NOT LISTED FOR SALE

500 Drake St Bentonville, AR 72712

Estimated Value: $469,000 - $619,000

4 Beds
4 Baths
2,384 Sq Ft
$225/Sq Ft Est. Value

Last Sold April 23, 2015

Last sale price $218,000 $91 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $3,182/month

44 Days on Market

Highlights

  • Above Ground Pool
  • Deck
  • Corner Lot
  • Ruth Barker Middle School Rated A
  • Wood Flooring
  • Solid Surface Countertops

About This Home

As of April 2015

4 bedroom house on corner lot in College Place. An open floor plan with a spacious master bedroom and a large master bath. Raised ceiling in Living room. Solid surface counter tops and tumbled marble back splash. A must see back yard.,Above ground pool, outdoor fireplace trellis, Large deck and patio in back yard. Agent Owned. Drapes do not convey with house, Crystal chandelier does not convey, will be replaced with fan/light by seller

Last Agent to Sell the Property

Tim Wang Team

Prestige Management & Realty Listed on: 02/07/2015

Last Buyer's Agent

Michelle Schader

Prime Real Estate and Development License #SA00072857

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,894

Year Built

  • Built in 2000

Lot Details

  • 10,454 Sq Ft Lot
  • Back Yard Fenced
  • Corner Lot

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Shingle Roof
  • Architectural Shingle Roof

Interior Spaces

  • 2,384 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Vinyl Clad Windows
  • Blinds
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Pool

  • Above Ground Pool
  • Outdoor Pool

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Utilities

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

Community Details

  • College Place Sub Ph 4 Bentonville Subdivision

Listing and Financial Details

  • Legal Lot and Block 5 / 8

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,894

Year Built

Built in 2000

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.24
  • Lot Size: n
  • Road Frontage Type: Public Road
  • Subdivision Name: College Place Sub Ph 4 Bentonville
  • Directions: Hwy 102 to Water Tower Rd. North on Water Tower to 6th. St. Right on SE 6th.St.. Left on Drake and house in on Left.
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: House
  • Year Built: 2000
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Gas Water Heater, Microwave, Range
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Programmable Thermostat, Split Bedrooms, Solid Surface Counters
  • Living Area: 2384.0
  • Window Features: Vinyl, Blinds
  • ResoLivingAreaSource: Owner

Exterior Features

  • Fencing: Back Yard
  • Lot Features: Corner Lot
  • Pool Features: Above Ground, Pool, Private
  • Pool Private: Yes
  • Waterfront Features: None
  • Construction Type: Brick
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck, Patio
  • Roof: Architectural, Shingle

Garage/Parking

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

Utilities

  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 50.0
  • Association Fee Frequency: Annually
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Other

Schools

  • Junior High Dist: Bentonville

Lot Info

  • Zoning Description: Residential
  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1894.0
  • Tax Block: 8
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2023
Sold by
Marrs Jonathan and Marrs Malorie
Bought by
Marrs Family Living Trust
Current Estimated Value
$535,559

Purchase Details

Closed on
Sep 16, 2019
Sold by
Springer Jennifer and Jennifer Springer Revocable Tr
Bought by
Marrs Jonathan and Marrs Malorie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2017
Sold by
Springer Jennifer
Bought by
Springer Jennifer

Purchase Details

Closed on
Oct 6, 2016
Sold by
Springer Darrell
Bought by
Springer Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.48%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Feb 7, 2015
Closed on
Apr 23, 2015
Bought by
Springer
Seller's Agent
Tim Wang Team
Prestige Management & Realty
Buyer's Agent
Michelle Schader
Prime Real Estate and Development
List Price
$22,100,000
Sold Price
$218,000
Premium/Discount to List
-$21,882,000
-99.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.81%

Purchase Details

Listed on
Feb 7, 2015
Closed on
Apr 22, 2015
Sold by
Overton John W and Overton Brandy L
Bought by
Springer Jennifer and Springer Darrell
Seller's Agent
Tim Wang Team
Prestige Management & Realty
Buyer's Agent
Michelle Schader
Prime Real Estate and Development
List Price
$22,100,000
Sold Price
$218,000
Premium/Discount to List
-$21,882,000
-99.01%

Purchase Details

Listed on
May 6, 2012
Closed on
Jan 18, 2013
Sold by
Arvest Bank
Bought by
Overton John W
Seller's Agent
Tim Wang
Prestige Management & Realty
Buyer's Agent
Tim Wang
Prestige Management & Realty
List Price
$193,000
Sold Price
$175,000
Premium/Discount to List
-$18,000
-9.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.21%
Original Mortgage
$180,750
Interest Rate
3.42%
Mortgage Type
VA

Purchase Details

Closed on
Apr 26, 2012
Sold by
Steele Daniel Wayne and Steele Amber Brooke
Bought by
Arvest Bank

Purchase Details

Closed on
Aug 2, 2000
Bought by
Steele

Purchase Details

Closed on
Jan 12, 2000
Bought by
Riverstone
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
Marrs Family Living Trust -- None Listed On Document
Marrs Jonathan $274,160 Waco Title Company
Springer Jennifer -- None Available
Springer Jennifer -- Attorney
Springer $218,000 --
Springer $218,000 --
Springer Jennifer $218,000 --
Overton John W $175,000 Waco Title Company
Arvest Bank $155,000 None Available
Steele $185,000 --
Riverstone $24,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marrs Jonathan $50,000
Previous Owner Marrs Jonathan $216,400
Previous Owner Marrs Jonathan $216,400
Previous Owner Marrs Jonathan $215,000
Previous Owner Springer Jennifer D $60,000
Previous Owner Overton John W $180,750
Previous Owner Steele Amber B $24,212
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2015 04/23/15 Sold $218,000 -99.0% $91 / Sq Ft
03/24/2015 03/24/15 Pending -- -- --
02/07/2015 02/07/15 For Sale $22,100,000 +12528.6% $9,270 / Sq Ft
01/18/2013 01/18/13 Sold $175,000 -9.3% $73 / Sq Ft
12/19/2012 12/19/12 Pending -- -- --
05/06/2012 05/06/12 For Sale $193,000 -- $81 / 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 $3,118 $89,108 $19,600 $69,508
2023 $2,970 $56,581 $16,000 $40,581
2022 $2,461 $55,360 $16,000 $39,360
2021 $2,323 $55,360 $16,000 $39,360
2020 $2,219 $40,720 $6,000 $34,720
2019 $2,219 $40,720 $6,000 $34,720
2018 $2,594 $40,720 $6,000 $34,720
2017 $2,512 $40,720 $6,000 $34,720
2016 $2,512 $40,720 $6,000 $34,720
2015 $2,252 $36,440 $8,000 $28,440
2014 $1,902 $36,440 $8,000 $28,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 726328

Northwest Arkansas Board of REALTORS®

APN: 01-08606-000