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548 Co Rd 2731

548 Co Rd 2731, London, AR 72847
Property in Johnson
Sold Jul 28, 2021
$490,000
$302,000 by Arvest Bank
Mortgage Due Aug 01, 2051
Sold Aug 20, 2020
$130,000
Local assessors in London, AR have categorized 548 Co Rd 2731 as a residential type of property. The property's lot size has been calculated to be 43,560 square feet. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. 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 548 Co Rd 2731 has a total of 2,279 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 1,579 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. The garage on the property is 600 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a unknown 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 masonry 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 hip style roof that was made of shingle (not wood). Lots of masonry 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 548 Co Rd 2731 sold most recently in Jul 27, 2021 for a total of $490,000. If you work out the math, that's approximately a cost of $215.01 per sqft. Before that, the property was also sold for $130,000 in Aug 19, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,985 in taxes each year. 548 Co Rd 2731 was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $87,700. If we break it down further, the land itself was valued at $5,400. Improvements to the property, however, were assessed at a total of $82,300. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
Cedar Siding

Parking

Detached Garage
Attached Garage

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: C+
  • Construction Type: Masonry
  • Exterior Walls Type: Masonry
  • Roof Shape Type: Hip
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Finished improved basement
  • Basement Area: 1,579
  • Garage Type: Attached
  • Garage Square Area: 600
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,279
  • Building Area: 2,279
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,279
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PINEY BAY ESTATES
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 19

Ownership

  • Current Owner : SCHLAFER JEROME
  • Previous Owner : FARMER SCOTT
  • Previous Owner 2: FARMER BELINDA
  • Owner Before Previous Owner: KELLISON DALE
  • Owner Before Previous Owner 2: KELLISON DEBORAH ELLA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lamar School District
  • School Tax School District: LAMAR
  • Census Tract: 952200

Geography

  • Parcel: 022-00018-000
  • Lot: 19
  • Meridian: SEC 27 TWN 09 RNG 22
  • Municipality: LAMAR
  • Latitude: 35.4087
  • Longitude: -93.3232

    Address

  • Full Address: 548 County Road 2731
  • Address - House Number: 548
  • Address - Street Name: County Road 2731
  • State: AR
  • City Name: London
  • Carrier Code: R030
  • 4-Digit Zip Code: 8307
  • Zip Code: 72847

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,985
  • Tax Rate Code Area: 39

    Appraisal Valuation

  • Standard Deviation: 0.2633
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 62
  • Final Value: 581,583
  • High Value: 734,745
  • Low Value: 428,421

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $302,000
  • First Open Lien Mortgage Lender: ARVEST BANK
  • First Open Lien Mortgage Recording Date: Jul 28, 2021
  • First Open Lien Mortgage Loan Amount: $302,000
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $438,500
  • Market Land Value: $27,000
  • Market Improvement Value: $411,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $87,700
  • Assessed Land Value: $5,400
  • Assessed Improvements Value: $82,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 27, 2021
  • Current Sale Recording Date: Jul 28, 2021
  • Current Sale Transaction ID: 11846502651
  • Current Sale Price: $490,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: L202103521
  • Previous Sale Recording Date: Aug 20, 2020
  • Previous Sale Contract Date: Aug 19, 2020
  • Previous Sale Amount: $130,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ARVEST BANK
  • First Mortgage Transaction Date: Jul 28, 2021
  • First Mortgage Loan Amount: $302,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

About Johnson



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Frequently Asked Questions

What neighborhood is 548 Co Rd 2731 located in?
The 548 Co Rd 2731 is a other located in the neighborhood of Johnson in Johnson, London.
What is the average sales price for listings in 548 Co Rd 2731?
The average sales price for units in 548 Co Rd 2731 is $498,700 , or $129/sqft. currently.

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