NOT LISTED FOR SALE

16997 Olive Rd Fayetteville, AR 72701

Estimated Value: $131,223 - $169,000

1 Bed
1 Bath
592 Sq Ft
$255/Sq Ft Est. Value

Last Sold February 24, 2023

Last sale price $108,800 $184 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $844/month

3 Days on Market

Highlights

  • River View
  • Wooded Lot
  • Porch
  • Wood Burning Stove
  • Wood Flooring
  • Heating Available

About This Home

As of February 2023

Serene cabin in the woods with a riverfront view on 5 acres. Watch deer or other wildlife from your front porch. Would make a great weekend retreat! Also see MLS#1226880 for additional available land and cabin next door. Two separate owners.

Last Agent to Sell the Property

Tina Stanley

Arkansas Real Estate Group Fayetteville License #SA00084039 Listed on: 09/24/2022

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

  • $553

Year Built

  • Built in 2010

Lot Details

  • 5 Acre Lot
  • River Front
  • Property fronts a private road
  • Property fronts a county road
  • Dirt Road
  • Rural Setting
  • Wooded Lot

Parking

  • Gravel Driveway

Home Design

  • Split Level Home
  • Frame Construction
  • Metal Roof
  • Metal Siding

Interior Spaces

  • 592 Sq Ft Home
  • Wood Burning Stove
  • Wood Flooring
  • River Views
  • Crawl Space
  • Electric Cooktop

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Heating Available
  • Well
  • Electric Water Heater
  • Septic Tank
  • Fiber Optics Available
  • Phone Available

Additional Features

  • Porch
  • Outside City Limits

Home Details

Home Type

Single Family

Est. Annual Taxes

$553

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 5.0
  • Road Frontage Type: County Road, Private Road
  • Road Surface Type: Dirt
  • Subdivision Name: na
  • Directions: Hwy 16 from Fay. through Elkins, turn L onto CR 47. Continue on CR 47 Until you come to a T in the road. Take a R onto CR 122/Hazel Valley Rd. Cont. until the next T in road and take a Left onto Olive Rd. Cont. approx. 2 miles until turn on the right.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Multi/Split
  • New Construction: No
  • Structure Type: House
  • Year Built: 2010
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Cooktop, Electric Water Heater
  • Has Basement: Crawl Space
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Flooring: Wood
  • Interior Amenities: None, Wood Burning Stove
  • Living Area: 592.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: None
  • Lot Features: None, Outside City Limits, Rural Lot, Wooded
  • View: River
  • View: Yes
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Construction Type: Frame, Metal Siding
  • Exterior Features: Gravel Driveway
  • Foundation Details: Crawlspace
  • Other Structures: None
  • Patio And Porch Features: Porch
  • Roof: Metal

Utilities

  • Heating: Wood Stove
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Fiber Optic Available, Phone Available, Septic Available, Water Available
  • Water Source: Well

Schools

  • Junior High Dist: Elkins

Lot Info

  • 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
Sep 24, 2022
Closed on
Feb 23, 2023
Sold by
Johnsen Sandra Eileen
Bought by
Torseth James W
Seller's Agent
Tina Stanley
Arkansas Real Estate Group Fayetteville
Buyer's Agent
Whitney Morgan
Coldwell Banker Harris McHaney & Faucette -Fayette
List Price
$100,000
Sold Price
$108,800
Premium/Discount to List
$8,800
8.8%
Views
81
Current Estimated Value
$151,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,274
Avg. Annual Appreciation
12.68%
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
Torseth James W $108,800 Advantage Title & Escrow
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2023 02/24/23 Sold $108,800 +8.8% $184 / Sq Ft
09/28/2022 09/28/22 Pending -- -- --
09/24/2022 09/24/22 For Sale $100,000 -- $169 / 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 $553 $11,220 $3,230 $7,990
2024 $553 $11,220 $3,230 $7,990
2023 $429 $11,220 $3,230 $7,990
2022 $45 $7,720 $2,330 $5,390
2021 $45 $7,720 $2,330 $5,390
2020 $391 $7,720 $2,330 $5,390
2019 $336 $6,620 $1,900 $4,720
2018 $332 $6,620 $1,900 $4,720
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
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1229856

Northwest Arkansas Board of REALTORS®

APN: 001-02421-006

Arkansas Washington County Fayetteville 72701

16997 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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