NOT LISTED FOR SALE

5000 Allison Ln Fort Smith, AR 72901

South Fort Smith Neighborhood
-- Beds
1 Bath
2,046 Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: February 26, 2021

Last sale price $1,550,000 $758 Per Sq Ft

245 Days on Market

Highlights

  • Simulated Wood
  • Porch
  • Central Heating and Cooling System
  • Southside High School Rated A
  • Brick or Stone Mason
  • 1-Story Property

About This Home

As of February 2021

This property consist of 22 units (11 duplexes) located within the path of progress with several new development multifamily communities on Tulsa Street. It is also less than 2 miles away from: Walmart, Target, Starbucks, Carnall Elementary, Ramsey Junior High School, and much more. The 22 3 bedroom/2 bathroom units have tiled kitchen and bathroom areas, carpeted bedrooms, paneled interior doors, total electric, central HVAC, and private driveways.

Last Agent to Sell the Property

Joshua Harmon

Harmon Real Estate Company License #PB00080746 Listed on: 05/26/2020

Last Buyer's Agent

Joshua Harmon

Harmon Real Estate Company License #PB00080746 Listed on: 05/26/2020

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,108

Year Built

  • Built in 2003

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 72x86x74x86

Home Design

  • Duplex
  • Brick or Stone Mason
  • Brick Foundation
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2,046 Sq Ft Home
  • 1-Story Property

Flooring

  • Simulated Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Parking

  • Driveway
  • Assigned Parking

Outdoor Features

  • Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 17383-0002-00000-01

Community Details

Overview

  • 22 Units
  • Southtown Subdivision

Building Details

  • Operating Expense $52,560
  • Gross Income $172,550
  • Net Operating Income $119,990

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,108

Year Built

Built in 2003

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Reso Property Sub Type: Duplex
  • Prop. Type: Residential
  • ResoLotFeatures: Subdivision
  • ResoSecurityFeatures: None
  • Co List Office Mls Id: F3678
  • ResoSpecialListingConditions: None
  • Subdivision Name: Southtown
  • Directions: Phoenix Avenue toSouth 28th to Tulsa to allision Lane.
  • Carport Y N: No
  • Reso Flooring: Carpet, Ceramic Tile, Laminate, Simulated Wood
  • Garage Yn: No
  • Unit Levels: One
  • Reso Roof: Asphalt, Shingle
  • Year Built: 2003
  • ResoBuildingAreaSource: PublicRecords
  • Property Sub Type Additional: Duplex,Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Water Heater
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: None
  • Acres: 0.14
  • Construction Type: Brick
  • Exterior Features: Concrete Driveway
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • HeatingYN: Yes
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Lot Info

  • Lot Dimensions: 72x86x74x86
  • Parcel #: 17383-0002-00000-01

Multi Family

  • Number Of Units In Community: 22
  • Annual Gross Income: 172550.0
  • Annual Operating Expense: 52560.0

Tax Info

  • Tax Annual Amount: 1108.0
  • Tax Block: .
  • Tax Lot: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2020
Closed on
Feb 24, 2021
Sold by
Prz Properties Llc
Bought by
Seller's Agent
Joshua Harmon
Harmon Real Estate Company
Buyer's Agent
Joshua Harmon
Harmon Real Estate Company
List Price
$1,738,000
Sold Price
$1,550,000
Premium/Discount to List
-$188,000
-10.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,317,500
Outstanding Balance
$779,792
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jul 11, 2018
Closed on
Aug 31, 2018
Sold by
Tran Nghiep and Truong Phuong
Bought by
Prz Properties Llc
Seller's Agent
Ninh Nguyen
KN Realty Group
Buyer's Agent
Rosalba DeMondesert
Warnock Real Estate LLC
List Price
$1,595,000
Sold Price
$1,475,000
Premium/Discount to List
-$120,000
-7.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.01%
Original Mortgage
$1,417,569
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 16, 2006
Sold by
Baxter Beasley Properties Inc
Bought by
Biggs John D and Biggs Cheryl A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
7.05%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in South Fort Smith, AR

