NOT LISTED FOR SALE

409 N 3rd St Heber Springs, AR 72543

Estimated Value: $115,000 - $183,000

4 Beds
2 Baths
1,560 Sq Ft
$93/Sq Ft Est. Value

Last Sold December 01, 2022

Last sale price $135,000 $87 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $872/month

35 Days on Market

Highlights

  • Ranch Style House
  • Luxury Vinyl Tile Flooring
  • Ceiling Fan
  • Patio
  • Central Heating and Cooling System

About This Home

As of December 2022

Updated and fresh duplex in the heart of downtown Heber Springs can pay for itself with two units. New flooring, paint, interior and exterior doors and toilets. New gas ranges, light fixtures and ceiling fans. Each unit features 2 bedrooms, a bathroom with tub/shower, a light filled living room connected to an eat in kitchen with a laundry room and new sliding glass doors to patio. Ready for and investor immediately or for someone wanting rental income to offset their mortgage payment. SEE AGENT REMARKS

Last Listed By

Margaret King

Janet Jones Company Listed on: 10/12/2022

Janet Jones Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $693

Year Built

  • Built in 1986

Lot Details

  • 93 Sq Ft Lot
  • Sloped Lot

Home Design

  • Duplex
  • Ranch Style House
  • Frame Construction
  • Composition Roof
  • Metal Siding

Interior Spaces

  • 1,560 Sq Ft Home
  • Sheet Rock Walls or Ceilings
  • Ceiling Fan
  • Crawl Space
  • Stove
  • Washer Hookup

Flooring

  • Carpet
  • Luxury Vinyl Tile
  • Vinyl

Schools

  • Heber Springs Elementary And Middle School
  • Heber Springs High School

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$693

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Ranch
  • Inside City Limits: Yes
  • LVT Date: 10/12/2022
  • Price Per Sq Ft: 86.54
  • Road Surface: Paved
  • Type: Duplex
  • Warranty: Normal Wrkng Ordr, As O&a
  • Zoning: multi
  • Source Of Sq Ft: Courthouse
  • Estimated Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1986

Interior Features

  • Floors: Partial Carpet, Vinyl, Luxury Vinyl
  • Foundation: Crawl Space
  • Stories: One Story
  • Interior Amenities: Washer Connection, Dryer Connection-Electric, Fan - Ceiling, All Units
  • Walls: Sheet Rock
  • Ceiling: Sheet Rock
  • Kitchen Equipment: Free-Standing Stove

Exterior Features

  • Exterior: Frame, Metal/Vinyl Siding
  • Roof: Composition
  • Exterior Features: Patio

Garage/Parking

  • Garage/Parking: Three Car

Utilities

  • Utilities: Sewer-Public, Water-Public, Electric-Municipal, Gas-Natural
  • Heating And Air Cond: Central Cool-Electric, Central Heat-Gas

Schools

  • Elementary School: Heber Springs
  • Middle School: Heber Springs
  • High School: Heber Springs

Lot Info

  • Estimated Lot Size: 0.16
  • Estimated Lot Size: 93.33 X 75
  • Lot: Sloped
  • Geo Subdivision: AR

Multi Family

  • Annual Expenses: 4500
  • Tenant Expenses: Cable, Electric, Gas
  • Maximum Rent Two Bedroom: 550
  • Minimum Rent Two Bedroom: 475
  • Number Of Two Bathroom Units: 2
  • Number Of Two Bedroom Units: 2
  • Number Units: 2

Tax Info

  • Annual Taxes: 693
  • Year: 2021

MLS Schools

  • Elementary School: Heber Springs
  • HighSchool: Heber Springs
  • Middle School: Heber Springs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2022
Closed on
Dec 8, 2022
Sold by
King Jake Tyler and King Margaret L
Bought by
Allison Steven R
Seller's Agent
Margaret King
Janet Jones Company
Buyer's Agent
Margaret King
Janet Jones Company
List Price
$139,000
Sold Price
$135,000
Premium/Discount to List
-$4,000
-2.88%
Total Days on Market
35
Views
23
Current Estimated Value
$145,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,588
Avg. Annual Appreciation
6.85%

Purchase Details

Listed on
May 15, 2014
Closed on
Jul 10, 2015
Sold by
Woodson Sharon L
Bought by
King Jake Tyler and Landfair Margaret Manees
Seller's Agent
Linda Johnson
Heber Springs Realty
Buyer's Agent
Mark McKenzie
McKenzie Realty Group
List Price
$85,000
Sold Price
$80,000
Premium/Discount to List
-$5,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%
Original Mortgage
$80,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 1985
Bought by
Woodson Shannon

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
Allison Steven R $135,000 Professional Land Title
King Jake Tyler $80,000 Cornerstone Title
Woodson Shannon $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner King Jake Tyler $80,000
Previous Owner Woodson Shannon D $110,736
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2022 12/01/22 Sold $135,000 -2.9% $87 / Sq Ft
11/16/2022 11/16/22 Pending -- -- --
10/12/2022 10/12/22 For Sale $139,000 +73.8% $89 / Sq Ft
07/10/2015 07/10/15 Sold $80,000 -5.9% $51 / Sq Ft
06/10/2015 06/10/15 Pending -- -- --
05/15/2014 05/15/14 For Sale $85,000 -- $54 / 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 $17,012 $1,600 $15,412
2023 $732 $17,012 $1,600 $15,412
2022 $693 $17,012 $1,600 $15,412
2021 $630 $14,652 $1,600 $13,052
2020 $630 $14,652 $1,600 $13,052
2019 $630 $14,652 $1,600 $13,052
2018 $611 $14,652 $1,600 $13,052
2017 $553 $14,652 $1,600 $13,052
2016 $503 $11,888 $900 $10,988
2015 $503 $11,888 $900 $10,988
2014 -- $11,888 $900 $10,988
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 22034259

Cooperative Arkansas REALTORS® MLS

APN: 300-00039-000