NOT LISTED FOR SALE

407 W Palm St Lonoke, AR 72086

Estimated Value: $140,000 - $193,000

3 Beds
2 Baths
1,498 Sq Ft
$111/Sq Ft Est. Value

Last Sold May 18, 2020

Last sale price $75,000 $50 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $973/month

7 Days on Market

Highlights

  • Traditional Architecture
  • Patio
  • 1-Story Property
  • Eat-In Kitchen
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of May 2020

Property was built prior to 1978 and lead based paint potential exists. Possible defective plumbing. Plumbing did not hold positive pressure at the time of winterization. Seller will not make repairs. Buyers to conduct due diligence. Property has been identified as in FEMA Flood Zone X. Seller does not pay customary closing costs: including title policy, escrow fees, survey or transfer fees. Seller is Secretary of Veteran Affairs. This property may qualify for Seller Financing(Vendee).

Last Agent to Sell the Property

John Mason

Mason and Company Listed on: 03/26/2020

Last Buyer's Agent

Oscar Finkbeiner

Mason and Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $913

Year Built

  • Built in 1972

Lot Details

  • 0.28

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,498 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Patio
  • Level Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Foreclosure

Home Details

Home Type

Single Family

Est. Annual Taxes

$913

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: Residential
  • Style: Traditional
  • Ext Features: Patio
  • Foreclosure REO: Yes
  • Inside City Limits: Yes
  • LVT Date: 03/26/2020
  • Price Per Sq Ft: 50.07
  • Road Surface: Paved
  • Type: Detached
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Estimated Year Built: 1972
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1972

Interior Features

  • Dining Room: Eat-In Kitchen
  • Bedrooms: 3 Bedrooms Same Level
  • Estimated Sq Ft: 1498
  • Bedrooms: 3
  • Floors: Carpet
  • Foundation: Slab
  • Full Bathrooms: 2
  • Kitchen Equip: Disposal
  • Other Rooms: Laundry
  • Stories: One Story
  • Walls Ceilings: Sheet Rock

Exterior Features

  • Exterior: Brick
  • Roof: Composition

Garage/Parking

  • Parking: Garage, Two Car

Utilities

  • Utilities: Sewer-Public
  • Heat Air: Central Heat-Unspecified, Central Cool -Unspecified

Lot Info

  • Lot: Level
  • Geo Subdivision: AR

Tax Info

  • Annual Taxes: 913

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2020
Sold by
Hometown Investors Llc
Bought by
Toombs Elanor
Current Estimated Value
$166,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Outstanding Balance
$100,020
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$71,462

Purchase Details

Listed on
Mar 26, 2020
Closed on
Apr 14, 2020
Sold by
Secretary Of Veterans Affairs
Bought by
Hometown Investors Llc
Seller's Agent
John Mason
Mason and Company
Buyer's Agent
Oscar Finkbeiner
Mason and Company
List Price
$78,000
Sold Price
$75,000
Premium/Discount to List
-$3,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.13%
Original Mortgage
$85,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2020
Sold by
Fay Servicing Llc
Bought by
Secretary Of Veterans Affairs

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2020
Sold by
Knox John
Bought by
Flagstar Bank Fsb

Purchase Details

Closed on
Aug 14, 2001
Bought by
John B Knox

Purchase Details

Closed on
Sep 5, 1990
Bought by
Knox and Wife
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
Toombs Elanor $140,000 Professional Land Ttl Co Of
Hometown Investors Llc $75,000 None Available
Secretary Of Veterans Affairs -- None Available
Flagstar Bank Fsb $79,701 None Available
John B Knox -- --
Knox $51,000 --
Knox $51,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Toombs Elanor $112,000
Previous Owner Hometown Investors Llc $85,000
Previous Owner Knox John $125,597
Previous Owner Knox John $121,894
Previous Owner Knox John $106,399
Previous Owner Knox John $68,479
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2020 05/18/20 Sold $75,000 -3.8% $50 / Sq Ft
04/02/2020 04/02/20 Pending -- -- --
03/26/2020 03/26/20 For Sale $78,000 -- $52 / 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
2024 $732 $20,280 $4,600 $15,680
2023 $732 $20,280 $4,600 $15,680
2022 $782 $20,280 $4,600 $15,680
2021 $782 $20,280 $4,600 $15,680
2020 $617 $19,280 $4,600 $14,680
2019 $538 $19,280 $4,600 $14,680
2018 $563 $19,280 $4,600 $14,680
2017 $913 $19,280 $4,600 $14,680
2016 $563 $19,280 $4,600 $14,680
2015 $913 $19,700 $4,600 $15,100
2014 $563 $19,700 $4,600 $15,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    John Mason

    Mason and Company

    (501) 982-1722

    1 in this area

    182 Total Sales

    Section Image

  • O

    Buyer's Agent in 2020

    Oscar Finkbeiner

    Mason and Company

    Section Image
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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 20010055

Cooperative Arkansas REALTORS® MLS

APN: 781-50808-000

Arkansas Lonoke County Lonoke 72086

407 W Palm St, Lonoke, AR

This home is located at 407 W Palm St, Lonoke, AR 72086 since 26 March 2020 and is currently estimated at $166,720, approximately $111 per square foot. This property was built in 1972. 407 W Palm St is a home located in Lonoke County with nearby schools including Lonoke Primary School, Lonoke Elementary School, and Lonoke Middle School.

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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