NOT LISTED FOR SALE

5941 E Drexel Cove Fayetteville, AR 72703

Estimated Value: $941,685 - $1,007,000

4 Beds
3.5 Baths
3,910 Sq Ft
$250/Sq Ft Est. Value

Last Sold June 08, 2023

Last sale price $900,000 $230 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,812/month

4 Days on Market

Highlights

  • Fireplace in Bedroom
  • Traditional Architecture
  • Attic
  • Vandergriff Elementary School Rated A-
  • Wood Flooring
  • Corner Lot

About This Home

As of June 2023

Welcome to this STUNNING traditional home on HUGE 1 acre corner lot that is situated in close proximity to beautiful Sassafras winery. Home has been meticulously maintained & exudes charm & elegance at every turn. Upon entering, you are greeted by a glass framed study entrance & Dining room that is perfect for entertaining. Bright & airy living room features gleaming hardwood floors, a cozy fireplace, & large windows that flood the space with natural light. Kitchen is a chef's dream, featuring large island, high-end appliances, oversized integrated refrigerator, & a breakfast nook that is perfect for casual meals, featuring built-in hutch & buffet area. Primary suite is a true oasis, with a large sitting area that includes a gas log fireplace & glass built-in study, luxurious bath that features a whirlpool tub, walk-in shower, custom walk-in closet, built-in dressers, & floor-to-ceiling hanging space. Outdoor living & entertaining, covered patio with fireplace & plenty of space for gathering with friends & family.

Last Agent to Sell the Property

Becky Lynch

Bassett Mix And Associates, Inc License #SA00076611 Listed on: 04/25/2023

Last Buyer's Agent

Margaret Schloss

Collier & Associates License #SA00085744

Collier & Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,466

Year Built

  • Built in 2010

Lot Details

  • 1 Acre Lot
  • Privacy Fence
  • Wood Fence
  • Back Yard Fenced
  • Landscaped
  • Corner Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • European Architecture
  • Slab Foundation
  • Shingle Roof
  • Architectural Shingle Roof

Interior Spaces

  • 3,910 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Built-In Features
  • Ceiling Fan
  • Gas Log Fireplace
  • ENERGY STAR Qualified Windows
  • Vinyl Clad Windows
  • Plantation Shutters
  • Blinds
  • Family Room with Fireplace
  • 4 Fireplaces
  • Home Office
  • Library
  • Game Room
  • Storage Room
  • Washer and Dryer Hookup
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Bedroom
  • Walk-In Closet

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Fireplace

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Community Details

  • Sassafras Hill Subdivision

Listing and Financial Details

  • Tax Lot 8

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,466

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.0
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Subdivision Name: Sassafras Hill
  • Directions: Take Joyce Blvd. and continue straight onto Old Wire Rd., Right on Guy Terry Rd., Right on Sassafras Hill Rd., Right onto E. Drexel Cove. Home is on the left.
  • Architectural Style: European, Traditional
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: House
  • Year Built Details: Resale (less than 25 years old)
  • Year Built: 2010
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • ResoBuildingAreaSource: Appraiser
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 2010

Interior Features

  • Appliances: Some Gas Appliances, Dishwasher, Exhaust Fan, Gas Water Heater, Microwave, Self Cleaning Oven
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Bedroom, Family Room, Gas Log, Gas Starter, Outside
  • Fireplaces: 4
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Wood
  • Interior Amenities: Attic, Built-in Features, Ceiling Fan(s), Central Vacuum, Eat-in Kitchen, Granite Counters, Walk-In Closet(s), Storage
  • Living Area: 3910.0
  • Dining Room Type: Game Room, Library, Office, Storage Room
  • Window Features: ENERGY STAR Qualified Windows, Vinyl, Blinds, Plantation Shutters
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Fencing: Back Yard, Privacy, Wood
  • Lot Features: Corner Lot, Landscaped, Level, None, Subdivision
  • Pool Features: None
  • Waterfront Features: None
  • Construction Type: Brick
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Other Structures: None
  • Patio And Porch Features: Brick, Covered, Patio, Porch
  • Roof: Architectural, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3.0
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Smoke Detector(s)
  • 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 Description: Residential
  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4466.0
  • Tax Block: .
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2023
Closed on
Jun 8, 2023
Sold by
Schmitt Carolyn L and Schmitt Neil M
Bought by
Joint Revocable Trust and Gregorich
Seller's Agent
Becky Lynch
Bassett Mix And Associates, Inc
Buyer's Agent
Margaret Schloss
Collier & Associates
List Price
$928,000
Sold Price
$900,000
Premium/Discount to List
-$28,000
-3.02%
Views
23
Current Estimated Value
$976,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,671
Avg. Annual Appreciation
3.49%
Original Mortgage
$716,000
Outstanding Balance
$696,236
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$280,435

Purchase Details

Closed on
Apr 15, 2008
Sold by
Hometown Development Ltd
Bought by
Schmitt Neil M and Schmitt Carolyn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,327
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
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
Joint Revocable Trust $900,000 Realty Title
Schmitt Neil M $109,000 Heritage Land Title Of Ar
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joint Revocable Trust $716,000
Previous Owner Schmitt Neil M $112,327
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2023 06/08/23 Sold $900,000 -3.0% $230 / Sq Ft
04/29/2023 04/29/23 Pending -- -- --
04/25/2023 04/25/23 For Sale $928,000 -- $237 / 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 $8,283 $173,150 $31,250 $141,900
2024 $7,372 $153,450 $31,250 $122,200
2023 $4,166 $153,450 $31,250 $122,200
2022 $4,216 $100,760 $22,500 $78,260
2021 $4,216 $100,760 $22,500 $78,260
2020 $4,281 $100,760 $22,500 $78,260
2019 $4,281 $88,040 $15,000 $73,040
2018 $4,306 $88,040 $15,000 $73,040
2017 $4,197 $88,040 $15,000 $73,040
2016 $4,262 $88,040 $15,000 $73,040
2015 $4,262 $88,040 $15,000 $73,040
2014 $4,253 $87,860 $15,000 $72,860
Source: Public Records

Agents Affiliated with this Home

  • Becky Lynch

    Seller's Agent in 2023

    Becky Lynch

    Bassett Mix And Associates, Inc

    (479) 466-7184

    90 Total Sales

    Becky Lynch
    Section Image
  • Margaret Schloss

    Buyer's Agent in 2023

    Margaret Schloss

    Collier & Associates

    (417) 293-8975

    80 Total Sales

    Margaret Schloss
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1244319

Northwest Arkansas Board of REALTORS®

APN: 433-00008-000

Arkansas Washington County Fayetteville 72703

5941 E Drexel Cove, 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.

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