NOT LISTED FOR SALE

525 S School Ave Unit 401 Fayetteville, AR 72701

Downtown Fayetteville Neighborhood

Estimated Value: $308,000 - $903,000

3 Beds
2 Baths
1,742 Sq Ft
$255/mo HOA Fee

Last Sold June 02, 2014

Last sale price $245,000 $141 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $3,235/month

331 Days on Market

Highlights

  • Cathedral Ceiling
  • Attic
  • Double Pane Windows
  • Washington Elementary School Rated 9+
  • Corner Lot
  • Intercom

About This Home

As of June 2014

Luxury condo unit on the 4th floor of historic Mill Building. One of the few 3 bedroom condos in NWA. Located on the bike trail and a short walk from UA campus, Razorback Stadium, Dickson Street & Walton Arts Center. A modern, stylish home with high,ceilings, loft design & incredible views of Mt. Sequoyah & Old Main. Generously tall windows permit amazing natural light. Dramatic floor-to-ceiling wndow treatments & chandeliers add to the elegance. Closets & attic provide ample storage.

Last Agent to Sell the Property

Sheree Alt

Downtown Properties Real Estate Group, Inc. Listed on: 06/05/2013

Last Buyer's Agent

Monica Barnett-Wakefield

Downtown Properties Real Estate Group, Inc. License #SA00047555

Downtown Properties Real Estate Group, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,084

Lot Details

  • Landscaped
  • Level Lot
  • Cleared Lot

HOA Fees

  • $255 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Metal Siding

Interior Spaces

  • 1,742 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Double Pane Windows
  • Intercom
  • Washer and Dryer Hookup
  • Attic

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Concrete

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Utilities

  • Cooling Available
  • Central Heating
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • Association fees include management, common areas, insurance, ground maintenance, maintenance structure, sewer, snow removal, security, trash
  • Mill District Hpr Subdivision

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,084

Lot Details

0

HOA Fees

$255 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size: x00
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Subdivision Name: Mill District (The) - Hpr
  • Directions: South College to MLK. Corner Mill District building
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Disposal, Microwave, Oven, Range, Self Cleaning Oven
  • Other Equipment: Intercom
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Carpet, Concrete
  • Interior Amenities: Attic, Cathedral Ceiling(s), Intercom, Walk-In Closet(s)
  • Living Area: 1742.0
  • Window Features: Double Pane Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: None
  • Lot Features: Cleared, Corner Lot, Landscaped, Level
  • Waterfront Features: None
  • Construction Type: Metal Siding
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Roof: Other, See Remarks

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Near Hospital, Near Schools
  • Association Fee: 255.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Security, Trash

Schools

  • Junior High Dist: Fayetteville

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2084.0
  • Tax Block: 0
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2013
Closed on
May 8, 2014
Sold by
Brice Alexander and Kotnik Keely
Bought by
Masner Charles M
Seller's Agent
Sheree Alt
Downtown Properties Real Estate Group, Inc.
Buyer's Agent
Monica Barnett-Wakefield
Downtown Properties Real Estate Group, Inc.
List Price
$269,000
Sold Price
$245,000
Premium/Discount to List
-$24,000
-8.92%
Current Estimated Value
$535,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,060
Avg. Annual Appreciation
7.09%

Purchase Details

Closed on
Jan 22, 2009
Sold by
Brice Alexander
Bought by
Brice Alexander and Brice Keely S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,450
Interest Rate
5.09%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 17, 2007
Sold by
Russell Eddie and Fochtman Jessica
Bought by
Brice Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,600
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Masner Charles M $245,000 Waco Title Co
Brice Alexander -- Elite Title Company Inc
Brice Alexander $212,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brice Alexander $169,450
Previous Owner Brice Alexander $169,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2014 06/02/14 Sold $245,000 -8.9% $141 / Sq Ft
05/03/2014 05/03/14 Pending -- -- --
06/05/2013 06/05/13 For Sale $269,000 -- $154 / 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 $1,986 $52,260 $0 $52,260
2024 $2,082 $52,260 $0 $52,260
2023 $2,200 $52,260 $0 $52,260
2022 $3,028 $52,260 $0 $52,260
2021 $3,028 $52,260 $0 $52,260
2020 $2,887 $52,260 $0 $52,260
2019 $2,250 $48,780 $0 $48,780
2018 $2,275 $48,780 $0 $48,780
2017 $2,252 $48,780 $0 $48,780
2016 $2,252 $48,780 $0 $48,780
2015 $2,130 $48,780 $0 $48,780
2014 $2,084 $45,292 $0 $45,292
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    Sheree Alt

    Downtown Properties Real Estate Group, Inc.

  • Monica Barnett-Wakefield

    Buyer's Agent in 2014

    Monica Barnett-Wakefield

    Downtown Properties Real Estate Group, Inc.

    27 Total Sales

    Monica Barnett-Wakefield
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 682165

Northwest Arkansas Board of REALTORS®

APN: 765-22540-000

Arkansas Washington County Fayetteville 72701 Downtown Fayetteville

525 S School Ave Unit 401, Fayetteville, AR

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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