$448,000
SOLD FEB 23, 2018

1501 S Rainbow Rd Rogers, AR 72758

7 Acres
$68,923 Price per Acre
283,140 Sq Ft Lot

Recently Sold

$249 Per Sq Ft

57% Below List Price

407 Days on Market

About This Lot

As of July 2018

Great Commercially viable property just off Walton Blvd. Property near the Fountain Plaza Development. Land is fairly open and level, prime for development to utilities at the street. Sewer is 1500 ft. away.

Last Agent to Sell the Property

Salmonsen Group

Keller Williams Market Pro Realty Bentonville West Listed on: 12/12/2016

Keller Williams Market Pro Realty Bentonville West

Last Buyer's Agent

Clinton Bennett

Focus Commercial Real Estate License #EB00058021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $931

Lot Details

  • 6.5 Acre Lot
  • Level Lot
  • Open Lot

Utilities

  • Not Connected to Sewer

Property Details

Property Type

Land

Est. Annual Taxes

$931

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 6.5
  • Road Surface Type: Paved
  • Subdivision Name: .
  • Directions: I 49 exit 85 then west on Walton Blvd. to Left on Rainbow Rd., property on left
  • ResoPropertyType: Land
  • Special Features: None

Exterior Features

  • Fencing: None
  • Lot Features: Open Lot, Other, See Remarks, Level
  • Topography: Cleared,Level

Utilities

  • Sewer: Not Connected (nearby), Public Sewer

Schools

  • Junior High Dist: Rogers

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 931.0
  • Tax Block: .
  • Tax Lot: .

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2018
Sold by
Lawson Willa Jean
Bought by
Lem 3 Consulting Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,744,000
Interest Rate
4.8%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 6, 2015
Closed on
Jul 9, 2018
Sold by
Yates Sammy Dale and Yates Mitzi Descene
Bought by
Rainbow Road Development Llc
Seller's Agent
Salmonsen Group
Keller Williams Market Pro Realty Bentonville West
Buyer's Agent
Ryan Russell
Equity Partners Realty
List Price
$1,823,400
Sold Price
$1,001,250
Premium/Discount to List
-$822,150
-45.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.88%

Purchase Details

Listed on
Dec 12, 2016
Closed on
Feb 23, 2018
Sold by
Descene Yates Sammy Dale and Descene Yates Mitzi
Bought by
Rainbow Road Self Storage Llc
Seller's Agent
Salmonsen Group
Keller Williams Market Pro Realty Bentonville West
Buyer's Agent
Clinton Bennett
Focus Commercial Real Estate
List Price
$1,032,000
Sold Price
$448,000
Premium/Discount to List
-$584,000
-56.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
778.94%
Original Mortgage
$330,000
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 16, 2014
Sold by
Yates Sammy Dale and Yates Mitzi Descene
Bought by
Yates Sammy Dale and Yates Mitzi Descene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.32%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 14, 1998
Bought by
Yates S

Purchase Details

Closed on
Jul 10, 1998
Bought by
Yates, W 2 Pcls

Purchase Details

Closed on
May 14, 1987
Bought by
Yates
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 Type Sale Price Title Company
Warranty Deed $1,012,500 None Available
Warranty Deed $1,001,250 Waco Title Company
Warranty Deed $448,000 Waco Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $1,500,000 New Conventional
Closed $1,744,000 Construction
Closed $512,500 Future Advance Clause Open End Mortgage
Previous Owner $330,000 Commercial
Previous Owner $450,000 Credit Line Revolving
Previous Owner $350,000 Credit Line Revolving
Previous Owner $100,000 Credit Line Revolving
Previous Owner $50,000 Credit Line Revolving
Previous Owner $26,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2023 06/20/23 For Sale $4,299,000 0.0% --
05/22/2023 05/22/23 Pending -- -- --
02/06/2023 02/06/23 For Sale $4,299,000 +329.4% --
07/09/2018 07/09/18 Sold $1,001,250 +123.5% $556 / Sq Ft
06/09/2018 06/09/18 Pending -- -- --
02/23/2018 02/23/18 Sold $448,000 -56.6% $249 / Sq Ft
01/24/2018 01/24/18 Pending -- -- --
12/12/2016 12/12/16 For Sale $1,032,000 -43.4% $573 / Sq Ft
07/06/2015 07/06/15 For Sale $1,823,400 -- $1,013 / 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
2024 $10,810 $204,348 $204,348 $0
2023 $13,356 $300,760 $300,760 $0
2022 $12,818 $300,760 $300,760 $0
2021 $11,720 $300,760 $300,760 $0
2020 $10,662 $194,210 $194,210 $0
2019 $33 $610 $610 $0
2018 $1,648 $31,010 $13,770 $17,240
2017 $1,545 $31,300 $14,060 $17,240
2016 $971 $31,300 $14,060 $17,240
2015 $1,281 $24,210 $4,700 $19,510
2014 $931 $24,210 $4,700 $19,510
Source: Public Records

Agents Affiliated with this Home

  • Daniel Smith, CCIM

    Seller's Agent in 2023

    Daniel Smith, CCIM

    Colliers International - Branch Office

    (479) 845-1503

    2 in this area

    20 Total Sales

    Daniel Smith, CCIM
    Section Image
  • Alan Cole

    Seller Co-Listing Agent in 2023

    Alan Cole

    Colliers International - Branch Office

    (479) 845-1512

    1 in this area

    29 Total Sales

    Alan Cole
    Section Image
  • Salmonsen Group

    Seller's Agent in 2018

    Salmonsen Group

    Keller Williams Market Pro Realty Bentonville West

    (479) 231-1352

    16 in this area

    254 Total Sales

    Salmonsen Group
    Section Image
  • Clinton Bennett

    Buyer's Agent in 2018

    Clinton Bennett

    Focus Commercial Real Estate

    (479) 200-3457

    6 in this area

    26 Total Sales

    Clinton Bennett
    Section Image

  • R

    Buyer's Agent in 2018

    Ryan Russell

    Equity Partners Realty

    (479) 466-6177

    1 in this area

    62 Total Sales

    Ryan Russell
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1033117

Northwest Arkansas Board of REALTORS®

APN: 02-00861-107

Arkansas Benton County Rogers 72712

1501 S Rainbow Rd, Rogers, AR

This home is located at 1501 S Rainbow Rd, Rogers, AR 72758 and is currently priced at $448,000, approximately $248 per square foot. 1501 S Rainbow Rd is a home located in Benton County with nearby schools including Reagan Elementary School, Oakdale Middle School, and Rogers Heritage High 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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