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122 Terrace Drive

122 Terrace Drive, Lowell, AR 72745
Sold May 17, 2019
$169,500
$135,600 by First Security Bank
Mortgage Due Jun 01, 2034
Sold Jul 02, 2015
$115,000
Buyer
Seller
$112,917 by Franklin American Mortgage Co
Mortgage Due Jul 01, 2045
This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 122 Terrace Drive has 1,577 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 11,326 square feet.

Learn more about the property and building on this page. There is a open porch and a patio. The home has a gable style roof made of asphalt. For those who need parking, there is a attached garage. The garage is 462 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The exterior walls of the home are made of masonry. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in May 14, 2019 for $169,500. That's $107.48 per sqft. Prior to that sales transaction, the property was also sold in Jun 30, 2015 for $115,000. 122 Terrace Drive was last assessed in 2023. The total value of the property was assessed at $29,610. Specifically, the land the property is located on was valued at $7,200. While improvements on the property were assessed at a total of $22,410. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,325. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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

  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Masonry
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Attached
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 1,577
  • Building Area: 1,577
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,577
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FRANKLIN TERRACE-LOWELL
  • Land Acres: 0.26
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PLAT H-84

Ownership

  • Current Owner : LOGAN JOSEPH
  • Current Owner 2: LOGAN CAROLINE
  • Previous Owner : COE JACOB
  • Previous Owner 2: COE SARAH BETH
  • Owner Before Previous Owner: FANNIE MAE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Rogers Public Schools
  • Census Tract: 021315

Geography

  • District: 12
  • Parcel: 12-00438-000
  • Block: 4
  • Lot: 7
  • Meridian: SEC 02 TWN 18 RNG 30
  • Municipality: LOWELL
  • Latitude: 36.2557
  • Longitude: -94.1404

    Address

  • Full Address: 122 Terrace Dr
  • Address - House Number: 122
  • Address - Street Name: Terrace
  • Address - Suffix Type: Dr
  • State: AR
  • City Name: Lowell
  • Carrier Code: R004
  • 4-Digit Zip Code: 9706
  • Zip Code: 72745

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,325
  • Tax Rate Code Area: CL30

    Appraisal Valuation

  • Standard Deviation: 0.2094
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 71
  • Final Value: 269,120
  • High Value: 325,497
  • Low Value: 212,743

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $135,600
  • First Open Lien Mortgage Lender: FIRST SECURITY BANK
  • First Open Lien Mortgage Recording Date: May 17, 2019
  • First Open Lien Mortgage Loan Amount: $135,600
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2034

    Market Valuation

  • Market Total Value: $148,050
  • Market Land Value: $36,000
  • Market Improvement Value: $112,050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $29,610
  • Assessed Land Value: $7,200
  • Assessed Improvements Value: $22,410

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 14, 2019
  • Current Sale Recording Date: May 17, 2019
  • Current Sale Transaction ID: 11608437558
  • Current Sale Price: $169,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019024390
  • Previous Sale Recording Date: Jul 02, 2015
  • Previous Sale Contract Date: Jun 30, 2015
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST SECURITY BANK
  • First Mortgage Transaction Date: May 17, 2019
  • First Mortgage Loan Amount: $135,600
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2034

    Previous Mortgages

  • Previous Mortgage Lender: FRANKLIN AMERICAN MORTGAGE CO
  • Previous Mortgage Transaction Date: Jul 02, 2015
  • Previous Mortgage Loan Amount: $112,917
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jul 01, 2045

About Franklin Terrace



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Frequently Asked Questions

What neighborhood is 122 Terrace Drive located in?
The 122 Terrace Drive is a house located in the neighborhood of Franklin Terrace in Franklin Terrace, Lowell.
What is the average sales price for listings in 122 Terrace Drive?
The average sales price for units in 122 Terrace Drive is $0 currently.

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