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2 Minorca Way

2 Minorca Way, Hot Springs Village, AR 71909
Property in Saline
Sold Aug 02, 2012
$120,000
$96,000 by Summit Bank
Mortgage Due Aug 01, 2042
Sold Feb 01, 1989
$118,500
Buyer
2 Minorca Way in Hot Springs Village, AR was first built in 1988 and is 36 years old. 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. 2 Minorca Way has 1,876 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. The linear feet across the front of the lot is 1,740 ft and the linear feet between the front and back of the lot is 1,000. In total, the area measurement of the land is 17,400 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable style roof made of asphalt. For those who need parking, there is a attached garage. The garage is 575 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 frame 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 wood. 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. 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, 2 Minorca Way sold most recently in Jul 31, 2012 for a total of $120,000. If you work out the math, that's approximately a cost of $63.97 per sqft. Before that, the property was also sold for $118,500 in Jan 1, 1970. 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 $761 in taxes each year. 2 Minorca Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $40,362. If we break it down further, the land itself was valued at $8,200. Improvements to the property, however, were assessed at a total of $32,162. 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: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C+
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • 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: 575
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 17,400
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 1,740
  • Total Building Area: 1,876
  • Building Area: 1,876
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,876
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BALLESTEROS
  • Land Acres: 0.399
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 2012-65080

Ownership

  • Current Owner : BROWN EDWARD E
  • Previous Owner : MARQUARDT FREDERICK J
  • Previous Owner 2: MARQUARDT ADELINE F
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Fountain Lake School District
  • School Tax School District: FOUNTAIN LAKE
  • Census Tract: 010516

Geography

  • Parcel: 412-00017-000
  • Block: 2
  • Lot: 4
  • Meridian: SEC 17 TWN 01S RNG 18W
  • Municipality: HOT SPRINGS VILLAGE
  • Latitude: 34.6477
  • Longitude: -92.9475

    Address

  • Full Address: 2 Minorca Way
  • Address - House Number: 2
  • Address - Street Name: Minorca
  • Address - Suffix Type: Way
  • State: AR
  • City Name: Hot Springs Village
  • Carrier Code: C061
  • 4-Digit Zip Code: 6500
  • Zip Code: 71909

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $761
  • Tax Rate Code Area: 180

    Appraisal Valuation

  • Standard Deviation: 0.2386
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 272,223
  • High Value: 337,187
  • Low Value: 207,258

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $96,000
  • First Open Lien Mortgage Lender: SUMMIT BANK
  • First Open Lien Mortgage Recording Date: Aug 02, 2012
  • First Open Lien Mortgage Loan Amount: $96,000
  • 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: Aug 01, 2042

    Market Valuation

  • Market Total Value: $201,810
  • Market Land Value: $41,000
  • Market Improvement Value: $160,810

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,362
  • Assessed Land Value: $8,200
  • Assessed Improvements Value: $32,162

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 31, 2012
  • Current Sale Recording Date: Aug 02, 2012
  • Current Sale Transaction ID: 1019506944
  • Current Sale Price: $120,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 12 065080
  • Previous Sale Recording Date: Feb 01, 1989
  • Previous Sale Amount: $118,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUMMIT BANK
  • First Mortgage Transaction Date: Aug 02, 2012
  • First Mortgage Loan Amount: $96,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2042

About Hot Springs Village



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Frequently Asked Questions

What neighborhood is 2 Minorca Way located in?
The 2 Minorca Way is a located in the neighborhood of Saline in Hot Springs Village, Hot Springs Village.
What is the average sales price for listings in 2 Minorca Way?
The average sales price for units in 2 Minorca Way is $0 currently.

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