NOT LISTED FOR SALE

9 Ridge Ln Mayflower, AR 72106

Estimated Value: $382,000 - $507,523

-- Bed
1 Bath
15,424 Sq Ft
$29/Sq Ft Est. Value

Last Sold December 13, 2019

Last sale price $365,000 $24 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,633/month

12 Days on Market

Highlights

  • Scenic Views
  • Wooded Lot
  • Central Heating and Cooling System
  • 3.9 Acre Lot
  • Traditional Architecture
  • Vinyl Flooring

About This Home

As of December 2019

30 unit apartment complex, built in 1974. There are 8 one bed, one bath units and 22 two bedroom, one bathroom units. Stove and refrigerator included. No washer or dryer connections. Owner pays water, night lights and dumpster. Good upside potential.

Last Agent to Sell the Property

Phil Dayer

ERA TEAM Real Estate Listed on: 05/10/2019

ERA TEAM Real Estate

Last Buyer's Agent

Dustin Turner

Exp Realty

Exp Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,647

Year Built

  • Built in 1974

Lot Details

  • 3.9 Acre Lot
  • Rural Setting
  • Sloped Lot
  • Wooded Lot

Parking

  • Parking Pad

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 15,424 Sq Ft Home
  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • Vinyl Flooring
  • Scenic Vista Views
  • Stove

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • 30 Units

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,647

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Style: Traditional
  • Inside City Limits: Yes
  • LVT Date: 05/13/2019
  • Price Per Sq Ft: 23.66
  • Road Surface: Gravel
  • Street Designation: Lane
  • Type: Apartments
  • Estimated Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1974

Interior Features

  • Floors: Vinyl
  • Foundation: Slab
  • Stories: Two Story
  • Interior Amenities: Hot Water Heater-Electric
  • Ceiling: Sheet Rock
  • Kitchen Equipment: Built-In Stove, Refrigerator-Stays

Exterior Features

  • Exterior: Brick & Frame Combo
  • Roof: Composition
  • Exterior Features: Dumpster

Garage/Parking

  • Garage/Parking: Parking Pads

Utilities

  • Utilities: Electric-Municipal, Tv-Cable
  • Heating And Air Cond: Central Cool-Electric, Central Heat-Electric

Lot Info

  • Estimated Lot Size: 3.9
  • Estimated Lot Size: 5.88 acres
  • Lot: Sloped, Rural Property, Wooded, Not In Subdivision, Vista View
  • Geo Subdivision: AR

Rental Info

  • Lease Type: Monthly

Multi Family

  • Annual Expenses: 5026
  • Tenant Expenses: Cable, Electric
  • Maximum Rent One Bedroom: 350
  • Maximum Rent Two Bedroom: 400
  • Minimum Rent One Bedroom: 250
  • Minimum Rent Two Bedroom: 395
  • Number Of One Bathroom Unitss: 30
  • Number Of One Bedroom Units: 8
  • Number Of Two Bedroom Units: 22
  • Number Units: 30

Tax Info

  • Annual Taxes: 3647

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2021
Sold by
Cedar View Apartments Llc
Bought by
65X Llc
Current Estimated Value
$442,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$687,000
Outstanding Balance
$627,386
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$167,600

Purchase Details

Closed on
Aug 20, 2010
Sold by
Rice Johnny Michael and Rice Johnny M
Bought by
Cedar View Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
4.58%
Mortgage Type
New Conventional
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
65X Llc $365,000 Standard Abstract & Title Co
Cedar View Apartments Llc $310,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 65X Llc $687,000
Previous Owner Wood David G $155,000
Previous Owner Cedar View Apartments Llc $472,000
Previous Owner Wood David G $120,000
Previous Owner Cedar View Apartments Llc $451,000
Previous Owner Wood David G $106,415
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2019 12/13/19 Sold $365,000 -18.9% $24 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
05/10/2019 05/10/19 For Sale $450,000 -- $29 / 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 $2,636 $83,590 $21,060 $62,530
2023 $2,510 $63,980 $17,900 $46,080
2022 $2,076 $63,980 $17,900 $46,080
2021 $1,949 $63,980 $17,900 $46,080
2020 $1,842 $44,720 $9,480 $35,240
2019 $1,842 $44,720 $9,480 $35,240
2018 $1,867 $44,720 $9,480 $35,240
2017 $1,867 $44,720 $9,480 $35,240
2016 $1,867 $44,720 $9,480 $35,240
2015 $2,052 $45,840 $9,480 $36,360
2014 $1,737 $45,840 $9,480 $36,360
Source: Public Records

Agents Affiliated with this Home

  • Phil Dayer

    Seller's Agent in 2019

    Phil Dayer

    ERA TEAM Real Estate

    (501) 327-6731

    31 Total Sales

    Phil Dayer
    Section Image
  • Dustin Turner

    Buyer's Agent in 2019

    Dustin Turner

    Exp Realty

    (501) 952-2969

    1 in this area

    204 Total Sales

    Dustin Turner
    Section Image
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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 19015571

Cooperative Arkansas REALTORS® MLS

APN: 415-00034-000

Arkansas Faulkner County Mayflower 72106

9 Ridge Ln, Mayflower, AR

This home is located at 9 Ridge Ln, Mayflower, AR 72106 since 10 May 2019 and is currently estimated at $442,881, approximately $28 per square foot. This property was built in 1974. 9 Ridge Ln is a home located in Faulkner County with nearby schools including Mayflower Elementary School, Mayflower Middle School, and Mayflower 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.

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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