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784 Scotland Formosa Road

784 Scotland Formosa Road, Scotland, AR 72141
Property in Van Buren
Sold Feb 11, 2020
$29,000
$29,000 by First Service Bank
Mortgage Due Feb 10, 2030
784 Scotland Formosa Road has been categorized by the local assessors in Scotland, AR as a residential type of property. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 784 Scotland Formosa Road has 1,144 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 101,495 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. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 936 sqft. Residents will have the luxury of enjoying a open porch. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C- by the local assessor. The building has a gable style roof made of metal. The exterior walls of the building are made of materials we are unsure of. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing no heating system. 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, 784 Scotland Formosa Road was last sold in Feb 10, 2020 for $29,000. According to our calculations, that's $25.35 per sqft. Current property owners are expected to pay $363 in taxes per year. The property on 784 Scotland Formosa Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $7,670. To break that down further, the land itself was valued at $930. While improvements to the property were assessed at a total of $6,740. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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

  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C-
  • Construction Type: Frame
  • Exterior Walls Type: Other
  • Roof Shape Type: Gable
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 936
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 101,495
  • Total Building Area: 1,144
  • Building Area: 1,144
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: None
  • Heated Square Feet: 1,144
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 2.33
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SW SE A PT OF THE SW/4 OF THE SE/4 OF SECTION 8, T-10N, R-15W OF THE 5TH PRINCIPAL MERIDIAN, VBC ARKANSAS AND BEING MORE PART

Ownership

  • Current Owner : GARDNER DANIEL
  • Previous Owner : GARDNER RICKY

Neighborhood

  • School District Name: Clinton School District
  • School Tax School District: CLINTON
  • Census Tract: 460200

Geography

  • Parcel: 0000-09155-0000
  • Meridian: SEC 08 TWN 10 RNG 15
  • Municipality: CLINTON RURAL
  • Latitude: 35.5194
  • Longitude: -92.6054

    Address

  • Full Address: 784 Scotland Formosa Rd
  • Address - House Number: 784
  • Address - Street Name: Scotland Formosa
  • Address - Suffix Type: Rd
  • State: AR
  • City Name: Scotland
  • Carrier Code: R001
  • 4-Digit Zip Code: 8066
  • Zip Code: 72141

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $363
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.438
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 12
  • Final Value: 73,554
  • High Value: 105,772
  • Low Value: 41,335

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $29,000
  • First Open Lien Mortgage Lender: FIRST SERVICE BANK
  • First Open Lien Mortgage Recording Date: Feb 11, 2020
  • First Open Lien Mortgage Loan Amount: $29,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Feb 10, 2030

    Market Valuation

  • Market Total Value: $38,350
  • Market Land Value: $4,650
  • Market Improvement Value: $33,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,670
  • Assessed Land Value: $930
  • Assessed Improvements Value: $6,740

    Sales

  • Current Sale Contract Date: Feb 10, 2020
  • Current Sale Recording Date: Feb 11, 2020
  • Current Sale Transaction ID: 11724700206
  • Current Sale Price: $29,000
  • Current Sale Document Type: Fiduciary Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST SERVICE BANK
  • First Mortgage Transaction Date: Feb 11, 2020
  • First Mortgage Loan Amount: $29,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Feb 10, 2030

About Van Buren



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Frequently Asked Questions

What neighborhood is 784 Scotland Formosa Road located in?
The 784 Scotland Formosa Road is a located in the neighborhood of Van Buren in Van Buren, Scotland.
What is the average sales price for listings in 784 Scotland Formosa Road?
The average sales price for units in 784 Scotland Formosa Road is $0 currently.

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