RENTED MAY 11, 2025

502 Morrison Place Springdale, AR 72762

Estimated Value: $244,000 - $299,000

2 Beds
1 Bath
768 Sq Ft
$348/Sq Ft Est. Value

Last Sold October 30, 2023

Last sale price $265,000 $345 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,572/month

Highlights

  • Attic
  • Eat-In Kitchen
  • Shops
  • Har-Ber High School Rated A
  • Storage
  • Property near a hospital

About This Home

As of May 2025

Charming Duplex Retreat in Springdale, AR - Unit B Welcome to this beautifully refreshed (exterior) duplex nestled in the heart of Springdale. This unit comes with 2 Bedrooms and 1 Bathroom. It provides a comfortable living spaces perfect for families or professionals.? It also has a Eat-In Kitchen which you can enjoy meals in a cozy setting and a dishwasher to make clean up easy. This unit also boasts updated new heating and air conditioning systems ensuring year round comfort. No need to go out for laundry as this unit comes with a washer and dryer. This unit offers both comfort and convenience. Don't miss the opportunity to make this refreshed property your new home!

Last Agent to Rent the Property

Peggy Lucero

RE/MAX Associates, LLC Brokerage Phone: 479-236-8438 License #EB00052708 Listed on: 03/27/2025

RE/MAX Associates, LLC

Last Renter's Agent

Peggy Lucero

RE/MAX Associates, LLC Brokerage Phone: 479-236-8438 License #EB00052708 Listed on: 03/27/2025

RE/MAX Associates, LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 0.35 Acre Lot
  • Chain Link Fence

Home Design

  • Duplex

Interior Spaces

  • 768 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Storage
  • Attic

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Attached Carport

Location

  • Property near a hospital
  • Property is near schools
  • City Lot

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance
  • Rent includes insurance, sewer, water
  • 12 Month Lease Term
  • Available 3/27/25

Community Details

Pet Policy

  • Pets allowed on a case-by-case basis

Additional Features

  • Elmdale Terrace Blocks A D Subdivision
  • Shops

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Cable TV, Electricity, Gas, Insurance
  • Available Date: 2025-03-27
  • Security Deposit: 800.0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Lease
  • Lot Size Acres: 0.3456
  • Subdivision Name: Elmdale Terrace Blocks A-D
  • Directions: From 71B go West on Huntsville, turn right on Morrison, duplex will be on the left side of the side.
  • Carport Y N: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: 25 Years or older
  • Year Built: 1967
  • ResoPropertyType: ResidentialLease
  • Property Sub Type Additional: Duplex
  • ResoBuildingAreaSource: PublicRecords
  • Attribution Contact: 479-236-8438
  • Special Features: None
  • Stories: 1
  • Year Built: 1967

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Disposal, Refrigerator, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: Attic, Ceiling Fan(s), Eat-in Kitchen, Storage, Window Treatments
  • Living Area: 768.0
  • Window Features: Blinds
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Chain Link, Fenced
  • Lot Features: Central Business District, City Lot
  • Pool Features: None

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Parking Features: Attached Carport

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Gas
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Near Fire Station, Near Hospital, Near Schools, Shopping
  • HOA Rent Includes: Insurance, Sewer, Water
  • Association #2 Fee Frequency: Monthly
  • Pets Allowed: Negotiable

Schools

  • Junior High Dist: Springdale

Lot Info

  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2023
Closed on
Oct 30, 2023
Sold by
Lucero Peggy C and Lucero Daniel F
Bought by
Hatcher Chase
Seller's Agent
Peggy Lucero
RE/MAX Associates, LLC
Buyer's Agent
Peggy Lucero
RE/MAX Associates, LLC
List Price
$265,000
Sold Price
$265,000
Views
5
Current Estimated Value
$267,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,574
Avg. Annual Appreciation
0.42%
Original Mortgage
$260,200
Outstanding Balance
$255,141
Interest Rate
7.18%
Mortgage Type
FHA
Estimated Equity
$12,433

