NOT LISTED FOR SALE

Estimated Value: $301,000 - $1,294,102

-- Bed
6 Baths
3,628 Sq Ft
$257/Sq Ft Est. Value

Last Sold October 11, 2024

Last sale price $1,250,000 $345 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $5,589/month

20 Days on Market

Highlights

  • Property is near a park
  • Porch
  • Park
  • Fayetteville High School Rated A
  • Patio
  • Shops

About This Home

As of October 2024

Perfect Investment opportunity .4 miles from the University of Arkansas. This tandem home is a front and back duplex with one side facing Oakland Avenue and the other facing an alleyway with private parking. This duplex features 4 bedrooms and 3.5 bathrooms with an open living and kitchen concept per unit. Each side has it's own address, 929 & 931 Oakland. This unit is currently leased from August 1, 2024 - July 26th, 2025.

Last Agent to Sell the Property

McKane Martin

Prime Real Estate and Development Brokerage Phone: 479-571-1515 License #SA00098131 Listed on: 08/21/2024

Co-Listed By

Wendy Martin

Prime Real Estate and Development Brokerage Phone: 479-571-1515 License #SA00086094

Last Buyer's Agent

Jay Downing

Flyer Homes Real Estate License #PB00057327

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,335

Year Built

  • Built in 2020

Lot Details

  • 7,004 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 3,628 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Fire and Smoke Detector

Parking

  • On-Street Parking
  • Assigned Parking

Outdoor Features

  • Patio
  • Porch

Location

  • Property is near a park

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 3 / 6

Community Details

Overview

  • 2 Units
  • Rose Hill Add Subdivision

Amenities

  • Shops

Recreation

  • Park
  • Trails

Building Details

  • Gross Income $103,200
  • Net Operating Income $86,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,335

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Lot Size Acres: 0.1608
  • Road Frontage Type: Public Road
  • Co List Office Mls Id: 1515
  • Co List Office Phone: 479-571-1515
  • Subdivision Name: Rose Hill Add
  • Directions: From 71 Business, turn west onto North St, turn south on Leverett St, turn west on Hughes St, and turn south on Oakland Ave.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2020
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex,Multi Family
  • ResoBuildingAreaSource: PublicRecords
  • Attribution Contact: 479-571-1515
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater
  • Basement YN: No
  • Flooring: Laminate, Simulated Wood
  • Interior Amenities: See Remarks
  • Living Area: 3628.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Partial
  • Lot Features: Near Park
  • Construction Type: Concrete
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Patio And Porch Features: Patio, Porch
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Assigned, On Street

Utilities

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

Condo/Co-op/Association

  • Community Features: Near Schools, Park, Shopping, Sidewalks, Trails/Paths

Schools

  • Junior High Dist: Fayetteville

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Annual Gross Income: 103200.0
  • Property Net Operating Income: 86000.0

Tax Info

  • Tax Annual Amount: 7335.0
  • Tax Block: 6
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2024
Closed on
Oct 10, 2024
Sold by
Martin Building Group Llc
Bought by
Aeas 929-931 Oakland Llc
Seller's Agent
McKane Martin
Prime Real Estate and Development
Buyer's Agent
Jay Downing
Flyer Homes Real Estate
List Price
$1,310,000
Sold Price
$1,250,000
Premium/Discount to List
-$60,000
-4.58%
Views
6
Current Estimated Value
$934,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$315,966
Avg. Annual Appreciation
-23.09%
Original Mortgage
$350,000
Outstanding Balance
$180,540
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving
Estimated Equity
$753,494

Purchase Details

Closed on
Dec 31, 2019
Sold by
Martin Building Group Llc
Bought by
Martin John Jeff and Martin Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
3.6%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 14, 2019
Sold by
Joy Jeffery Jr David and Joy Jeffery
Bought by
Martin Building Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 23, 2003
Sold by
Baer Schelly Marie
Bought by
Joy Jeffery Jr David and Joy Jeffery

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,900
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 1987
Bought by
Pitts Paul Michael

Purchase Details

Closed on
Aug 15, 1985
Bought by
Pitts Paul Michael and Pitts Christie

Purchase Details

Closed on
Jan 28, 1985
Bought by
Pitts Paul Michael
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Aeas 929-931 Oakland Llc $1,250,000 Allegiance Title
Martin John Jeff -- Waco Title
Martin Building Group Llc $163,000 Waco Title Company
Joy Jeffery Jr David $82,000 Lenders Title Company
Pitts Paul Michael -- --
Pitts Paul Michael -- --
Pitts Paul Michael $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aeas 929-931 Oakland Llc $350,000
Previous Owner Martin John Jeff $490,000
Previous Owner Martin Building Group Llc $128,000
Previous Owner Joy Jeffery Jr David $72,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2024 10/11/24 Sold $1,250,000 -4.6% $345 / Sq Ft
09/10/2024 09/10/24 Pending -- -- --
08/21/2024 08/21/24 For Sale $1,310,000 -- $361 / 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 $7,866 $137,750 $31,500 $106,250
2024 $7,852 $137,750 $31,500 $106,250
2023 $7,458 $137,750 $31,500 $106,250
2022 $6,780 $116,990 $18,000 $98,990
2021 $6,780 $116,990 $18,000 $98,990
2020 $1,746 $30,130 $18,000 $12,130
2019 $961 $16,590 $9,000 $7,590
2018 $961 $16,590 $9,000 $7,590
2017 $95 $16,590 $9,000 $7,590
2016 $953 $16,590 $9,000 $7,590
2015 $908 $16,590 $9,000 $7,590
2014 $874 $15,172 $7,542 $7,630
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1284653

Northwest Arkansas Board of REALTORS®

APN: 765-10348-000