3 months on rocket

201 Parallel St, Hot Springs, AR, 71901

$575,000

Home List Price

$6,828*

Closing Credit

0 Baths
3,832 SqFt
$150/SqFt
Multi

Location

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201 Parallel St, Hot Springs$575,000

Buyer Closing Credits

$6,828*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingParking Pads
Year Built1920
HeatingCentral, Gas
CoolingCentral Air
FireplaceWoodburning Fireplace
MLS #24031804
Lot Size0.17 Acres
StatusActive

About 201 Parallel St

Two large duplexes just north of downtown Hot Springs! Four separate units in total, each with two bedrooms and one bathroom. All four units are permitted as short term rentals with the City of Hot Springs; however, two of the units are currently rented on a month-to-month basis at $1,300/mo. each. The units are being sold fully furnished, which makes this a turnkey rental property. The property has great rental history and is very popular with guests due to its location near the bike trails and downtown Hot Springs. Lots of historic charm as well!

Property Details

Property Features

Property Information:

  • Architectural Style: Townhouse
  • Year Built: 1920
  • Stories: 2
  • Living Area: 3,832 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Stove, Microwave, Gas Range, Electric Range, Dishwasher
  • Flooring Type: Vinyl
  • Interior: Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Hot Water Heater-Gas, Hot Water Heater-Electric, Smoke Detector, Built Ins, Fan - Ceiling, Fireplace - Woodburning, Security System, Furnished
  • Fireplace: Woodburning Fireplace

Exterior Features

Exterior Information:

  • Exterior: Partially Fenced, Covered, Porch

Parking Information:

  • Parking: Parking Pads

Lot Features

Lot Information:

  • Lot: Level, Cleared, Subdivision
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Central, Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Central Ave., turn on Pullman Ave, right on Parallel St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $575,000
  • Price Per SqFt: $150/SqFt
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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

$216K

Med. Price/SqFt

$133

# of Sold Homes

49

201 Parallel St vs Hot Springs

96 DAYS ON ROCKET

$575,000

+$359K More

$150/SqFt

+$16 More

KEY TAKEAWAY

This property is $359K more than the Median Sold Price and $16/SqFt more than other homes in Hot Springs, AR.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #24031804

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: 12/4/2024, 4:20:46 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,937

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,790

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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-3826495
4
/10

  • Langston Elementary Leadership Academy

  • 120 Chestnut St

  • 1.87 miles

  • Public Magnet Grades PK-6

school-card-donut-3826496
7
/10

  • Park Magnet IB World School

  • 617 Main St

  • 3.27 miles

  • Public Magnet Grades PK-6

school-card-donut-3826497
4
/10

  • Oaklawn STEM Magnet School

  • 301 Oaklawn St

  • 3.39 miles

  • Public Magnet Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,125. Typical income of Hot Springs, AR residents is between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree 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.

Rocket Homes›Arkansas›Garland County›Hot Springs›71901›201 Parallel St

This home is located at 201 Parallel St in Hot Springs, AR and zip code 71901. This 3,832 square foot home, which was built in 1920, sits on a 0.17 acre lot. It has been listed on Rocket Homes since August 30, 2024 and is currently priced at $575,000.

Hot Springs, AR housing market in November 2024 saw over 8 listings sold above listed price, more than 12 sold at listed price and over 24 sold below. In November 2024 in Hot Springs, AR there were 1.5% more homes for sale than in October 2024.

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

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