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7003 Covington Road

7003 Covington Road, Siloam Springs, AR 72761
Property in Stonecrest
Sold Aug 24, 2021
$256,000
$156,000 by Arvest Bank
Mortgage Due Sep 01, 2051
Sold Mar 29, 2012
$147,000
$117,500 by Arvest Mortgage Co
Mortgage Due Apr 01, 2042
Local assessors in Siloam Springs, AR have categorized 7003 Covington Road as a residential type of property. The home was built in 2005 and is 19 years old. The property's lot size has been calculated to be 10,890 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 2 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 7003 Covington Road has a total of 1,941 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. The garage on the property is 483 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 open porch 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 gable style roof that was made of fiberglass. 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. 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, 7003 Covington Road was last sold in Aug 20, 2021 for $256,000. According to our calculations, that's $131.89 per sqft. Prior to that sales transaction, the property was sold for $147,000 in Mar 14, 2012. Current property owners are expected to pay $2,319 in taxes per year. The property on 7003 Covington Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $40,260. To break that down further, the land itself was valued at $8,000. While improvements to the property were assessed at a total of $32,260. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C+
  • Construction Type: Masonry
  • Exterior Walls Type: Masonry
  • Roof Shape Type: Gable
  • Roof Cover Type: Fiberglass
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Attached
  • Garage Square Area: 483
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,941
  • Building Area: 1,941
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,941
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STONECREST SUB PH 1-SILOAM SPRINGS
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PLAT 3/19/04 2004-288.

Ownership

  • Current Owner : NEWTON SARAH
  • Current Owner 2: NEWTON JOHN
  • Previous Owner : LEE TREY DILLON
  • Previous Owner 2: LEE KAYLA JADE
  • Owner Before Previous Owner: ASHCRAFT CLINT T
  • Owner Before Previous Owner 2: ASHCRAFT ALISSA J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Siloam Springs Schools
  • Census Tract: 021312

Geography

  • District: 03
  • Parcel: 03-04888-000
  • Lot: 9
  • Meridian: SEC 03 TWN 17 RNG 33
  • Municipality: SILOAM SPRINGS
  • Latitude: 36.1859
  • Longitude: -94.4852

    Address

  • Full Address: 7003 Covington Rd
  • Address - House Number: 7003
  • Address - Street Name: Covington
  • Address - Suffix Type: Rd
  • State: AR
  • City Name: Siloam Springs
  • Carrier Code: R004
  • 4-Digit Zip Code: 9217
  • Zip Code: 72761

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,319
  • Tax Rate Code Area: C21

    Appraisal Valuation

  • Standard Deviation: 0.1908
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 74
  • Final Value: 336,656
  • High Value: 400,923
  • Low Value: 272,390

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $156,000
  • First Open Lien Mortgage Lender: ARVEST BANK
  • First Open Lien Mortgage Recording Date: Aug 24, 2021
  • First Open Lien Mortgage Loan Amount: $156,000
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $201,300
  • Market Land Value: $40,000
  • Market Improvement Value: $161,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,260
  • Assessed Land Value: $8,000
  • Assessed Improvements Value: $32,260

    Sales

  • Current Sale Contract Date: Aug 20, 2021
  • Current Sale Recording Date: Aug 24, 2021
  • Current Sale Transaction ID: 11850819309
  • Current Sale Price: $256,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021063136
  • Previous Sale Recording Date: Mar 29, 2012
  • Previous Sale Contract Date: Mar 14, 2012
  • Previous Sale Amount: $147,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ARVEST BANK
  • First Mortgage Transaction Date: Aug 24, 2021
  • First Mortgage Loan Amount: $156,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: ARVEST MORTGAGE CO
  • Previous Mortgage Transaction Date: Mar 29, 2012
  • Previous Mortgage Loan Amount: $117,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2042

About Stonecrest



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Frequently Asked Questions

What neighborhood is 7003 Covington Road located in?
The 7003 Covington Road is a located in the neighborhood of Stonecrest in Stonecrest, Siloam Springs.
What is the average sales price for listings in 7003 Covington Road?
The average sales price for units in 7003 Covington Road is $0 currently.

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