707 Central Avenue

707 Central Avenue has been categorized by the local assessors in Hot Springs National Park, AR as a commercial type of property. The building on the property was first built in 1925 and is 99 years old. The building has a total of 2 stories. The linear feet between the front and back of the lot is 890 ft and across the front of the lot is 730 ft. The area measurement of the land has been determined as 6,497 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 2 code building. This code stands for "buildings that have fireproofed reinforced concrete frames carrying all wall, floor and roof loads which are all non-combustible.". Moving on to the building itself. The condition of the building has been evaluated as average. The building has a wood truss style roof made of roll composition. The exterior walls of the building are made of unknown. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. The property was last sold in Jan 1, 1970 for $695,000. That's $56.13 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $195,000. 707 Central Avenue was last assessed in 2023. The total value of the property was assessed at $214,460. Specifically, the land the property is located on was valued at $67,890. While improvements on the property were assessed at a total of $146,570. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $8,101. 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!