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401 North Elm Street

401 North Elm Street, Little Rock, AR 72205
Property in Hillcrest
Sold Aug 24, 2021
$315,000
$267,750 by First Community Bank
Mortgage Due Aug 20, 2026
Sold Jun 24, 2010
$170,000
$166,920 by Metropolitan National Bank
Mortgage Due Jul 01, 2040
401 North Elm Street in Little Rock, AR was first built in 1928 and is 96 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 401 North Elm Street has 2,847 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 6,970 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. 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, 401 North Elm Street was last sold in Aug 23, 2021 for $315,000. According to our calculations, that's $110.64 per sqft. Prior to that sales transaction, the property was sold for $170,000 in Jun 4, 2010. Current property owners are expected to pay $4,538 in taxes per year. The property on 401 North Elm Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $64,824. To break that down further, the land itself was valued at $10,400. While improvements to the property were assessed at a total of $54,424. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Type: Built-in
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 2,847
  • Gross Building Area: 2,847
  • Building Area: 2,847
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,847
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIFFEL & RHOTEN RIDGELAND
  • Land Acres: 0.16
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)

Ownership

  • Current Owner : JACKSON BROTHLEM PROPERTIES LLC
  • Previous Owner : COLE MITZI
  • Previous Owner 2: COLE STEVEN
  • Owner Before Previous Owner: ADAMS STEVEN RAY
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Little Rock School District
  • School Tax School District: LITTLE ROCK
  • Census Tract: 001501

Geography

  • Parcel: 34L-064-00-046-00
  • Block: 2
  • Lot: 20
  • Meridian: SEC 05 TWN 01N RNG 12W
  • Municipality: LITTLE ROCK
  • Latitude: 34.7543
  • Longitude: -92.3182

    Address

  • Full Address: 401 N Elm St
  • Address - House Number: 401
  • Street Direction: N
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: AR
  • City Name: Little Rock
  • Carrier Code: C048
  • 4-Digit Zip Code: 5545
  • Zip Code: 72205

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,538
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.13
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 73
  • Final Value: 317,152
  • High Value: 358,393
  • Low Value: 275,910

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $267,750
  • First Open Lien Mortgage Lender: FIRST COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Aug 24, 2021
  • First Open Lien Mortgage Loan Amount: $267,750
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Aug 20, 2026

    Market Valuation

  • Market Total Value: $324,120
  • Market Land Value: $52,000
  • Market Improvement Value: $272,120

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $64,824
  • Assessed Land Value: $10,400
  • Assessed Improvements Value: $54,424

    Sales

  • Current Sale Contract Date: Aug 23, 2021
  • Current Sale Recording Date: Aug 24, 2021
  • Current Sale Transaction ID: 11851052696
  • Current Sale Price: $315,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021059784
  • Previous Sale Recording Date: Jun 24, 2010
  • Previous Sale Contract Date: Jun 04, 2010
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST COMMUNITY BANK
  • First Mortgage Transaction Date: Aug 24, 2021
  • First Mortgage Loan Amount: $267,750
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Aug 20, 2026

    Previous Mortgages

  • Previous Mortgage Lender: METROPOLITAN NATIONAL BANK
  • Previous Mortgage Transaction Date: Jun 24, 2010
  • Previous Mortgage Loan Amount: $166,920
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jul 01, 2040

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Frequently Asked Questions

What neighborhood is 401 North Elm Street located in?
The 401 North Elm Street is a located in the neighborhood of Hillcrest in Hillcrest, Little Rock.
What is the average sales price for listings in 401 North Elm Street?
The average sales price for units in 401 North Elm Street is $0 currently.

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