NOT LISTED FOR SALE

409 S Spring St Searcy, AR 72143

Estimated Value: $150,000 - $211,000

-- Bed
2 Baths
2,742 Sq Ft
$65/Sq Ft Est. Value

Last Sold April 27, 2012

Last sale price $96,000 $35 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $1,067/month

56 Days on Market

Highlights

  • Victorian Architecture
  • Porch
  • Outdoor Storage
  • Southwest Middle School Rated A-
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of April 2012

Old Victorian home that has had several updates in the past few years. Owner has lived in 2 bedroom unit & split off 2 - 1 bedroom -1 Bath apartments. Apartments have separate window air units & wall space heaters althought entire home has central heat & air if new buyer wants to convert back to single family dewelling. Tenent in would like to remain for new owner. Owners unit has gas range & dishwasher w/ tile & laminate flooring. It also has laundry room. Large, deep lot with 2 outside storage buildings.

Last Listed By

Kathi Merritt

RE/MAX Advantage Listed on: 02/01/2012

RE/MAX Advantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $838

Year Built

  • Built in 1915

Lot Details

  • 0.62 Acre Lot
  • Partially Fenced Property
  • Level Lot
  • Cleared Lot

Home Design

  • Triplex
  • Victorian Architecture
  • Wood Walls
  • Frame Construction
  • Composition Roof
  • Metal Siding

Interior Spaces

  • 2,742 Sq Ft Home
  • 1.5-Story Property
  • Tile Ceilings
  • Sheet Rock Walls or Ceilings
  • Ceiling Fan
  • Crawl Space
  • Washer Hookup

Kitchen

  • Stove
  • Gas Range
  • Plumbed For Ice Maker
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Outdoor Features

  • Outdoor Storage
  • Porch

Utilities

  • Central Heating and Cooling System
  • Window Unit Cooling System
  • Space Heater
  • Window Unit Heating System

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$838

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Victorian
  • Inside City Limits: Yes
  • Price Per Sq Ft: 35.01
  • Road Surface: Paved
  • Street Designation: Street
  • Type: Triplex
  • Zoning: commercial
  • Source Of Sq Ft: Courthouse
  • Estimated Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1915

Interior Features

  • Floors: Laminate, Partial Carpet, Tile, Vinyl
  • Foundation: Crawl Space
  • Stories: 1.5 Story
  • Interior Amenities: Washer Connection, Dryer Connection-Electric, Fan - Ceiling, Some Units
  • Walls: Sheet Rock, Wood
  • Ceiling: Sheet Rock, Tile
  • Kitchen Equipment: Free-Standing Stove, Gas Range, Dishwasher, Ice Maker Connection

Exterior Features

  • Exterior: Frame, Metal/Vinyl Siding
  • Roof: Composition
  • Exterior Features: Partially Fenced, Storage Building, Outside Storage Area, Porch

Utilities

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

Lot Info

  • Estimated Lot Size: 0.62
  • Estimated Lot Size: 110 x 247
  • Lot: Level, Cleared
  • Geo Subdivision: AR

Rental Info

  • Lease Type: Monthly

Multi Family

  • Annual Expenses: 6500
  • Maximum Rent One Bedroom: 550
  • Maximum Rent Two Bedroom: 750
  • Minimum Rent One Bedroom: 550
  • Minimum Rent Two Bedroom: 550
  • Number Of One Bathroom Unitss: 2
  • Number Of One Bedroom Units: 2
  • Number Of Two Bathroom Units: 1
  • Number Of Two Bedroom Units: 1
  • Number Units: 3

Tax Info

  • Annual Taxes: 838.39

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2012
Closed on
Apr 27, 2012
Sold by
Bashaw Nicholas and Bashaw Amanda
Bought by
C C B Realtor Llc
Seller's Agent
Kathi Merritt
RE/MAX Advantage
Buyer's Agent
Carol Busselle
Crye-Leike REALTORS Maumelle
List Price
$115,000
Sold Price
$96,000
Premium/Discount to List
-$19,000
-16.52%
Total Days on Market
56
Current Estimated Value
$177,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,934
Avg. Annual Appreciation
4.86%

Purchase Details

Closed on
May 11, 2006
Sold by
Gaskin Danny G and Gaskin Delores D
Bought by
Bashaw Nicholas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 1998
Bought by
Gaskin Danny G and Gaskin Delores D

Purchase Details

Closed on
Oct 1, 1996
Bought by
Norris Don Nathan and Donia Kay

Purchase Details

Closed on
Sep 1, 1994
Bought by
Duncan Jimmy Wayne

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
C C B Realtor Llc $96,000 None Available
Bashaw Nicholas $100,000 None Available
Gaskin Danny G $67,000 --
Norris Don Nathan $46,000 --
Duncan Jimmy Wayne $7,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mulberry Llc $1,068,000
Closed Grady Brandon $160,000
Previous Owner Bashaw Nicholas $100,000
Previous Owner Gaskin Danny Gene $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2012 04/27/12 Sold $96,000 -16.5% $35 / Sq Ft
03/28/2012 03/28/12 Pending -- -- --
02/01/2012 02/01/12 For Sale $115,000 -- $42 / 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 $907 $22,330 $2,160 $20,170
2023 $907 $22,330 $2,160 $20,170
2022 $907 $22,330 $2,160 $20,170
2021 $890 $22,330 $2,160 $20,170
2020 $809 $19,930 $2,510 $17,420
2019 $809 $19,930 $2,510 $17,420
2018 $809 $19,930 $2,510 $17,420
2017 $809 $19,930 $2,510 $17,420
2016 $809 $19,930 $2,510 $17,420
2015 $1,052 $25,910 $3,200 $22,710
2014 $1,052 $25,910 $3,200 $22,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 10309312

Cooperative Arkansas REALTORS® MLS

APN: 016-03551-000