NOT LISTED FOR SALE

506 2nd Ave NE Gravette, AR 72736

Estimated Value: $180,138 - $232,000

2 Beds
1 Bath
1,206 Sq Ft
$172/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $120,000 $100 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $1,188/month

60 Days on Market

Highlights

  • Contemporary Architecture
  • Property is near a park
  • Covered Patio or Porch
  • Gravette Middle School Rated A-
  • No HOA
  • 1 Car Detached Garage

About This Home

As of August 2020

Fully remodeled home. New insulation, new gutters, new roof, new windows, new flooring, new electrical wiring/new panel, new sheet rock, a remodeled bathroom, and new lighting throughout the home. Many more new and updated features throughout the house. Professional energy assessment was completed in the fall of 2019, this included air sealing, duct sealing, and attic insulation. Cedar wood front porch for relaxing. Beautiful view on the back porch overlooking an open field from a landscaped yard. Located close to downtown. Parks and local shopping are nearby. Back on market due to financing falling through.

Last Agent to Sell the Property

Kyle Jones

Kaufmann Realty, LLC License #SA00073915 Listed on: 05/15/2020

Last Buyer's Agent

Nathan Koenigseder

RE/MAX Real Estate Results License #SA00057492

RE/MAX Real Estate Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $560

Year Built

  • Built in 1950

Lot Details

  • 0.3 Acre Lot
  • Cul-De-Sac
  • Privacy Fence
  • Wood Fence
  • Back Yard Fenced
  • Landscaped
  • Level Lot

Home Design

  • Contemporary Architecture
  • Traditional Architecture
  • Shingle Roof
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,206 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Vinyl Clad Windows
  • Drapes & Rods
  • Storage Room
  • Washer and Dryer Hookup
  • Crawl Space
  • Fire and Smoke Detector
  • Property Views

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Electric Oven
  • Built-In Range
  • Trash Compactor

Flooring

  • Laminate
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom

Parking

  • 1 Car Detached Garage
  • Workshop in Garage

Outdoor Features

  • Covered Patio or Porch

Location

  • Property is near a park
  • City Lot

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 12 / 20

Community Details

Overview

  • No Home Owners Association
  • 12 20 33 Gravette Subdivision

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$560

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.3
  • Road Frontage Type: Public Road, Shared
  • Road Surface Type: Paved
  • Subdivision Name: 12-20-33-GRAVETTE
  • Directions: In Gravette: take highway 59 North, turn right on Detroit St Northeast, go to 2nd Street Northeast and turn left. House is located on the right.
  • Architectural Style: Contemporary, Traditional
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: House
  • Year Built Details: 25 Years or older
  • Year Built: 1950
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 1950

Interior Features

  • Appliances: Built-In Range, Built-In Oven, Exhaust Fan, Electric Oven, Gas Water Heater, Refrigerator, Trash Compactor
  • Has Basement: None, Crawl Space
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Simulated Wood, Vinyl
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Walk-In Closet(s), Storage
  • Living Area: 1206.0
  • Dining Room Type: Storage Room
  • Window Features: Single Pane, Vinyl, Drapes
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Back Yard, Partial, Privacy, Wood
  • Lot Features: Cul-De-Sac, City Lot, Landscaped, Level, Near Park, Subdivision, Views
  • Pool Features: None
  • View: Yes
  • Waterfront Features: None
  • Construction Type: Vinyl Siding
  • Exterior Features: Concrete Driveway
  • Foundation Details: Crawlspace
  • Other Structures: None
  • Patio And Porch Features: Covered, Porch
  • Roof: Architectural, Shingle

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1.0
  • Parking Features: Detached, Garage, Workshop in Garage

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Near Fire Station, Near Schools, Park
  • Association: No

Schools

  • Junior High Dist: Gravette

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 560.0
  • Tax Block: 20
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2020
Closed on
Aug 14, 2020
Sold by
Jones Kyle Allen and Jones Joanna Kay
Bought by
Cessna Jonathan Michael
Seller's Agent
Kyle Jones
Kaufmann Realty, LLC
Buyer's Agent
Nathan Koenigseder
RE/MAX Real Estate Results
List Price
$115,000
Sold Price
$120,000
Premium/Discount to List
$5,000
4.35%
Current Estimated Value
$207,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,035
Avg. Annual Appreciation
9.86%
Original Mortgage
$121,212
Outstanding Balance
$109,440
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$84,034

Purchase Details

Closed on
Dec 15, 2016
Sold by
Rowley Iris Elizabeth and Wilmoth Iris Elizabeth
Bought by
Rose Martha L and Karen Joan Nale Revocable Trust

Purchase Details

Closed on
Nov 24, 2004
Bought by
Nale

Purchase Details

Closed on
Oct 18, 1993
Bought by
Long

Purchase Details

Closed on
Oct 5, 1990
Bought by
Robison

Purchase Details

Closed on
Nov 6, 1987
Bought by
Alexander

Purchase Details

Closed on
Jun 4, 1987
Bought by
Huffman

Purchase Details

Closed on
Mar 17, 1987
Bought by
Huffman

Purchase Details

Closed on
Apr 16, 1976
Bought by
Withers
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
Cessna Jonathan Michael $120,000 Pci Advance Title
Rose Martha L -- None Available
Nale $45,000 --
Long $34,000 --
Robison -- --
Alexander $21,000 --
Huffman $30,000 --
Huffman $15,000 --
Withers $14,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cessna Jonathan Michael $121,212
Closed Cessna Jonathan Michael $121,212
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $120,000 +4.3% $100 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
05/15/2020 05/15/20 For Sale $115,000 -- $95 / 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 $824 $26,823 $5,600 $21,223
2023 $784 $15,990 $3,400 $12,590
2022 $449 $15,990 $3,400 $12,590
2021 $441 $15,990 $3,400 $12,590
2020 $560 $10,870 $1,800 $9,070
2019 $560 $10,870 $1,800 $9,070
2018 $560 $10,870 $1,800 $9,070
2017 $533 $10,870 $1,800 $9,070
2016 $526 $10,870 $1,800 $9,070
2015 $526 $10,670 $1,000 $9,670
2014 $526 $10,670 $1,000 $9,670
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Kyle Jones

    Kaufmann Realty, LLC

    (479) 418-3220

    1 in this area

    14 Total Sales

    Kyle Jones
    Section Image
  • Nathan Koenigseder

    Buyer's Agent in 2020

    Nathan Koenigseder

    RE/MAX

    (479) 619-8309

    10 in this area

    222 Total Sales

    Nathan Koenigseder
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1146921

Northwest Arkansas Board of REALTORS®

APN: 11-00074-000

Arkansas Benton County Gravette 72736

506 2nd Ave NE, Gravette, AR

This home is located at 506 2nd Ave NE, Gravette, AR 72736 since 15 May 2020 and is currently estimated at $207,035, approximately $171 per square foot. This property was built in 1950. 506 2nd Ave NE is a home located in Benton County with nearby schools including Glenn Duffy Elementary School, Gravette Upper Elementary School, and Gravette Middle 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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