  • C. Anne Campbell Real Estate Agent - McGraw REALTORS

    C. Anne Campbell

    McGraw REALTORS

    (479) 551-5436

    87 Total Sales

    1 in South Fort Smith

    $75,000 Price

    C. Anne Campbell
     Section Image

  • CH

    Cass Harris

    Responds Quickly

    Harris Heights Realty

    (539) 352-3045

    130 Total Sales

    1 in South Fort Smith

    $200,000 Price

    Cass Harris
     Section Image
  • James Vitale Real Estate Agent - Housing Hotline

    James Vitale

    Responds Quickly

    Housing Hotline

    (479) 974-8919

    101 Total Sales

    1 in South Fort Smith

    $140,000 Price

    James Vitale
     Section Image
  • Cassie Elwonger Real Estate Agent - Keller Williams Platinum Realt

    Cassie Elwonger

    Keller Williams Platinum Realt

    (479) 974-8158

    286 Total Sales

    4 in South Fort Smith

    $55K - $146K Price Range

    Cassie Elwonger
     Section Image
  • Alyssia Beneux Real Estate Agent - The Heritage Group Real Estate Co.

    Alyssia Beneux

    The Heritage Group Real Estate Co.

    (479) 551-5419

    29 Total Sales

    3 in South Fort Smith

    $80,293 Price Range

    Alyssia Beneux
     Section Image
  • Javier Hernandez-Donato Real Estate Agent - O'Neal Real Estate- Fort Smith

    Javier Hernandez-Donato

    O'Neal Real Estate- Fort Smith

    (854) 205-1885

    57 Total Sales

    2 in South Fort Smith

    $80K - $90K Price Range

    Javier Hernandez-Donato
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,550,000 None Listed On Document
Prz Properties Llc $1,475,000 Guaranty Abstract & Title Co
Biggs John D $1,300,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,317,500
Previous Owner Prz Properties Llc $1,417,569
Previous Owner Biggs John D $975,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/26/2021 02/26/21 Sold $1,550,000 -10.8% $758 / Sq Ft
01/27/2021 01/27/21 Pending -- -- --
05/26/2020 05/26/20 For Sale $1,738,000 +17.8% $849 / Sq Ft
08/31/2018 08/31/18 Sold $1,475,000 -7.5% $66 / Sq Ft View Prior Sale
08/01/2018 08/01/18 Pending -- -- --
07/11/2018 07/11/18 For Sale $1,595,000 -- $71 / Sq Ft
Source: Western River Valley Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,516 $37,141 $2,000 $35,141
2024 $1,246 $23,740 $1,200 $22,540
2023 $1,378 $23,740 $1,200 $22,540
2022 $1,378 $23,740 $1,200 $22,540
2021 $1,330 $23,740 $1,200 $22,540
2020 $1,219 $23,740 $1,200 $22,540
2019 $1,108 $19,090 $1,200 $17,890
2018 $1,108 $19,090 $1,200 $17,890
2017 $1,002 $19,090 $1,200 $17,890
2016 $1,002 $19,090 $1,200 $17,890
2015 $1,002 $19,090 $1,200 $17,890
2014 $1,003 $19,110 $2,200 $16,910
Source: Public Records

Agents Affiliated with this Home

  • Joshua Harmon Real Estate Agent - Harmon Real Estate Company

    Seller's Agent in 2021

    Joshua Harmon

    Harmon Real Estate Company

    (832) 795-2729

    1 in this area

    10 Total Sales

    Joshua Harmon
    Section Image

  • NN

    Seller's Agent in 2018

    Ninh Nguyen

    KN Realty Group

    (479) 719-8671

    39 Total Sales

    Ninh Nguyen
    Section Image

  • RD

    Buyer's Agent in 2018

    Rosalba DeMondesert

    Warnock Real Estate LLC

    (479) 629-3570

    40 Total Sales

    Rosalba DeMondesert
    Section Image
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Map

Source: Western River Valley Board of REALTORS®

MLS Number: 1033263

APN: 17383-0002-00000-01

Arkansas Sebastian County Fort Smith 72901 South Fort Smith

5000 Allison Ln, Fort Smith, AR

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