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402 Lake Street

402 Lake Street, Lake City, AR 72437
Property in Craighead
Sold Aug 13, 2021
$35,000
Buyer
Seller
$29,750 by First National Bank
Mortgage Due Aug 10, 2041
Sold Dec 18, 2020
$12,486
Local assessors in Lake City, AR have categorized 402 Lake Street as a residential type of property. The property's lot size has been calculated to be 6,048 square feet. The linear feet between the front and back of the lot was measured at 1,440 ft and the front of the lot was measured at 420 ft. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. 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 402 Lake Street has a total of 984 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. 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. The property was last sold in Jul 20, 2021 for $35,000. That's $35.57 per sqft. Prior to that sales transaction, the property was also sold in Dec 17, 2020 for $12,486. 402 Lake Street was last assessed in 2023. The total value of the property was assessed at $11,550. Specifically, the land the property is located on was valued at $1,600. While improvements on the property were assessed at a total of $9,950. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $618. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

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

    Dimensions

  • Lot Size Square Feet: 6,048
  • Lot Size Depth Feet: 1,440
  • Lot Size Frontage Feet: 420
  • Total Building Area: 984
  • Building Area: 984
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 984
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: U S SUB DIV
  • Land Acres: 0.139
  • Standard Land Use Code: Single family residential
  • Legal Description 1: U S SUB DIV OF LOT 2 SUPPLEMENTALSURVEY 27-14-6 S18.4' OF LOT 17 & ALLLOT 18 & N2.4' OF LOT 19

Ownership

  • Current Owner : SMITH JUDY
  • Previous Owner : CITIBANK NA
  • Owner Before Previous Owner: HELLENTHAL WINDY L

Neighborhood

  • School District Name: Riverside School District
  • School Tax School District: RIVERSIDE
  • School Tax District Code 2: LAKE CITY
  • Census Tract: 000900

Geography

  • Parcel: 07-146271-52400
  • Lot: 2,17-19
  • Meridian: SEC 27 TWN 14 RNG 06
  • Municipality: RIVERSIDE-LAKE CITY
  • Latitude: 35.8179
  • Longitude: -90.4293

    Address

  • Full Address: 402 Lake St
  • Address - House Number: 402
  • Address - Street Name: Lake
  • Address - Suffix Type: St
  • State: AR
  • City Name: Lake City
  • Carrier Code: R001
  • 4-Digit Zip Code: 9406
  • Zip Code: 72437

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $618
  • Tax Rate Code Area: RS LC

    Appraisal Valuation

  • Standard Deviation: 0.2513
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 76,415
  • High Value: 95,624
  • Low Value: 57,207

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $29,750
  • First Open Lien Mortgage Lender: FIRST NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Aug 13, 2021
  • First Open Lien Mortgage Loan Amount: $29,750
  • First Open Lien Mortgage Term: 240
  • 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 10, 2041

    Market Valuation

  • Market Total Value: $57,750
  • Market Land Value: $8,000
  • Market Improvement Value: $49,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,550
  • Assessed Land Value: $1,600
  • Assessed Improvements Value: $9,950

    Sales

  • Current Sale Contract Date: Jul 20, 2021
  • Current Sale Recording Date: Aug 13, 2021
  • Current Sale Transaction ID: 11850658297
  • Current Sale Price: $35,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2021R-019551
  • Previous Sale Recording Date: Dec 18, 2020
  • Previous Sale Contract Date: Dec 17, 2020
  • Previous Sale Amount: $12,486
  • Previous Sale Document Type: Foreclosure

    Last Sale Mortgage

  • First Mortgage Lender: FIRST NATIONAL BANK
  • First Mortgage Transaction Date: Aug 13, 2021
  • First Mortgage Loan Amount: $29,750
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Aug 10, 2041

About Lake City



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Frequently Asked Questions

What neighborhood is 402 Lake Street located in?
The 402 Lake Street is a located in the neighborhood of Craighead in Lake City, Lake City.
What is the average sales price for listings in 402 Lake Street?
The average sales price for units in 402 Lake Street is $0 currently.

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