NOT LISTED FOR SALE

485 E Olive St Melbourne, AR 72556

Estimated Value: $244,000 - $304,000

3 Beds
2 Baths
1,838 Sq Ft
$152/Sq Ft Est. Value

Last Sold June 07, 2024

Last sale price $280,000 $152 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,796/month

185 Days on Market

Highlights

  • Airport or Runway
  • Traditional Architecture
  • Quartz Countertops
  • Golf Course Community
  • Wood Flooring
  • Porch

About This Home

As of June 2024

Welcome to your NEW dream home! This 3 bedroom, 2 bath brick home features an Open Floor Plan perfect for entertaining and daily living! The kitchen area offers stainless appliances, granite countertops, island with a bar area, and tons of cabinet space! The Master suite offers a large bedroom, walk in closet, and a full bathroom with a walk in tile shower and soaking tub! Nice patio outback, concrete walkway leading to the front door, and a 2 car garage! Located in a quiet subdivision in the heart of Melbourne! Give me a call to see this new construction!

Last Agent to Sell the Property

Brandy Corter

Re/Max Edge Realty Melbourne Listed on: 11/07/2023

Re/Max Edge Realty Melbourne

Last Buyer's Agent

Gretchen Cooper

Re/Max Edge Realty Melbourne

Re/Max Edge Realty Melbourne

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,500

Year Built

  • Built in 2023

Lot Details

  • 0.7 Acre Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1,838 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Self Contained Fireplace Unit Or Insert
  • Insulated Windows
  • Insulated Doors
  • Combination Kitchen and Dining Room
  • Crawl Space

Kitchen

  • Breakfast Bar
  • Electric Range
  • Stove
  • Microwave
  • Dishwasher
  • Quartz Countertops

Flooring

  • Wood
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener

Outdoor Features

  • Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Builder Warranty

Community Details

Amenities

  • Picnic Area
  • Airport or Runway

Recreation

  • Golf Course Community
  • Community Playground
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,500

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Restrictions: Covenants
  • Class: Residential
  • Style: Traditional
  • Ext Features: Patio, Porch, Guttering
  • Inside City Limits: Yes
  • LVT Date: 11/07/2023
  • Price Per Sq Ft: 152.34
  • Road Surface: Paved
  • Third Party Exports: Daily Record
  • Type: Detached
  • Warranty: 1Yr Warr Offrd By Builder
  • Estimated Year Built: 2023
  • Internet Type: Internet-Wireless
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2023

Interior Features

  • Dining Room: Breakfast Bar, Kitchen/Dining Combo
  • Fireplace: Insert Unit
  • Bedrooms: Primary Bedroom Apart, 3 Bedrooms Same Level
  • Estimated Sq Ft: 1838
  • Bedrooms: 3
  • Floors: Luxury Vinyl, Wood
  • Foundation: Crawl Space
  • Full Bathrooms: 2
  • Interiors: Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Walk-In Closet(s), Ceiling Fan(s), Walk-In Shower, Kit Counter-Quartz
  • Kitchen Equip: Free-Standing Stove, Microwave, Electric Range, Dishwasher, Refrigerator-Stays
  • Other Rooms: Laundry
  • Stories: One Story
  • Walls Ceilings: Sheet Rock Ceiling, Sheet Rock

Exterior Features

  • Exterior: Brick
  • Roof: Composition

Garage/Parking

  • Parking: Garage, Two Car, Auto Door Opener, Side Entry

Utilities

  • Utilities: Sewer-Public, Water-Public, Elec-Municipal (+Entergy)
  • Heat Air: Central Cool-Electric, Central Heat-Electric

Condo/Co-op/Association

  • Amenities: Playground, Picnic Area, Golf Course, Fitness/Bike Trail, Airport

Lot Info

  • Estimated Lot Size: 0.7
  • Estimated Lot Size: 0.70
  • Lot: Sloped, Level, In Subdivision

Green Features

  • Energy Features: Insulated Doors, Insulated Windows

Tax Info

  • Annual Taxes: 1500
  • Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2023
Closed on
Jun 7, 2024
Sold by
Linn Shane and Linn Billie
Bought by
Ellis Kristin D and Smoot Kelly
Seller's Agent
Brandy Corter
Re/Max Edge Realty Melbourne
Buyer's Agent
Gretchen Cooper
Re/Max Edge Realty Melbourne
List Price
$289,900
Sold Price
$280,000
Premium/Discount to List
-$9,900
-3.41%
Views
174
Current Estimated Value
$311,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,643
Avg. Annual Appreciation
-0.03%
Original Mortgage
$205,000
Outstanding Balance
$202,810
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$77,083
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
Ellis Kristin D $280,000 Cornerstone Closing & Title
Ellis Kristin D $280,000 Cornerstone Closing & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ellis Kristin D $205,000
Closed Ellis Kristin D $205,000
Previous Owner Sipe Bradley $27,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2024 06/14/24 For Sale $289,900 +3.5% $158 / Sq Ft
06/07/2024 06/07/24 Sold $280,000 0.0% $152 / Sq Ft
05/08/2024 05/08/24 Off Market $280,000 -- --
03/28/2024 03/28/24 For Sale $289,900 0.0% $158 / Sq Ft
03/28/2024 03/28/24 Price Changed $289,900 +3.5% $158 / Sq Ft
03/28/2024 03/28/24 Off Market $280,000 -- --
01/17/2024 01/17/24 Price Changed $299,900 -6.3% $163 / Sq Ft
01/04/2024 01/04/24 Price Changed $319,900 -3.0% $174 / Sq Ft
11/07/2023 11/07/23 For Sale $329,900 -- $179 / 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 $1,082 $31,690 $3,000 $28,690
2023 $37 $750 $750 $0
2022 $37 $750 $750 $0
2021 $37 $750 $750 $0
2020 $37 $750 $750 $0
2019 $34 $750 $750 $0
2018 $32 $750 $750 $0
2017 $29 $750 $750 $0
2016 $27 $750 $750 $0
2015 -- $750 $750 $0
2014 -- $750 $750 $0
2013 -- $750 $750 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 23035974

Cooperative Arkansas REALTORS® MLS

APN: 457-00010-000