NOT LISTED FOR SALE

729/731 Erika Ave Fayetteville, AR 72701

Downtown Fayetteville Neighborhood

Estimated Value: $342,443 - $367,000

-- Bed
2 Baths
2,332 Sq Ft
$150/Sq Ft Est. Value

Last Sold July 29, 2020

Last sale price $214,800 $92 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,109/month

2 Days on Market

Highlights

  • Corner Lot
  • 2 Car Attached Garage
  • Central Heating and Cooling System
  • Fayetteville High School Rated A
  • Ceramic Tile Flooring
  • 1-Story Property

About This Home

As of July 2020

This duplex property is a rare gem with 3 Bedrooms and 2 Bathroom with almost 1200 sq ft in each unit in Fayetteville. This property is a great investment for landlords looking for long term tenants. With large master bedrooms and a master bath this is a great property for single families in the Fayetteville school district. Property has current tenants with a lease. Copies of leases will be provided upon accepted offer.

Last Agent to Sell the Property

Keri Bell

Crawford Real Estate and Associates License #EB00082719 Listed on: 06/26/2020

Last Buyer's Agent

Olga Barrientos

RE/MAX Real Estate Results License #SA00063296

RE/MAX Real Estate Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,599

Year Built

  • Built in 2003

Lot Details

  • 10,019 Sq Ft Lot
  • Back Yard Fenced
  • Corner Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2,332 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Self-Cleaning Oven
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Location

  • City Lot

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 1

Community Details

Overview

  • 2 Units
  • Cedarpoint Sub Subdivision

Building Details

  • Gross Income $9,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,599

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.23
  • Road Frontage Type: Shared
  • Subdivision Name: Cedarpoint Sub
  • Directions: From I-49 S travel south to exit 62 turn left onto Martin Luther King blvd toward University of Arkansas continue straight on Martin Luther King blvd then turn right onto Erika Ave. The duplex is the first one on your right.
  • Garage Yn: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 2003
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex,Multi Family
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Counter Top, Dishwasher, Electric Oven, Electric Water Heater, Self Cleaning Oven
  • Basement YN: No
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile
  • Living Area: 2332.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Back Yard
  • Lot Features: Corner Lot, City Lot
  • Construction Type: Brick
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Roof: Asphalt, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Parking Features: Attached, Garage, Two Spaces

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electricity Available

Schools

  • Junior High Dist: Fayetteville

Lot Info

  • Zoning Description: Multi Family
  • Zoning: N
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 9000.0

Tax Info

  • Tax Annual Amount: 1599.0
  • Tax Block: 0
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2020
Closed on
Jul 29, 2020
Sold by
Goddard John D and Cardwell Susan T
Bought by
Wu Tsimg Yueh
Seller's Agent
Keri Bell
Crawford Real Estate and Associates
Buyer's Agent
Olga Barrientos
RE/MAX Real Estate Results
List Price
$215,000
Sold Price
$214,800
Premium/Discount to List
-$200
-0.09%
Current Estimated Value
$350,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,311
Avg. Annual Appreciation
10.44%
Original Mortgage
$210,909
Outstanding Balance
$190,321
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$165,429

Purchase Details

Closed on
Jan 13, 2014
Sold by
Goddard Forrest J and Goddard Mary L
Bought by
The Goddard Family Trust

Purchase Details

Closed on
Oct 27, 2011
Sold by
The Bank Of Fayetteville
Bought by
Goddard Forrest J and Goddard Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,250
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2011
Bought by
Bank Of Fayetteville

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,250
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2011
Sold by
Lazenby William
Bought by
Bank Of Fayetteville

Purchase Details

Closed on
Jul 11, 1996
Bought by
Neil Johnson Properties Inc and Gillihan Doy H

Purchase Details

Closed on
Jan 1, 1995
Bought by
Neil Johnson Enterprises Inc and Gillihan Doy H
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
Wu Tsimg Yueh $214,800 City Title & Closing Llc
The Goddard Family Trust -- None Available
Goddard Forrest J $115,000 Lenders Title Company
Bank Of Fayetteville -- --
Bank Of Fayetteville -- None Available
Neil Johnson Properties Inc -- --
Neil Johnson Enterprises Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu Tsimg Yueh $210,909
Previous Owner Goddard Forrest J $86,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2020 07/29/20 Sold $214,800 -0.1% $92 / Sq Ft
06/29/2020 06/29/20 Pending -- -- --
06/26/2020 06/26/20 For Sale $215,000 -- $92 / 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 $2,413 $57,180 $10,800 $46,380
2023 $2,249 $57,180 $10,800 $46,380
2022 $1,669 $35,280 $8,000 $27,280
2021 $1,669 $35,280 $8,000 $27,280
2020 $1,384 $35,280 $8,000 $27,280
2019 $1,599 $27,600 $4,500 $23,100
2018 $1,599 $27,600 $4,500 $23,100
2017 $1,586 $27,600 $4,500 $23,100
2016 $1,586 $27,600 $4,500 $23,100
2015 $1,511 $27,600 $4,500 $23,100
2014 $1,569 $29,190 $4,500 $24,690
Source: Public Records

Agents Affiliated with this Home

  • Keri Bell

    Seller's Agent in 2020

    Keri Bell

    Crawford Real Estate and Associates

    (479) 231-7731

    1 in this area

    24 Total Sales

    Keri Bell
    Section Image
  • Olga Barrientos

    Buyer's Agent in 2020

    Olga Barrientos

    RE/MAX

    (479) 381-0706

    46 Total Sales

    Olga Barrientos
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1151074

Northwest Arkansas Board of REALTORS®

APN: 765-19764-000

Arkansas Washington County Fayetteville 72701 Downtown Fayetteville

729/731 Erika Ave, Fayetteville, AR

This home is located at 729/731 Erika Ave, Fayetteville, AR 72701 since 26 June 2020 and is currently estimated at $350,111, approximately $150 per square foot. This property was built in 2003. 729/731 Erika Ave is a home located in Washington County with nearby schools including Washington Elementary School, Owl Creek School, and Ramay Junior 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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