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702 Magnolia Lane

702 Magnolia Lane, Bentonville, AR 72712
Property in Magnolia
Sold Jul 17, 2014
$165,000
$150,000 by Franklin American Mortgage Co
Mortgage Due Apr 01, 2048
Sold Jul 02, 2003
$100,000
Buyer
This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 702 Magnolia Lane has 1,630 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 10,890 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 asphalt. For those who need parking, there is a attached garage. The garage is 528 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 masonry 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 masonry. 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. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 702 Magnolia Lane sold most recently in Jul 10, 2014 for a total of $165,000. If you work out the math, that's approximately a cost of $101.23 per sqft. Before that, the property was also sold for $100,000 in Jan 1, 1970. 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 $1,461 in taxes each year. 702 Magnolia Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $43,920. If we break it down further, the land itself was valued at $8,600. Improvements to the property, however, were assessed at a total of $35,320. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • 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: Asphalt
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Attached
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 10,890
  • Total Building Area: 1,630
  • Building Area: 1,630
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,630
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MAGNOLIA PARK-BENTONVILLE
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MCDANIEL TAMARA S
  • Current Owner 2: HOUSE JAMES
  • Previous Owner : BOGLE KIMBERLY ERIN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bentonville Public Schools
  • Census Tract: 020605

Geography

  • District: 01
  • Parcel: 01-03340-000
  • Lot: 15
  • Meridian: SEC 30 TWN 20 RNG 30
  • Municipality: BENTONVILLE
  • Latitude: 36.3769
  • Longitude: -94.2166

    Address

  • Full Address: 702 Magnolia Ln
  • Address - House Number: 702
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Ln
  • State: AR
  • City Name: Bentonville
  • Carrier Code: C003
  • 4-Digit Zip Code: 5155
  • Zip Code: 72712

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,461
  • Tax Rate Code Area: C6

    Appraisal Valuation

  • Standard Deviation: 0.191
  • Valuation Date: Aug 16, 2023
  • Confidence Score: 74
  • Final Value: 497,444
  • High Value: 592,467
  • Low Value: 402,422

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $477,600
  • First Open Lien Mortgage Lender: FRANKLIN AMERICAN MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Mar 27, 2018
  • First Open Lien Mortgage Loan Amount: $150,000
  • 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: Apr 01, 2048
  • Second Open Lien Mortgage Lender: IBERIABANK
  • Second Open Lien Mortgage Recording Date: Feb 12, 2020
  • Second Open Lien Mortgage Loan Amount: $163,800
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Mar 01, 2050
  • Third Open Lien Mortgage Lender: IBERIABANK
  • Third Open Lien Mortgage Recording Date: Feb 12, 2020
  • Third Open Lien Mortgage Loan Amount: $163,800
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $219,600
  • Market Land Value: $43,000
  • Market Improvement Value: $176,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,920
  • Assessed Land Value: $8,600
  • Assessed Improvements Value: $35,320

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 10, 2014
  • Current Sale Recording Date: Jul 17, 2014
  • Current Sale Transaction ID: 11441427212
  • Current Sale Price: $165,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 02, 2003
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GATEWAY MORTGAGE GROUP LLC
  • First Mortgage Transaction Date: Jul 17, 2014
  • First Mortgage Loan Amount: $156,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2044

About Magnolia



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Frequently Asked Questions

What neighborhood is 702 Magnolia Lane located in?
The 702 Magnolia Lane is a located in the neighborhood of Magnolia in Magnolia, Bentonville.
What is the average sales price for listings in 702 Magnolia Lane?
The average sales price for units in 702 Magnolia Lane is $0 currently.

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