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This property, located at 7 Lexington Rd in Little Rock, AR 72227, is a single-story residential home built in 1969. It is situated on a large lot measuring 12,197 square feet and features a spacious living area totaling 1,796 square feet. The home includes 2 bathrooms, a central cooling system, and a central heating system. The last sale of this property occurred on May 27, 2015 for $155,000, with an assessed value of $42,799 and a market value of $213,995.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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