NOT LISTED FOR SALE

615 E Central Ave Bentonville, AR 72712

Estimated Value: $2,129,463 - $3,285,000

3 Beds
2 Baths
1,632 Sq Ft
$1,776/Sq Ft Est. Value

Last Sold May 08, 2020

Last sale price $420,000 $257 Per Sq Ft

Est. 590% increase in value since last sale

Current estimated payment $16,960/month

151 Days on Market

Highlights

  • Property is near a park
  • Traditional Architecture
  • Attic
  • R.E. Baker Elementary School Rated A
  • Wood Flooring
  • 3-minute walk to Eagle Mill Spring Park

About This Home

As of May 2020

Corner Lot at the intersection of E Central Ave & NE F street downtown Bentonville. .34 Acre. Lot considered for a lot split ( 2 parcels). Great buildable lots with a less than 5 min walk to the Bentonville Square, Bike Trail, and a short walk to Crystal Bridges Museum or the Momentary Museum. Would also convert to an AirBnB, for instant income producing opportunity.

Last Agent to Sell the Property

Clay Porter

Lindsey & Associates Inc License #EB00076998 Listed on: 11/08/2019

Lindsey & Associates Inc

Last Buyer's Agent

Clinton Bennett

Focus Commercial Real Estate License #EB00058021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,161

Year Built

  • Built in 1952

Lot Details

  • 0.34 Acre Lot
  • Back Yard Fenced
  • Landscaped
  • Corner Lot
  • Level Lot
  • Cleared Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof

Interior Spaces

  • 1,632 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Blinds
  • Mud Room
  • Storage Room
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Plumbed For Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Separate Outdoor Workshop
  • Outdoor Storage

Location

  • Property is near a park
  • City Lot

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 11,12/ / 1

Community Details

Overview

  • No Home Owners Association
  • Lincoln & Rice Subdivision

Amenities

  • Shops

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,161

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.34
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Subdivision Name: Lincoln & Rice
  • Directions: I -48 exit 88, go west on Central/Hwy 72 to NE F Street, turn North on NE F, property is on your left.
  • Architectural Style: Traditional
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: House
  • Year Built Details: 25 Years or older
  • Year Built: 1952
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1
  • Year Built: 1952

Interior Features

  • Appliances: Counter Top, Dishwasher, Gas Water Heater, Plumbed For Ice Maker
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile, Wood
  • Interior Amenities: Attic, Built-in Features, Mud Room, Storage
  • Living Area: 1632.0
  • Dining Room Type: Mud Room, Storage Room
  • Window Features: Blinds
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Back Yard
  • Lot Features: Cleared, Corner Lot, City Lot, Landscaped, Level, Near Park
  • Pool Features: None
  • Waterfront Features: None
  • Construction Type: Brick, Frame
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Other Structures: Storage, Workshop
  • Roof: Architectural, Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Parking Features: Attached

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Near Schools, Park, Shopping
  • Association: No

Schools

  • Junior High Dist: Bentonville

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1161.0
  • Tax Block: 1
  • Tax Lot: 11,12/

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2019
Closed on
May 8, 2020
Sold by
Red Betty Lou
Bought by
Bynum Martin and Bynum Amber
Seller's Agent
Clay Porter
Lindsey & Associates Inc
Buyer's Agent
Clinton Bennett
Focus Commercial Real Estate
List Price
$470,000
Sold Price
$420,000
Premium/Discount to List
-$50,000
-10.64%
Current Estimated Value
$2,898,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,478,821
Avg. Annual Appreciation
42.36%
Original Mortgage
$357,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 1997
Bought by
Dod 06-25-1997

Purchase Details

Closed on
Jun 27, 1974
Bought by
Red
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
Bynum Martin $420,000 Realty Ttl & Closing Svcs Ll
Bynum Martin $420,000 Realty Ttl & Closing Svcs Ll
Dod 06-25-1997 -- --
Red $221,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Bynum Martin $357,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2020 05/08/20 Sold $420,000 -10.6% $257 / Sq Ft
04/08/2020 04/08/20 Pending -- -- --
11/08/2019 11/08/19 For Sale $470,000 -- $288 / 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 $20,534 $557,242 $91,562 $465,680
2024 $19,690 $557,242 $91,562 $465,680
2023 $18,752 $303,434 $62,527 $240,907
2022 $3,958 $62,527 $62,527 $0
2021 $6,510 $103,180 $62,530 $40,650
2020 $786 $50,980 $39,990 $10,990
2019 $786 $50,980 $39,990 $10,990
2018 $811 $50,980 $39,990 $10,990
2017 $775 $50,980 $39,990 $10,990
2016 $775 $50,980 $39,990 $10,990
2015 $1,103 $21,100 $4,000 $17,100
2014 $753 $21,100 $4,000 $17,100
Source: Public Records

Agents Affiliated with this Home

  • Clay Porter

    Seller's Agent in 2020

    Clay Porter

    Lindsey & Associates Inc

    (479) 636-2200

    47 in this area

    84 Total Sales

    Clay Porter
    Section Image
  • Clinton Bennett

    Buyer's Agent in 2020

    Clinton Bennett

    Focus Commercial Real Estate

    (479) 200-3457

    3 in this area

    26 Total Sales

    Clinton Bennett
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1131637

Northwest Arkansas Board of REALTORS®

APN: 01-03244-000

Arkansas Benton County Bentonville 72712

615 E Central Ave, Bentonville, AR

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