1 month on rocket

Sale Pending

119 Oak St, Hot Springs, AR, 71901

$2,475,000

Home List Price

$10,000*

Closing Credit

0 Baths
50,438 SqFt
$49/SqFt
Condo

Location

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119 Oak St, Hot Springs$2,475,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingParking Pads
Year Built1925
HeatingCentral, Gas
CoolingCentral Air
MLS #24026709
Lot Size1.15 Acres
StatusSale Pending
(Under Contract)

About 119 Oak St

Built in 1925, the former Hot Springs High School annex building is part of Hot Springs' history. Famous for being the school attended by former President Bill Clinton, the building has been converted into 38 loft-style apartments, offering a variety of charming, well-designed units consisting of four 2BR/1BA units, four 1BR/1BA units and thirty loft-style units. Currently 37 of the 38 units are occupied, providing immediate rental income, while one unit is undergoing repairs and will soon be ready for a new tenant. A portion of the old gymnasium has been transformed into apartments, with ample space to add up to 8 smaller apartments or 4 larger apartments. Alternatively, the gym could be repurposed as a recreation area for tenants. The building features a shared on-site laundry facility and a fire suppression system for added safety. The building is commercially zoned and given its prime location near downtown Hot Springs, these apartments would also make excellent short-term rentals. The property offers on-site parking, supplemented by an additional parking lot across the street which is included in the sale. Historic tax credits may be available for improvements.

Property Details

Property Features

Property Information:

  • Architectural Style: Other (see remarks)
  • Year Built: 1925
  • Stories: 3
  • Living Area: 50,438 SqFt

Listing Office:

  • Office Name: ESQ. Realty Group - Hot Springs
  • Listing Agent: Beau Durbin

Interior Features

Interior Information:

  • Appliances: Stove, Electric Range
  • Flooring Type: Tile, Wood

Exterior Features

Parking Information:

  • Parking: Parking Pads

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 1.15 Acres

Utilities

Utilities Information:

  • Heating: Central, Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Grand Ave., turn on Oak St. to property on right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,475,000
  • Price Per SqFt: $49/SqFt

Tax Information:

  • Annual Amount: $11,424
  • Tax Year: 2021
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Housing Market Comparison

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

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Hot Springs, AR

City

Med. Sold Price

$170.5K

Med. Price/SqFt

$131

# of Sold Homes

41

119 Oak St vs Hot Springs

43 DAYS ON ROCKET

$2,475,000

+$2.3M More

$49/SqFt

-$82 Less

KEY TAKEAWAY

This property is $2.3M more than the Median Sold Price and $82/SqFt less than other homes in Hot Springs, AR.

Based on homes sold in August 2024

MLS Details

MLS Information:

  • MLS Number: #24026709

Listing Office:

  • Office Name: ESQ. Realty Group - Hot Springs
  • Listing Agent: Beau Durbin

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The 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 data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. 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: 9/7/2024, 7:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 15, 2012Home Sold
$305,700

Tax History

YEARPROP. TAXASSESSMENT
2021$11,424$249,970

History based on county public records data.

Payment Calculator

$12.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,487

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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-1080095
3
/10

  • Langston Magnet School

  • 120 Chestnut St

  • 0.67 miles

  • Public Magnet Grades PK-4

school-card-donut-1080096
3
/10

  • Oaklawn Magnet School

  • 301 Oaklawn St

  • 1.64 miles

  • Public Magnet Grades PK-4

school-card-donut-1080097
7
/10

  • Park Magnet School

  • 617 Main St

  • 1.75 miles

  • Public Magnet Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,496. The most common annual income of people living in Hot Springs, AR is less than $35k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Living In Hot Springs, AR

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Hot Springs, AR?

Hot Springs offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles vary, with a mix of historic homes that reflect the city's rich past and more contemporary designs for modern living. The housing market is dynamic, with a homeownership rate that reflects a healthy balance between owners and renters within the community.

Is Hot Springs, AR a good place to live?

Hot Springs is celebrated for its unique blend of natural beauty and historical significance. The community prides itself on its namesake hot springs and the historic Bathhouse Row, which together create a distinctive atmosphere. The city's character is further enriched by its art galleries, music festivals, and the famous Hot Springs National Park, offering residents a serene yet culturally vibrant lifestyle.

Are things conveniently located in Hot Springs, AR?

The community is served by a range of essential services, including public schools that cater to students from kindergarten through high school, as well as private educational options. Healthcare is accessible through local clinics and a hospital equipped to provide a variety of medical services. Retail and dining establishments are plentiful, offering both local and international cuisine, and the city is proactive in adapting its services to meet the evolving needs of its residents.

What does the transportation in Hot Springs, AR look like?

Transportation in Hot Springs includes a network of roads that connect residents to key areas within the city and beyond. Public transit options are available, providing residents with alternatives to private vehicle use. The city's layout also supports a degree of walkability, particularly in the downtown area, where residents and visitors can enjoy easy access to shops, restaurants, and entertainment. While specific ride-sharing services are operational, the community's transport infrastructure continues to evolve to enhance connectivity and convenience.

Frequently Asked Questions About 119 Oak St

What is the listing price of this property?

The listing price of 119 Oak St property is $2,475,000.

What type of property is this?

The property 119 Oak St is a condo located in Hot Springs, Arkansas, 71901.

Is this property for sale now?

Sale Pending: 119 Oak St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $11,424 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 15, 2012 for $305,700. (source: MLS/tax record).

What is the square footage of this property?

The property 119 Oak St is 50,438 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 119 Oak St is 1925.

Rocket Homes›Arkansas›Garland County›Hot Springs›71901›119 Oak St

This home is located at 119 Oak St in Hot Springs, AR and zip code 71901. This 50,438 square foot home, which was built in 1925, sits on a 1.15 acre lot. It has been listed on Rocket Homes since July 26, 2024 and is currently priced at $2,475,000.

In August 2024, from all listings sold in Hot Springs, AR there were more than 4 sold above asking price, over 26 sold below and more than 6 were sold right at the asked price. Between July 2024 and August 2024, Hot Springs, AR real estate market has seen increase in the number of listings by 13.4%.

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

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