601 East Race Avenue

601 East Race Avenue in Searcy, AR was first built in 1925 and is 99 years old. This has been categorized as a commercial property type. It is a single story home. In total, the area measurement of the land is 31,363 square feet.

Learn more about the property and building on this page. The building type has been coded as 4. The code stands for buildings that have wood or wood and steel frames.. There is a porch. The home has a rigid frame bar style roof made of composition shingle. The exterior walls of the home are made of wood siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. 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. 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, 601 East Race Avenue sold most recently in Aug 26, 2021 for a total of $76,000. If you work out the math, that's approximately a cost of $26.69 per sqft. Before that, the property was also sold for $198,700 in Mar 30, 2020. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,078 in taxes each year. The initial year of tax delinquency occurred in 2016. 601 East Race Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $26,550. If we break it down further, the land itself was valued at $25,090. Improvements to the property, however, were assessed at a total of $1,460. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.