NOT LISTED FOR SALE

9 Madrid Way Hot Springs Village, AR 71909

Estimated Value: $342,904 - $450,000

3 Beds
2 Baths
1,752 Sq Ft
$225/Sq Ft Est. Value

Last Sold September 27, 2021

Last sale price $325,000 $186 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,354/month

Highlights

  • Marina
  • Golf Course Community
  • Gated Community
  • Lake Front
  • Swim Dock
  • Community Lake

About This Home

As of September 2021

DESOTO LAKEFRONT Home! This one level, 3 bed, 2 bath, right on Lake Desoto will make a great vacation or permanent home! Open floor plan, stone fireplace with great lake views from the wall of windows in the Arkansas room! Double decks and a swim dock. Excellent storage, over-sized two car carport, mostly level lot! Minutes from multiple Village amenities including golf, outdoor pool, shopping, medical and more! Being sold As-is. Preparing for estate sale so no interior photos. Call for your virtual tour!

Last Agent to Sell the Property

Kimberly Taylor

Taylor Realty Group HSV Listed on: 06/12/2021

Co-Listed By

Austin Prince

Taylor Realty Group HSV

Last Buyer's Agent

Scott Perry

Hot Springs Village Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $932

Year Built

  • Built in 1982

Lot Details

  • 0.36 Acre Lot
  • Lake Front
  • Level Lot

HOA Fees

  • $69 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Combination Foundation
  • Frame Construction
  • Composition Roof
  • Stone Exterior Construction

Interior Spaces

  • 1,752 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Great Room
  • Formal Dining Room
  • Sun or Florida Room
  • Laundry Room
  • Unfinished Basement

Kitchen

  • Breakfast Bar
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Garage
  • Carport

Outdoor Features

  • Swim Dock
  • Cove
  • Deck
  • Outdoor Storage

Schools

  • Jessieville Elementary And Middle School
  • Jessieville High School

Utilities

  • Heat Pump System
  • Well
  • Electric Water Heater
  • Shared Sewer

Listing and Financial Details

  • Home warranty included in the sale of the property

Community Details

Overview

  • Voluntary home owners association
  • Other Mandatory Fees
  • Community Lake

Amenities

  • Picnic Area
  • Sauna
  • Clubhouse
  • Party Room

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Community Spa
  • Bike Trail

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$932

Year Built

Built in 1982

Lot Details

0

HOA Fees

$69 per month

Listing Details

  • Restrictions: Covenants
  • Class: Residential
  • Style: Traditional
  • Ext Features: Deck, Outside Storage Area
  • Lake: Yes
  • Lake Name: DeSoto
  • LVT Date: 06/12/2021
  • Road Surface: Paved
  • Street Designation: Way
  • Type: Detached
  • Warranty: 3rd Party Home Warranty
  • Estimated Year Built: 1982
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1982

Interior Features

  • Dining Room: Separate Dining Room
  • Fireplace: Woodburning-Site-Built
  • Bedrooms: 3 Bedrooms Same Level
  • Estimated Sq Ft: 1752
  • Basement: Unfinished
  • Bedrooms: 3
  • Floors: Tile, Carpet
  • Foundation: Slab/Crawl Combination
  • Full Bathrooms: 2
  • Interiors: Water Heater-Electric, Breakfast Bar
  • Kitchen Equip: Dishwasher
  • Other Rooms: Great Room, Sun Room, Laundry
  • Stories: One Story

Exterior Features

  • Exterior: Frame, Stone
  • Roof: Composition
  • Waterfront: Cove, Dock - Swimming

Garage/Parking

  • Parking: Carport, Two Car

Utilities

  • Utilities: Sewer-Public, Water-Public, Well, Poa Water, Community Sewer
  • Heat Air: Heat Pump

Condo/Co-op/Association

  • Amenities: Swimming Pool(s), Tennis Court(s), Sauna, Playground, Clubhouse, Security, Party Room, Picnic Area, Voluntary Fee, Mandatory Fee, Marina, Hot Tub, Golf Course, Fitness/Bike Trail, Gated Entrance
  • Condo Association Fee: 69.26
  • Frequency: Monthly

Schools

  • Junior High: Jessieville

Lot Info

  • Estimated Lot Size: 0.36
  • Estimated Lot Size: F84.000X R187 84 X 187
  • Lot: Level, Lake Front
  • Geo Subdivision: AR

Tax Info

  • Annual Taxes: 932
  • Year: 2020

MLS Schools

  • Elementary School: Jessieville
  • HighSchool: Jessieville
  • Middle School: Jessieville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2021
Closed on
Sep 30, 2021
Sold by
Ludder Ann M and Ludder Living Trust
Bought by
Marvin Kevin
Seller's Agent
Kimberly Taylor
Taylor Realty Group HSV
Buyer's Agent
Scott Perry
Hot Springs Village Real Estate
List Price
$400,000
Sold Price
$325,000
Premium/Discount to List
-$75,000
-18.75%
Current Estimated Value
$394,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,476
Avg. Annual Appreciation
4.86%
Original Mortgage
$391,520
Outstanding Balance
$356,254
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$38,222

Purchase Details

Closed on
Dec 21, 1998
Sold by
Not Provided
Bought by
Ludder Liv Trust

Purchase Details

Closed on
Aug 4, 1992
Sold by
Not Provided
Bought by
Ludder Grant R and Ludder Ann M

Purchase Details

Closed on
Jan 1, 1901
Bought by
Johnson Norman E
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
Marvin Kevin $325,000 Advantage Title & Escrow
Ludder Liv Trust -- --
Ludder Grant R $159,999 --
Johnson Norman E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marvin Kevin $391,520
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2021 09/27/21 Sold $325,000 -13.3% $186 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
07/27/2021 07/27/21 Price Changed $375,000 -6.3% $214 / Sq Ft
06/12/2021 06/12/21 For Sale $400,000 -- $228 / 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
2025 $2,518 $58,700 $9,070 $49,630
2024 $2,483 $58,700 $9,070 $49,630
2023 $2,483 $58,700 $9,070 $49,630
2022 $2,483 $58,700 $9,070 $49,630
2021 $1,307 $35,490 $9,070 $26,420
2020 $932 $35,490 $9,070 $26,420
2019 $932 $35,490 $9,070 $26,420
2018 $932 $35,490 $9,070 $26,420
2017 $957 $35,490 $9,070 $26,420
2016 $957 $38,280 $10,580 $27,700
2015 $957 $38,280 $10,580 $27,700
2014 $956 $30,890 $5,040 $25,850
Source: Public Records

Agents Affiliated with this Home

  • Kimberly Taylor

    Seller's Agent in 2021

    Kimberly Taylor

    Taylor Realty Group HSV

    (501) 282-4420

    273 in this area

    302 Total Sales

    Kimberly Taylor
    Section Image
  • Austin Prince

    Seller Co-Listing Agent in 2021

    Austin Prince

    Taylor Realty Group HSV

    (501) 701-9294

    34 in this area

    47 Total Sales

    Austin Prince
    Section Image
  • Scott Perry

    Buyer's Agent in 2021

    Scott Perry

    Hot Springs Village Real Estate

    (501) 226-8520

    40 in this area

    46 Total Sales

    Scott Perry
    Section Image
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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 21018194

Cooperative Arkansas REALTORS® MLS

APN: 200-42250-013-000

Arkansas Garland County Hot Springs Village 71909

9 Madrid Way, Hot Springs Village, 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.

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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