NOT LISTED FOR SALE

420 S Locust Ave Fayetteville, AR 72701

Downtown Fayetteville Neighborhood

Estimated Value: $390,000 - $671,000

5 Beds
3 Baths
2,142 Sq Ft
$246/Sq Ft Est. Value

Last Sold September 30, 2022

Last sale price $475,000 $222 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,230/month

494 Days on Market

Highlights

  • 0.49 Acre Lot
  • Wood Flooring
  • Patio
  • Fayetteville High School Rated A
  • Porch
  • Shops

About This Home

As of September 2022

Development Potential in thriving area. This listing is for two lots, containing almost half an acre,
in downtown Fayetteville right behind Walgreen's off of MLK. The lots back up to each other giving you frontage on both Locust and Church Street. 420 Locust is zoned Downtown General and 507 Church is zoned Residential but has the possibility of being rezoned. The Church street property also has an unused road easement that may be able to be vacated, to increase the lot size. Location is great for commercial and/or multi-family uses . Houses of little to no value the value is in the land. Engineer concept drawings in the attachments would need to be approved by the city.

Last Agent to Sell the Property

Will Schmidt

Arkansas Heritage Realty License #PB00057734 Listed on: 04/12/2021

Last Buyer's Agent

Will Schmidt

Arkansas Heritage Realty License #PB00057734 Listed on: 04/12/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,136

Year Built

  • Built in 1926

Lot Details

  • 0.49 Acre Lot
  • Back Yard Fenced
  • Level Lot
  • Cleared Lot

Home Design

  • Metal Roof

Interior Spaces

  • 2,142 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Garage
  • Detached Carport Space
  • Gravel Driveway

Outdoor Features

  • Patio
  • Outbuilding
  • Porch

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 5 / 2

Community Details

Recreation

  • Trails

Additional Features

  • Mccrimmons Add Subdivision
  • Shops

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,136

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.491
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Subdivision Name: Mccrimmons Add
  • Directions: Going east on MLK turn left on Locust property is right behind Walgreens off of MLK.
  • Carport Y N: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: House
  • Year Built: 1926
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Crawl Space
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Carpet, Wood
  • Interior Amenities: None
  • Living Area: 2142.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Back Yard
  • Lot Features: Cleared, Level
  • Waterfront Features: None
  • Construction Type: Other, See Remarks
  • Exterior Features: Gravel Driveway
  • Foundation Details: Crawlspace
  • Other Structures: Outbuilding
  • Patio And Porch Features: Patio, Porch
  • Roof: Metal

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Parking Features: Detached Carport

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • Community Features: Near Schools, Shopping, Trails/Paths

Schools

  • Junior High Dist: Fayetteville

Lot Info

  • Additional Parcels Description: 765-07132-000
  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 33.0
  • Tax Block: 2
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2021
Sold by
Combs Stephen W and Baker Karen
Bought by
Hilbom & Howell Properties Llc
Current Estimated Value
$542,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
2.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 9, 1970
Bought by
Combs Margie and Sharon Lee Combs
Source: Public Records

Range of Values:

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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
Hilbom & Howell Properties Llc $210,000 None Listed On Document
Combs Margie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pbs Properties Llc $2,672,000
Closed Hilborn & Howell Properties Llc $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2022 09/30/22 Sold $475,000 -18.1% $222 / Sq Ft
08/19/2022 08/19/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $580,000 -5.7% $271 / Sq Ft
03/05/2022 03/05/22 Pending -- -- --
04/12/2021 04/12/21 For Sale $615,000 -- $287 / 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
2024 $3,136 $55,010 $27,000 $28,010
2023 $3,188 $55,010 $27,000 $28,010
2022 $1,959 $33,810 $18,000 $15,810
2021 $449 $33,810 $18,000 $15,810
2020 $33 $33,810 $18,000 $15,810
2019 $33 $18,940 $7,200 $11,740
2018 $58 $18,940 $7,200 $11,740
2017 $54 $18,940 $7,200 $11,740
2016 $54 $18,940 $7,200 $11,740
2015 $35 $18,940 $7,200 $11,740
2014 $28 $7,034 $4,200 $2,834
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2022

    Will Schmidt

    Arkansas Heritage Realty

    (501) 416-2822

    7 in this area

    36 Total Sales

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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1180581

Northwest Arkansas Board of REALTORS®

APN: 765-08251-000

Arkansas Washington County Fayetteville 72701 Downtown Fayetteville

420 S Locust Ave, Fayetteville, AR

This home is located at 420 S Locust Ave, Fayetteville, AR 72701 since 12 April 2021 and is currently estimated at $526,258, approximately $245 per square foot. This property was built in 1926. 420 S Locust Ave is a home located in Washington County with nearby schools including Washington Elementary School, Owl Creek School, and Ramay Junior High 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.

Northwest Arkansas Board of REALTORS® 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. Information is deemed reliable but not guaranteed.

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