NOT LISTED FOR SALE

503 N Forest Ave Fayetteville, AR 72701

Downtown Fayetteville Neighborhood

Estimated Value: $998,000 - $1,155,000

4 Beds
4.5 Baths
3,329 Sq Ft
$319/Sq Ft Est. Value

Last Sold August 05, 2020

Last sale price $635,000 $191 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $5,648/month

369 Days on Market

Highlights

  • Property is near a park
  • Wooded Lot
  • Antique Architecture
  • Washington Elementary School Rated 9+
  • Marble Flooring
  • Bonus Room

About This Home

As of August 2020

Gorgeous historic home in Wilson Park. The 1916 built home was completely renovated in 2008 w/stunning wood craftsmanship, new electrical/plumbing, exterior/interior, including rebuilt foundation. Featuring 4 BR, 4.5 BA, eat-in kitchen w/custom built cabinets & patio, lg. living room, master suite w/sitting room & sleeping porch, library w/murphy bed, custom built staircase & a unique masonry heater. The 1917 SF basement not included in SF; contains a FEMA compliant safe room and full workshop, half bath & is heated/cooled.

Last Agent to Sell the Property

Christine Cook

Collier & Associates License #EB00056709 Listed on: 07/02/2019

Collier & Associates

Last Buyer's Agent

Meza Harris

Coldwell Banker Harris McHaney & Faucette-Rogers License #EB00013440

Coldwell Banker Harris McHaney & Faucette-Rogers

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,994

Year Built

  • Built in 1916

Lot Details

  • 0.26 Acre Lot
  • East Facing Home
  • Landscaped
  • Level Lot
  • Wooded Lot

Home Design

  • Antique Architecture
  • Shingle Roof
  • Architectural Shingle Roof

Interior Spaces

  • 3,329 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Built-In Features
  • Ceiling Fan
  • Wood Burning Fireplace
  • Double Pane Windows
  • Drapes & Rods
  • Wood Frame Window
  • Living Room with Fireplace
  • Bonus Room
  • Workshop
  • Storage Room
  • Washer and Dryer Hookup
  • Unfinished Basement

Kitchen

  • Double Self-Cleaning Convection Oven
  • Electric Oven
  • Plumbed For Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Parking

  • 1 Car Attached Garage
  • Gravel Driveway

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch
  • Storm Cellar or Shelter

Utilities

  • High Efficiency Air Conditioning
  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Programmable Thermostat
  • Gas Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Wheelchair Access
  • Property is near a park

Listing and Financial Details

  • Legal Lot and Block 5 / 6

Community Details

Recreation

  • Community Pool
  • Park
  • Trails

Additional Features

  • Oak Grovegates Sub Subdivision
  • Shops

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,994

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.26
  • Road Frontage Type: Public Road
  • Subdivision Name: Oak Grovegates Sub
  • Directions: From the intersection of 71B & Maple St, go west on Maple St, right on Forest Ave, house on the left side.
  • Architectural Style: Historic/Antique
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Structure Type: House
  • Year Built: 1916
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • ResoBuildingAreaSource: Appraiser
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Some Gas Appliances, Convection Oven, Double Oven, Dishwasher, Exhaust Fan, Electric Oven, Gas Water Heater, Oven, Refrigerator, Self Cleaning Oven, Water Heater, Plumbed For Ice Maker
  • Accessibility Features: Wheelchair Access
  • Has Basement: Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Living Room, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Marble, Wood
  • Interior Amenities: Wet Bar, Built-in Features, Ceiling Fan(s), None, Pantry, Programmable Thermostat, Walk-In Closet(s), Storage, Workshop
  • Living Area: 3329.0
  • Dining Room Type: Bonus Room, Storage Room
  • Window Features: Double Pane Windows, Single Pane, Wood Frames, Drapes
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Fencing: None
  • Lot Features: Landscaped, Level, Near Park, Sloped, Wooded
  • Pool Features: None, Community
  • Waterfront Features: None
  • Construction Type: Concrete
  • Direction Faces: East
  • Exterior Features: Gravel Driveway
  • Foundation Details: Other, See Remarks
  • Other Structures: None
  • Patio And Porch Features: Balcony, Covered, Enclosed, Porch, Screened
  • Roof: Architectural, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1.0
  • Parking Features: Attached, Garage

