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3117 Palamino Drive

3117 Palamino Drive, Benton, AR 72015
Property in Saline
Sold Nov 04, 2022
$350,000
$315,000 by Arkansas Federal Credit Union
Mortgage Due Nov 01, 2052
Sold Jan 11, 2021
$304,900
$289,655 by Arvest Bank
Mortgage Due Jan 01, 2051
3117 Palamino Drive in Benton, AR was first built in 2014 and is 10 years old. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 3117 Palamino Drive has 2,552 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 850 ft and the linear feet between the front and back of the lot is 1,290. In total, the area measurement of the land is 10,965 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a hip style roof made of fiberglass. For those who need parking, there is a attached garage. The garage is 563 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C+. The exterior walls of the home are made of brick veneer. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 3117 Palamino Drive was last sold in Nov 1, 2022 for $350,000. According to our calculations, that's $137.15 per sqft. Prior to that sales transaction, the property was sold for $304,900 in Oct 31, 2020. Current property owners are expected to pay $3,556 in taxes per year. The property on 3117 Palamino Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $64,698. To break that down further, the land itself was valued at $10,600. While improvements to the property were assessed at a total of $54,098. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C+
  • Construction Type: Masonry
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Hip
  • Roof Cover Type: Fiberglass
  • Floor Count: 1
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Attached
  • Garage Square Area: 563
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 10,965
  • Lot Size Depth Feet: 1,290
  • Lot Size Frontage Feet: 850
  • Total Building Area: 2,552
  • Building Area: 2,552
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,552
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HICKORY HEIGHTS PH 2
  • Land Acres: 0.252
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 2022-025525

Ownership

  • Current Owner : KENNEDY RICARDO
  • Previous Owner : HORNUNG MATTHEW T
  • Previous Owner 2: HORNUNG MARKAYLA B
  • Owner Before Previous Owner: CEDERBERG JESSIE ANNE
  • Owner Before Previous Owner 2: CEDERBERG MARK RUSSELL
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Bryant Public Schools
  • School Tax School District: BRYANT
  • School Tax District Code 2: BENTON
  • Census Tract: 010104

Geography

  • Parcel: 800-29887-075
  • Lot: 75
  • Meridian: SEC 31 TWN 01S RNG 14W
  • Municipality: BRYANT BENTON
  • Latitude: 34.5912
  • Longitude: -92.5434

    Address

  • Full Address: 3117 Palamino Dr
  • Address - House Number: 3117
  • Address - Street Name: Palamino
  • Address - Suffix Type: Dr
  • State: AR
  • City Name: Benton
  • Carrier Code: R020
  • 4-Digit Zip Code: 5071
  • Zip Code: 72015

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,556
  • Tax Rate Code Area: 252

    Appraisal Valuation

  • Standard Deviation: 0.2019
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 72
  • Final Value: 377,074
  • High Value: 453,229
  • Low Value: 300,920

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $315,000
  • First Open Lien Mortgage Lender: ARKANSAS FEDERAL CREDIT UNION
  • First Open Lien Mortgage Recording Date: Nov 04, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $315,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2052

    Market Valuation

  • Market Total Value: $323,490
  • Market Land Value: $53,000
  • Market Improvement Value: $270,490

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $64,698
  • Assessed Land Value: $10,600
  • Assessed Improvements Value: $54,098

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 01, 2022
  • Current Sale Recording Date: Nov 04, 2022
  • Current Sale Transaction ID: 11898545950
  • Current Sale Price: $350,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 25525
  • Previous Sale Recording Date: Jan 11, 2021
  • Previous Sale Contract Date: Oct 31, 2020
  • Previous Sale Amount: $304,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ARKANSAS FEDERAL CREDIT UNION
  • First Mortgage Transaction Date: Nov 04, 2022
  • First Mortgage Loan Amount: $315,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: ARVEST BANK
  • Previous Mortgage Transaction Date: Jan 11, 2021
  • Previous Mortgage Loan Amount: $289,655
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2051

About Benton



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Frequently Asked Questions

What neighborhood is 3117 Palamino Drive located in?
The 3117 Palamino Drive is a located in the neighborhood of Saline in Benton, Benton.
What is the average sales price for listings in 3117 Palamino Drive?
The average sales price for units in 3117 Palamino Drive is $0 currently.

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