Hot Springs Village

Last Buyer's Agent

Hunter Ray

Ultra Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,963

Year Built

  • Built in 1996

Lot Details

  • 5.74 Acre Lot
  • Cul-De-Sac

HOA Fees

  • $38 Monthly HOA Fees

Property Views

  • Scenic Vista
  • Mountain

Home Design

  • 2-Story Property
  • Combination Foundation
  • Frame Construction
  • Architectural Shingle Roof

Interior Spaces

  • 2,900 Sq Ft Home
  • Built-in Bookshelves
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Great Room
  • Family Room
  • Combination Kitchen and Dining Room
  • Game Room

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Whirlpool Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Parking

  • 2 Car Detached Garage
  • Carport

Outdoor Features

  • Deck

Schools

  • Fountain Lake Elementary And Middle School
  • Fountain Lake High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Co-Op Electric
  • Electric Water Heater
  • Septic System

Community Details

Overview

  • Other Mandatory Fees

Amenities

  • Picnic Area
  • Sauna
  • Clubhouse
  • Party Room

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Community Spa
  • Bike Trail

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,963

Year Built

Built in 1996

Lot Details

0

HOA Fees

$38 per month

Listing Details

  • Restrictions: Covenants
  • Class: Residential
  • Style: Ranch
  • Ext Features: Deck
  • Road Surface: Paved
  • Street Designation: Way
  • Type: Detached
  • Estimated Year Built: 1996
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1996

Interior Features

  • Dining Room: Kitchen/Dining Combo
  • Fireplace: Woodburning-Prefab., Gas Logs Present
  • Bedrooms: Primary Bedroom/Main Lv
  • Estimated Sq Ft: 2900
  • Bedrooms: 3
  • Floors: Wood, Carpet
  • Foundation: Slab/Crawl Combination
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interiors: Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Whirlpool/Hot Tub/Spa, Built-Ins, Ceiling Fan(s), Walk-In Shower, Breakfast Bar
  • Kitchen Equip: Built-In Stove, Microwave, Surface Range, Dishwasher, Disposal, Wall Oven
  • Other Rooms: Great Room, Den/Family Room, Game Room, Laundry
  • Stories: Two Story

Exterior Features

  • Exterior: Frame
  • Roof: Architectural Shingle

Garage/Parking

  • Parking: Garage, Carport, Two Car, Detached

Utilities

  • Utilities: Septic, Electric-Co-Op, Poa Water
  • Heat Air: Central Cool-Electric, Heat Pump, Zoned Units

Condo/Co-op/Association

  • Amenities: Swimming Pool(s), Tennis Court(s), Sauna, Playground, Clubhouse, Security, Party Room, Picnic Area, Mandatory Fee, Marina, Hot Tub, Golf Course, Fitness/Bike Trail, Gated Entrance
  • Condo Association Fee: Entrance Security
  • Condo Association Fee: 37.52
  • Frequency: Monthly

Schools

  • Junior High: Fountain Lake

Lot Info

  • Estimated Lot Size: 5.74
  • Estimated Lot Size: 663x900x337x337
  • Lot: Cul-De-Sac, In Subdivision, Mountain View, Vista View
  • Geo Subdivision: AR

Tax Info

  • Annual Taxes: 1963.34
  • Year: 2014

MLS Schools

  • Elementary School: Fountain Lake
  • HighSchool: Fountain Lake
  • Middle School: Fountain Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2015
Closed on
Dec 2, 2015
Sold by
Lawson James D and Lawson Carolyn
Bought by
Reed Jeffrey
Seller's Agent
Jane Hollansworth
RE/MAX of Hot Springs Village
Buyer's Agent
Hunter Ray
Ultra Properties
List Price
$274,500
Sold Price
$255,500
Premium/Discount to List
-$19,000
-6.92%
Current Estimated Value
$453,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,941
Avg. Annual Appreciation
5.98%
Original Mortgage
$204,400
Outstanding Balance
$161,801
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$291,640

Purchase Details

Closed on
Jan 5, 2012
Sold by
Hot Springs Bank & Trust Co
Bought by
Smith Custom Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2011
Sold by
Hot Springs Bank & Trust Co
Bought by
Smith Custom Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2011
Bought by
Hs Bank & Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
3.92%
Mortgage Type
VA

Purchase Details

Closed on
Jun 1, 2011
Bought by
Hs Bank & Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
3.92%
Mortgage Type
VA

Purchase Details

Closed on
Apr 9, 2011
Sold by
Smith Custom Homes Inc
Bought by
Lawson James D and Lawson Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
3.92%
Mortgage Type
VA

Purchase Details

Closed on
Oct 4, 2002
Bought by
D and Cobb

Purchase Details

Closed on
Sep 6, 1994
Bought by
Ray and Ray Cobb

Purchase Details

Closed on
May 1, 1980
Bought by
Mcmillan
Source: Public Records

Range of Values:

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Average Value
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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
Reed Jeffrey $255,500 Advantage Title & Escrow
Smith Custom Homes Inc $150,000 None Available
Smith Custom Homes Inc $150,000 None Available
Hs Bank & Trust -- --
Hs Bank & Trust -- --
Lawson James D $252,000 None Available
D -- --
Ray $9,000 --
Mcmillan $9,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reed Jeffrey $204,400
Previous Owner Smith Custom Homes Inc $135,000
Previous Owner Smith Custom Homes Inc $135,000
Previous Owner Lawson James D $252,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2015 12/18/15 Sold $255,500 -6.9% $88 / Sq Ft
11/18/2015 11/18/15 Pending -- -- --
06/18/2015 06/18/15 For Sale $274,500 -- $95 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

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 $2,197 $59,304 $10,400 $48,904
2024 $2,197 $59,304 $10,400 $48,904
2023 $1,772 $59,304 $10,400 $48,904
2022 $1,722 $59,304 $10,400 $48,904
2021 $1,623 $44,890 $7,000 $37,890
2020 $1,623 $44,890 $7,000 $37,890
2019 $1,965 $44,150 $7,000 $37,150
2018 $1,965 $44,150 $7,000 $37,150
2017 $1,965 $44,150 $7,000 $37,150
2016 $2,164 $48,630 $6,000 $42,630
2015 $2,159 $48,630 $6,000 $42,630
2014 $1,963 $44,120 $6,000 $38,120
Source: Public Records

Agents Affiliated with this Home

  • Jane Hollansworth

    Seller's Agent in 2015

    Jane Hollansworth

    RE/MAX

    (501) 922-8177

    346 in this area

    349 Total Sales

    Jane Hollansworth
    Section Image
  • Hunter Ray

    Buyer's Agent in 2015

    Hunter Ray

    Ultra Properties

    (501) 915-2838

    14 in this area

    153 Total Sales

    Hunter Ray
    Section Image
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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 15018244

Cooperative Arkansas REALTORS® MLS

APN: 660-00016-000

Arkansas Saline County Hot Springs Village 71909

40 Olmedo Way, Hot Springs Village, 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.

Cooperative Arkansas REALTORS® MLS 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.

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