NOT LISTED FOR SALE

1280 Rainbow Rd Heber Springs, AR 72543

Estimated Value: $606,058 - $865,000

5 Beds
2.5 Baths
3,421 Sq Ft
$211/Sq Ft Est. Value

Last Sold June 24, 2013

Last sale price $395,000 $115 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $4,030/month

171 Days on Market

Highlights

  • Airport or Runway
  • Sitting Area In Primary Bedroom
  • Deck
  • Boat Dock
  • River View
  • Wood Burning Stove

About This Home

As of June 2013

Riverfront log cabin on Little Red River with newer metal roof, 5 bedrooms, 2.5 bathrooms, 2 living areas, woodburning fireplace, two story ceiling in great room, covered deck front and back, screened porch off master, open kitchen, large breakfast bar, mud room with shower, 2 car oversized garage that can hold to river boats. Property very well kept. Great riverviews. Security System, see agent remarks.

Last Agent to Sell the Property

Doris Underwood

Underwood Real Estate Listed on: 12/05/2012

Last Buyer's Agent

Doris Underwood

Underwood Real Estate Listed on: 12/05/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,082

Year Built

  • Built in 1992

Lot Details

  • 0.7 Acre Lot
  • River Front
  • Sloped Lot

Parking

  • Garage

Home Design

  • Log Cabin
  • Combination Foundation
  • Metal Roof
  • Log Siding

Interior Spaces

  • 3,421 Sq Ft Home
  • 3-Story Property
  • Wood Ceilings
  • Sheet Rock Walls or Ceilings
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Insulated Windows
  • Insulated Doors
  • Great Room
  • Combination Dining and Living Room
  • Screened Porch
  • River Views
  • Attic Ventilator
  • Home Security System
  • Washer and Electric Dryer Hookup
  • Finished Basement

Kitchen

  • Breakfast Bar
  • Electric Range
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom on Main
  • In-Law or Guest Suite

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic System

Community Details

Amenities

  • Airport or Runway

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,082

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Class: Residential
  • Style: Log
  • Ext Features: Deck, Screened Porch, Boat Dock
  • Road Surface: Paved
  • Street Designation: Road
  • Type: Detached
  • Estimated Year Built: 1992
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1992

Interior Features

  • Dining Room: Living/Dining Combo, Breakfast Bar
  • Fireplace: Woodburning-Prefab., Woodburning-Stove, Gas Starter
  • Bedrooms: Primary Bedroom/Main Lv, Guest Bedroom Apart, Primary Bed. Sitting Area, 3 Bedrooms Same Level
  • Estimated Sq Ft: 3421
  • Basement: Finished
  • Bedrooms: 5
  • Floors: Wood, Tile
  • Foundation: Slab/Crawl Combination
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interiors: Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Security System, Balcony/Loft, Ceiling Fan(s), Breakfast Bar
  • Kitchen Equip: Free-Standing Stove, Electric Range, Dishwasher
  • Other Rooms: Great Room
  • Stories: Tri-Level
  • Walls Ceilings: Sheet Rock, Wood Ceiling

Exterior Features

  • Exterior: Log
  • Roof: Metal
  • Waterfront: River

Garage/Parking

  • Parking: Garage

Utilities

  • Utilities: Septic
  • Heat Air: Central Cool-Electric, Central Heat-Electric

Condo/Co-op/Association

  • Amenities: Airport

Lot Info

  • Estimated Lot Size: 0.7
  • Estimated Lot Size: .7
  • Lot: Sloped, River Front
  • Geo Subdivision: AR

Green Features

  • Energy Features: Insulated Windows, Insulated Doors, Attic Vent-Electric

Tax Info

  • Annual Taxes: 2081.73
  • Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2012
Closed on
Jun 22, 2013
Sold by
Reid Gary M and Reid Sheila D
Bought by
Hayes Richard and Hayes Marilyn
Seller's Agent
Doris Underwood
Underwood Real Estate
Buyer's Agent
Doris Underwood
Underwood Real Estate
List Price
$450,000
Sold Price
$395,000
Premium/Discount to List
-$55,000
-12.22%
Current Estimated Value
$722,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$327,765
Avg. Annual Appreciation
4.98%
Original Mortgage
$316,000
Outstanding Balance
$224,182
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$498,583

Purchase Details

Closed on
May 4, 1998
Bought by
Reid Gary M and Reid Sheila D

Purchase Details

Closed on
Apr 1, 1993
Bought by
Mid-South Ag Equipment Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Hayes Richard $395,000 None Available
Reid Gary M -- --
Mid-South Ag Equipment Inc $186,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hayes Richard $316,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2013 06/24/13 Sold $395,000 -12.2% $115 / Sq Ft
05/25/2013 05/25/13 Pending -- -- --
12/05/2012 12/05/12 For Sale $450,000 -- $132 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

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 $2,553 $87,881 $15,000 $72,881
2023 $2,356 $87,881 $15,000 $72,881
2022 $2,160 $87,881 $15,000 $72,881
2021 $1,963 $51,807 $14,000 $37,807
2020 $1,963 $51,807 $14,000 $37,807
2019 $1,963 $51,807 $14,000 $37,807
2018 $1,963 $51,807 $14,000 $37,807
2017 $1,963 $51,807 $14,000 $37,807
2016 $2,106 $55,563 $17,000 $38,563
2015 $2,106 $55,563 $17,000 $38,563
2014 $2,106 $55,563 $17,000 $38,563
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Doris Underwood

    Underwood Real Estate

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 10335234

Cooperative Arkansas REALTORS® MLS

APN: 002-09668-000

Arkansas Cleburne County Heber Springs 72543

1280 Rainbow Rd, Heber Springs, AR

Not Listed for Sale

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