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81 Lakeland Drive

81 Lakeland Drive, Cabot, AR 72023
Land in Lonoke
Sold Nov 30, 2020
$270,000
$265,109 by Arvest Bank
Mortgage Due Dec 01, 2050
Sold Jan 11, 2005
$29,000
Buyer
81 Lakeland Drive in Cabot, AR was first built in 2020 and is 4 years old. 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 3 partial bathrooms. 81 Lakeland Drive has 2,081 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 13,980 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable or hip style roof made of shingle (not wood). For those who need parking, there is a attached garage. The garage is 483 sqft. 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. 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, 81 Lakeland Drive sold most recently in Nov 20, 2020 for a total of $270,000. If you work out the math, that's approximately a cost of $129.75 per sqft. Before that, the property was also sold for $29,000 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 $1,822 in taxes each year. 81 Lakeland Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $44,150. If we break it down further, the land itself was valued at $5,000. Improvements to the property, however, were assessed at a total of $39,150. 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. 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.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.

Building Features

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: C+
  • Construction Type: Masonry
  • Exterior Walls Type: Masonry
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Attached
  • Garage Square Area: 483
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 13,980
  • Total Building Area: 2,081
  • Building Area: 2,081
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,081
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MAGNESS CREEK NORTH
  • Land Acres: 0.32
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : FINKLEA ASHLEY
  • Current Owner 2: FINKLEA CHAD
  • Previous Owner : IRSCH NATHAN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cabot Public Schools
  • School Tax School District: CABOT
  • School Tax District Code 2: CABOT
  • Census Tract: 020105

Geography

  • Parcel: 721-37642-000
  • Lot: 642
  • Meridian: SEC 27 TWN 05N RNG 10
  • Municipality: CABOT
  • Latitude: 35.0359
  • Longitude: -92.0591

    Address

  • Full Address: 81 Lakeland Dr
  • Address - House Number: 81
  • Address - Street Name: Lakeland
  • Address - Suffix Type: Dr
  • State: AR
  • City Name: Cabot
  • Carrier Code: R004
  • 4-Digit Zip Code: 7852
  • Zip Code: 72023

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,822
  • Tax Rate Code Area: 4 CB

    Appraisal Valuation

  • Standard Deviation: 0.1929
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 311,407
  • High Value: 371,494
  • Low Value: 251,321

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $315,109
  • First Open Lien Mortgage Lender: ARVEST BANK
  • First Open Lien Mortgage Recording Date: Nov 30, 2020
  • First Open Lien Mortgage Loan Amount: $265,109
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2050
  • Second Open Lien Mortgage Lender: ARKANSAS FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Jun 06, 2023
  • Second Open Lien Mortgage Loan Amount: $50,000
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: May 26, 2033

    Market Valuation

  • Market Total Value: $220,750
  • Market Land Value: $25,000
  • Market Improvement Value: $195,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,150
  • Assessed Land Value: $5,000
  • Assessed Improvements Value: $39,150

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 20, 2020
  • Current Sale Recording Date: Nov 30, 2020
  • Current Sale Transaction ID: 11807234856
  • Current Sale Price: $270,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020-13800
  • Previous Sale Recording Date: Jan 11, 2005
  • Previous Sale Amount: $29,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ARVEST BANK
  • First Mortgage Transaction Date: Nov 30, 2020
  • First Mortgage Loan Amount: $265,109
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2050

About Cabot



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Frequently Asked Questions

What neighborhood is 81 Lakeland Drive located in?
The 81 Lakeland Drive is a land located in the neighborhood of Lonoke in Cabot, Cabot.
What is the average sales price for listings in 81 Lakeland Drive?
The average sales price for units in 81 Lakeland Drive is $0 currently.

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