NOT LISTED FOR SALE

12218 Horman Rd Gravette, AR 72736

Estimated Value: $283,065 - $365,000

2 Beds
1 Bath
1,456 Sq Ft
$226/Sq Ft Est. Value

Last Sold May 30, 2017

Last sale price $130,000 $89 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $1,801/month

39 Days on Market

Highlights

  • Traditional Architecture
  • Circular Driveway
  • Eat-In Kitchen
  • Gravette Middle School Rated A-
  • Separate Outdoor Workshop
  • Double Pane Windows

About This Home

As of May 2017

Just over 10 acres with a two bedroom 1 bath home. A easy conversion to make it a three bedroom home. Property is being sold as is.

Last Agent to Sell the Property

James Dray

Fathom Realty License #PB00068179 Listed on: 03/21/2017

Fathom Realty

Last Buyer's Agent

Mike Duley

Keller Williams Market Pro Realty - Rogers Branch

Keller Williams Market Pro Realty - Rogers Branch

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $619

Year Built

  • Built in 1972

Lot Details

  • 10.68 Acre Lot
  • Property fronts a county road
  • Dirt Road
  • Rural Setting
  • East Facing Home

Parking

  • Circular Driveway

Home Design

  • Traditional Architecture
  • Fixer Upper
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Masonite

Interior Spaces

  • 1,456 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom

Outdoor Features

  • Separate Outdoor Workshop
  • Outbuilding

Location

  • Outside City Limits

Utilities

  • Window Unit Cooling System
  • Space Heater
  • Propane
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • 16 20 32 Rural Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$619

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 10.68
  • Road Frontage Type: County Road
  • Road Surface Type: Dirt
  • Subdivision Name: 16-20-32 Rural
  • Directions: Hwy 72 west from Hiwasse towards Gravette to left on Horman. Look for sign, property on right side of roadway
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: House
  • Year Built Details: 25 Years or older
  • Year Built: 1972
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1
  • Year Built: 1972

Interior Features

  • Appliances: Electric Water Heater, Oven, Self Cleaning Oven
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Eat-in Kitchen, None, Walk-In Closet(s)
  • Living Area: 1456.0
  • Window Features: Double Pane Windows
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: None
  • Lot Features: Not In Subdivision, Outside City Limits, Rural Lot
  • Waterfront Features: None
  • Construction Type: Masonite
  • Direction Faces: East
  • Foundation Details: Slab
  • Other Structures: Outbuilding, Workshop
  • Property Condition: Fixer
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Circular Driveway

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Space Heater
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Propane, Septic Available, Water Available
  • Water Source: Public, Rural, Well

Schools

  • Junior High Dist: Gravette

Lot Info

  • Zoning Description: Residential
  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 619.0
  • Tax Block: 0
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2017
Closed on
May 8, 2017
Sold by
Tomke Lynn M
Bought by
Farar Jeffery L and Farar Terri L
Seller's Agent
James Dray
Fathom Realty
Buyer's Agent
Mike Duley
Keller Williams Market Pro Realty - Rogers Branch
List Price
$145,000
Sold Price
$130,000
Premium/Discount to List
-$15,000
-10.34%
Current Estimated Value
$329,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,266
Avg. Annual Appreciation
11.67%
Original Mortgage
$127,645
Outstanding Balance
$107,014
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$222,252

Purchase Details

Closed on
Apr 20, 2013
Bought by
Resignation Of Ramaker Lois J (2P)

Purchase Details

Closed on
Apr 29, 1993
Bought by
Ramaker

Purchase Details

Closed on
Jul 16, 1992
Bought by
Allen

Purchase Details

Closed on
Jun 15, 1988
Bought by
Wierner

Purchase Details

Closed on
May 3, 1988
Bought by
Leaf

Purchase Details

Closed on
Aug 29, 1983
Bought by
Smith

Purchase Details

Closed on
Sep 30, 1976
Bought by
Smith G
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
Farar Jeffery L $130,000 Advantage Title & Escrow
Resignation Of Ramaker Lois J (2P) -- --
Ramaker $48,000 --
Allen -- --
Wierner $49,000 --
Leaf -- --
Leaf $45,000 --
Smith -- --
Smith G $17,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farar Jeffery L $127,645
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2017 05/30/17 Sold $130,000 -10.3% $89 / Sq Ft
04/30/2017 04/30/17 Pending -- -- --
03/21/2017 03/21/17 For Sale $145,000 -- $100 / Sq Ft
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 $882 $29,237 $5,856 $23,381
2024 $785 $29,237 $5,856 $23,381
2023 $714 $19,430 $3,650 $15,780
2022 $696 $19,430 $3,650 $15,780
2021 $636 $19,430 $3,650 $15,780
2020 $580 $12,500 $1,340 $11,160
2019 $586 $12,500 $1,340 $11,160
2018 $586 $12,500 $1,340 $11,160
2017 $204 $12,500 $1,340 $11,160
2016 $204 $12,500 $1,340 $11,160
2015 $969 $21,880 $10,680 $11,200
2014 $619 $21,880 $10,680 $11,200
Source: Public Records

Agents Affiliated with this Home

  • James Dray

    Seller's Agent in 2017

    James Dray

    Fathom Realty

    (479) 621-9473

    4 Total Sales

    James Dray
    Section Image
  • Mike Duley

    Buyer's Agent in 2017

    Mike Duley

    Keller Williams Market Pro Realty - Rogers Branch

    (479) 586-4663

    1,019 Total Sales

    Mike Duley
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1041762

Northwest Arkansas Board of REALTORS®

APN: 18-12115-000

Arkansas Benton County Gravette 72736

12218 Horman Rd, Gravette, AR

This home is located at 12218 Horman Rd, Gravette, AR 72736 since 21 March 2017 and is currently estimated at $329,266, approximately $226 per square foot. This property was built in 1972. 12218 Horman Rd 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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