NOT LISTED FOR SALE

4058 Highway 316 N Lexa, AR 72355

Estimated Value: $221,000 - $230,000

3 Beds
3 Baths
2,700 Sq Ft
$84/Sq Ft Est. Value

Last Sold May 29, 2024

Last sale price $256,000 $95 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $1,443/month

About This Home

As of May 2024

Country living at its finest on 3 very private acres!! This 2/3 Bedroom home has 2 and a half baths, large open concept kitchen, dining and family room with hardwood floors. The large master bedroom is connected to an updated custom bath that features granite counters, custom cabinets and a large walk-in shower that features electronic water controls. The second bedroom is separated from the master by the family area. There is a separate room that has been converted to a tanning/exercise room that is connected to an upstairs living space via a spiral staircase. This room could easily be converted back into the third bedroom. The outdoor space has a large front porch, covered back porch and a patio with a 6 person hot tub. There is also a 40x50 insulted shop with electricity and 2 drive through garage doors located on the property. This property is agent owned.

Last Listed By

Clay Medford

Myers Cobb Realtors Brokerage Phone: 9014816842 License #SA00069767 Listed on: 12/29/2023

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,217

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 3
  • Subdivision Name: None
  • Directions: From Hwy 49 and 316, continue north on 316 approximately 3 miles, the mailbox is marked as 4058. The driveway is almost one half mile long.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One and One Half
  • New Construction: No
  • Attribution Contact: 9014816842
  • Special Features: None

Interior Features

  • Spa Features: Free Standing Hot Tub
  • Private Spa: Yes
  • Appliances: Dishwasher, Electric Range/Oven, Gas Range/Oven, Ice Maker, Microwave, Refrigerator
  • Other Equipment: Satellite Dish
  • Has Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 2700
  • Window Features: Double Pane Windows, Wood Blinds

Exterior Features

  • Disclosures: Property Disclosure
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Storage
  • Foundation Details: Crawl Space
  • Other Structures: Outbuilding
  • Patio And Porch Features: Porch Covered
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: No Garage, Unpaved Driveway

Utilities

  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Propane
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Propane
  • Water Source: Public
  • Gas Company: Propane

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 130680
  • Farm Land Area Units: Square Feet
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2023
Closed on
May 29, 2024
Sold by
Clay And Christie Medford Living Trust and Medford Clay
Bought by
Ford Monita and Finley Christopher
Seller's Agent
Clay Medford
Myers Cobb Realtors
Buyer's Agent
Clay Medford
Myers Cobb Realtors
List Price
$275,000
Sold Price
$256,000
Premium/Discount to List
-$19,000
-6.91%
Total Days on Market
0
Views
169
Current Estimated Value
$227,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,964
Avg. Annual Appreciation
-12.36%
Original Mortgage
$251,363
Outstanding Balance
$249,713
Interest Rate
7.1%
Mortgage Type
FHA
Estimated Equity
-$23,560

Purchase Details

Closed on
Feb 5, 2021
Sold by
Medford James Clay and Medford Christina Joy
Bought by
Clay And Christie Medford Living Trust and Medford

Purchase Details

Closed on
Nov 6, 2020
Sold by
Medford James Clay and Medford Christina Joy
Bought by
Medford Clay and Medford Christie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2019
Sold by
Wells Fargo Bank Na
Bought by
Medford James Clay and Medford Christina Joy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,459
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 6, 2006
Sold by
Young Thomas E
Bought by
Young Daniel M and Young Alisha A

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
Ford Monita $256,000 None Listed On Document
Clay And Christie Medford Living Trust -- None Listed On Document
Medford Clay -- None Available
Medford James Clay $75,000 Orange Coast Lender Services
Young Daniel M $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ford Monita $251,363
Previous Owner Medf Clay $157,247
Previous Owner Medford James Clay $60,000
Previous Owner Medford James Clay $125,858
Previous Owner Medford James Clay $121,459
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2024 05/29/24 Sold $256,000 -6.9% $95 / Sq Ft
12/29/2023 12/29/23 For Sale $275,000 -- $102 / Sq Ft
Source: Eastern Arkansas REALTORS® Association

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
2024 $2,217 $44,230 $1,220 $43,010
2023 $2,015 $38,600 $1,500 $37,100
2022 $2,016 $38,600 $1,500 $37,100
2021 $1,641 $38,600 $1,500 $37,100
2020 $1,640 $38,600 $1,500 $37,100
2019 $2,015 $27,610 $1,600 $26,010
2018 $1,092 $27,610 $1,600 $26,010
2017 $1,085 $27,610 $1,600 $26,010
2016 $735 $27,610 $1,600 $26,010
2015 $1,085 $27,610 $1,600 $26,010
2014 -- $27,610 $1,600 $26,010
2013 -- $27,300 $1,600 $25,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Eastern Arkansas REALTORS® Association

MLS Number: 40730

APN: 001-04181-001