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5406 South 17th Terrace

5406 South 17th Terrace, Fort Smith, AR 72901
House in Mill Creek
Sold Aug 19, 2020
$50,001
$40,000 by Bancorpsouth Bank
Mortgage Due Aug 18, 2040
Sold Aug 09, 1999
Transfer
Local assessors in Fort Smith, AR have categorized 5406 South 17th Terrace as a residential type of property. The home was built in 1995 and is 29 years old. The property's lot size has been calculated to be 7,112 square feet. The linear feet between the front and back of the lot was measured at 1,270 ft and the front of the lot was measured at 560 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 5406 South 17th Terrace has a total of 1,176 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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There are 4 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a open porch and a patio so you'll have great options in both the front and back 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 fiberglass. Lots of brick 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Aug 19, 2020 for $50,001. That's $42.52 per sqft. 5406 South 17th Terrace was last assessed in 2023. The total value of the property was assessed at $12,510. Specifically, the land the property is located on was valued at $2,800. While improvements on the property were assessed at a total of $9,710. 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 $726. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Roof Cover Type: Fiberglass
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Attached
  • Parking Space Count: 4
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 7,112
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 560
  • Total Building Area: 1,176
  • Building Area: 1,176
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,176
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOUTHBROOK
  • Land Acres: 0.163
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 26

Ownership

  • Current Owner : TOLLISON KENNETH R
  • Current Owner 2: TOLLISON JO ANN
  • Previous Owner : MUMPHREY PAMELA

Neighborhood

  • School District Name: Fort Smith Public Schools
  • School Tax School District: FORT SMITH
  • School Tax District Code 2: FT SMITH
  • Census Tract: 001202

Geography

  • Parcel: 17145-0026-00000-00
  • Lot: 26
  • Meridian: SEC 33 TWN 08 RNG 32
  • Municipality: FORT SMITH CITY
  • Latitude: 35.3322
  • Longitude: -94.4166

    Address

  • Full Address: 5406 S 17th Ter
  • Address - House Number: 5406
  • Street Direction: S
  • Address - Street Name: 17th
  • Address - Suffix Type: Ter
  • State: AR
  • City Name: Fort Smith
  • Carrier Code: C037
  • 4-Digit Zip Code: 8510
  • Zip Code: 72901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $726
  • Tax Rate Code Area: 99FS

    Appraisal Valuation

  • Standard Deviation: 0.4433
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 11
  • Final Value: 98,734
  • High Value: 142,503
  • Low Value: 54,964

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $40,000
  • First Open Lien Mortgage Lender: BANCORPSOUTH BANK
  • First Open Lien Mortgage Recording Date: Aug 19, 2020
  • First Open Lien Mortgage Loan Amount: $40,000
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Aug 18, 2040

    Market Valuation

  • Market Total Value: $62,550
  • Market Land Value: $14,000
  • Market Improvement Value: $48,550

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,510
  • Assessed Land Value: $2,800
  • Assessed Improvements Value: $9,710

    Sales

  • Current Sale Contract Date: Aug 19, 2020
  • Current Sale Recording Date: Aug 19, 2020
  • Current Sale Transaction ID: 11783913947
  • Current Sale Price: $50,001
  • Current Sale Document Type: Fiduciary Deed
  • Current Sale Input Document Number: 2020F-19246
  • Previous Sale Recording Date: Aug 09, 1999
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANCORPSOUTH BANK
  • First Mortgage Transaction Date: Aug 19, 2020
  • First Mortgage Loan Amount: $40,000
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Aug 18, 2040

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Frequently Asked Questions

What neighborhood is 5406 South 17th Terrace located in?
The 5406 South 17th Terrace is a house located in the neighborhood of Mill Creek in Fort Smith Southside, Fort Smith.
What is the average sales price for listings in 5406 South 17th Terrace?
The average sales price for units in 5406 South 17th Terrace is $49,900 , or $42/sqft. currently.

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