3 months on rocket

115 E University St, Siloam Springs, AR, 72761

$825,000

Home List Price

$9,797*

Closing Credit

0 Baths
7,500 SqFt
$110/SqFt
Multi

Location

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115 E University St, Siloam Springs$825,000

Buyer Closing Credits

$9,797*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingParking Lot, Asphalt
Year Built1902
HeatingElectric, Heat Pump
CoolingElectric
BasementYes
MLS #1283159
Lot Size0.14 Acres
StatusActive

About 115 E University St

Nationally registered historic Connelly Herrington building. Originally built as a single family residence by one on the wealthiest people in Arkansas. One of the most desirable corners in all of Siloam Springs. It sits on the hill overlooking the fully revitalized vibrant downtown area. Across from Park House, Creek Side, Fratellis, Broadway Cafe and so much more. Three parks within a 1/4 mile, Sager Creek and Sager Creek trail right outside the door. This home originally used as a single family res, then Siloam Springs Hospital, Chamber of Commerce, and the headquarters of DRC Developments. DRC was owned by Ron and Christina Drake, with the help of Gaylen Spresser they spearheaded the revitalization of downtown Siloam and were the force that made it happen. This building had a fire around 2012 that damaged part of the upstairs and the water damaged a lot of the rest of the building. At that time HVAC, cabinets, walls, electrical, plumbing was all updated. 3 ex offices, 5 apt also Multi fam 1234102 and Res 1283160

Property Details

Property Features

Property Information:

  • Year Built: 1902
  • Stories: 3
  • Living Area: 7,500 SqFt

Listing Office:

  • Office Name: HomeQuest Realty
  • Office Phone: (479) 250-3105

Interior Features

Interior Information:

  • Appliances: Electric Water Heater
  • Basement: Yes
  • Flooring Type: Wood
  • Interior: None

Exterior Features

Parking Information:

  • Parking: Parking Lot, Asphalt

Lot Features

Lot Information:

  • Lot: Cleared, Corner Lot, Level, Open Lot, Views
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Electric, Heat Pump
  • Cooling: Electric

Other

Directions Information:

  • Directions: Northwest corner of University and Broadway in downtown Siloam Springs

Price Information

Listing Price Info

Price Summary:

  • List Price: $825,000
  • Price Per SqFt: $110/SqFt

Tax Information:

  • Annual Amount: $4,651
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Siloam Springs, AR.

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Siloam Springs, AR

City

Med. Sold Price

$254.5K

Med. Price/SqFt

$168

Avg. Days On Market

115

# of Sold Homes

37

115 E University St vs Siloam Springs

111 DAYS ON ROCKET

-4 Days

$825,000

+$570.4K More

$110/SqFt

-$59 Less

KEY TAKEAWAY

This property is $570.4K more than the Median Sold Price and $59/SqFt less than other homes in Siloam Springs, AR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ARKMLS
  • MLS Number: #1283159

Listing Office:

  • Office Name: HomeQuest Realty
  • Office Phone: (479) 250-3105

Broker Reciprocity Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 9:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 06, 2007Home Sold
$200,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,651$80,740
2019$4,650$80,740
2018$4,651$80,740
2017$4,651$80,740

History based on county public records data.

Payment Calculator

$4,185

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,540

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-856140
4
/10

  • Southside Elementary School

  • 200 W Tulsa St

  • 0.66 miles

  • Public District Grades 3-4

school-card-donut-856141
6
/10

  • Gentry Intermediate School

  • 302 W 2nd St

  • 6.22 miles

  • Public District Grades 3-5

school-card-donut-856142
5
/10

  • Decatur Northside Elementary School

  • 9083 Mount Olive Rd

  • 12.23 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,215. Typical income of Siloam Springs, AR residents is less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Arkansas›Benton County›Siloam Springs›72761›115 E University St

This home is located at 115 E University St in Siloam Springs, AR and zip code 72761. This 7,500 square foot home, which was built in 1902, sits on a 0.14 acre lot. It has been listed on Rocket Homes since August 04, 2024 and is currently priced at $825,000.

In October 2024, from all listings sold in Siloam Springs, AR there were more than 5 sold above asking price, over 18 sold below and more than 14 were sold right at the asked price. The number of listings in Siloam Springs, AR increased by 8% between September 2024 and October 2024. While the average time on the market in October 2024 was 115 days, the median list price was $254,550.

From Rocket Homes Real Estate and based on county public records data.

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