NOT LISTED FOR SALE

415 S Hunter St Farmington, AR 72730

Estimated Value: $363,000 - $495,000

-- Bed
4 Baths
10,800 Sq Ft
$39/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $1,420,000 $131 Per Sq Ft

Current estimated payment $2,754/month

16 Days on Market

Highlights

  • 0.84 Acre Lot
  • Central Heating and Cooling System
  • Carpet
  • No HOA

About This Home

As of December 2021

(Seller is accepting back up offers) Investment opportunity on rapidly growing area, close to schools, restaurants, shopping centers and Highway 62., Very well built and maintained fully leased 12 unit property consisting of 3 buildings with 4 units on each building. Every unit has 2 bedroom, 1.5 bathrooms on 2 parcels of land. One parcel has extra space and has the potential for new building to be built, or office, or extra parking, or any other allowed by the city. (Please check with the city of Farmington 'Planning" departament). All metal buildings including metal roofs for very low maintenance. Seller pays water, sewer and trash. Showing only after offer has been accepted. Please do not disturb tenants.

Last Agent to Sell the Property

Noel Castaneda

Dick Weaver And Associate Inc License #SA00062788 Listed on: 11/13/2021

Last Buyer's Agent

Noel Castaneda

Dick Weaver And Associate Inc License #SA00062788 Listed on: 11/13/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,398

Year Built

  • Built in 2013

Lot Details

  • 0.84 Acre Lot
  • Cleared Lot

Parking

  • Assigned Parking

Home Design

  • Slab Foundation
  • Metal Roof
  • Metal Siding

Interior Spaces

  • 10,800 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 4

Community Details

Overview

  • No Home Owners Association
  • 12 Units
  • Rainsong Sub Subdivision

Building Details

  • Gross Income $128,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,398

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.84
  • Road Frontage Type: Public Road
  • Subdivision Name: Rainsong Sub
  • Directions: From I-49 head go West on 62 Hi-way into Farmington, Left at stop light onto South Hunter Street. drive approximately 1/2 a Mile down till you see property with 3 town homes on right at 1st curve.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2013
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Multi Family
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater
  • Basement YN: No
  • Flooring: Carpet, Vinyl
  • Interior Amenities: None
  • Living Area: 10800.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Other, See Remarks
  • Lot Features: Cleared, None
  • Construction Type: Metal Siding
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Roof: Metal

Garage/Parking

  • Parking Features: Assigned, Other

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Farmington

Lot Info

  • Additional Parcels Description: 760-02762-000
  • Zoning Description: Multi Family
  • Zoning: N
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 12
  • Number Of Units Total: 12
  • Annual Gross Income: 128880.0

Tax Info

  • Tax Annual Amount: 7398.0
  • Tax Block: 0
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2021
Closed on
Dec 20, 2021
Sold by
Capstone Investments Group Llc
Bought by
Subbiah Family Revocable Trust
Seller's Agent
Noel Castaneda
Dick Weaver And Associate Inc
Buyer's Agent
Noel Castaneda
Dick Weaver And Associate Inc
List Price
$1,500,000
Sold Price
$1,420,000
Premium/Discount to List
-$80,000
-5.33%
Current Estimated Value
$419,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,000,788
Avg. Annual Appreciation
-27.34%
Original Mortgage
$1,054,000
Outstanding Balance
$260,819
Interest Rate
3.12%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$158,393

Purchase Details

Listed on
Nov 13, 2021
Closed on
Dec 17, 2021
Sold by
Subbiah Family Revocable Trust and Krishnan Family Trust
Bought by
Farmington Hunter Properties Llc
Seller's Agent
Noel Castaneda
Dick Weaver And Associate Inc
Buyer's Agent
Noel Castaneda
Dick Weaver And Associate Inc
List Price
$1,500,000
Sold Price
$1,420,000
Premium/Discount to List
-$80,000
-5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,054,000
Outstanding Balance
$260,819
Interest Rate
3.12%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$158,393

Purchase Details

Closed on
Sep 30, 2015
Bought by
Capstone Investments Group Llc

Purchase Details

Closed on
Oct 17, 2012
Sold by
Northwest Arkansas Metal Building & Cons
Bought by
Northwest Arkansas Metal Building & Cons
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
Subbiah Family Revocable Trust -- Hite Law Firm Pllc
Farmington Hunter Properties Llc $1,420,000 City Title & Closing
Capstone Investments Group Llc $849,900 --
Northwest Arkansas Metal Building & Cons $30,000 Ozark Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farmington Hunter Properties Llc $1,054,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2021 12/30/21 Sold $1,420,000 -5.3% $131 / Sq Ft
11/30/2021 11/30/21 Pending -- -- --
11/13/2021 11/13/21 For Sale $1,500,000 -- $139 / 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 $6,583 $129,330 $16,800 $112,530
2024 $6,174 $129,330 $16,800 $112,530
2023 $5,902 $129,330 $16,800 $112,530
2022 $5,365 $100,100 $19,000 $81,100
2021 $5,287 $100,100 $19,000 $81,100
2020 $4,847 $100,100 $19,000 $81,100
2019 $4,414 $81,590 $11,400 $70,190
2018 $4,414 $81,590 $11,400 $70,190
2017 $407 $75,890 $5,700 $70,190
2016 $4,068 $75,890 $5,700 $70,190
2015 $4,068 $75,890 $5,700 $70,190
2014 $3,645 $5,700 $5,700 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2021

    Noel Castaneda

    Dick Weaver And Associate Inc

    (479) 685-7307

    5 in this area

    56 Total Sales

    Noel Castaneda
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1203208

Northwest Arkansas Board of REALTORS®

APN: 760-02762-000

Arkansas Washington County Farmington 72730

415 S Hunter St, Farmington, AR

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