NOT LISTED FOR SALE

420 Rheas Mill Rd Farmington, AR 72730

Estimated Value: $328,000 - $364,000

3 Beds
1.5 Baths
1,774 Sq Ft
$199/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $250,000 $141 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,157/month

Highlights

  • 0.74 Acre Lot
  • 2 Car Attached Garage
  • Ceramic Tile Flooring
  • Jerry Pop Williams Elementary School Rated A-
  • Patio
  • Central Heating and Cooling System

About This Home

As of September 2023

Great location in the center of Farmington! 0.74 acre with a 1,774 sq. ft. house. There is a very nice 20x30 shop with window heat & air. Great workshop, very clean condition. Walk to Lynch School. Shop has separate address and electric, but no water. Very large utility room. Move-in ready.

Last Listed By

Keith Marrs

Legend Realty Inc License #PB00052249 Listed on: 08/11/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,694

Year Built

  • Built in 1980

Lot Details

  • 0.74 Acre Lot
  • Back Yard Fenced
  • Level Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Architectural Shingle Roof
  • Masonite

Interior Spaces

  • 1,774 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Patio

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • Farmington Outlots Subdivision

Listing and Financial Details

  • Tax Lot 55

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,694

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.74
  • Lot Size: 0.74 AC
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Subdivision Name: Farmington Outlots
  • Directions: I-49 Exit 62, west on Hwy 62 to Double Springs Rd, turn north to 4-way stop, turn west on Rheas Mill Rd appx 3/4 mile. Property on north side of road
  • Garage Yn: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: House
  • Year Built: 1980
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Electric Range, Gas Water Heater, Microwave
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 1774.0
  • Window Features: Blinds
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: Back Yard
  • Lot Features: Level, None
  • Waterfront Features: None
  • Construction Type: Brick, Masonite
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab
  • Other Structures: None
  • Patio And Porch Features: Patio
  • Roof: Architectural, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Parking Features: Attached, Garage, Asphalt, Garage Door Opener

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Septic Available, Water Available
  • Water Source: Public

Schools

  • Junior High Dist: Farmington

Lot Info

  • Zoning Description: Residential
  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1694.0
  • Tax Block: 0
  • Tax Lot: 55

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2023
Closed on
Nov 14, 2023
Sold by
Reinoso Penelope G
Bought by
Day Ronald K and Reinoso Penelope G
Seller's Agent
Keith Marrs
Legend Realty Inc
Buyer's Agent
Nwa Real Estate Hub
Keller Williams Market Pro Realty
List Price
$329,900
Sold Price
$250,000
Premium/Discount to List
-$79,900
-24.22%
Total Days on Market
0
Views
10
Current Estimated Value
$352,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,631
Avg. Annual Appreciation
23.73%
Original Mortgage
$200,000
Outstanding Balance
$197,306
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$152,691

Purchase Details

Listed on
Aug 11, 2023
Closed on
Oct 3, 2023
Sold by
Petersen Michael
Bought by
Reinoso Penelope G
Seller's Agent
Keith Marrs
Legend Realty Inc
Buyer's Agent
Nwa Real Estate Hub
Keller Williams Market Pro Realty
List Price
$329,900
Sold Price
$250,000
Premium/Discount to List
-$79,900
-24.22%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$197,306
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$152,691

Purchase Details

Closed on
Apr 28, 2004
Sold by
Flynt Floyd W and Flynt Frances A
Bought by
Petersen Michael and Petersen Mary Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,800
Interest Rate
5.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 1994
Bought by
Flynt Floyd W and Flynt Frances A

Purchase Details

Closed on
Feb 7, 1994
Bought by
Tate L D

Purchase Details

Closed on
Jan 1, 1994
Bought by
Tate Tate L and Tate D

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Day Ronald K -- None Listed On Document
Reinoso Penelope G $250,000 Waco Title
Petersen Michael $124,000 Lenders
Flynt Floyd W -- --
Tate L D -- --
Tate Tate L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reinoso Penelope G $200,000
Previous Owner Peterson Michael $74,500
Previous Owner Peterson Michael W $15,000
Previous Owner Petersen Michael $10,000
Previous Owner Petersen Michael $98,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $250,000 -24.2% $141 / Sq Ft
08/11/2023 08/11/23 Pending -- -- --
08/11/2023 08/11/23 For Sale $329,900 -- $186 / Sq Ft
Source: Northwest Arkansas Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,263 $53,760 $11,200 $42,560
2023 $1,328 $53,760 $11,200 $42,560
2022 $1,319 $40,040 $8,000 $32,040
2021 $1,329 $40,040 $8,000 $32,040
2020 $1,329 $40,040 $8,000 $32,040
2019 $1,099 $27,250 $5,000 $22,250
2018 $1,124 $27,250 $5,000 $22,250
2017 $1,063 $26,370 $5,000 $21,370
2016 $1,063 $26,370 $5,000 $21,370
2015 $1,063 $26,370 $5,000 $21,370
2014 $1,123 $27,490 $5,000 $22,490
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Keith Marrs

    Legend Realty Inc

    (479) 466-6998

    71 in this area

    238 Total Sales

    Keith Marrs
    Section Image

  • N

    Buyer's Agent in 2023

    Nwa Real Estate Hub

    Keller Williams Market Pro Realty

    (479) 718-2800

    7 in this area

    224 Total Sales

    Nwa Real Estate Hub
    Section Image
See All Agents

Map

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Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1253622

Northwest Arkansas Board of REALTORS®

APN: 760-01864-000

Arkansas Washington County Farmington 72730

420 Rheas Mill Rd, Farmington, AR

Homes for Sale in Farmington, AR

This home is located at 420 Rheas Mill Rd, Farmington, AR 72730 since 11 August 2023 and is currently estimated at $352,631, approximately $198 per square foot. This property was built in 1980. 420 Rheas Mill Rd is a home located in Washington County with nearby schools including Randall G. Lynch Middle School, Jerry Pop Williams Elementary School, and Farmington Jr. High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Arkansas Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.