NOT LISTED FOR SALE

513 River St Benton, AR 72015

Estimated Value: $130,000 - $187,000

Studio
2 Baths
1,538 Sq Ft
$107/Sq Ft Est. Value

Last Sold July 11, 2024

Last sale price $150,000 $98 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $926/month

84 Days on Market

Highlights

  • Traditional Architecture
  • 1-Story Property
  • Level Lot
  • Benton Middle School Rated A-
  • Central Heating and Cooling System
  • Carpet

About This Home

As of July 2024

This duplex is located less than 4 blocks from downtown Benton and carries the coveted Town Center (TC-2) Zoning, allowing additional structures to be built on the property with very minimal lot size specifications. The duplex sits towards the front of the 75'x185' lot and with the 2,000 square foot minimum lot size requirements of TC-2 Zoning, additional residences could be built behind the duplex with ample access on the west side of the property. The duplex is currently rented out on a month-to-month lease at only $550 a side, which is entirely too cheap. See survey under docs.

Last Agent to Sell the Property

Randall Ingle

TMK Properties Listed on: 03/01/2024

Co-Listed By

Jacob Palmer

TMK Properties

Last Buyer's Agent

Randall Ingle

TMK Properties Listed on: 03/01/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $850

Year Built

  • Built in 1965

Lot Details

  • 0.32 Acre Lot
  • Level Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,538 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Crawl Space

Utilities

  • Central Heating and Cooling System

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$850

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Traditional
  • LVT Date: 03/02/2024
  • Road Surface: Paved
  • Third Party Exports: Daily Record, Ehomeshowings
  • Type: Duplex
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Zoning: TC-2
  • Source Of Sq Ft: Courthouse
  • Estimated Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Floors: Partial Carpet
  • Foundation: Crawl Space
  • Stories: One Story

Exterior Features

  • Exterior: Frame
  • Roof: Composition

Utilities

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

Lot Info

  • Estimated Lot Size: 0.32
  • Estimated Lot Size: .33
  • Lot: Level
  • Geo Subdivision: AR

Rental Info

  • Lease Type: Monthly

Multi Family

  • Tenant Expenses: All Utilities
  • Number Of Two Bedroom Units: 1
  • Number Units: 1

Tax Info

  • Annual Taxes: 850

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2019
Closed on
Oct 11, 2019
Sold by
Jbhx3 Llc
Bought by
Cccr Llc
Seller's Agent
Karen Crowson
Crye-Leike REALTORS Benton Branch
Buyer's Agent
Betsy Arey
Crye-Leike REALTORS Benton Branch
List Price
$89,900
Sold Price
$80,000
Premium/Discount to List
-$9,900
-11.01%
Current Estimated Value
$163,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,994
Avg. Annual Appreciation
12.13%
Original Mortgage
$64,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 9, 2008
Sold by
Harrison Harold R and Harrison Dorothy J
Bought by
Holder Jeff and Holder Alice Faye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage
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
Cccr Llc $80,000 Lenders Title Company
Holder Jeff $65,000 Lenders Title Co
Holder Jeff -- Lenders Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Cccr Llc $64,000
Previous Owner Holder Jeff $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2024 07/11/24 Sold $150,000 -6.2% $98 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
03/01/2024 03/01/24 For Sale $159,900 +99.9% $104 / Sq Ft
10/11/2019 10/11/19 Sold $80,000 -11.0% $53 / Sq Ft View Prior Sale
08/26/2019 08/26/19 For Sale $89,900 -- $59 / 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
2025 $921 $20,414 $4,000 $16,414
2024 $943 $20,414 $4,000 $16,414
2023 $850 $20,414 $4,000 $16,414
2022 $779 $20,414 $4,000 $16,414
2021 $709 $12,790 $1,600 $11,190
2020 $709 $12,790 $1,600 $11,190
2019 $709 $12,790 $1,600 $11,190
2018 $707 $12,790 $1,600 $11,190
2017 $707 $12,790 $1,600 $11,190
2016 $739 $13,040 $1,600 $11,440
2015 $732 $13,040 $1,600 $11,440
2014 $732 $13,040 $1,600 $11,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 24007066

Cooperative Arkansas REALTORS® MLS

APN: 805-17875-000