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Morrilton 72110
204 W Railroad Avenue
$125,000
House - For Sale

204 W Railroad Avenue

Morrilton, AR 72110
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1440 Sqft
$671
Estimated Monthly
$0
HOA / Fees
15.29%
Cap Rate

About This Property

Great commercial or residential opportunity!!  This property is zoned R1 for residential use but has been used as a thriving business called Fabric Patch & More since 2018 so the new owner would have the possibility of keeping it as a business!  This property is in excellent condition. New metal roof in 2023! Central heat & air. All electric. Nest thermostat. 4 rooms (2 small, 2 large) would make great offices, foyer/waiting area at front, full bathroom, washer/dryer hookups and a kitchen area at the back.  Parking in front and on one side of the building.  So many possibilities with this little jewel!

The manager has listed the unit size as 1440 square feet.
Unit Size
1,440Ft²
Days on Market
101 days
Land Size
0.17 acres
Price per sqft
$87
Property Type
House
Property Taxes
$57
HOA Dues
-
Year Built
1999
Listed By
Joy Howell-Rickett
Howell-Rickett Real Estate Professionals, Inc.
Last updated: 4 months ago (CARMLS #24002012)

Price History

Date / Event Date Event Price
Jan 19, 2024 Listed by Howell-Rickett Real Estate Professionals, Inc. $125,000
Listed by Howell-Rickett Real Estate Professionals, Inc.
Oct 1, 2018 Sold to Nancy Brewwer $62,000
Sold to Nancy Brewwer

Property Highlights

Air Conditioning
Exterior Details

Exterior Information

Metal
Vinyl Siding

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Bedroom Count: 0
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,492
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,440
  • Gross Building Area: 1,440
  • Building Area: 1,440
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: ORIGINAL TOWN OF MORRILTON
  • Land Acres: 0.172
  • Legal Description 1: N 100' LOT 5 & N 100' OF E 25' OF LOT 4 ALL IN BLOCK 5

Ownership

  • Current Owner : BREWWER NANCY
  • Previous Owner : RM AND H REAL ESTATE INC

Neighborhood

  • School District Name: South Conway County School District
  • School Tax School District: SOUTH CONWAY
  • School Tax District Code 2: MORRILTON
  • Census Tract: 950300

Geography

  • District: 006
  • Parcel: 006-00725-000-C
  • Block: 5
  • Lot: 4,5
  • Meridian: SEC 19 TWN 06 RNG 16
  • Municipality: MORRILTON
  • Latitude: 35.1523
  • Longitude: -92.7469

    Address

  • Full Address: 204 W Railroad Ave
  • Address - House Number: 204
  • Street Direction: W
  • Address - Street Name: Railroad
  • Address - Suffix Type: Ave
  • State: AR
  • City Name: Morrilton
  • Carrier Code: C002
  • 4-Digit Zip Code: 3341
  • Zip Code: 72110

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $744
  • Tax Rate Code Area: 117

    Market Valuation

  • Market Total Value: $68,950
  • Market Land Value: $12,750
  • Market Improvement Value: $56,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,790
  • Assessed Land Value: $2,550
  • Assessed Improvements Value: $11,240

    Sales

  • Current Sale Contract Date: Sep 28, 2018
  • Current Sale Recording Date: Oct 01, 2018
  • Current Sale Transaction ID: 11527610235
  • Current Sale Price: $62,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 2018R-004370
  • Previous Sale Recording Date: Aug 12, 1998
  • Previous Sale Amount: $9,000
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: Oct 01, 2018
  • First Mortgage Loan Amount: $50,400
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Sep 28, 2023

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
-
$100,000 Oct 25, 2023
-
$333/mo
Commercial
Loft
-
3,640 ft²
$34/ft²
$125,000 Sep 27, 2023
-
$65/mo

About Morrilton


Similar Homes for Sale

Unit for sale at 407 North St Joseph Street, Morrilton, AR 72110

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  • Commercial
  • 3,640 ft²
407 North St Joseph Street, Morrilton, AR 72110 Listing by Joy Howell-Rickett
Unit for sale at 120 West Broadway Street, Morrilton, AR 72110

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  • Commercial
120 West Broadway Street, Morrilton, AR 72110 Listing by Becki Griffey-Walters

Nearby Rentals

Unit for rent at 127 Shadybrook Street, Morrilton, AR, 72110

$690 /mo

  • Studio
  • 800 ft²
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Frequently Asked Questions

When was property at 204 West Railroad Avenue built and last sold?
The property at 204 West Railroad Avenue was built in 1999 and last sold on Sep 28, 2018 for $62,000.
How much is this home worth?
The estimated value of the home located at 204 West Railroad Avenue is $127,072.
What are some comparable homes to 204 West Railroad Avenue?
Homes that are comparable to 204 West Railroad Avenue include a commercial property at 120 West Broadway Street, 407 North St Joseph Street, which are both great to check out.

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