NOT LISTED FOR SALE

625 Mississippi St Malvern, AR 72104

Estimated Value: $61,000 - $131,000

3 Beds
2 Baths
1,320 Sq Ft
$71/Sq Ft Est. Value

Last Sold September 26, 2018

Last sale price $39,500 $30 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $542/month

58 Days on Market

Highlights

  • Deck
  • Porch
  • Vinyl Flooring
  • Traditional Architecture
  • Level Lot

About This Home

As of September 2018

KNOCK, KNOCK, KNOCK....Opportunity is knocking here with this income potential piece of property located at 625 Mississippi Street in Malvern, AR on the back side of Malvern High School. It could be a great opportunity for you to live in one unit and rent out the other unit to help pay the bills. Or just a great investment... YOU decide. Give me a call today for your tour.

Last Agent to Sell the Property

Lisa Brosh

Coldwell Banker Tatman Realtors Listed on: 07/30/2018

Last Buyer's Agent

Danny Riggan

McClure Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $353

Year Built

  • Built in 1955

Lot Details

  • 0.25 Acre Lot
  • Level Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Composition Roof
  • Metal Siding

Interior Spaces

  • 1,320 Sq Ft Home
  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • Washer Hookup

Kitchen

  • Electric Range
  • Stove

Flooring

  • Laminate
  • Vinyl

Outdoor Features

  • Deck
  • Porch

Schools

  • Malvern Elementary And Middle School
  • Malvern High School

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System
  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$353

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Traditional
  • LVT Date: 07/31/2018
  • Price Per Sq Ft: 29.92
  • Road Surface: Paved
  • Street Designation: Street
  • Type: Duplex
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Zoning: RI
  • Source Of Sq Ft: Courthouse
  • Property Manager: Owner
  • Estimated Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Floors: Vinyl, Laminate
  • Foundation: Slab
  • Stories: Two Story
  • Interior Amenities: Washer Connection, Dryer Connection-Electric, Hot Water Heater-Electric
  • Walls: Sheet Rock
  • Ceiling: Sheet Rock
  • Kitchen Equipment: Free-Standing Stove, Electric Range

Exterior Features

  • Exterior: Metal/Vinyl Siding
  • Roof: Composition
  • Exterior Features: Deck, Porch

Utilities

  • Utilities: Sewer-Public, Water-Public, Electric-Municipal
  • Heating And Air Cond: Window Units

Schools

  • Elementary School: Malvern
  • Middle School: Malvern
  • High School: Malvern
  • Junior High: Malvern

Lot Info

  • Estimated Lot Size: 0.25
  • Estimated Lot Size: 0.246
  • Lot: Level, In Subdivision
  • Geo Subdivision: AR

Multi Family

  • Annual Expenses: 720
  • Tenant Expenses: All Utilities
  • Maximum Rent One Bedroom: 400
  • Maximum Rent Two Bedroom: 450
  • Minimum Rent One Bedroom: 350
  • Minimum Rent Two Bedroom: 400
  • Number Of One Bathroom Unitss: 1
  • Number Of One Bedroom Units: 1
  • Number Of Two Bathroom Units: 1
  • Number Of Two Bedroom Units: 1
  • Number Units: 2

Tax Info

  • Annual Taxes: 353.17
  • Year: 2017

MLS Schools

  • Elementary School: Malvern
  • HighSchool: Malvern
  • Middle School: Malvern

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2018
Closed on
Sep 27, 2018
Sold by
Jackson Francis
Bought by
Boles Darrell Ray and Collie Stephanie L
Seller's Agent
Lisa Brosh
Coldwell Banker Tatman Realtors
Buyer's Agent
Danny Riggan
McClure Real Estate
List Price
$49,900
Sold Price
$39,500
Premium/Discount to List
-$10,400
-20.84%
Current Estimated Value
$93,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,022
Avg. Annual Appreciation
18.16%
Original Mortgage
$33,575
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 30, 2018
Closed on
Sep 26, 2018
Sold by
Boles Darrell Ray and Collie Stephanie L
Bought by
Hiller Brett E and Lopez Heydeck Sonia Minerva
Seller's Agent
Lisa Brosh
Coldwell Banker Tatman Realtors
Buyer's Agent
Danny Riggan
McClure Real Estate
List Price
$49,900
Sold Price
$39,500
Premium/Discount to List
-$10,400
-20.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,575
Interest Rate
4.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Boles Darrell Ray $35,000 First National Title Co
Hiller Brett E $39,500 First National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hiller Brett E $33,575
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2018 09/26/18 Sold $39,500 -20.8% $30 / Sq Ft
07/30/2018 07/30/18 For Sale $49,900 -- $38 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

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 $399 $7,045 $410 $6,635
2023 $399 $7,045 $410 $6,635
2022 $399 $7,045 $410 $6,635
2021 $389 $7,045 $410 $6,635
2020 $353 $6,235 $900 $5,335
2019 $353 $6,235 $900 $5,335
2018 $353 $6,235 $900 $5,335
2017 $353 $6,235 $900 $5,335
2016 $331 $6,235 $900 $5,335
2015 $420 $7,905 $810 $7,095
2014 $420 $7,905 $810 $7,095
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lisa Brosh

    Coldwell Banker Tatman Realtors

    Section Image
  • Danny Riggan

    Buyer's Agent in 2018

    Danny Riggan

    McClure Real Estate

    (501) 844-7136

    62 Total Sales

    Danny Riggan
    Section Image
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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 18024456

Cooperative Arkansas REALTORS® MLS

APN: 700-05018-000

Arkansas Hot Spring County Malvern 72104

625 Mississippi St, Malvern, AR

This home is located at 625 Mississippi St, Malvern, AR 72104 since 30 July 2018 and is currently estimated at $93,522, approximately $70 per square foot. This property was built in 1955. 625 Mississippi St is a home located in Hot Spring County with nearby schools including Malvern Elementary School, Malvern Junior High School, and Wilson Intermediate 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.

Cooperative Arkansas REALTORS® MLS 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.

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