$41,500
SOLD SEP 12, 2022

506 W Main St Norman, AR 71960

3 Beds
1 Bath
1,250 Sq Ft
0.49 Acres

Recently Sold

$33 Per Sq Ft

39 Days on Market

Highlights

  • Ranch Style House
  • Outdoor Storage
  • Open Floorplan
  • Laundry Room
  • Central Heating and Cooling System
  • Carpet

About This Home

As of September 2022

HANDYMAN SPECIAL.- Norman, AR - 3BR 1 bath $41,500! remodel started - not finished.. drive thru carport, concrete d-way, storm cellar, stg bldgs; near Caddo & Ouachita Rivers - sportsman's paradise!!! seller does not pay customary closing costs to include: title ins, termite, survey, H-warranty, repairs or closing costs; this property may qualify for Seller Financing (Vendee); if property qualifies, only buyer may speak w/loan officer; asset was built in 1962 so lead based paint potentially exists!!

Last Agent to Sell the Property

Fay Garner

Hot Springs Realty Listed on: 06/27/2022

Co-Listed By

Terry Malone

Hot Springs Realty

Last Buyer's Agent

Shaunna Schanlaber

Lake Hamilton Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $309

Year Built

  • Built in 1962

Home Design

  • Ranch Style House
  • Traditional Architecture
  • Bungalow
  • Slab Foundation
  • Composition Roof
  • Metal Siding

Interior Spaces

  • 1,250 Sq Ft Home
  • Open Floorplan

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • 1 Car Garage
  • Carport

Outdoor Features

  • Outdoor Storage
  • Storm Cellar or Shelter

Additional Features

  • 0.49 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Foreclosure

Home Details

Home Type

Single Family

Est. Annual Taxes

$309

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Class: Residential
  • Style: Traditional, Ranch, Bungalow/Cottage
  • Ext Features: Outside Storage Area, Storm Cellar
  • Foreclosure REO: Yes
  • Legal 2: East Black Spgs S/D, Montgomer
  • LVT Date: 07/21/2022
  • Price Per Sq Ft: 33.2
  • Road Surface: Paved
  • Type: Detached
  • Estimated Year Built: 1962
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1962

Interior Features

  • Dining Room: Kitchen/Dining Combo, Living/Dining Combo
  • Bedrooms: 3 Bedrooms Same Level
  • Estimated Sq Ft: 1250
  • Bedrooms: 3
  • Floors: Laminate, Vinyl, Carpet
  • Foundation: Slab
  • Full Bathrooms: 1
  • Interiors: Washer Connection, Dryer Connection-Electric
  • Other Rooms: Laundry
  • Stories: One Story

Exterior Features

  • Exterior: Metal/Vinyl Siding
  • Roof: Composition

Garage/Parking

  • Parking: Carport, One Car

Utilities

  • Utilities: Water-Public
  • Heat Air: Central Cool-Electric, Central Heat-Electric

Lot Info

  • Estimated Lot Size: 0.49
  • Estimated Lot Size: 0.49 Acres
  • Lot: In Subdivision
  • Geo Subdivision: AR

Tax Info

  • Annual Taxes: 309
  • Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2022
Closed on
Aug 23, 2022
Sold by
Secretary Of Veterans Affairs
Bought by
Evans Travis D
Seller's Agent
Fay Garner
Hot Springs Realty
Buyer's Agent
Shaunna Schanlaber
Lake Hamilton Realty, Inc.
List Price
$41,500
Sold Price
$41,500
Current Estimated Value
$75,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,516
Avg. Annual Appreciation
18.02%
Original Mortgage
$43,964
Interest Rate
4.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2022
Sold by
Quicken Loans Llc
Bought by
Secretary Of Veterans Affairs

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,573
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2021
Sold by
Bryson Tina A and Ronald F Bryson Estate
Bought by
Jones Mikel and Jones Amanda

Purchase Details

Closed on
Oct 3, 2019
Sold by
Badger Plummer D and Badger Deana
Bought by
Badger Plummer D and Badger Deana

Purchase Details

Closed on
Apr 16, 2019
Sold by
Dearyan Fredric and Dearyan Caren
Bought by
Dearyan Caren and Crane Shannon

Purchase Details

Closed on
Apr 9, 2018
Sold by
Beshears Eddy A and Eddy A Beshears Trust
Bought by
Shipley Benjamin Harrison and Shipley Lane Tenent

Purchase Details

Closed on
Sep 10, 2009
Sold by
Brandon Bobby C and Brandon Laura
Bought by
Brandon Robert Anthony and Caldwell Pamela Unetta

Purchase Details

Closed on
Jul 29, 2008
Sold by
Pfaff Janet
Bought by
Charlie Tango Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 20, 2007
Sold by
Golden Terry D and Golden Marlene
Bought by
Whisenhunt Bonnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,340
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2006
Sold by
Craig Charles H and Craig Susie S
Bought by
Pfeiffer Robert L and Pfeiffer Mary C

Purchase Details

Closed on
Jan 1, 1978
Bought by
Brandon Bobby C and Brandon Laura
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 Type Sale Price Title Company
Special Warranty Deed $41,500 None Listed On Document
Special Warranty Deed -- Mickel Law Firm Pa
Warranty Deed $80,000 None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $55,000 Waco Title
Warranty Deed -- --
Warranty Deed $57,393 --
Warranty Deed $10,000 --
Warranty Deed $69,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $15,502 New Conventional
Open $122,347 New Conventional
Closed $15,584 New Conventional
Closed $43,964 New Conventional
Previous Owner $52,573 New Conventional
Previous Owner $67,518 VA
Previous Owner $0 No Value Available
Previous Owner $88,000 Purchase Money Mortgage
Previous Owner $25,340 New Conventional
Previous Owner $20,472 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2022 09/12/22 Sold $41,500 0.0% $33 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
06/27/2022 06/27/22 For Sale $41,500 -37.1% $33 / Sq Ft
02/12/2020 02/12/20 Sold $66,000 +7.3% $53 / Sq Ft
11/27/2019 11/27/19 Pending -- -- --
04/22/2019 04/22/19 For Sale $61,500 -- $49 / 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 $361 $7,720 $840 $6,880
2023 $361 $7,720 $840 $6,880
2022 $309 $6,570 $830 $5,740
2021 $309 $6,570 $830 $5,740
2020 $0 $6,570 $830 $5,740
2019 $0 $6,570 $830 $5,740
2018 $0 $6,570 $830 $5,740
2017 $0 $6,190 $1,000 $5,190
2016 -- $6,190 $1,000 $5,190
2014 -- $6,190 $1,000 $5,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 22024715

Cooperative Arkansas REALTORS® MLS

APN: 082-00251-000