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2301 Scott Street

2301 Scott Street, Little Rock, AR 72206
Multifamily in East of Broadway
Sold Jan 19, 2022
$1,250,000
$1,474,500 by First Community Bank
Mortgage Due Jan 07, 2025
Sold Oct 07, 2019
$875,000
$1,075,000 by Central Bank
Mortgage Due Oct 11, 2023
2301 Scott Street in Little Rock, AR was first built in 1971 and is 53 years old. This has been categorized as a residential property type. There are a total of 2 floors. 2301 Scott Street has 19,224 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 43,124 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable or hip style roof made of composition shingle. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. 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 no air conditioning. As for heating, the home is utilizing a heat pump. 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, 2301 Scott Street sold most recently in Jan 7, 2021 for a total of $1,250,000. If you work out the math, that's approximately a cost of $65.02 per sqft. Before that, the property was also sold for $875,000 in Sep 26, 2019. 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 $16,170 in taxes each year. 2301 Scott Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $231,000. If we break it down further, the land itself was valued at $8,625. Improvements to the property, however, were assessed at a total of $222,375. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 24
  • Business/Commerical Units Count: 24
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 43,124
  • Total Building Area: 19,224
  • Gross Building Area: 19,224
  • Building Area: 19,224
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 19,224
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FULKS SUB OF RAPLEY
  • Land Acres: 0.99
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: FULKS SUB OF RAPLEY LTS 2 THRU 7 2

Ownership

  • Current Owner : BOYNERIAN LLC
  • Previous Owner : CIG SCOTT LLC
  • Owner Before Previous Owner: COZYWOOD APARTMENTS LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Little Rock School District
  • School Tax School District: LITTLE ROCK
  • Census Tract: 004600

Geography

  • Parcel: 34L-210-00-016-00
  • Block: 2
  • Lot: 2-7
  • Meridian: SEC 10 TWN 01N RNG 12W
  • Municipality: LITTLE ROCK
  • Latitude: 34.7263
  • Longitude: -92.2723

    Address

  • Full Address: 2301 Scott St
  • Address - House Number: 2301
  • Address - Street Name: Scott
  • Address - Suffix Type: St
  • State: AR
  • City Name: Little Rock
  • Carrier Code: C007
  • 4-Digit Zip Code: 2373
  • Zip Code: 72206

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $16,170
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.1318
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 73
  • Final Value: 1,792,108
  • High Value: 2,028,323
  • Low Value: 1,555,892

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $2,169,500
  • First Open Lien Mortgage Lender: FIRST COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Jan 19, 2022
  • First Open Lien Mortgage Loan Amount: $1,474,500
  • First Open Lien Mortgage Term: 36
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Jan 07, 2025
  • Second Open Lien Mortgage Lender: FIRST COMMUNITY BANK
  • Second Open Lien Mortgage Recording Date: Nov 14, 2023
  • Second Open Lien Mortgage Loan Amount: $695,000
  • Second Open Lien Mortgage Term: 24
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Nov 09, 2025

    Market Valuation

  • Market Total Value: $1,155,000
  • Market Land Value: $43,125
  • Market Improvement Value: $1,111,875

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $231,000
  • Assessed Land Value: $8,625
  • Assessed Improvements Value: $222,375

    Sales

  • Current Sale Contract Date: Jan 07, 2021
  • Current Sale Recording Date: Jan 19, 2022
  • Current Sale Transaction ID: 11877899596
  • Current Sale Price: $1,250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 4643
  • Previous Sale Recording Date: Oct 07, 2019
  • Previous Sale Contract Date: Sep 26, 2019
  • Previous Sale Amount: $875,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST COMMUNITY BANK
  • First Mortgage Transaction Date: Jan 19, 2022
  • First Mortgage Loan Amount: $1,474,500
  • First Mortgage Terms: 36
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Jan 07, 2025

    Previous Mortgages

  • Previous Mortgage Lender: CENTRAL BANK
  • Previous Mortgage Transaction Date: Oct 07, 2019
  • Previous Mortgage Loan Amount: $1,075,000
  • Previous Mortgage Term: 47
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Oct 11, 2023

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Frequently Asked Questions

What neighborhood is 2301 Scott Street located in?
The 2301 Scott Street is a multifamily located in the neighborhood of East of Broadway in Downtown Little Rock, Little Rock.
What is the average sales price for listings in 2301 Scott Street?
The average sales price for units in 2301 Scott Street is $0 currently.

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