NOT LISTED FOR SALE

506 N Sowell St Searcy, AR 72143

Estimated Value: $72,000 - $107,168

2 Beds
1 Bath
912 Sq Ft
$94/Sq Ft Est. Value

Last Sold January 20, 2023

Last sale price $46,000 $50 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $495/month

141 Days on Market

Highlights

  • Traditional Architecture
  • 1-Story Property
  • Combination Kitchen and Dining Room
  • Southwest Middle School Rated A-
  • Central Heating and Cooling System
  • Carpet

About This Home

As of January 2023

This 2/1 home has a large eat in kitchen, laundry hook ups. The house has been used as a rental for years.

Last Agent to Sell the Property

Lena Rath

RE/MAX Advantage Listed on: 07/31/2022

RE/MAX Advantage

Last Buyer's Agent

Sherry Conley

Green Light Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $326

Year Built

  • Built in 1955

Lot Details

  • 8,712

Parking

  • Parking Pad

Home Design

  • Traditional Architecture
  • Composition Roof
  • Metal Siding

Interior Spaces

  • 912 Sq Ft Home
  • 1-Story Property
  • Combination Kitchen and Dining Room
  • Crawl Space
  • Stove

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • 8,712 Sq Ft Lot
  • Central Heating and Cooling System

Home Details

Home Type

Single Family

Est. Annual Taxes

$326

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Residential
  • Style: Traditional
  • Inside City Limits: Yes
  • LVT Date: 07/31/2022
  • Price Per Sq Ft: 50.44
  • Road Surface: Paved
  • Type: Detached
  • Estimated Year Built: 1955
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1955

Interior Features

  • Dining Room: Kitchen/Dining Combo
  • Bedrooms: 2 Bedrooms Same Level
  • Estimated Sq Ft: 912
  • Bedrooms: 2
  • Floors: Laminate, Carpet
  • Foundation: Crawl Space
  • Full Bathrooms: 1
  • Kitchen Equip: Free-Standing Stove
  • Stories: One Story

Exterior Features

  • Exterior: Metal/Vinyl Siding
  • Roof: Composition

Garage/Parking

  • Parking: Parking Pads

Utilities

  • Utilities: Sewer-Public, Water-Public, Elec-Municipal (+Entergy)
  • Heat Air: Central Cool-Electric, Central Heat-Electric

Lot Info

  • Estimated Lot Size: 0.2
  • Estimated Lot Size: .20
  • Lot: In Subdivision
  • Geo Subdivision: AR

Tax Info

  • Annual Taxes: 326

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2022
Closed on
Jan 20, 2023
Sold by
Leggett Carla R
Bought by
Elliott Rick and Elliott Tonya
Seller's Agent
Lena Rath
RE/MAX Advantage
Buyer's Agent
Sherry Conley
Green Light Realty
List Price
$55,000
Sold Price
$46,000
Premium/Discount to List
-$9,000
-16.36%
Views
132
Current Estimated Value
$85,292

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,292
Avg. Annual Appreciation
27.16%

Purchase Details

Closed on
Oct 14, 2011
Sold by
Kersey Andrew C
Bought by
J C Hendrix Land Services Llc

Purchase Details

Closed on
Oct 16, 2009
Sold by
Kersey J R and Kersey Danielle B
Bought by
Kersey Andrew C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,100
Interest Rate
5.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2007
Sold by
American Property Investments Llc
Bought by
Perez Jose M and Perez Lucina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,833
Interest Rate
6.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 14, 2006
Sold by
Jackson Alphonso and Secretary Of Hud
Bought by
American Property Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,100
Interest Rate
6.79%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 29, 2005
Sold by
Spence Christopher T and Spence Kimberly D
Bought by
Everbank

Purchase Details

Closed on
Feb 1, 1995
Bought by
Spence Christopher and Spence Kimberly
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Elliott Rick $46,000 None Listed On Document
J C Hendrix Land Services Llc $38,000 --
Kersey Andrew C $36,000 --
Perez Jose M $18,150 None Available
American Property Investments Llc -- None Available
Everbank -- None Available
Spence Christopher -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elliott Ricky W $65,000
Previous Owner Kersey Andrew C $34,100
Previous Owner Perez Jose M $23,833
Previous Owner American Propertty Investments Llc $15,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2023 01/20/23 Sold $46,000 -16.4% $50 / Sq Ft
12/19/2022 12/19/22 Pending -- -- --
11/07/2022 11/07/22 For Sale $55,000 0.0% $60 / Sq Ft
09/28/2022 09/28/22 Pending -- -- --
09/19/2022 09/19/22 Price Changed $55,000 -12.7% $60 / Sq Ft
07/31/2022 07/31/22 For Sale $63,000 -- $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 $341 $8,406 $1,400 $7,006
2023 $326 $8,030 $1,400 $6,630
2022 $326 $8,030 $1,400 $6,630
2021 $322 $8,030 $1,400 $6,630
2020 $293 $7,210 $1,790 $5,420
2019 $293 $7,210 $1,790 $5,420
2018 $293 $7,210 $1,790 $5,420
2017 $293 $7,210 $1,790 $5,420
2016 $293 $7,210 $1,790 $5,420
2015 $297 $7,320 $1,580 $5,740
2014 $297 $7,320 $1,580 $5,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 22025995

Cooperative Arkansas REALTORS® MLS

APN: 016-02388-000