NOT LISTED FOR SALE

5802 Highway 62 W Eureka Springs, AR 72632

Estimated Value: $342,000 - $614,000

-- Bed
2 Baths
22,520 Sq Ft
$23/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $435,000 $19 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,959/month

78 Days on Market

Highlights

  • Wooded Lot
  • No HOA
  • Balcony
  • Eureka Springs Elementary School Rated A-
  • Covered Patio or Porch
  • Cooling Available

About This Home

As of April 2021

The property currently has 7 yearly leases in place. There is the potential for 16 studio apts to be rented at $500. a month. There are 2 wells and 4 septic systems with room to build more unites. The property sits on a ridge with beautiful views. Part of the rooms are furnished and could be overnight rentals. Possible owner financing.

Last Agent to Sell the Property

tay smith

Crye-Leike REALTORS Rogers License #SA00042025 Listed on: 01/11/2021

Crye-Leike REALTORS Rogers

Last Buyer's Agent

tay smith

Crye-Leike REALTORS Rogers License #SA00042025 Listed on: 01/11/2021

Crye-Leike REALTORS Rogers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,108

Year Built

  • Built in 1965

Lot Details

  • 17 Acre Lot
  • Property fronts a highway
  • Lot Has A Rolling Slope
  • Cleared Lot
  • Wooded Lot

Home Design

  • Block Foundation
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Cedar

Interior Spaces

  • 22,520 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Ceramic Tile

Parking

  • 2 Car Garage
  • Gravel Driveway
  • Parking Lot

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Location

  • Outside City Limits

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 23 Units

Additional Features

  • Shops
  • Gross Income $54,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,108

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 17.0
  • Road Frontage Type: Highway
  • Subdivision Name: none
  • Directions: East of Eureka Springs on highway 62. Property on left, no sign. AKA Bluebird Lodge.
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: 25 Years or older
  • Year Built: 1965
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Multi Family
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1965

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Crawl Space
  • Basement YN: No
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: None
  • Living Area: 22520.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: None
  • Lot Features: Cleared, Outside City Limits, Rolling Slope, Wooded
  • Construction Type: Brick, Cedar
  • Exterior Features: Gravel Driveway
  • Foundation Details: Block, Crawlspace, Slab
  • Patio And Porch Features: Balcony, Covered
  • Roof: Asphalt, Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Parking Features: Garage, Parking Lot

Utilities

  • Security: Fire Alarm
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Near Hospital, Near Schools, Shopping
  • Association: No

Schools

  • Junior High Dist: Eureka Springs

Lot Info

  • Additional Parcels Description: 001-06329-000
  • Zoning Description: Multi Family
  • Zoning: N
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 23
  • Number Of Units Total: 23
  • Annual Gross Income: 54600.0

Tax Info

  • Tax Annual Amount: 5108.0
  • Tax Block: 0
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2021
Closed on
May 4, 2021
Sold by
Waitkus Kyle and Waitkus Misty
Bought by
New Market Holdings Llc
Seller's Agent
tay smith
Crye-Leike REALTORS Rogers
Buyer's Agent
tay smith
Crye-Leike REALTORS Rogers
List Price
$550,000
Sold Price
$435,000
Premium/Discount to List
-$115,000
-20.91%
Current Estimated Value
$514,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,415
Avg. Annual Appreciation
2.81%
Original Mortgage
$391,500
Interest Rate
3.1%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 9, 2015
Bought by
Waitkus Kyle and Bluebird Mountain Village

Purchase Details

Closed on
Nov 22, 2002
Sold by
Thurman
Bought by
Doty

Purchase Details

Closed on
Feb 24, 2000
Sold by
Doty
Bought by
Thurman

Purchase Details

Closed on
Jul 21, 1992
Sold by
Not Provided
Bought by
Not Provided

Purchase Details

Closed on
Jun 10, 1983
Bought by
Mcclung To Doty

Purchase Details

Closed on
Sep 10, 1929
Bought by
From Close
Source: Public Records

Range of Values:

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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
New Market Holdings Llc $435,000 None Available
Waitkus Kyle $430,000 --
Doty -- --
Thurman $200,000 --
Not Provided $5,000 --
Mcclung To Doty $5,000 --
From Close $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open New Market Holdings Llc $280,600
Closed New Market Holdings Llc $391,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $435,000 -20.9% $19 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
01/11/2021 01/11/21 For Sale $550,000 -- $24 / 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
2024 $1,874 $38,540 $10,000 $28,540
2023 $1,873 $38,540 $10,000 $28,540
2022 $1,874 $38,540 $10,000 $28,540
2021 $1,877 $38,560 $10,020 $28,540
2020 $1,974 $40,570 $10,020 $30,550
2019 $1,992 $40,570 $10,020 $30,550
2018 $1,992 $40,570 $10,020 $30,550
2017 $1,950 $40,570 $10,020 $30,550
2016 $1,791 $35,410 $6,260 $29,150
2014 -- $41,270 $12,240 $29,030
Source: Public Records

Agents Affiliated with this Home

  • t

    Seller's Agent in 2021

    tay smith

    Crye-Leike REALTORS Rogers

    (479) 633-5348

    15 Total Sales

    tay smith
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1170942

Northwest Arkansas Board of REALTORS®

APN: 001-06330-000

Arkansas Carroll County Eureka Springs 72632

5802 Highway 62 W, Eureka Springs, AR

This home is located at 5802 Highway 62 W, Eureka Springs, AR 72632 since 11 January 2021 and is currently estimated at $514,415, approximately $22 per square foot. This property was built in 1965. 5802 Highway 62 W is a home located in Carroll County with nearby schools including Eureka Springs Elementary School, Eureka Springs Middle School, and Eureka Springs High School.

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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