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701 2nd Avenue Southeast

701 2nd Avenue Southeast, Gravette, AR 72736
Property in Gravette
Sold May 02, 2016
$40,009
$452,200 by Gershman Investment Corp.
Mortgage Due Jul 01, 2038
Sold Dec 21, 2015
$127,785
This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 701 2nd Avenue Southeast has 4,852 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 22,651 square feet.

Learn more about the property and building on this page. There is a open porch and a patio. The home has a gable style roof made of fiberglass. For those who need parking, there is a attached garage. The garage is 816 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. 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, 701 2nd Avenue Southeast sold most recently in Mar 25, 2016 for a total of $40,009. If you work out the math, that's approximately a cost of $8.25 per sqft. Before that, the property was also sold for $127,785 in Dec 17, 2015. 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 $3,044 in taxes each year. 701 2nd Avenue Southeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $85,180. If we break it down further, the land itself was valued at $3,400. Improvements to the property, however, were assessed at a total of $81,780. 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. 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!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Quality: C+
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Fiberglass
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Attached
  • Garage Square Area: 816
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 22,651
  • Total Building Area: 4,852
  • Building Area: 4,852
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 4,852
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIGHLAND ADD-GRAVETTE
  • Land Acres: 0.52
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : WELTY VINCENT
  • Current Owner 2: WELTY DEBORAH
  • Previous Owner : DEUTSCHE BANK NATIONAL TRUST COMPANY
  • Owner Before Previous Owner: JACKSON APRIL MARIE
  • Owner Before Previous Owner 2: JACKSON ARNOLD RAY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Gravette School District
  • Census Tract: 020905

Geography

  • District: 11
  • Parcel: 11-00446-000
  • Block: 3
  • Lot: 1,2,3
  • Meridian: SEC 13 TWN 20 RNG 33
  • Municipality: GRAVETTE
  • Latitude: 36.4161
  • Longitude: -94.4524

    Address

  • Full Address: 701 2nd Ave Se
  • Address - House Number: 701
  • Street Segment Direction: SE
  • Address - Street Name: 2nd
  • Address - Suffix Type: Ave
  • State: AR
  • City Name: Gravette
  • Carrier Code: R004
  • 4-Digit Zip Code: 9424
  • Zip Code: 72736

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,044
  • Tax Rate Code Area: C20

    Appraisal Valuation

  • Standard Deviation: 0.2158
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 70
  • Final Value: 523,431
  • High Value: 636,412
  • Low Value: 410,450

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $452,200
  • First Open Lien Mortgage Lender: GERSHMAN INVESTMENT CORP.
  • First Open Lien Mortgage Recording Date: Jun 29, 2023
  • First Open Lien Mortgage Loan Amount: $452,200
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2038

    Market Valuation

  • Market Total Value: $425,900
  • Market Land Value: $17,000
  • Market Improvement Value: $408,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,180
  • Assessed Land Value: $3,400
  • Assessed Improvements Value: $81,780

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 25, 2016
  • Current Sale Recording Date: May 02, 2016
  • Current Sale Transaction ID: 1925360068
  • Current Sale Price: $40,009
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Dec 21, 2015
  • Previous Sale Contract Date: Dec 17, 2015
  • Previous Sale Amount: $127,785
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ARVEST BANK
  • First Mortgage Transaction Date: May 02, 2016
  • First Mortgage Loan Amount: $176,800
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Apr 15, 2017

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Frequently Asked Questions

What neighborhood is 701 2nd Avenue Southeast located in?
The 701 2nd Avenue Southeast is a located in the neighborhood of Gravette in Gravette, Gravette.
What is the average sales price for listings in 701 2nd Avenue Southeast?
The average sales price for units in 701 2nd Avenue Southeast is $0 currently.

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