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505 South Washington

505 South Washington, Magnolia, AR 71753
House in Columbia
Sold Dec 11, 2019
$20,000
$41,485 by Farmers Bank & Trust Na
Mortgage
505 South Washington in Magnolia, AR was first built in 1925 and is 99 years old. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 505 South Washington has 1,464 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. The linear feet across the front of the lot is 800 ft and the linear feet between the front and back of the lot is 2,450. In total, the area measurement of the land is 19,600 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable style roof made of fiberglass. 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 exterior walls of the home are made of wood. 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 no air conditioning. As for heating, the home 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, 505 South Washington was last sold in Dec 11, 2019 for $20,000. According to our calculations, that's $13.66 per sqft. Current property owners are expected to pay $244 in taxes per year. The property on 505 South Washington was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $6,160. To break that down further, the land itself was valued at $1,000. While improvements to the property were assessed at a total of $5,160. 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.

Building Features

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C-
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Fiberglass
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Unfinished basement
  • Basement Area: 220
  • Parking Type: Offsite
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 19,600
  • Lot Size Depth Feet: 2,450
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,464
  • Building Area: 1,464
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: None
  • Heated Square Feet: 1,464
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MCCARTY SURVEY
  • Land Acres: 0.45
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MCCARTHY SURVEY 80' MID PT. LOT 3 BOOK 2019 PAGE 4157 505 S WASHINGTON

Ownership

  • Current Owner : DRAKE CHRIS
  • Current Owner 2: DRAKE MOLLY
  • Previous Owner : EMC LLC
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Nov 08, 2023

Neighborhood

  • School District Name: Magnolia School District
  • School Tax School District: MAGNOLIA
  • School Tax District Code 2: MAGNOLIA
  • Census Tract: 950500

Geography

  • Parcel: 01-01657-00000
  • Lot: 3
  • Meridian: SEC 13 TWN 17S RNG 21W
  • Municipality: MAGNOLIA CITY
  • Latitude: 33.2634
  • Longitude: -93.2407

    Address

  • Full Address: 505 S Washington
  • Address - House Number: 505
  • Street Direction: S
  • Address - Street Name: Washington
  • State: AR
  • City Name: Magnolia
  • Carrier Code: C002
  • 4-Digit Zip Code: 3928
  • Zip Code: 71753

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $244
  • Tax Rate Code Area: 0401

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $41,485
  • First Open Lien Mortgage Lender: FARMERS BANK & TRUST NA
  • First Open Lien Mortgage Recording Date: Dec 11, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $41,485
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $30,800
  • Market Land Value: $5,000
  • Market Improvement Value: $25,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,160
  • Assessed Land Value: $1,000
  • Assessed Improvements Value: $5,160

    Sales

  • Current Sale Contract Date: Dec 11, 2019
  • Current Sale Recording Date: Dec 11, 2019
  • Current Sale Transaction ID: 11711581824
  • Current Sale Price: $20,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019-004157

    Last Sale Mortgage

  • First Mortgage Lender: FARMERS BANK & TRUST NA
  • First Mortgage Transaction Date: Dec 11, 2019
  • First Mortgage Loan Amount: $41,485
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Magnolia



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$700 /mo

  • 3 Beds
  • 1 Bath
Listing by Manager

Frequently Asked Questions

What neighborhood is 505 South Washington located in?
The 505 South Washington is a house located in the neighborhood of Columbia in Magnolia, Magnolia.
What is the average sales price for listings in 505 South Washington?
The average sales price for units in 505 South Washington is $0 currently.

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