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Storm Shelter
  • Cooling: Central Air, Electric, High Efficiency
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Fiber Optic Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool, Trails/Paths, Near Schools, Park, Shopping, Sidewalks

Schools

  • Junior High Dist: Fayetteville

Lot Info

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

Tax Info

  • Tax Annual Amount: 3994.0
  • Tax Block: 6
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2019
Closed on
Aug 5, 2020
Sold by
Childs Lisa C and Hendrix Donald R
Bought by
Thompson Gary A and Madden Mary Elizabeth
Seller's Agent
Christine Cook
Collier & Associates
Buyer's Agent
Meza Harris
Coldwell Banker Harris McHaney & Faucette-Rogers
List Price
$750,000
Sold Price
$635,000
Premium/Discount to List
-$115,000
-15.33%
Current Estimated Value
$1,004,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$369,461
Avg. Annual Appreciation
10.34%
Original Mortgage
$235,000
Outstanding Balance
$207,992
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$853,555

Purchase Details

Closed on
Dec 7, 2007
Sold by
Colwell Wade and Colwell Shaune
Bought by
Childs Lisa C and Hendrix Donald R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2007
Sold by
Asfahl Charles Raymond and Asfahl Kela Suzanne
Bought by
Colwell Wade and Colwell Shaune

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,904
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 1985
Bought by
Asfahl Asfahl C and Asfahl Ray

Purchase Details

Closed on
Jan 1, 1985
Bought by
Ray Asfahl C and Ray Ray
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
Thompson Gary A $635,000 Realty Ttl & Closing Svcs Ll
Childs Lisa C $340,000 First National Title Company
Colwell Wade $275,000 Heritage Land Title Of Ar
Asfahl Asfahl C -- --
Ray Asfahl C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Gary A $235,000
Previous Owner Childs Lisa C $272,000
Previous Owner Colwell Wade $226,904
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2020 08/05/20 Sold $635,000 -15.3% $191 / Sq Ft
07/06/2020 07/06/20 Pending -- -- --
07/02/2019 07/02/19 For Sale $750,000 -- $225 / 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 $4,554 $150,430 $30,000 $120,430
2024 $4,645 $150,430 $30,000 $120,430
2023 $4,806 $150,430 $30,000 $120,430
2022 $4,856 $90,260 $20,000 $70,260
2021 $4,856 $90,260 $20,000 $70,260
2020 $4,247 $90,260 $20,000 $70,260
2019 $4,007 $75,620 $13,200 $62,420
2018 $4,032 $75,620 $13,200 $62,420
2017 $3,994 $75,620 $13,200 $62,420
2016 $3,994 $75,620 $13,200 $62,420
2015 $3,773 $75,620 $13,200 $62,420
2014 $3,478 $71,220 $13,200 $58,020
Source: Public Records

Agents Affiliated with this Home

  • Christine Cook

    Seller's Agent in 2020

    Christine Cook

    Collier & Associates

    (479) 530-5070

    53 in this area

    144 Total Sales

    Christine Cook
    Section Image
  • Meza Harris

    Buyer's Agent in 2020

    Meza Harris

    Coldwell Banker Harris McHaney & Faucette-Rogers

    (479) 640-3935

    3 in this area

    272 Total Sales

    Meza Harris
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1119085

Northwest Arkansas Board of REALTORS®

APN: 765-08973-000

Arkansas Washington County Fayetteville 72701 Downtown Fayetteville

503 N Forest Ave, Fayetteville, AR

This home is located at 503 N Forest Ave, Fayetteville, AR 72701 since 02 July 2019 and is currently estimated at $1,061,547, approximately $318 per square foot. This property was built in 1916. 503 N Forest Ave is a home located in Washington County with nearby schools including Washington Elementary School, Owl Creek School, and Ramay Junior High School.

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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