NOT LISTED FOR SALE

16993 Olive Rd Fayetteville, AR 72701

Estimated Value: $389,000 - $719,000

1 Bed
1 Bath
2,700 Sq Ft
$216/Sq Ft Est. Value

Last Sold February 24, 2023

Last sale price $661,000 $245 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $3,308/month

193 Days on Market

Highlights

  • Guest House
  • River View
  • Deck
  • Home fronts a pond
  • 73.98 Acre Lot
  • Secluded Lot

About This Home

As of February 2023

Welcome to your own paradise! This property has a main house, guest house, large detached garage/workshop, horse barn with 8 stalls, numerous barns and a river running through it. Pasture land is cross fenced. There is a spring and a pond on the property. Virtual tour
The one bedroom, one bath home has an office space which could be made into a second bedroom if desired. The home has an incredible indoor/outdoor rock fireplace, skylights throughout, granite countertops, concrete flooring with radiant heat, concrete exterior and amazing indoor and outdoor showers. The guest house/cabin across the deck has 1 bed 1 bath and would be perfect for guests or rental. The decks have an outdoor fireplace, shower and gazebo that overlooks the river. The horse barn has 8 stalls and electric. The garage/workshop has electric and hot/cold water.
Water is well/cistern with a whole home filtration system. WWA water tap paid. Property being sold "As is".

Last Agent to Sell the Property

Tina Stanley

Arkansas Real Estate Group Fayetteville License #SA00084039 Listed on: 08/14/2022

Last Buyer's Agent

Whitney Morgan

Coldwell Banker Harris McHaney & Faucette -Fayette License #SA00057941

Coldwell Banker Harris McHaney & Faucette -Fayette

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,746

Year Built

  • Built in 2014

Lot Details

  • 73.98 Acre Lot
  • Home fronts a pond
  • River Front
  • Property fronts a county road
  • Dirt Road
  • Rural Setting
  • Secluded Lot
  • Sloped Lot
  • Wooded Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 2,700 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Sided Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • 2 Fireplaces
  • River Views
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Propane Range
  • Dishwasher
  • Granite Countertops
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Outdoor Fireplace
  • Pole Barn
  • Separate Outdoor Workshop
  • Outbuilding

Utilities

  • Cooling Available
  • Radiant Heating System
  • Propane
  • Well
  • Gas Water Heater
  • Septic Tank
  • Fiber Optics Available
  • Phone Available

Additional Features

  • Guest House
  • Outside City Limits

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,746

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 73.98
  • Road Frontage Type: County Road, Shared
  • Road Surface Type: Dirt
  • Subdivision Name: na
  • Directions: Hwy 16 E past Elkins. Turn R onto Hazel Valley Rd/WC 47. Take Left onto Olive Rd. Follow Olive Road approximately 2 miles. Property is on right. Look for sign. Turn R at Real Estate sign. Follow the driveway until you see the house and sign on Rt.
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: House
  • Year Built: 2014
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • ResoBuildingAreaSource: Owner
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Electric Oven, Electric Water Heater, Disposal, Gas Water Heater, Propane Range, Trash Compactor
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Living Room, Multi-Sided, Outside
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Concrete, Wood
  • Interior Amenities: Ceiling Fan(s), Cathedral Ceiling(s), Granite Counters, None, Walk-In Closet(s)
  • Living Area: 2700.0
  • Window Features: Double Pane Windows
  • ResoLivingAreaSource: Owner

Exterior Features

  • Fencing: Other, See Remarks
  • Lot Features: None, Outside City Limits, Rural Lot, Secluded, Sloped, Wooded
  • View: River
  • View: Yes
  • Waterfront Features: Pond, River Front
  • Waterfront: Yes
  • Construction Type: Concrete
  • Exterior Features: Concrete Driveway, Unpaved Driveway
  • Foundation Details: Slab
  • Other Structures: Barn(s), Guest House, Outbuilding, Pole Barn, Workshop
  • Patio And Porch Features: Deck
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Parking Features: Detached, Garage

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric, Radiant
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Fiber Optic Available, Propane, Phone Available, Septic Available, Water Available
  • Water Source: Rural, Well

Schools

  • Junior High Dist: Elkins

Lot Info

  • Additional Parcels Description: 001-02397-001; 001-02420-000
  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 45.0
  • Tax Block: na
  • Tax Lot: na

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2022
Closed on
Feb 23, 2023
Sold by
Walker Gordon Dennis
Bought by
Trust Agreement Of John C Torseth
Seller's Agent
Tina Stanley
Arkansas Real Estate Group Fayetteville
Buyer's Agent
Whitney Morgan
Coldwell Banker Harris McHaney & Faucette -Fayette
List Price
$750,000
Sold Price
$661,000
Premium/Discount to List
-$89,000
-11.87%
Views
76
Current Estimated Value
$583,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$77,862
Avg. Annual Appreciation
-4.46%

Purchase Details

Closed on
May 23, 2003
Sold by
Cornell Sue Harty
Bought by
Harty Cornell Harold G and Harty Cornell Sue

Purchase Details

Closed on
Jan 1, 1985
Bought by
Cornell Sue Harty
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Trust Agreement Of John C Torseth $661,000 Advantage Title & Escrow
Harty Cornell Harold G -- --
Cornell Sue Harty -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2023 02/24/23 Sold $661,000 -8.8% $245 / Sq Ft
09/13/2022 09/13/22 Price Changed $725,000 -3.3% $269 / Sq Ft
08/14/2022 08/14/22 For Sale $750,000 -- $278 / 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 $2,746 $67,880 $4,610 $63,270
2024 $2,846 $67,880 $4,610 $63,270
2023 $1,538 $67,880 $4,610 $63,270
2022 $45 $49,620 $3,710 $45,910
2021 $45 $49,620 $3,710 $45,910
2020 $1,596 $49,620 $3,710 $45,910
2019 $1,606 $39,070 $3,460 $35,610
2018 $1,993 $39,390 $3,460 $35,930
2017 $1,719 $46,230 $5,580 $40,650
2016 $1,733 $46,230 $5,580 $40,650
2015 $1,733 $46,230 $5,580 $40,650
2014 $1,548 $37,532 $4,300 $33,232
Source: Public Records

Agents Affiliated with this Home

  • Tina Stanley

    Seller's Agent in 2023

    Tina Stanley

    Arkansas Real Estate Group Fayetteville

    (479) 318-0433

    112 Total Sales

    Tina Stanley
    Section Image

  • W

    Buyer's Agent in 2023

    Whitney Morgan

    Coldwell Banker Harris McHaney & Faucette -Fayette

    (479) 236-0050

    82 Total Sales

    Whitney Morgan
    Section Image
See All Agents

Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1226880

Northwest Arkansas Board of REALTORS®

APN: 001-02421-001

Arkansas Washington County Fayetteville 72701

16993 Olive Rd, Fayetteville, AR

Not Listed for Sale

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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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