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8418 Chicot Acres Road

8418 Chicot Acres Road, Mabelvale, AR 72103
Property in Saline
Sold Oct 08, 2021
$160,000
$128,000 by First Option Mortgage Llc
Mortgage Due Oct 01, 2051
Sold Nov 13, 2013
Transfer
$40,507 by Iberiabank Mortgage Co
Mortgage Due Dec 01, 2028
Local assessors in Mabelvale, AR have categorized 8418 Chicot Acres Road as a residential type of property. The home was built in 1973 and is 51 years old. The property's lot size has been calculated to be 33,306 square feet. The linear feet between the front and back of the lot was measured at 1,830 ft and the front of the lot was measured at 1,820 ft. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8418 Chicot Acres Road has a total of 1,932 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has both a open porch and a patio so you'll have great options in both the front and back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of asphalt. Lots of wood were used in the construction of the exterior walls of the home. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 8418 Chicot Acres Road sold most recently in Sep 28, 2021 for a total of $160,000. If you work out the math, that's approximately a cost of $82.82 per sqft. 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 $889 in taxes each year. 8418 Chicot Acres Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $25,679. If we break it down further, the land itself was valued at $4,080. Improvements to the property, however, were assessed at a total of $21,599. 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.

Building Features

Parking

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 33,306
  • Lot Size Depth Feet: 1,830
  • Lot Size Frontage Feet: 1,820
  • Total Building Area: 1,932
  • Building Area: 1,932
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,932
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHICOT ACRES
  • Land Acres: 0.765
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 2021-027411

Ownership

  • Current Owner : DURHAM REVA
  • Current Owner 2: DURHAM MATTHEW JAMES
  • Previous Owner : FRANCONIA REAL ESTATE SERVICES INC
  • Owner Before Previous Owner: SECRETARY OF HOUSING AND URBAN DEVELOPME
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Sheridan School District
  • School Tax School District: SHERIDAN
  • Census Tract: 010409

Geography

  • Parcel: 044-00031-000
  • Meridian: SEC 35 TWN 01S RNG 13W
  • Municipality: GRANT
  • Latitude: 34.5958
  • Longitude: -92.3739

    Address

  • Full Address: 8418 Chicot Acres
  • Address - House Number: 8418
  • Address - Street Name: Chicot Acres
  • State: AR
  • City Name: Mabelvale
  • Carrier Code: R002
  • 4-Digit Zip Code: 4674
  • Zip Code: 72103

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $889
  • Tax Rate Code Area: 370

    Appraisal Valuation

  • Standard Deviation: 0.2611
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 168,385
  • High Value: 212,356
  • Low Value: 124,414

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $128,000
  • First Open Lien Mortgage Lender: FIRST OPTION MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 08, 2021
  • First Open Lien Mortgage Loan Amount: $128,000
  • 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: Oct 01, 2051

    Market Valuation

  • Market Total Value: $128,395
  • Market Land Value: $20,400
  • Market Improvement Value: $107,995

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,679
  • Assessed Land Value: $4,080
  • Assessed Improvements Value: $21,599

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 28, 2021
  • Current Sale Recording Date: Oct 08, 2021
  • Current Sale Transaction ID: 11859410288
  • Current Sale Price: $160,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2021-027411
  • Previous Sale Recording Date: Nov 13, 2013
  • Previous Sale Contract Date: Nov 07, 2013
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST OPTION MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 08, 2021
  • First Mortgage Loan Amount: $128,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: IBERIABANK MORTGAGE CO
  • Previous Mortgage Transaction Date: Nov 13, 2013
  • Previous Mortgage Loan Amount: $40,507
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Dec 01, 2028

About Saline



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Frequently Asked Questions

What neighborhood is 8418 Chicot Acres Road located in?
The 8418 Chicot Acres Road is a located in the neighborhood of Saline in Saline, Mabelvale.
What is the average sales price for listings in 8418 Chicot Acres Road?
The average sales price for units in 8418 Chicot Acres Road is $0 currently.

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