NOT LISTED FOR SALE

580 E Randall Wobbe Ln Springdale, AR 72764

-- Bed
-- Bath
87,392 Sq Ft
534,917 Sq Ft Lot

Sale Details

Date Sold: February 28, 2014

Last sale price $3,900,000 $45 Per Sq Ft

1044 Days on Market

Highlights

  • Deck
  • Covered Patio or Porch
  • Property is near schools
  • Traditional Architecture
  • Double Pane Windows
  • Central Air

About This Home

As of February 2014

There are 15 apartment buildings. 124 units are 2 bedroom and 1 bath. There are 4 units that are 1 bedroom and 1 bath. Marked parking spaces. Over 3 undeveloped acres.,THE APARTMENTS WERE CONSTRUCTED IN PHASES FROM 2003 TO 2007. WITHIN WALKING DISTANCE TO MANY MAJOR EMPLOYERS.

Last Agent to Sell the Property

Bleaux Barnes

Mathias Real Estate License #EB00071263 Listed on: 03/21/2011

Co-Listed By

Bill Helmer

Transaction Realty License #PB00044701

Last Buyer's Agent

Luke Terrell

Savant Real Estate & Development License #PB00068507

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $48,500

Year Built

  • Built in 2003

Lot Details

  • 12.28 Acre Lot
  • Partially Fenced Property
  • Level Lot
  • Cleared Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 87,392 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Vinyl Clad Windows
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Range Hood

Flooring

  • Carpet
  • Vinyl

Parking

  • Driveway
  • Assigned Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Location

  • Property is near schools
  • City Lot

Utilities

  • Central Air
  • Gas Water Heater
  • Phone Available

Community Details

Overview

  • 128 Units
  • N E Corner Of Wobbe Gardens Subdivision

Building Details

  • Gross Income $552,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$48,500

Year Built

Built in 2003

Lot Details

12.28 Acres

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential
  • Lot Size Acres: 12.28
  • Lot Size: 12.28 acres
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: 2740
  • Co List Office Phone: 479-750-9100
  • Subdivision Name: N E Corner Of Wobbe Gardens
  • Directions: Turn off of Highway 71 Business onto Randall Wobbe Road. Property is on the north side of the road.
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Age Unknown
  • Year Built: 2003
  • Property Sub Type Additional: Apartment,Multi Family
  • Special Features: RealEstateOwned
  • Stories: 2
  • Year Built: 2003

Interior Features

  • Appliances: Electric Range, Gas Water Heater, Range Hood
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Living Area: 87392.0
  • Window Features: Double Pane Windows, Vinyl

Exterior Features

  • Fencing: Partial
  • Lot Features: Cleared, City Lot, Level
  • Disclosures: Sellers Disclosure Not Available
  • Construction Type: Vinyl Siding
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Deck, Patio
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Near Schools, Sidewalks
  • Association #2 Fee Frequency: Monthly

Schools

  • Junior High Dist: Springdale

Lot Info

  • Zoning Description: Multi Family

Multi Family

  • Number Of Units In Community: 128
  • Number Of Units Total: 128
  • Annual Gross Income: 552000.0

Tax Info

  • Tax Annual Amount: 48500.0
  • Tax Block: 0
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2018
Sold by
Wobbe Lane Llc
Bought by
Andmark Wobbe Lane Apartm Ents Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,136,000
Outstanding Balance
$4,445,769
Interest Rate
4.54%

Purchase Details

Listed on
Mar 21, 2011
Closed on
Feb 28, 2014
Sold by
First State Bank Of Northwest Arkansas
Bought by
Wobbe Lane Llc
Seller's Agent
Bleaux Barnes
Mathias Real Estate
Buyer's Agent
Luke Terrell
Savant Real Estate & Development
List Price
$4,500,000
Sold Price
$3,900,000
Premium/Discount to List
-$600,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,510,000
Interest Rate
4.47%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 11, 2010
Bought by
D & P Chance Properties
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Andmark Wobbe Lane Apartm Ents Llc $2,136,750 --
Wobbe Lane Llc $3,900,000 Realty Title & Closing Servi
D & P Chance Properties -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andmark Wobbe Lane Apartm Ents Llc $5,136,000
Closed Andmark Wobbe Lane Apartm Ents Llc --
Previous Owner Wobbe Lane Llc $3,510,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2014 02/28/14 Sold $3,900,000 -13.3% $45 / Sq Ft
01/29/2014 01/29/14 Pending -- -- --
03/21/2011 03/21/11 For Sale $4,500,000 -- $51 / Sq Ft
Source: Northwest Arkansas Board of REALTORS®

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 $71,625 $1,385,400 $46,900 $1,338,500
2024 $71,625 $1,385,400 $46,900 $1,338,500
2023 $73,011 $1,385,400 $46,900 $1,338,500
2022 $50,642 $960,950 $26,140 $934,810
2021 $50,142 $960,950 $26,140 $934,810
2020 $45,983 $960,950 $26,140 $934,810
2019 $41,598 $789,340 $45,280 $744,060
2018 $41,598 $789,340 $45,280 $744,060
2017 $41,204 $789,340 $45,280 $744,060
2016 $41,204 $789,340 $45,280 $744,060
2015 $41,204 $789,340 $45,280 $744,060
2014 $40,278 $771,610 $57,160 $714,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 628464

Northwest Arkansas Board of REALTORS®

APN: 815-29579-002

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