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321 Prospect Farm Lane

321 Prospect Farm Lane, Jonesboro, AR 72405
Property in Craighead
Sold Jul 26, 2016
$173,000
Sold Apr 20, 2007
$137,000
$109,600 by The Mortgage Source Inc
Mortgage Due May 01, 2037
Local assessors in Jonesboro, AR have categorized 321 Prospect Farm Lane as a residential type of property. The property's lot size has been calculated to be 10,890 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 321 Prospect Farm Lane has a total of 1,535 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 550 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of asphalt. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 321 Prospect Farm Lane sold most recently in Jul 22, 2016 for a total of $173,000. If you work out the math, that's approximately a cost of $112.70 per sqft. Before that, the property was also sold for $137,000 in Apr 13, 2007. 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 $1,583 in taxes each year. 321 Prospect Farm Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $33,912. If we break it down further, the land itself was valued at $5,000. Improvements to the property, however, were assessed at a total of $28,912. 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

  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Attached
  • Garage Square Area: 550
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,535
  • Building Area: 1,535
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,535
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PROSPECT FARMS
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PROSPECT FARMS PT SW NW 14-14-04 & PT SE NE 15-14-04

Ownership

  • Current Owner : THOMPSON ERIN E
  • Current Owner 2: THOMPSON MICHAEL BRANDON
  • Previous Owner : ELDRIDGE JERRY
  • Previous Owner 2: ELDRIDGE DONNA
  • Owner Before Previous Owner: COOPER JEFF
  • Owner Before Previous Owner 2: COOPER PAULA

Neighborhood

  • School District Name: Nettleton School District
  • School Tax School District: NETTLETON
  • School Tax District Code 2: JONESBORO
  • Census Tract: 000502

Geography

  • Parcel: 01-144142-04600
  • Lot: 7
  • Meridian: SEC 14 TWN 14 RNG 04
  • Municipality: NETTLETON-JONESBORO
  • Latitude: 35.8447
  • Longitude: -90.642

    Address

  • Full Address: 321 Prospect Farm Ln
  • Address - House Number: 321
  • Address - Street Name: Prospect Farm
  • Address - Suffix Type: Ln
  • State: AR
  • City Name: Jonesboro
  • Carrier Code: R034
  • 4-Digit Zip Code: 8789
  • Zip Code: 72405

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,583
  • Tax Rate Code Area: NE JB

    Appraisal Valuation

  • Standard Deviation: 0.2238
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 218,257
  • High Value: 267,109
  • Low Value: 169,405

    Market Valuation

  • Market Total Value: $169,560
  • Market Land Value: $25,000
  • Market Improvement Value: $144,560

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,912
  • Assessed Land Value: $5,000
  • Assessed Improvements Value: $28,912

    Sales

  • Current Sale Contract Date: Jul 22, 2016
  • Current Sale Recording Date: Jul 26, 2016
  • Current Sale Transaction ID: 1691319924
  • Current Sale Price: $173,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: JB2016R-011305
  • Previous Sale Recording Date: Apr 20, 2007
  • Previous Sale Contract Date: Apr 13, 2007
  • Previous Sale Amount: $137,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF ENGLAND
  • First Mortgage Transaction Date: Jul 26, 2016
  • First Mortgage Loan Amount: $169,866
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: THE MORTGAGE SOURCE INC
  • Previous Mortgage Transaction Date: Apr 20, 2007
  • Previous Mortgage Loan Amount: $109,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2037

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Frequently Asked Questions

What neighborhood is 321 Prospect Farm Lane located in?
The 321 Prospect Farm Lane is a located in the neighborhood of Craighead in Jonesboro, Jonesboro.
What is the average sales price for listings in 321 Prospect Farm Lane?
The average sales price for units in 321 Prospect Farm Lane is $0 currently.

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