$695,000
$695,000
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231 Ledgerock102 Hot Springs National Park, AR 71913
3 Beds
3.5 Baths
2,152 SqFt
Key Details
Sold Price $695,000
Property Type Condo
Sub Type Condo/Townhse/Duplex/Apt
Listing Status Sold
Purchase Type For Sale
Square Footage 2,152 sqft
Price per Sqft $322
Subdivision River Bluff
MLS Listing ID 22031261
Sold Date 10/29/22
Style Contemporary
Bedrooms 3
Full Baths 3
Half Baths 1
Condo Fees $350
HOA Fees $350
Year Built 2022
Property Description
LAST ONE AT THIS PRICE Stunning design includes 9’ ceilings… (2) wet bars…multi-level decks, double carport and versatile floor plan! To show, please text your name with date & showing time to 501-617-4151 Weekend showings allow 24 hour notice. These townhouses do not fall under the City of Hot Springs 500 unit limit, this is a planned development designed for nightly rentals. However, a license will be required. Zoned heat and air systems, two washer/dryer facilities for fast turnover. As the income increases on the previously sold units, so will the value. At this point the best comparable is the January sale at 223 Ledgerock Road which is right beside this property. The house is 60 years old and has 7’ low ceilings. It’s sold for 1,050,000 which is over $450 per sq. ft. The 2021 income was $150,000. Currently the first full month’s income from the first sale - $20,000. Expectations are that these units will do over $120,000 annually.
Location
State AR
County Garland
Area Hot Springs School District
Rooms
Other Rooms Laundry, Basement
Basement Finished
Dining Room Kitchen/Dining Combo, Living/Dining Combo
Kitchen Microwave, Dishwasher, Disposal, Refrigerator-Stays
Interior
Interior Features Wet Bar, Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Walk-In Closet(s), Walk-in Shower, Breakfast Bar, Wireless Access Point
Heating Central Cool-Electric, Central Heat-Electric
Flooring Luxury Vinyl, Other (see remarks)
Fireplaces Type Outdoor Fireplace
Equipment Microwave, Dishwasher, Disposal, Refrigerator-Stays
Exterior
Exterior Feature Frame, Other (see remarks), Composition
Garage Carport, Two Car, Assigned
Utilities Available Water-Public, Elec-Municipal (+Entergy), All Underground, Community Sewer
Waterfront Description Dock - Swimming,Ski Lake
Roof Type Architectural Shingle
Building
Lot Description Sloped, Level, In Subdivision, Lake View, Lake Front
Story Tri-Level
Foundation Slab
New Construction Yes
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Bought with The Goff Group Real Estate Company