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Closed
  • $450,000

    194 Fairview Rd, Searcy, AR 72143

    --beds
    --baths
    --sqft
    Single Family Residence
    Built in ----
    -- sqft lot
    $410,000 Zestimate®
    $--/sqft
    $810 Estimated rent

    Home value

    $410,000

    $308,000 - $549,000

    $810/mo

    Zestimate® history
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    $810/mo

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    What's special

    Property has solid income with the opportunity to increase value by paving the drive, and filling the vacant pad. No history of septic issues and was just pumped and inspected in September. The fact that all but the stick-built home are tenant-owned via owner finance contracts means that the maintenance costs for the owner should be minimal. This is a great benefit for those looking to invest in a property with minimal upkeep and maintenance expenses. Overall, this property presents a great investment opportunity for those looking to increase their portfolio and generate additional revenue. The improvements mentioned have the potential to increase the value of the property and make it even more attractive to potential buyers in the future. *Seller is willing to owner finance/carry a significant amount of the purchase price at the following terms: $300,000.00 paid at time of closing via cash or third party financing. The remaining balance of $150,000.00 paid monthly from Buyer to Seller at an interest rate of 8.5% amortized over 30 years to balloon in 5 years. Monthly principal and interest payments to be $1153.38

    Zillow last checked: 8 hours ago

    Listing updated: April 08, 2024 at 02:50pm

    Listed by:

    Bryton Crowell 870-273-6420,

    Coldwell Banker Village Communities,

    Kodi Griffin 870-935-4581,

    Coldwell Banker Village Communities

    Bought with:

    Kodi Griffin, AR

    Coldwell Banker Village Communities

    Source: CARMLS,MLS#: 24002362MLS Logo

    Facts & features

    Interior

    Appliances
    • Included: None
    Features
    • Flooring: Other
    Interior area
    • Total structure area: 0

    Property

    Parking
    • Parking features: Parking Pad
    Features
    • Levels: One
    Lot
    • Size: 5 Acres
    • Features: Level
    Details
    • Parcel number: 00108621000
    • Zoning: ?

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other (see remarks)
    • Property subtype: Single Family Residence
    Materials
    • Other
    • Foundation: Slab
    • Roof: Other
    Condition
    • New construction: No

    Utilities & green energy

    • Electric: Electric-Municipal
    • Sewer: Septic Tank
    • Water: Public

    Community & neighborhood

    Location
    • Region: Searcy
    • Subdivision: Metes & Bounds

    Other

    Other facts
    • Listing terms: Cash
    • Road surface type: Paved

    Price history

    DateEventPrice
    4/5/2024Sold$450,000
    Source: CARMLS #24002362
    2/14/2024Contingent$450,000
    Source: CARMLS #24002362
    2/14/2024Pending sale$450,000
    Source: Northeast Arkansas BOR #10112320
    1/23/2024Listed for sale$450,000+80%
    Source: Northeast Arkansas BOR #10112320
    12/1/2023Sold$250,000
    Source: Agent Provided

    Public tax history

    YearProperty taxesTax assessment
    2025$390 $9,790
    2024$390 $9,790
    2023$390 +0.1%$9,790 +0.1%

    Find assessor info on the county website

    Neighborhood: 72143

    Nearby schools

    GreatSchools rating
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