Excellent turnkey investment opportunity! Two houses, sold together, less than 10 minutes from the University of Arkansas and heart of town and just a short walk to the Centennial Park, the newest trail system in NWA! Each fully furnished house has 3 bedrooms, 2 baths and a 2 car garage. Perfect for short term rentals, both houses have existing nightly rental licenses with the city of Fayetteville that will transfer upon closing. Well maintained, easy maintenance finishes, beautifully furnished - move in ready!
Property Details
Property Features
Property Information:
Year Built: 2009
Stories: 1
Living Area: 3,138 SqFt
Listing Office:
Office Name: Prime Real Estate and Development
Office Phone: (479) 571-1515
Interior Features
Interior Information:
Appliances: Dishwasher, Gas Water Heater, Microwave
Directions: From I49, take Exit 62 towards Farmington/U of A. Turn right onto W Old Farmington Road (between the hotels). Continue down & turn right onto W Scottswood Place and make an immediate right. Both houses on right side.
Price Information
Listing Price Info
Price Summary:
List Price: $615,000
Price Per SqFt: $196/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Fayetteville, AR.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,137
Per Month
Principal & Interest
$3,070
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,910
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Owl Creek Elementary School
375 N Rupple Rd
Distance between this listing and this school1.35 miles
Public District Grades PK-4
8
/10
Jerry Pop Williams Elementary School
322 Broyles St
Distance between this listing and this school1.83 miles
Public District Grades KG-3
7
/10
Leverett Elementary School
1124 W Cleveland St
Distance between this listing and this school1.94 miles
Public District Grades PK-4
Nearby Schools
5
/10
Ramay Junior High School
401 S Sang Ave
Distance between this listing and this school0.69 miles
Public District Grades 7-8
8
/10
Woodland Junior High School
1 E Poplar St
Distance between this listing and this school3.35 miles
Public District Grades 7-8
6
/10
Greenland Middle School
55 N Sandy Ave
Distance between this listing and this school4.42 miles
Public District Grades 5-8
Nearby Schools
2
/10
Agee Lierly Life Preparation Services School
2350 W Old Farmington Rd
Distance between this listing and this school0.51 miles
Public District Grades 9-12
5
/10
Fayetteville High School
1001 W Bulldog Blvd
Distance between this listing and this school1.53 miles
Public District Grades 9-12
6
/10
Farmington Jr. High School
278 W Main St
Distance between this listing and this school3.03 miles
The neighbors living near this home have an average income of $41,995. Residents of Fayetteville, AR typically earn between $35k-100k each year. 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
Frequently Asked Questions About 2916 Old Farmington Rd
What is the listing price of this property?
The listing price of 2916 Old Farmington Rd property is $615,000.
What type of property is this?
The property 2916 Old Farmington Rd is a house located in Fayetteville, Arkansas, 72704.
Is this property for sale now?
Active Listing: 2916 Old Farmington Rd is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 2916 Old Farmington Rd has 3 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 2916 Old Farmington Rd is 3,138 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 2916 Old Farmington Rd is 2009.
This home is located at 2916 Old Farmington Rd in Fayetteville, AR and zip code 72704 in the West 62 neighborhood. This 3,138 square foot home, which was built in 2009, sits on a 0.15 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $615,000.
In October 2024 more than 12 listings in Fayetteville, AR were sold above the asking price. During the same period more than 30 listings were sold at asking price, while more than 65 were sold below. The number of homes for sale in Fayetteville, AR decreased by 1.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $379,751, while the average time on the real estate market was 85 days.
From Rocket Homes Real Estate and based on county public records data.