Purchase Details

Closed on
Oct 12, 2018
Sold by
Lee Christopher and Lee Brenda
Bought by
Lucero Peggy C and Lucero Daniel F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 6, 2013
Closed on
May 23, 2014
Sold by
Mid America Management Associates Llc
Bought by
Lee Christopher and Lee Brenda
Seller's Agent
Jeremy Kennedy
Lindsey & Associates Inc
Buyer's Agent
Brenda Lee
Keller Williams Market Pro Realty Branch Office
List Price
$95,000
Sold Price
$89,900
Premium/Discount to List
-$5,100
-5.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.74%
Original Mortgage
$76,415
Interest Rate
4.38%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 28, 1997
Bought by
Bayyari Fadil Revocable Living and Bayyari Trust

Purchase Details

Closed on
May 15, 1995
Bought by
Kersenbrock Dennis M and Mclain, Marlane Management Tru

Purchase Details

Closed on
Jan 1, 1985
Bought by
Kersenbrock Dennis M and Kersenbrock Marlane
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hatcher Chase $265,000 City Title
Lucero Peggy C $130,000 City Title
Lee Christopher $89,900 None Available
Bayyari Fadil Revocable Living $132,000 --
Kersenbrock Dennis M -- --
Kersenbrock Dennis M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hatcher Chase $260,200
Previous Owner Lucero Peggy C $97,500
Previous Owner Lee Christopher $76,415
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/11/2025 05/11/25 Rented $1,100 0.0% --
04/02/2025 04/02/25 Under Contract -- -- --
03/27/2025 03/27/25 For Rent $1,100 0.0% --
10/30/2023 10/30/23 Sold $265,000 0.0% $173 / Sq Ft View Prior Sale
10/02/2023 10/02/23 Pending -- -- --
10/02/2023 10/02/23 For Sale $265,000 +194.8% $173 / Sq Ft
05/29/2014 05/29/14 Sold $89,900 -5.4% $59 / Sq Ft View Prior Sale
04/29/2014 04/29/14 Pending -- -- --
12/13/2013 12/13/13 For Sale $95,000 -- $62 / Sq Ft
Source: Northwest Arkansas Board of REALTORS®

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 $2,178 $42,130 $14,000 $28,130
2024 $2,178 $42,130 $14,000 $28,130
2023 $1,105 $40,250 $14,000 $26,250
2022 $1,004 $26,690 $7,000 $19,690
2021 $928 $26,690 $7,000 $19,690
2020 $851 $26,690 $7,000 $19,690
2019 $765 $14,510 $5,000 $9,510
2018 $765 $14,510 $5,000 $9,510
2017 $757 $14,510 $5,000 $9,510
2016 $757 $14,510 $5,000 $9,510
2015 $757 $14,510 $5,000 $9,510
2014 $945 $18,100 $6,000 $12,100
Source: Public Records

Agents Affiliated with this Home

  • Peggy Lucero

    Landlord's Agent in 2025

    Peggy Lucero

    RE/MAX

    (479) 684-5734

    21 in this area

    101 Total Sales

    Peggy Lucero
    Section Image
  • Jeremy Kennedy

    Seller's Agent in 2014

    Jeremy Kennedy

    Lindsey & Associates Inc

    (479) 841-4088

    3 in this area

    33 Total Sales

    Jeremy Kennedy
    Section Image
  • Brenda Lee

    Buyer's Agent in 2014

    Brenda Lee

    Keller Williams Market Pro Realty Branch Office

    (479) 236-0398

    23 in this area

    98 Total Sales

    Brenda Lee
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1301302

Northwest Arkansas Board of REALTORS®

APN: 815-21677-000

Arkansas Washington County Springdale 72762

502 Morrison Place, Springdale, AR

Not Listed for Sale

MultiFamily

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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