NOT LISTED FOR SALE

505 Valley Loop Heber Springs, AR 72543

Estimated Value: $178,000 - $258,000

3 Beds
2 Baths
1,320 Sq Ft
$174/Sq Ft Est. Value

Last Sold September 30, 2015

Last sale price $102,500 $78 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $1,294/month

17 Days on Market

Highlights

  • Safe Room
  • Stream or River on Lot
  • Corner Lot
  • 1.5 Acre Lot
  • Traditional Architecture
  • Screened Porch

About This Home

As of September 2015

This is a brick home located across the street from the Little Red River. Just painted on the outside, new hot water heater, new 12 X 20 shed, well water to water your yard & garden, pear trees, new gravel drive way, nice screened back porch, 1.50 acre corner lot. Located just about 1 mile from Libby Shoals. Great location for the family or weekend home.

Last Agent to Sell the Property

Jan Hearn

Crye*Leike Brock Real Estate Listed on: 08/14/2015

Crye*Leike Brock Real Estate

Last Buyer's Agent

Jan Hearn

Crye*Leike Brock Real Estate Listed on: 08/14/2015

Crye*Leike Brock Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $674

Year Built

  • Built in 1978

Lot Details

  • 1.5 Acre Lot
  • Rural Setting
  • Corner Lot
  • Level Lot

Parking

  • Carport

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,320 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Fireplace Features Blower Fan
  • Insulated Windows
  • Combination Dining and Living Room
  • Screened Porch
  • Crawl Space
  • Laundry Room

Kitchen

  • Electric Range
  • Stove
  • Microwave
  • Plumbed For Ice Maker

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Safe Room
  • Home Security System

Outdoor Features

  • Stream or River on Lot

Schools

  • Heber Springs Elementary And Middle School
  • Heber Springs High School

Utilities

  • Heat Pump System
  • Butane Gas
  • Electric Water Heater
  • Septic System
  • Satellite Dish

Home Details

Home Type

Single Family

Est. Annual Taxes

$674

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Restrictions: Bill Of Assurance, Min Rights Do Not Convey
  • Class: Residential
  • Style: Traditional
  • Ext Features: Screened Porch, Shop
  • Price Per Sq Ft: 77.65
  • Road Surface: Paved
  • Type: Detached
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Estimated Year Built: 1978
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1978

Interior Features

  • Dining Room: Living/Dining Combo
  • Fireplace: Woodburning-Prefab., Blowers
  • Bedrooms: 3 Bedrooms Same Level
  • Estimated Sq Ft: 1320
  • Bedrooms: 3
  • Floors: Tile, Vinyl, Carpet
  • Foundation: Crawl Space
  • Full Bathrooms: 2
  • Interiors: Dryer Connection-Electric, Water Heater-Electric, Security System, Ceiling Fan(s)
  • Kitchen Equip: Free-Standing Stove, Microwave, Electric Range, Ice Maker Connection
  • Other Rooms: Laundry, Safe/Storm Room
  • Stories: One Story
  • Walls Ceilings: Sheet Rock, Wallpaper

Exterior Features

  • Exterior: Brick, Frame
  • Roof: Composition

Garage/Parking

  • Parking: Carport

Utilities

  • Utilities: Septic, Water-Public, Elec-Municipal (+Entergy), Gas-Propane/Butane, Tv-Satellite Dish
  • Heat Air: Heat Pump

Schools

  • Elementary School: Heber Springs
  • Middle School: Heber Springs
  • High School: Heber Springs

Lot Info

  • Estimated Lot Size: 1.5
  • Estimated Lot Size: 1.5
  • Lot: Level, Corner Lot, Rural Property, In Subdivision, River/Lake Area
  • Geo Subdivision: AR

Green Features

  • Energy Features: Insulated Windows

Tax Info

  • Annual Taxes: 674.47

MLS Schools

  • Elementary School: Heber Springs
  • HighSchool: Heber Springs
  • Middle School: Heber Springs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2015
Closed on
Sep 30, 2015
Sold by
Workman Jim Alex and Workman Kimberly A
Bought by
Boren Richard Earl and Boren Marsha K
Seller's Agent
Jan Hearn
Crye*Leike Brock Real Estate
Buyer's Agent
Jan Hearn
Crye*Leike Brock Real Estate
List Price
$112,500
Sold Price
$102,500
Premium/Discount to List
-$10,000
-8.89%
Current Estimated Value
$220,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,745
Avg. Annual Appreciation
7.99%
Original Mortgage
$102,500
Outstanding Balance
$81,329
Interest Rate
3.97%
Mortgage Type
VA
Estimated Equity
$137,655

Purchase Details

Listed on
Jul 2, 2013
Closed on
Dec 12, 2013
Sold by
Jones Edward C and Jones Marie A
Bought by
Workman Jim Alex and Workman Kimberly A
Seller's Agent
Sheila Salsman
McKenzie Realty Group
Buyer's Agent
Jan Hearn
Crye*Leike Brock Real Estate
List Price
$91,500
Sold Price
$91,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.51%
Original Mortgage
$86,925
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 1987
Bought by
Jones Edward C and Jones Marie A
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
Boren Richard Earl $102,500 General Land & Title Svcs
Workman Jim Alex $91,500 General Land & Title Service
Jones Edward C $34,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boren Richard Earl $15,000
Open Boren Richard Earl $102,500
Previous Owner Workman Jim Alex $86,925
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2015 09/30/15 Sold $102,500 -8.9% $78 / Sq Ft
08/31/2015 08/31/15 Pending -- -- --
08/14/2015 08/14/15 For Sale $112,500 +23.0% $85 / Sq Ft
12/12/2013 12/12/13 Sold $91,500 0.0% $69 / Sq Ft
11/12/2013 11/12/13 Pending -- -- --
07/02/2013 07/02/13 For Sale $91,500 -- $69 / 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 $1,059 $30,848 $3,500 $27,348
2023 $982 $30,848 $3,500 $27,348
2022 $905 $30,848 $3,500 $27,348
2021 $770 $20,317 $2,500 $17,817
2020 $770 $20,317 $2,500 $17,817
2019 $770 $20,317 $2,500 $17,817
2018 $770 $20,317 $2,500 $17,817
2017 $770 $20,317 $2,500 $17,817
2016 $674 $17,796 $3,000 $14,796
2015 $324 $17,796 $3,000 $14,796
2014 $324 $17,796 $3,000 $14,796
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 15024143

Cooperative Arkansas REALTORS® MLS

APN: 001-02791-000