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1240 Medway Lane

1240 Medway Lane, Centerton, AR 72719
Property in Kensington Hills
Sold Oct 08, 2009
$117,000
$114,880 by Bank Of America Na
Mortgage Due Oct 01, 2039
Sold Apr 22, 2009
$126,000
1240 Medway Lane has been categorized by the local assessors in Centerton, AR as a residential type of property. The building on the property was first built in 2005 and is 19 years old. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1240 Medway Lane has 2,023 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,970 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 441 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a open porch and a patio. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The building has a hip style roof made of fiberglass. The exterior walls of the building are made of masonry. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1240 Medway Lane sold most recently in Sep 3, 2009 for a total of $117,000. If you work out the math, that's approximately a cost of $57.83 per sqft. Before that, the property was also sold for $126,000 in Apr 16, 2007. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $2,394 in taxes each year. 1240 Medway Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $44,280. If we break it down further, the land itself was valued at $11,000. Improvements to the property, however, were assessed at a total of $33,280. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • 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: Hip
  • Roof Cover Type: Fiberglass
  • Floor Count: 1
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Attached
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 2,023
  • Building Area: 2,023
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,023
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KENSINGTON HILLS-CENTERTON
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PLAT 9/01/04 2004-1045.

Ownership

  • Current Owner : MOODY MICHAEL S
  • Previous Owner : INDYMAC FEDERAL BANK FSB
  • Owner Before Previous Owner: DIGGS ROBERT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bentonville Public Schools
  • Census Tract: 020903

Geography

  • District: 06
  • Parcel: 06-02183-000
  • Lot: 131
  • Meridian: SEC 34 TWN 20 RNG 31
  • Municipality: CENTERTON
  • Latitude: 36.3611
  • Longitude: -94.264

    Address

  • Full Address: 1240 Medway Ln
  • Address - House Number: 1240
  • Address - Street Name: Medway
  • Address - Suffix Type: Ln
  • State: AR
  • City Name: Centerton
  • Carrier Code: R005
  • 4-Digit Zip Code: 9506
  • Zip Code: 72719

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,394
  • Tax Rate Code Area: CC6

    Appraisal Valuation

  • Standard Deviation: 0.1906
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 74
  • Final Value: 335,990
  • High Value: 400,063
  • Low Value: 271,917

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $114,880
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Oct 08, 2009
  • First Open Lien Mortgage Loan Amount: $114,880
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2039

    Market Valuation

  • Market Total Value: $221,400
  • Market Land Value: $55,000
  • Market Improvement Value: $166,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,280
  • Assessed Land Value: $11,000
  • Assessed Improvements Value: $33,280

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 03, 2009
  • Current Sale Recording Date: Oct 08, 2009
  • Current Sale Transaction ID: 1028237380
  • Current Sale Price: $117,000
  • Current Sale Document Type: Special Warranty Deed
  • Previous Sale Recording Date: Apr 22, 2009
  • Previous Sale Contract Date: Apr 16, 2007
  • Previous Sale Amount: $126,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Oct 08, 2009
  • First Mortgage Loan Amount: $114,880
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2039

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Frequently Asked Questions

What neighborhood is 1240 Medway Lane located in?
The 1240 Medway Lane is a located in the neighborhood of Kensington Hills in Kensington Hills, Centerton.
What is the average sales price for listings in 1240 Medway Lane?
The average sales price for units in 1240 Medway Lane is $0 currently.

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