Check Availability

40 Lancaster Drive

40 Lancaster Drive, Bella Vista, AR 72715
House in Lakeview
Sold Jun 17, 2022
$490,000
Sold Jun 22, 2021
$239,900
$301,600 by First Security Bank
Mortgage Due Jun 14, 2022
40 Lancaster Drive has been categorized by the local assessors in Bella Vista, AR as a residential type of property. The building on the property was first built in 1972 and is 52 years old. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 40 Lancaster Drive has 1,766 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 1,990 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 11,326 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a carport for those who require parking. According to our sources, there are a total of 4 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable style roof made of asphalt. The exterior walls of the building are made of wood. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery 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, 40 Lancaster Drive sold most recently in Jun 15, 2022 for a total of $490,000. If you work out the math, that's approximately a cost of $277.46 per sqft. Before that, the property was also sold for $239,900 in Jun 14, 2021. 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 $2,815 in taxes each year. 40 Lancaster Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $45,920. If we break it down further, the land itself was valued at $800. Improvements to the property, however, were assessed at a total of $45,120. 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

Masonite Siding

Driveway

Driveway

Parking

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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 Type: Partial basement
  • Basement Area: 1,990
  • Parking Type: Offsite
  • Garage Type: Carport
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 11,326
  • Total Building Area: 1,766
  • Building Area: 1,766
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,766
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAKEVIEW SUB-BVV
  • Land Acres: 0.26
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : JOOS TIMOTHY ALAN
  • Current Owner 2: JOOS DEBORAH L
  • Previous Owner : HOMELAND VENTURES LLC
  • Owner Before Previous Owner: HILTON FLOYD M
  • Owner Before Previous Owner 2: HILTON DEBRA J
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Bentonville Public Schools
  • Census Tract: 020803

Geography

  • District: 16
  • Parcel: 16-18245-000
  • Block: 5
  • Lot: 7
  • Meridian: SEC 21 TWN 21 RNG 31
  • Municipality: BELLA VISTA
  • Latitude: 36.4748
  • Longitude: -94.2781

    Address

  • Full Address: 40 Lancaster Dr
  • Address - House Number: 40
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Dr
  • State: AR
  • City Name: Bella Vista
  • Carrier Code: R025
  • 4-Digit Zip Code: 5399
  • Zip Code: 72715

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,815
  • Tax Rate Code Area: CBV6

    Appraisal Valuation

  • Standard Deviation: 0.2145
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 70
  • Final Value: 411,472
  • High Value: 499,734
  • Low Value: 323,210

    Market Valuation

  • Market Total Value: $229,600
  • Market Land Value: $4,000
  • Market Improvement Value: $225,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,920
  • Assessed Land Value: $800
  • Assessed Improvements Value: $45,120

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 15, 2022
  • Current Sale Recording Date: Jun 17, 2022
  • Current Sale Transaction ID: 11893451899
  • Current Sale Price: $490,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 40586
  • Previous Sale Recording Date: Jun 22, 2021
  • Previous Sale Contract Date: Jun 14, 2021
  • Previous Sale Amount: $239,900
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: FIRST SECURITY BANK
  • Previous Mortgage Transaction Date: Jun 22, 2021
  • Previous Mortgage Loan Amount: $301,600
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jun 14, 2022

About Lakeview



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 9 Burnham  Dr, Bella Vista, AR, 72715

$1,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,512 ft²
9 Burnham Dr, Bella Vista, AR, 72715 Listing by John Rhine
Unit for rent at 30 Cambria  Dr, Bella Vista, AR, 72715

$1,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,786 ft²
30 Cambria Dr, Bella Vista, AR, 72715 Listing by HM Property Management

Frequently Asked Questions

What neighborhood is 40 Lancaster Drive located in?
The 40 Lancaster Drive is a house located in the neighborhood of Lakeview in Lakeview, Bella Vista.
What is the average sales price for listings in 40 Lancaster Drive?
The average sales price for units in 40 Lancaster Drive is $0 currently.

Quantcast