NOT LISTED FOR SALE

1206 1st Ave SE Gravette, AR 72736

Estimated Value: $139,335

1.24 Acres
$112,367 Price per Acre
54,014 Sq Ft Lot

Last Sold March 15, 2024

Last sale price $98,000

Est. 42% increase in value since last sale

Current estimated payment $815/month

79 Days on Market

Highlights

  • 1.24 Acre Lot
  • Gravette Middle School Rated A-
  • Level Lot

About This Lot

As of March 2024

Prime development opportunity and the seller is motivated! The secret is out, and Gravette Arkansas is a place to look for opportunities to capitalize on the current and future growth of Northwest Arkansas. Highway frontage is approximately 150' MOL +/- and ARDOT has the daily traffic count nearing 10,000!

Last Agent to Sell the Property

Dallas LaCaze

Realty Mart License #AB00067008 Listed on: 10/26/2023

Last Buyer's Agent

Denise Contreras-Serrano

DC Real Estate License #AB00080926

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $774

Lot Details

  • 1.24 Acre Lot
  • Property fronts a highway
  • Level Lot

Property Details

Property Type

Land

Est. Annual Taxes

$774

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 1.24
  • Road Frontage Type: Highway, Main Thoroughfare
  • Subdivision Name: N/A
  • Directions: Hwy 72 W into Gravette. Left on Hwy 59 S . Property on the Left
  • ResoPropertyType: Land
  • Property Sub Type Additional: Unimproved Land
  • Special Features: VirtualTour

Exterior Features

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

Utilities

  • Utilities: Electricity Available
  • Water Source: Public, Other, See Remarks

Condo/Co-op/Association

  • Community Features: Sidewalks

Schools

  • Junior High Dist: Gravette

Lot Info

  • Additional Parcels Description: 11-00162-002
  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 774.0
  • Tax Block: 0
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2023
Closed on
Mar 18, 2024
Sold by
Watts Nelson
Bought by
Pacheco Manuel Morales
Seller's Agent
Dallas LaCaze
Realty Mart
Buyer's Agent
Denise Contreras-Serrano
DC Real Estate
List Price
$175,000
Sold Price
$98,000
Premium/Discount to List
-$77,000
-44%
Views
93
Current Estimated Value
$139,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,335
Avg. Annual Appreciation
27.05%

Purchase Details

Listed on
Dec 21, 2020
Closed on
Jun 28, 2021
Sold by
Pinnacle Emergency Vehicles Llc
Bought by
Watts Nelson
Seller's Agent
Salmonsen Group
Keller Williams Market Pro Realty Bentonville West
Buyer's Agent
Signature Property Group
Smith & Associates Real Estate Services-Bentonvill
List Price
$105,000
Sold Price
$95,000
Premium/Discount to List
-$10,000
-9.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.15%
Original Mortgage
$61,750
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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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
Pacheco Manuel Morales $98,000 Waco Title
Watts Nelson $95,000 Citytitle & Closing Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Watts Nelson $61,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $98,000 -6.2% --
01/14/2024 01/14/24 Pending -- -- --
01/10/2024 01/10/24 Price Changed $104,500 -0.5% --
12/28/2023 12/28/23 Price Changed $105,000 -12.5% --
12/14/2023 12/14/23 Price Changed $120,000 -11.1% --
12/08/2023 12/08/23 Price Changed $135,000 +8.0% --
12/08/2023 12/08/23 Price Changed $125,000 -16.7% --
11/10/2023 11/10/23 Price Changed $150,000 -14.3% --
10/26/2023 10/26/23 For Sale $175,000 +84.2% --
06/28/2021 06/28/21 Sold $95,000 -9.5% --
05/29/2021 05/29/21 Pending -- -- --
12/21/2020 12/21/20 For Sale $105,000 -- --
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
2024 $737 $15,028 $15,028 $0
2023 $737 $15,030 $15,030 $0
2022 $774 $15,030 $15,030 $0
2021 $767 $15,030 $15,030 $0
2020 $1,394 $27,050 $27,050 $0
2019 $1,394 $27,050 $27,050 $0
2018 $1,394 $27,050 $27,050 $0
2017 $2,229 $45,450 $27,050 $18,400
Source: Public Records

Agents Affiliated with this Home

  • Dallas LaCaze

    Seller's Agent in 2024

    Dallas LaCaze

    Realty Mart

    (479) 903-2155

    10 in this area

    113 Total Sales

    Dallas LaCaze
    Section Image
  • Denise Contreras-Serrano

    Buyer's Agent in 2024

    Denise Contreras-Serrano

    DC Real Estate

    (717) 307-7185

    7 in this area

    151 Total Sales

    Denise Contreras-Serrano
    Section Image
  • Salmonsen Group

    Seller's Agent in 2021

    Salmonsen Group

    Keller Williams Market Pro Realty Bentonville West

    (479) 231-1352

    2 in this area

    250 Total Sales

    Salmonsen Group
    Section Image

  • S

    Buyer's Agent in 2021

    Signature Property Group

    Smith & Associates Real Estate Services-Bentonvill

See All Agents

Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1259604

Northwest Arkansas Board of REALTORS®

APN: 11-00162-020

Arkansas Benton County Gravette 72736

1206 1st Ave SE, Gravette, AR

This home is located at 1206 1st Ave SE, Gravette, AR 72736 since 26 October 2023 and is currently estimated at $139,335. 1206 1st Ave SE is a home located in Benton County with nearby schools including Glenn Duffy Elementary School, Gravette Upper Elementary School, and Gravette 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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