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1240 South Morningside Drive

1240 South Morningside Drive, Fayetteville, AR 72701
Property in Washington
Sold Nov 30, 2021
$212,485
$169,988 by Priority Bank
Mortgage Due Dec 01, 2051
1240 South Morningside Drive has been categorized by the local assessors in Fayetteville, AR as a residential type of property. The building on the property was first built in 2021 and is 3 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 South Morningside Drive has 1,338 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building.

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 378 sqft. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as average. 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 frame 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 gable or hip style roof made of shingle (not wood). The exterior walls of the building are made of materials we are unsure of. 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. 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 South Morningside Drive sold most recently in Nov 24, 2021 for a total of $212,485. If you work out the math, that's approximately a cost of $158.81 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,137 in taxes each year. 1240 South Morningside Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $50,430. If we break it down further, the land itself was valued at $9,000. Improvements to the property, however, were assessed at a total of $41,430. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 2021
  • Effective Year Built: 2021
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Other
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Attached
  • Garage Square Area: 378
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,338
  • Building Area: 1,338
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,338
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARK MEADOWS PH III
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : ARANIBAR HENRY
  • Current Owner 2: ARANIBAR TAMARA
  • Previous Owner : RAUSCH COLEMAN HOMES NWA LLC

Neighborhood

  • School District Name: Fayetteville School District
  • School Tax School District: FAYETTEVILLE
  • School Tax District Code 2: FAYETTEVILLE
  • Census Tract: 011107

Geography

  • Parcel: 765-32014-000
  • Lot: 39
  • Meridian: SEC 22 TWN 16 RNG 30
  • Latitude: 36.0503
  • Longitude: -94.1491

    Address

  • Full Address: 1240 S Morningside Dr
  • Address - House Number: 1240
  • Street Direction: S
  • Address - Street Name: Morningside
  • Address - Suffix Type: Dr
  • State: AR
  • City Name: Fayetteville
  • Carrier Code: C031
  • 4-Digit Zip Code: 7113
  • Zip Code: 72701

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,137
  • Tax Rate Code Area: 011

    Appraisal Valuation

  • Standard Deviation: 0.1793
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 76
  • Final Value: 287,763
  • High Value: 339,376
  • Low Value: 236,149

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $169,988
  • First Open Lien Mortgage Lender: PRIORITY BANK
  • First Open Lien Mortgage Recording Date: Nov 30, 2021
  • First Open Lien Mortgage Loan Amount: $169,988
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2051

    Market Valuation

  • Market Total Value: $252,150
  • Market Land Value: $45,000
  • Market Improvement Value: $207,150

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,430
  • Assessed Land Value: $9,000
  • Assessed Improvements Value: $41,430

    Sales

  • Current Sale Contract Date: Nov 24, 2021
  • Current Sale Recording Date: Nov 30, 2021
  • Current Sale Transaction ID: 11869728350
  • Current Sale Price: $212,485
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-00045748

    Last Sale Mortgage

  • First Mortgage Lender: PRIORITY BANK
  • First Mortgage Transaction Date: Nov 30, 2021
  • First Mortgage Loan Amount: $169,988
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

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Frequently Asked Questions

What neighborhood is 1240 South Morningside Drive located in?
The 1240 South Morningside Drive is a located in the neighborhood of Washington in Fayetteville, Fayetteville.
What is the average sales price for listings in 1240 South Morningside Drive?
The average sales price for units in 1240 South Morningside Drive is $0 currently.

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