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404 North Lincoln Street

404 North Lincoln Street, Cabot, AR 72023
Commercial in Lonoke
1 Units For Sale
Unit for sale at 000 N Lincoln Street, Cabot, AR 72023

$175,000

  • Commercial
000 N Lincoln Street, Cabot, AR 72023 Listing by Gina Myers-Gunderman

404 North Lincoln Street has been categorized by the local assessors in Cabot, AR as a residential type of property. The building on the property was first built in 1975 and is 49 years old. The building has a total of 2 stories. In addition, 404 North Lincoln Street has 14,400 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,420 ft and across the front of the lot is 2,250 ft. The area measurement of the land has been determined as 31,799 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. The building has a rigid frame bar style roof made of composition shingle. The exterior walls of the building are made of wood siding. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing no 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, 404 North Lincoln Street was last sold in Apr 6, 2015 for $525,000. According to our calculations, that's $36.46 per sqft. Current property owners are expected to pay $4,368 in taxes per year. The property on 404 North Lincoln Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $85,810. To break that down further, the land itself was valued at $17,570. While improvements to the property were assessed at a total of $68,240. 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 description is generated based on publicly available data.

3 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230307
03/07/2023
Loft
-
-
$153,500
bedrooms
Loft
bathrooms
-
-
-
-
Gina Myers-Gunderman
Michele Phillips & Company, Realtors-Cabot Branch
20220307
03/07/2022
Loft
-
-
$162,500
bedrooms
Loft
bathrooms
-
-
-
-
Gina Myers-Gunderman
Michele Phillips & Company, Realtors-Cabot Branch
20210721
07/21/2021
Loft
-
-
$165,000
bedrooms
Loft
bathrooms
-
-
-
-
Gina Myers-Gunderman
Michele Phillips & Company, Realtors-Cabot Branch

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Bedroom Count: 0
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Rigid frame bar
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 20
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 31,799
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 2,250
  • Total Building Area: 14,400
  • Gross Building Area: 14,400
  • Building Area: 14,400
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: None
  • Heated Square Feet: 14,400
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OT CABOT CITY
  • Land Acres: 0.73
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: LOT: 9-12&N1/2 OF 8

Ownership

  • Current Owner : 3RD ST APTS LLC
  • Previous Owner : BEEN THERE AND DONE THAT LLC
  • Owner Before Previous Owner: KNIGHT WINTHROP R
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Cabot Public Schools
  • School Tax School District: CABOT
  • School Tax District Code 2: CABOT
  • Census Tract: 020202

Geography

  • Parcel: 720-01509-000
  • Block: 15
  • Meridian: SEC 18 TWN 04N RNG 09W
  • Municipality: CABOT
  • Latitude: 34.9744
  • Longitude: -92.0107

    Address

  • Full Address: 404 N Lincoln St
  • Address - House Number: 404
  • Street Direction: N
  • Address - Street Name: Lincoln
  • Address - Suffix Type: St
  • State: AR
  • City Name: Cabot
  • Carrier Code: C005
  • 4-Digit Zip Code: 2664
  • Zip Code: 72023

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,368
  • Tax Rate Code Area: 4 CB

    Appraisal Valuation

  • Standard Deviation: 0.127
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 74
  • Final Value: 562,847
  • High Value: 634,371
  • Low Value: 491,322

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $930,000
  • First Open Lien Mortgage Lender: BANK OF THE OZARKS
  • First Open Lien Mortgage Recording Date: Aug 03, 2021
  • First Open Lien Mortgage Loan Amount: $930,000
  • First Open Lien Mortgage Term: 94
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • First Open Lien Mortgage Loan Due Date: Jul 20, 2029

    Market Valuation

  • Market Total Value: $429,050
  • Market Land Value: $87,850
  • Market Improvement Value: $341,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,810
  • Assessed Land Value: $17,570
  • Assessed Improvements Value: $68,240

    Sales

  • Current Sale Contract Date: Apr 06, 2015
  • Current Sale Recording Date: Apr 24, 2015
  • Current Sale Transaction ID: 1218550041
  • Current Sale Price: $525,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 29, 2010
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST COMMUNITY BANK
  • First Mortgage Transaction Date: Apr 24, 2015
  • First Mortgage Loan Amount: $510,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Apr 06, 2020

    Financing

  • First Mortgage Financing Type: Unknown

About Cabot



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Frequently Asked Questions

What neighborhood is 404 North Lincoln Street located in?
The 404 North Lincoln Street is a commercial located in the neighborhood of Lonoke in Cabot, Cabot.
How many listings are currently for sale in 404 North Lincoln Street?
There is one unit for sale right now.
What is the average sales price for listings in 404 North Lincoln Street?
The average sales price for units in 404 North Lincoln Street is $175,000 currently.

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