NOT LISTED FOR SALE

48 - 50 W Sweetwater Way Farmington, AR 72730

Estimated Value: $412,816

-- Bed
4 Baths
3,046 Sq Ft
$136/Sq Ft Est. Value

Last Sold March 02, 2022

Last sale price $335,000 $110 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,484/month

17 Days on Market

Highlights

  • Traditional Architecture
  • 2 Car Attached Garage
  • Walk-In Closet
  • Attic
  • Double Pane Windows
  • Patio

About This Home

As of March 2022

Here is your chance to own rental property in Farmington. Spacious, all brick duplex in Farmington School district. 3 bedroom/2 bath, and 2 car garage each side. Fenced backyard. Great location. Great investment property. 5% CAP . U of A is a short drive. Unit 48 has updated appliances. Appliances to convey. Showing to occur once offer is made with preapproval/proof of funds.

Last Agent to Sell the Property

Kim Rutledge

Coldwell Banker Harris McHaney & Faucette -Fayette License #EB00050061 Listed on: 01/13/2022

Coldwell Banker Harris McHaney & Faucette -Fayette

Last Buyer's Agent

Amber Lane

Mission House Real Estate License #EB00089176

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,170

Year Built

  • Built in 2004

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 80 x 130
  • Privacy Fence
  • Wood Fence
  • Back Yard Fenced
  • Level Lot
  • Cleared Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • Walk-In Closet
  • 3,046 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Vinyl Clad Windows
  • Fire and Smoke Detector
  • Dryer
  • Attic

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Patio
  • City Lot

Listing and Financial Details

  • Tax Lot 8

Community Details

Overview

  • 2 Units
  • South Haven Ph Iii Subdivision

Building Details

  • Gross Income $19,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,170

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.24
  • Lot Size: 80 X 130
  • Road Frontage Type: Public Road
  • Subdivision Name: South Haven Ph Iii
  • Directions: From I-49 in Fayetteville take exit 62 and go west on Hwy 62 to Farmington, turn left on Hwy 170, turn right on Briarmeadows, turn left on Summerwood, turn left on Sweetwater. Duplex is on the left.
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 2004
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex,Multi Family
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Plumbed For Ice Maker
  • Basement YN: No
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: Attic, Ceiling Fan(s), See Remarks, Walk-In Closet(s)
  • Living Area: 3046.0
  • Window Features: Double Pane Windows, Vinyl
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Back Yard, Privacy, Wood
  • Lot Features: Cleared, City Lot, Level, Subdivision
  • Waterfront Features: None
  • Construction Type: Brick
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Patio And Porch Features: Patio
  • Roof: Asphalt, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

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

Condo/Co-op/Association

  • Community Features: Near Fire Station, Near Schools

Schools

  • Junior High Dist: Farmington

Lot Info

  • Zoning Description: Multi Family
  • Zoning: N
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 19200.0

Tax Info

  • Tax Annual Amount: 2170.0
  • Tax Block: .
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2022
Closed on
Mar 9, 2022
Sold by
Ms Medina Llc
Bought by
Nwa Real Living Llc
Seller's Agent
Kim Rutledge
Coldwell Banker Harris McHaney & Faucette -Fayette
Buyer's Agent
Amber Lane
Mission House Real Estate
List Price
$325,000
Sold Price
$335,000
Premium/Discount to List
$10,000
3.08%
Current Estimated Value
$412,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,816
Avg. Annual Appreciation
5.89%
Original Mortgage
$254,100
Interest Rate
3.92%
Mortgage Type
Construction

Purchase Details

Closed on
May 18, 2004
Sold by
Deweese L John
Bought by
Ms Medina Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 27, 2003
Sold by
Commercial Properties Inc
Bought by
Deweese L John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
5.87%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 1, 1994
Bought by
Commercial Properties, Inc
Source: Public Records

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
Nwa Real Living Llc $335,000 None Listed On Document
Ms Medina Llc $175,000 Heritage Land Title Of Ar
Deweese L John $35,000 Landtrust Title & Closing
Commercial Properties, Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Nwa Real Living Llc $254,100
Previous Owner Ms Medina Llc $140,000
Previous Owner Deweese L John $116,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/02/2022 03/02/22 Sold $335,000 +3.1% $110 / Sq Ft
01/31/2022 01/31/22 Pending -- -- --
01/13/2022 01/13/22 For Sale $325,000 -- $107 / 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 $3,761 $73,890 $9,000 $64,890
2024 $3,798 $73,890 $9,000 $64,890
2023 $3,961 $73,890 $9,000 $64,890
2022 $2,634 $49,150 $6,000 $43,150
2021 $2,501 $49,150 $6,000 $43,150
2020 $2,293 $49,150 $6,000 $43,150
2019 $2,092 $38,670 $6,000 $32,670
2018 $2,092 $38,670 $6,000 $32,670
2017 $2,073 $38,670 $6,000 $32,670
2016 $2,073 $38,670 $6,000 $32,670
2015 $2,073 $38,670 $6,000 $32,670
2014 $2,170 $40,480 $6,000 $34,480
Source: Public Records

Agents Affiliated with this Home

  • Kim Rutledge

    Seller's Agent in 2022

    Kim Rutledge

    Coldwell Banker Harris McHaney & Faucette -Fayette

    (479) 841-7302

    2 in this area

    10 Total Sales

    Kim Rutledge
    Section Image

  • A

    Buyer's Agent in 2022

    Amber Lane

    Mission House Real Estate

    (214) 212-0744

    4 in this area

    87 Total Sales

    Amber Lane
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1206737

Northwest Arkansas Board of REALTORS®

APN: 760-02608-000

Arkansas Washington County Farmington 72730

48 - 50 W Sweetwater Way, Farmington, AR

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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