NOT LISTED FOR SALE

412 Rheas Mill Rd Farmington, AR 72730

Estimated Value: $348,000 - $392,000

3 Beds
2 Baths
2,064 Sq Ft
$176/Sq Ft Est. Value

Last Sold January 25, 2019

Last sale price $217,000 $105 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,127/month

104 Days on Market

Highlights

  • 0.99 Acre Lot
  • Bonus Room
  • Covered Patio or Porch
  • Jerry Pop Williams Elementary School Rated A-
  • Corner Lot
  • Separate Outdoor Workshop

About This Home

As of January 2019

Wont last!! Everyone wants a large lot and a shop building for an affordable price! Here it is!! Home has been completed updated recently! Amenities include large covered and screened back porch, Mature trees, large bonus room, and all in an amazing location within walking distance to some Farmington schools!

Last Agent to Sell the Property

James Gibson

Gibson Real Estate License #EB00053793 Listed on: 09/12/2018

Last Buyer's Agent

Matt Hutcherson

Lindsey & Associates Inc License #SA00076533

Lindsey & Associates Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,197

Year Built

  • Built in 1990

Lot Details

  • 0.99 Acre Lot
  • Back Yard Fenced
  • Corner Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,064 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Wood Burning Fireplace
  • Self Contained Fireplace Unit Or Insert
  • Bonus Room
  • Laminate Flooring
  • Fire and Smoke Detector
  • Dishwasher
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Separate Outdoor Workshop
  • Outbuilding

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Farmington Outlots Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,197

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.99
  • Road Frontage Type: Public Road
  • Subdivision Name: Farmington Outlots
  • Directions: From Main St go west on Rheas mill rd. Pass Farmington Middle school and the house will be on the right
  • Garage Yn: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: House
  • Year Built: 1990
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Gas Water Heater, Range
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Insert, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Laminate
  • Interior Amenities: Built-in Features, None
  • Living Area: 2064.0
  • Dining Room Type: Bonus Room
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Back Yard
  • Lot Features: Corner Lot
  • Waterfront Features: None
  • Construction Type: Brick, Vinyl Siding
  • Foundation Details: Slab
  • Other Structures: Outbuilding, Workshop
  • Patio And Porch Features: Covered, Patio
  • Roof: Architectural, Shingle

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Parking Features: Detached, Garage, Asphalt

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electricity Available, Natural Gas Available, Water Available
  • Water Source: Public

Schools

  • Junior High Dist: Farmington

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1197.0
  • Tax Block: 0
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2022
Sold by
Smith Aaron
Bought by
Smith Aaron J and Smith Patricia Smith
Current Estimated Value
$362,719

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Outstanding Balance
$229,600
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$133,119

Purchase Details

Listed on
Sep 12, 2018
Closed on
Jan 25, 2019
Sold by
Davis Cara L and Davis Jeffrey
Bought by
Smith Aaron and Smith Hannah
Seller's Agent
James Gibson
Gibson Real Estate
Buyer's Agent
Matt Hutcherson
Lindsey & Associates Inc
List Price
$224,900
Sold Price
$217,000
Premium/Discount to List
-$7,900
-3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.86%
Original Mortgage
$213,069
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 24, 2013
Closed on
Oct 31, 2013
Sold by
First Federal Bank
Bought by
Speegle Cara L
Seller's Agent
Joseph Hayes
Keller Williams Market Pro Realty Branch Office
Buyer's Agent
James Gibson
Gibson Real Estate
List Price
$135,000
Sold Price
$125,000
Premium/Discount to List
-$10,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.10%
Original Mortgage
$116,350
Interest Rate
4.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 2013
Sold by
Gilmore Harold Lee and Gilmore Debby A
Bought by
First Federal Bank

Purchase Details

Closed on
Jun 22, 2005
Sold by
Overbey Marion E
Bought by
Gilmore Harold Lee and Gilmore Debby A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,390
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 1, 1994
Bought by
Durham Bill G and Durham Barbara J
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
Smith Aaron J -- None Listed On Document
Smith Aaron -- None Listed On Document
Smith Aaron $217,000 Waco Title Co
Speegle Cara L $122,500 Lenders Title Company
First Federal Bank $161,100 None Available
Gilmore Harold Lee $187,000 Lenders
Durham Bill G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Aaron J $244,000
Previous Owner Smith Aaron $213,069
Previous Owner Speegle Cara L $116,350
Previous Owner Gilmore Harold Lee $181,390
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/25/2019 01/25/19 Sold $217,000 -3.5% $105 / Sq Ft
12/26/2018 12/26/18 Pending -- -- --
09/12/2018 09/12/18 For Sale $224,900 +79.9% $109 / Sq Ft
10/31/2013 10/31/13 Sold $125,000 -7.4% $61 / Sq Ft View Prior Sale
10/01/2013 10/01/13 Pending -- -- --
09/24/2013 09/24/13 For Sale $135,000 -- $65 / Sq Ft
Source: Northwest Arkansas Board of REALTORS®

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 $2,625 $51,570 $14,000 $37,570
2024 $2,651 $51,570 $14,000 $37,570
2023 $2,764 $51,570 $14,000 $37,570
2022 $1,741 $39,470 $10,000 $29,470
2021 $1,752 $39,470 $10,000 $29,470
2020 $1,752 $39,470 $10,000 $29,470
2019 $1,187 $28,870 $5,000 $23,870
2018 $1,212 $28,870 $5,000 $23,870
2017 $1,197 $28,870 $5,000 $23,870
2016 $1,197 $28,870 $5,000 $23,870
2015 $1,197 $28,870 $5,000 $23,870
2014 $1,331 $31,360 $5,000 $26,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1091370

Northwest Arkansas Board of REALTORS®

APN: 760-01866-000