NOT LISTED FOR SALE

1506 Powell St Springdale, AR 72764

Estimated Value: $462,635 - $617,000

9.74 Acres
$55,423 Price per Acre
424,274 Sq Ft Lot

Last Sold March 02, 2020

Last sale price $660,000 $549 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $3,366/month

328 Days on Market

About This Lot

As of March 2020

Opportunity Zone Property! This is a chance for qualifying investors to take part in this program (if desired). 9.74 acres zoned MF-12 with all utilities at the street. Added bonus- engineering complete for 116 unit apartment complex approved for this site by Springdale Planning Commission. Investor can pick their architect to complete building plans & finish the project, or design something new. Almost ready to turn dirt. Fantastic location across street from Razorback Greenway, airport, & near Downtown.

Last Agent to Sell the Property

Sarah Brothers

The Griffin Company Commercial Division-Springdale License #EB53350-D01 Listed on: 03/09/2019

The Griffin Company Commercial Division-Springdale

Last Buyer's Agent

Joel Treat

The Griffin Company Commercial Division-Springdale License #EB63167-D01

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,139

Lot Details

  • 9.74 Acre Lot
  • Lot Dimensions are 651' x 650'
  • Level Lot
  • Open Lot
  • Zoning described as Multi Family

Location

  • City Lot

Utilities

  • Not Connected to Sewer
  • Cable TV Available

Community Details

  • Springdale Outlots Subdivision

Listing and Financial Details

  • Exclusions: One buyer excluded from listing; contact agent for information

Property Details

Property Type

Land

Est. Annual Taxes

$1,139

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 9.74
  • Lot Size: 651' x 650'
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Subdivision Name: Springdale Outlots
  • Directions: From I-49, go East on Don Tyson Parkway for 3.5 miles. Turn North on S Powell St for 1.3 miles. 1506 Powell St is on the West side of the road across the street from the Razorback Regional Greenway trail and the entrance to Springdale Municipal Airport.
  • ResoPropertyType: Land
  • Special Features: VirtualTour

Exterior Features

  • Fencing: None
  • Lot Features: Central Business District, City Lot, Not In Subdivision, Open Lot, Other, See Remarks, Level
  • Topography: Cleared,Level
  • Waterfront Features: None
  • Exclusions: One buyer excluded from listing; contact agent for information

Utilities

  • Sewer: Not Connected (nearby), Public Sewer
  • Utilities: Cable Available, Natural Gas Available, Electricity Available
  • Water Source: Not Connected (nearby), Public

Schools

  • Junior High Dist: Springdale

Lot Info

  • Additional Parcels Description: n/a
  • Zoning Description: Multi Family
  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1139.0
  • Tax Block: .
  • Tax Lot: .

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2016
Sold by
Griggs Curtis James and King Bruline E
Bought by
Bjm Development Llc
Current Estimated Value
$539,818

Purchase Details

Closed on
Feb 25, 2008
Sold by
Griggs Curtis James and King Burline E
Bought by
Griggs Curtis James and King Burline E

Purchase Details

Closed on
Jan 1, 1985
Bought by
Griggs Vola
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
Bjm Development Llc $200,000 Advantage Title & Escrow
Griggs Curtis James -- None Available
Griggs Vola -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/02/2020 03/02/20 Sold $660,000 -20.8% $549 / Sq Ft
02/01/2020 02/01/20 Pending -- -- --
03/09/2019 03/09/19 For Sale $833,275 -- $693 / 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 $149,840 $2,898,260 $73,700 $2,824,560
2024 $3,810 $73,700 $73,700 $0
2023 $1,797 $52,700 $52,700 $0
2022 $1,634 $31,000 $31,000 $0
2021 $1,634 $31,000 $31,000 $0
2020 $899 $31,000 $31,000 $0
2019 $817 $21,820 $15,500 $6,320
2018 $1,150 $21,820 $15,500 $6,320
2017 $1,139 $21,820 $15,500 $6,320
2016 $789 $21,820 $15,500 $6,320
2015 $789 $21,820 $15,500 $6,320
2014 $915 $24,240 $16,660 $7,580
Source: Public Records

Agents Affiliated with this Home

  • Sarah Brothers

    Seller's Agent in 2020

    Sarah Brothers

    The Griffin Company Commercial Division-Springdale

    (479) 871-6678

    48 in this area

    123 Total Sales

    Sarah Brothers
    Section Image

  • J

    Buyer's Agent in 2020

    Joel Treat

    The Griffin Company Commercial Division-Springdale

    Section Image
  • Rick Oliver

    Buyer Co-Listing Agent in 2020

    Rick Oliver

    The Griffin Company Commercial Division-Springdale

    (479) 799-9355

    2 in this area

    9 Total Sales

    Rick Oliver
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1106981

Northwest Arkansas Board of REALTORS®

APN: 815-28755-000

Arkansas Washington County Springdale 72764

1506 Powell St, Springdale, AR

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