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2418 South Gaines Street

2418 South Gaines Street, Little Rock, AR 72206
Sold Jan 11, 2018
$177,500
Buyer
Seller
$172,175 by Regions Bank
Mortgage Due Feb 01, 2048
Sold Mar 02, 2017
$167,075
2418 South Gaines Street in Little Rock, AR was first built in 1902 and is 122 years old. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 2418 South Gaines Street has 2,806 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 10,454 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a hip style roof made of asphalt. 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 condition of the building has been evaluated as average. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2418 South Gaines Street was last sold in Jan 9, 2018 for $177,500. According to our calculations, that's $63.26 per sqft. Prior to that sales transaction, the property was sold for $167,075 in Dec 21, 2012. Current property owners are expected to pay $3,033 in taxes per year. The property on 2418 South Gaines Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $49,976. To break that down further, the land itself was valued at $9,300. While improvements to the property were assessed at a total of $40,676. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1902
  • Effective Year Built: 1902
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Frame
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 2,806
  • Gross Building Area: 2,971
  • Building Area: 2,806
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,806
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CLARK
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CLARKS 11 & S 1/2 12 2

Ownership

  • Current Owner : JONES CASEY
  • Previous Owner : REGIONS BANK
  • Owner Before Previous Owner: LOCHALA JOHN DAVID
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Little Rock School District
  • School Tax School District: LITTLE ROCK
  • Census Tract: 004700

Geography

  • Parcel: 34L-205-00-026-00
  • Block: 2
  • Lot: 11-12
  • Meridian: SEC 10 TWN 01N RNG 12W
  • Municipality: LITTLE ROCK
  • Latitude: 34.725
  • Longitude: -92.2816

    Address

  • Full Address: 2418 S Gaines St
  • Address - House Number: 2418
  • Street Direction: S
  • Address - Street Name: Gaines
  • Address - Suffix Type: St
  • State: AR
  • City Name: Little Rock
  • Carrier Code: C010
  • 4-Digit Zip Code: 2112
  • Zip Code: 72206

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,033
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.2422
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 66
  • Final Value: 273,746
  • High Value: 340,064
  • Low Value: 207,429

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $172,175
  • First Open Lien Mortgage Lender: REGIONS BANK
  • First Open Lien Mortgage Recording Date: Jan 11, 2018
  • First Open Lien Mortgage Loan Amount: $172,175
  • 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: Feb 01, 2048

    Market Valuation

  • Market Total Value: $249,880
  • Market Land Value: $46,500
  • Market Improvement Value: $203,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $49,976
  • Assessed Land Value: $9,300
  • Assessed Improvements Value: $40,676

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 09, 2018
  • Current Sale Recording Date: Jan 11, 2018
  • Current Sale Transaction ID: 11356240652
  • Current Sale Price: $177,500
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2018002263
  • Previous Sale Recording Date: Mar 02, 2017
  • Previous Sale Contract Date: Dec 21, 2012
  • Previous Sale Amount: $167,075
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: REGIONS BANK
  • First Mortgage Transaction Date: Jan 11, 2018
  • First Mortgage Loan Amount: $172,175
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2048

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Frequently Asked Questions

What neighborhood is 2418 South Gaines Street located in?
The 2418 South Gaines Street is a located in the neighborhood of Downtown Little Rock in Downtown Little Rock, Little Rock.
What is the average sales price for listings in 2418 South Gaines Street?
The average sales price for units in 2418 South Gaines Street is $0 currently.

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