NOT LISTED FOR SALE

508 E Bean St Lincoln, AR 72744

Estimated Value: $90,000 - $124,057

2 Beds
1 Bath
816 Sq Ft
$134/Sq Ft Est. Value

Last Sold April 24, 2020

Last sale price $50,000 $61 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $638/month

19 Days on Market

Highlights

  • Enclosed Patio or Porch
  • Shops
  • Ceiling Fan
  • Window Unit Cooling System
  • Detached Carport Space
  • Space Heater

About This Home

As of April 2020

This vintage house does needs some work. New kitchen cabinets are in the workshop. Front porch is enclosed making a sunroom. Covered back porch. Workshop has electric, an overhead door, 900 sq ft and has a safe room.

Last Agent to Sell the Property

June Davenport

Keller Williams Market Pro Realty - Siloam Springs Listed on: 03/05/2020

Keller Williams Market Pro Realty - Siloam Springs

Last Buyer's Agent

June Davenport

Keller Williams Market Pro Realty - Siloam Springs Listed on: 03/05/2020

Keller Williams Market Pro Realty - Siloam Springs

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $114

Year Built

  • Built in 1945

Lot Details

  • 0.56 Acre Lot
  • Partially Fenced Property

Home Design

  • Frame Construction
  • Metal Roof
  • Masonite

Interior Spaces

  • 816 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Carpet
  • Crawl Space
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Car Garage
  • Detached Carport Space
  • Gravel Driveway

Outdoor Features

  • Enclosed Patio or Porch
  • Outbuilding

Utilities

  • Window Unit Cooling System
  • Space Heater
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Lincoln Original Subdivision
  • Shops

Listing and Financial Details

  • Legal Lot and Block 1 / 26

Home Details

Home Type

Single Family

Est. Annual Taxes

$114

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.56
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Subdivision Name: Lincoln Original
  • Directions: From Hwy 62 in Lincoln turn North on Meade and follow it around to Bean. House on south side of road.
  • Architectural Style: Hill Country
  • Carport Y N: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: House
  • Year Built: 1945
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Gas Range, Gas Water Heater
  • Has Basement: None, Crawl Space
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Carpet
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 816.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Partial
  • Lot Features: Subdivision
  • Waterfront Features: None
  • Construction Type: Frame, Masonite
  • Exterior Features: Gravel Driveway
  • Foundation Details: Crawlspace
  • Other Structures: Outbuilding
  • Patio And Porch Features: Covered, Enclosed, Porch
  • Roof: Metal

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Parking Features: Detached Carport

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Electric, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas, Space Heater
  • Heating Yn: Yes
  • Utilities: Electricity Available, Natural Gas Available

Condo/Co-op/Association

  • Community Features: Near Fire Station, Shopping

Schools

  • Junior High Dist: Lincoln

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 114.0
  • Tax Block: 26
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2020
Closed on
Apr 24, 2020
Sold by
Guerrero Gary E and Guerrero Karen
Bought by
Wallace Robert T and Wallace Katherine K
Seller's Agent
June Davenport
Keller Williams Market Pro Realty - Siloam Springs
Buyer's Agent
June Davenport
Keller Williams Market Pro Realty - Siloam Springs
List Price
$58,000
Sold Price
$50,000
Premium/Discount to List
-$8,000
-13.79%
Current Estimated Value
$109,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,019
Avg. Annual Appreciation
14.74%
Original Mortgage
$37,500
Outstanding Balance
$33,157
Interest Rate
3.3%
Mortgage Type
Commercial
Estimated Equity
$75,862

Purchase Details

Closed on
Jan 1, 1985
Bought by
Mcnair Edgar and Mcnair Jean
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wallace Robert T $50,000 Pci Adance Title
Mcnair Edgar -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wallace Robert T $37,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2020 04/24/20 Sold $50,000 -13.8% $61 / Sq Ft
03/25/2020 03/25/20 Pending -- -- --
03/05/2020 03/05/20 For Sale $58,000 -- $71 / 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
2025 $825 $18,170 $6,000 $12,170
2024 $762 $18,170 $6,000 $12,170
2023 $709 $18,170 $6,000 $12,170
2022 $644 $11,890 $3,600 $8,290
2021 $644 $11,890 $3,600 $8,290
2020 $89 $11,890 $3,600 $8,290
2019 $89 $9,900 $2,900 $7,000
2018 $114 $9,900 $2,900 $7,000
2017 $110 $9,900 $2,900 $7,000
2016 $110 $9,900 $2,900 $7,000
2015 $110 $9,900 $2,900 $7,000
2014 $110 $8,559 $3,000 $5,559
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1140843

Northwest Arkansas Board of REALTORS®

APN: 790-18330-000