NOT LISTED FOR SALE

511 S Wood Ave Fayetteville, AR 72701

Downtown Fayetteville Neighborhood

Estimated Value: $354,000 - $426,000

3 Beds
2 Baths
1,668 Sq Ft
$238/Sq Ft Est. Value

Last Sold December 16, 2016

Last sale price $62,000 $37 Per Sq Ft

Est. 539% increase in value since last sale

Current estimated payment $2,288/month

18 Days on Market

Highlights

  • 0.27 Acre Lot
  • Wood Flooring
  • Central Heating and Cooling System
  • Washington Elementary School Rated 9+
  • Porch
  • 4-minute walk to Jefferson Park

About This Home

As of December 2016

Bank Owned Property. Great Investment Opportunity, great location just minutes to U of A, shopping, Schools and downtown Fayetteville with easy access to main roads. Property Sold As Is. *Cash Only*

Last Agent to Sell the Property

Gustavo Pena

Ven Real Estate License #PB00063120 Listed on: 10/28/2016

Last Buyer's Agent

Nathan Strayhorn

Collier & Associates License #SA00076697

Collier & Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $646

Year Built

  • Built in 1940

Lot Details

  • 0.27 Acre Lot
  • Chain Link Fence

Home Design

  • Frame Construction

Interior Spaces

  • 1,668 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Norwood Ef Add Subdivision

Listing and Financial Details

  • Tax Lot 5

Home Details

Home Type

Single Family

Est. Annual Taxes

$646

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.27
  • Road Frontage Type: Public Road
  • Subdivision Name: Norwood Ef Add
  • Directions: From South College Ave, go East on MLK Blvd, North on Wood Ave, House on the Left.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: House
  • Year Built: 1940
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: RealEstateOwned
  • Stories: 1

Interior Features

  • Appliances: Disposal, Gas Water Heater
  • Has Basement: Crawl Space
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Vinyl, Wood
  • Interior Amenities: None
  • Living Area: 1668.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Chain Link
  • Lot Features: Not In Subdivision
  • Waterfront Features: None
  • Construction Type: Frame
  • Exterior Features: Concrete Driveway
  • Foundation Details: Crawlspace
  • Other Structures: None
  • Patio And Porch Features: Porch
  • Roof: Other, See Remarks

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Schools

  • Junior High Dist: Fayetteville

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 646.0
  • Tax Block: --
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2016
Closed on
Dec 13, 2016
Sold by
The Nank Of New York Mellon
Bought by
Sjouth Twon Properties Llc
Seller's Agent
Gustavo Pena
Ven Real Estate
Buyer's Agent
Nathan Strayhorn
Collier & Associates
List Price
$69,500
Sold Price
$62,000
Premium/Discount to List
-$7,500
-10.79%
Current Estimated Value
$396,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,244
Avg. Annual Appreciation
23.03%

Purchase Details

Closed on
Jul 18, 2016
Sold by
Bank Of New York Mellon
Bought by
Bank Of New York Mellon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.42%

Purchase Details

Closed on
May 13, 1994
Bought by
Tippett Gary W

Purchase Details

Closed on
Jun 25, 1991
Bought by
Tippett Gary W

Purchase Details

Closed on
Jun 18, 1986
Bought by
Johnson Ira

Purchase Details

Closed on
Jan 1, 1985
Bought by
Johnson Ira
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sjouth Twon Properties Llc $62,000 Associates Closing & Title L
Bank Of New York Mellon -- --
Tippett Gary W -- --
Tippett Gary W -- --
Johnson Ira -- --
Johnson Ira -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bank Of New York Mellon --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2016 12/16/16 Sold $62,000 -10.8% $37 / Sq Ft
11/16/2016 11/16/16 Pending -- -- --
10/28/2016 10/28/16 For Sale $69,500 -- $42 / 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 $2,342 $62,440 $15,000 $47,440
2024 $2,158 $62,440 $15,000 $47,440
2023 $2,011 $62,440 $15,000 $47,440
2022 $1,828 $41,130 $10,000 $31,130
2021 $1,688 $41,130 $10,000 $31,130
2020 $1,547 $41,130 $10,000 $31,130
2019 $1,406 $24,270 $4,500 $19,770
2018 $1,076 $18,560 $4,500 $14,060
2017 $1,066 $18,560 $4,500 $14,060
2016 $1,066 $18,560 $4,500 $14,060
2015 $646 $18,560 $4,500 $14,060
2014 $581 $17,320 $4,500 $12,820
Source: Public Records

Agents Affiliated with this Home

  • Gustavo Pena

    Seller's Agent in 2016

    Gustavo Pena

    Ven Real Estate

    (479) 283-2564

    91 Total Sales

    Gustavo Pena
    Section Image

  • N

    Buyer's Agent in 2016

    Nathan Strayhorn

    Collier & Associates

    (501) 658-4286

    11 in this area

    20 Total Sales

    Nathan Strayhorn
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1030610

Northwest Arkansas Board of REALTORS®

APN: 765-08908-000

Arkansas Washington County Fayetteville 72701 Downtown Fayetteville

511 S Wood Ave, Fayetteville, AR

Not Listed for Sale

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