$32,000
SOLD DEC 4, 2019

507 2nd Ave SW Gravette, AR 72736

4 Beds
2 Baths
1,798 Sq Ft
0.38 Acres

Recently Sold

$18 Per Sq Ft

29% Below List Price

65 Days on Market

Highlights

  • Deck
  • Covered patio or porch
  • Level Lot
  • Gravette Middle School Rated A-
  • Zoned Cooling
  • 5-minute walk to Gravette Walk-Bike Scenic Trail

About This Home

As of November 2020

Older 2 story home in the central part of town, ready for total renovation. This property has been placed in an upcoming online event. Submit All bids and PreAuction offers online via Xome property details page. All properties are Subject to a 5% buyer’s premium pursuant to the Auction Participation Agreement and Terms & Conditions (minimums will apply). Water will NOT be turned on by seller or buyer. Sold AS-IS, WHERE IS, no repairs. Cash Purchase Only, no inspection or financing contingencies.

Last Agent to Sell the Property

Michele Watkins

Lindsey & Assoc Inc Branch License #EB00063255 Listed on: 08/30/2019

Lindsey & Assoc Inc Branch

Co-Listed By

Mark Watkins

Lindsey & Assoc Inc Branch License #SA00074505

Last Buyer's Agent

Non MLS

Non MLS Sales

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $797

Lot Details

  • 0.38 Acre Lot
  • Level Lot
  • Cleared Lot

Parking

  • No Driveway

Home Design

  • Fixer Upper
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,798 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Covered patio or porch

Utilities

  • Zoned Cooling
  • No Heating
  • Gas Water Heater

Community Details

  • Wells Add Gravette Subdivision

Listing and Financial Details

  • Legal Lot and Block S/2 / 1/2

Home Details

Home Type

Single Family

Est. Annual Taxes

$797

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.38
  • Road Frontage Type: Public Road
  • Co List Office Mls Id: 1554A
  • Co List Office Phone: 479- 636-2200
  • Subdivision Name: Wells Add Gravette
  • Directions: AR 59 to the 4 way stop in town / W on 2nd Ave SW
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: House
  • Year Built Details: Age Unknown
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: 4160
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: None, Crawl Space
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Interior Amenities: None
  • Living Area: 1798.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: None
  • Lot Features: Cleared, Level
  • Waterfront Features: None
  • Construction Type: Vinyl Siding
  • Foundation Details: Crawlspace
  • Other Structures: None
  • Patio And Porch Features: Covered, Deck, Porch
  • Property Condition: Fixer
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: No Driveway

Utilities

  • Cooling: Zoned
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Schools

  • Junior High Dist: Gravette

Lot Info

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

Tax Info

  • Tax Annual Amount: 797.0
  • Tax Block: 1/2
  • Tax Lot: S/2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2020
Closed on
Nov 9, 2020
Sold by
Flipping Nwa Llc
Bought by
Rivas Maria Paula Rangel
Seller's Agent
Jennifer Elder
Lindsey & Assoc Inc Branch
Buyer's Agent
Denise Contreras-Serrano
DC Real Estate
List Price
$205,000
Sold Price
$198,500
Premium/Discount to List
-$6,500
-3.17%
Current Estimated Value
$276,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,114
Avg. Annual Appreciation
8.96%
Original Mortgage
$194,904
Outstanding Balance
$175,404
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$121,458

Purchase Details

Listed on
Aug 30, 2019
Closed on
Dec 2, 2019
Sold by
The Bank Of New York Mellon
Bought by
Elder Steven and Elder Jennifer
Seller's Agent
Michele Watkins
Lindsey & Assoc Inc Branch
Buyer's Agent
Non MLS
Non MLS Sales
List Price
$44,900
Sold Price
$32,000
Premium/Discount to List
-$12,900
-28.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
611.65%

Purchase Details

Closed on
Feb 25, 2005
Sold by
Genny & Joe Properties Llc
Bought by
Robinson Vickie and Robinson Larry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,500
Interest Rate
8.65%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 8, 2004
Bought by
Genny & Joe Prop

Purchase Details

Closed on
Nov 3, 2000
Bought by
Torabi M

Purchase Details

Closed on
Oct 13, 1998
Bought by
Torabi

Purchase Details

Closed on
Jul 28, 1998
Bought by
Nationsbanc

Purchase Details

Closed on
Nov 20, 1996
Bought by
Wiener

Purchase Details

Closed on
Mar 14, 1983
Bought by
Graves
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
Warranty Deed $198,500 None Listed On Document
Special Warranty Deed $32,000 Associates Closing & Ttl Llc
Warranty Deed $55,000 None Available
Quit Claim Deed -- --
Warranty Deed $100,000 --
Warranty Deed $35,000 --
Corporate Deed -- --
Warranty Deed $45,000 --
Warranty Deed $18,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $14,312 FHA
Open $194,904 FHA
Previous Owner $82,400 Unknown
Previous Owner $65,500 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2020 11/09/20 Sold $198,500 -3.2% $110 / Sq Ft
10/10/2020 10/10/20 Pending -- -- --
07/23/2020 07/23/20 For Sale $205,000 +540.6% $114 / Sq Ft
12/04/2019 12/04/19 Sold $32,000 -28.7% $18 / Sq Ft
11/04/2019 11/04/19 Pending -- -- --
08/30/2019 08/30/19 For Sale $44,900 -- $25 / 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 $1,652 $44,643 $5,600 $39,043
2023 $1,502 $30,630 $3,400 $27,230
2022 $1,578 $30,630 $3,400 $27,230
2021 $1,564 $30,630 $3,400 $27,230
2020 $797 $15,460 $1,800 $13,660
2019 $797 $15,460 $1,800 $13,660
2018 $797 $15,460 $1,800 $13,660
2017 $758 $15,460 $1,800 $13,660
2016 $758 $15,460 $1,800 $13,660
2015 $730 $14,810 $1,000 $13,810
2014 $730 $14,880 $1,000 $13,880
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jennifer Elder

    Lindsey & Assoc Inc Branch

  • Denise Contreras-Serrano

    Buyer's Agent in 2020

    Denise Contreras-Serrano

    DC Real Estate

    (717) 307-7185

    7 in this area

    155 Total Sales

    Denise Contreras-Serrano
    Section Image
  • Michele Watkins

    Seller's Agent in 2019

    Michele Watkins

    Lindsey & Assoc Inc Branch

    (479) 381-0638

    1 in this area

    113 Total Sales

    Michele Watkins
    Section Image
  • Mark Watkins

    Seller Co-Listing Agent in 2019

    Mark Watkins

    Lindsey & Assoc Inc Branch

    (479) 381-0010

    100 Total Sales

    Mark Watkins
    Section Image

  • N

    Buyer's Agent in 2019

    Non MLS

    Non MLS Sales

See All Agents

Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1124634

Northwest Arkansas Board of REALTORS®

APN: 11-00766-000

Arkansas Benton County Gravette 72736

507 2nd Ave SW, Gravette, AR

This home is located at 507 2nd Ave SW, Gravette, AR 72736 and is currently priced at $32,000, approximately $17 per square foot. 507 2nd Ave SW 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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