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506 Chesapeake Drive

506 Chesapeake Drive, Searcy, AR 72143
Property in White
Sold Oct 03, 2013
$110,000
$112,244 by Bank Of England
Mortgage Due Oct 01, 2043
Sold Dec 14, 2004
$105,000
506 Chesapeake Drive in Searcy, AR was first built in 1996 and is 28 years old. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 506 Chesapeake Drive has 1,366 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 13,504 square feet.

Learn more about the property and building on this page. There is a open porch. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a gable style roof made of shingle (not wood). For those who need parking, there is a attached garage. The garage is 420 sqft. There are a total of 2 available parking spaces. 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 central air conditioning. As for heating, the home is utilizing a central heating system. The property was last sold in Sep 20, 2013 for $110,000. That's $80.53 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $105,000. 506 Chesapeake Drive was last assessed in 2023. The total value of the property was assessed at $22,970. Specifically, the land the property is located on was valued at $6,600. While improvements on the property were assessed at a total of $16,370. 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 $508. 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! 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

  • Year Built: 1996
  • Effective Year Built: 1996
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Attached
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 13,504
  • Total Building Area: 1,366
  • Building Area: 1,366
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,366
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHARLESTOWNE ADD I
  • Land Acres: 0.31
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ---

Ownership

  • Current Owner : MATA ANA E
  • Current Owner 2: RUIZ VIDAL
  • Previous Owner : LIGHT THOMAS G
  • Previous Owner 2: LIGHT PENNY SUE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Searcy School District
  • School Tax School District: SEARCY SPECIAL
  • School Tax District Code 2: SEARCY
  • Census Tract: 070902

Geography

  • District: 016
  • Parcel: 016-00624-323
  • Block: 2
  • Lot: 14
  • Meridian: SEC 08 TWN 07 RNG 07
  • Municipality: SEARCY CITY
  • Latitude: 35.2438
  • Longitude: -91.7697

    Address

  • Full Address: 506 Chesapeake Dr
  • Address - House Number: 506
  • Address - Street Name: Chesapeake
  • Address - Suffix Type: Dr
  • State: AR
  • City Name: Searcy
  • Carrier Code: R012
  • 4-Digit Zip Code: 7002
  • Zip Code: 72143

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $508
  • Tax Rate Code Area: SSS2

    Appraisal Valuation

  • Standard Deviation: 0.2716
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 61
  • Final Value: 175,157
  • High Value: 222,736
  • Low Value: 127,578

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $112,244
  • First Open Lien Mortgage Lender: BANK OF ENGLAND
  • First Open Lien Mortgage Recording Date: Oct 03, 2013
  • First Open Lien Mortgage Loan Amount: $112,244
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2043

    Market Valuation

  • Market Total Value: $114,850
  • Market Land Value: $33,000
  • Market Improvement Value: $81,850

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,970
  • Assessed Land Value: $6,600
  • Assessed Improvements Value: $16,370

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 20, 2013
  • Current Sale Recording Date: Oct 03, 2013
  • Current Sale Transaction ID: 1021400947
  • Current Sale Price: $110,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Dec 14, 2004
  • Previous Sale Amount: $105,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF ENGLAND
  • First Mortgage Transaction Date: Oct 03, 2013
  • First Mortgage Loan Amount: $112,244
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2043

About Searcy



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Frequently Asked Questions

What neighborhood is 506 Chesapeake Drive located in?
The 506 Chesapeake Drive is a located in the neighborhood of White in Searcy, Searcy.
What is the average sales price for listings in 506 Chesapeake Drive?
The average sales price for units in 506 Chesapeake Drive is $0 currently.

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