NOT LISTED FOR SALE

0 Off Hoffman St Unit 1218649 Pea Ridge, AR 72751

Estimated Value: $130,000 - $572,000

4.32 Acres
$81,250 Price per Acre
188,179 Sq Ft Lot

Last Sold December 16, 2022

Last sale price $600,000

Est. 42% decrease in value since last sale

Current estimated payment $1,947/month

162 Days on Market

About This Lot

As of December 2022

This 4.32 acres in the middle of Pea Ridge is prime for an amazing multifamily development opportunity or take it in your own direction with your own vision. City planning has approved the plans for multi-family. This property was previously a horse pasture and is currently vacant land. The property was landlocked until earlier in 2021 when the city put in a connecting road at Patton st. /Hazelton Rd so it will soon become the new East/West corridor for city traffic. Rezoned to R-2 Multifamily in September of 2021 and survey and soil test completed in 2022. Property has all of the major connections (water, sewer, electric) on-site or nearby. Property owner has completed engineering and architectural plans for 6 Quad Plexes (3 bedroom, 3 bath, 1 car garage, 1300 sq. ft- see sketch renderings in pics.) or the property could fit a small neighborhood of single family residences. Pea Ridge is outgrowing its current rental market, and the opportunity for success in multifamily is extremely high.

Last Agent to Sell the Property

Jared Smith

Gibson Real Estate License #SA00081015 Listed on: 05/23/2022

Last Buyer's Agent

Barry Cooksey

RE/MAX Real Estate Results License #EB00052651

RE/MAX Real Estate Results

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,093

Lot Details

  • 4.32 Acre Lot
  • Level Lot
  • Open Lot
  • Cleared Lot

Additional Features

  • City Lot
  • Not Connected to Sewer

Community Details

  • Pea Ridge Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$1,093

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 4.32
  • Road Frontage Type: Main Thoroughfare, Public Road
  • Subdivision Name: Pea Ridge
  • Directions: Driving north on I-49 take exit 88A onto AR-72 East, in 6.5 miles turn left onto Weston St, then right onto Patton and property is on the left.
  • ResoPropertyType: Land
  • Special Features: VirtualTour

Exterior Features

  • Fencing: None
  • Lot Features: Central Business District, Cleared, City Lot, None, Open Lot, Level
  • Topography: Cleared,Level

Utilities

  • Electricity On Property: Yes
  • Sewer: Not Connected (nearby), Public Sewer
  • Utilities: Electricity Available

Schools

  • Junior High Dist: Pea Ridge

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 12.0
  • Tax Block: -
  • Tax Lot: -

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 1987
Bought by
Dryden
Current Estimated Value
$351,000

Purchase Details

Closed on
Dec 31, 1985
Bought by
Montange

Purchase Details

Closed on
Dec 30, 1985
Bought by
Flickinger

Purchase Details

Closed on
Jan 4, 1985
Bought by
F&M Bank

Purchase Details

Closed on
May 4, 1984
Bought by
Fowler
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dryden $10,000 --
Montange $8,000 --
Flickinger $49,000 --
F&M Bank -- --
Fowler -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2022 12/16/22 Sold $600,000 -7.7% --
11/02/2022 11/02/22 Pending -- -- --
09/21/2022 09/21/22 For Sale $650,000 0.0% --
07/14/2022 07/14/22 Pending -- -- --
05/23/2022 05/23/22 For Sale $650,000 -- --
Source: Northwest Arkansas Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,093 $34,560 $34,560 --
2024 $1,027 $34,560 $34,560 $0
2023 $934 $16,416 $16,416 $0
2022 $975 $16,416 $16,416 $0
2021 $12 $200 $200 $0
2020 $12 $190 $190 $0
2019 $12 $190 $190 $0
2018 $12 $190 $190 $0
2017 $10 $190 $190 $0
2016 $10 $190 $190 $0
2015 $9 $160 $160 $0
2014 $9 $160 $160 $0
Source: Public Records

Agents Affiliated with this Home

  • Jared Smith

    Seller's Agent in 2022

    Jared Smith

    Gibson Real Estate

    (479) 426-2848

    96 in this area

    387 Total Sales

    Jared Smith
    Section Image
  • Barry Cooksey

    Buyer's Agent in 2022

    Barry Cooksey

    RE/MAX

    (479) 640-0505

    6 in this area

    28 Total Sales

    Barry Cooksey
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1218649

Northwest Arkansas Board of REALTORS®

APN: 13-00259-000

Arkansas Benton County Pea Ridge 72751

0 Off Hoffman St Unit 1218649, Pea Ridge, AR

This home is located at 0 Off Hoffman St Unit 1218649, Pea Ridge, AR 72751 since 23 May 2022 and is currently estimated at $351,000. 0 Off Hoffman St Unit 1218649 is a home located in Benton County with nearby schools including Pea Ridge Primary School, Pea Ridge Intermediate School, and Pea Ridge Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Arkansas Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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