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12061 Shark Lane

12061 Shark Lane, Farmington, AR 72730
House in Washington
Sold Jan 14, 2021
$214,000
$214,000 by Flat Branch Home Loans Inc
Mortgage Due Feb 01, 2051
Sold Nov 20, 2018
$182,000
Local assessors in Farmington, AR have categorized 12061 Shark Lane as a residential type of property. The home was built in 2004 and is 20 years old. The property's lot size has been calculated to be 10,135 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 12061 Shark Lane has a total of 1,844 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 500 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a open porch and a patio so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. The building has a gable or hip style roof that was made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 12061 Shark Lane was last sold in Jan 13, 2021 for $214,000. According to our calculations, that's $116.05 per sqft. Prior to that sales transaction, the property was sold for $182,000 in Nov 15, 2018. Current property owners are expected to pay $2,032 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2019. The property on 12061 Shark Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $57,120. To break that down further, the land itself was valued at $9,000. While improvements to the property were assessed at a total of $48,120. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Masonry
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Attached
  • Garage Square Area: 500
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 10,135
  • Total Building Area: 1,844
  • Building Area: 1,844
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,844
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVIERA ESTATES
  • Land Acres: 0.232
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ANNEXED TO CITY OF FARMINGTON FOR 2008 & FOLLOWING YEARS PER OR NO. 2007-19

Ownership

  • Current Owner : WILSON TIFFANY
  • Current Owner 2: WILSON MICHAEL
  • Previous Owner : SUTTON GREG
  • Previous Owner 2: SUTTON JESSCIA
  • Owner Before Previous Owner: VALENTI PHIL
  • Owner Before Previous Owner 2: VALENTI DIANE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Prairie Grove School District
  • School Tax School District: PRAIRIE GROVE
  • Census Tract: 011006

Geography

  • Parcel: 760-03583-000
  • Lot: 44
  • Meridian: SEC 03 TWN 15 RNG 31
  • Latitude: 36.0051
  • Longitude: -94.2615

    Address

  • Full Address: 12061 Shark Ln
  • Address - House Number: 12061
  • Address - Street Name: Shark
  • Address - Suffix Type: Ln
  • State: AR
  • City Name: Farmington
  • Carrier Code: R001
  • 4-Digit Zip Code: 2716
  • Zip Code: 72730

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,032
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 232

    Appraisal Valuation

  • Standard Deviation: 0.1573
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 80
  • Final Value: 308,086
  • High Value: 356,556
  • Low Value: 259,616

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $214,000
  • First Open Lien Mortgage Lender: FLAT BRANCH HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Jan 14, 2021
  • First Open Lien Mortgage Loan Amount: $214,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Market Valuation

  • Market Total Value: $285,600
  • Market Land Value: $45,000
  • Market Improvement Value: $240,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $57,120
  • Assessed Land Value: $9,000
  • Assessed Improvements Value: $48,120

    Sales

  • Current Sale Contract Date: Jan 13, 2021
  • Current Sale Recording Date: Jan 14, 2021
  • Current Sale Transaction ID: 11811892306
  • Current Sale Price: $214,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-00001637
  • Previous Sale Recording Date: Nov 20, 2018
  • Previous Sale Contract Date: Nov 15, 2018
  • Previous Sale Amount: $182,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FLAT BRANCH HOME LOANS INC
  • First Mortgage Transaction Date: Jan 14, 2021
  • First Mortgage Loan Amount: $214,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Feb 01, 2051

About Farmington



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Frequently Asked Questions

What neighborhood is 12061 Shark Lane located in?
The 12061 Shark Lane is a house located in the neighborhood of Washington in Farmington, Farmington.
What is the average sales price for listings in 12061 Shark Lane?
The average sales price for units in 12061 Shark Lane is $0 currently.

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