Seller's Agent in 2023
Angie Gallaher
Scenic Rivers Realty
(870) 219-5159
41 Total Sales
Estimated Value: $918,170
10
Beds
10
Baths
8,000
Sq Ft
$115/Sq Ft
Est. Value
About This Home
As of August 2023This well-established restaurant for sale is located in Hardy, Arkansas. Included are 10 bed and breakfast suites. This upscale business overlooks the Spring River and has many outstanding views of the Ozark Mountains and the lush river valley. The business is located in a historic building for extra ambiance. The large restaurant has a bar and a beautiful new deck that provides for outside dining. The Bed & Breakfast suites offer 10 guest rooms including 4 that are luxury suites with fireplaces and Jacuzzi's. The buildings sit on 7 acres m/l overlooking the popular Spring River. The current owners use the land to host weddings and receptions. Hardy, Arkansas is just 2 hours from Memphis, TN or Little Rock, AR. Hardy is a historic town with lots of crafts and specialty stores along the downtown. It is a premiere travel destination due to the local rivers, numerous lakes, golf courses, and other scenic stops. This historic restaurant building has recently been remodeled with new flooring, interior painting, new roof shingles, remodeled bathrooms and more. Being a turnkey business for sale helps get a new owner up faster. This business has a long history of being the premier restaurant and bar in the surrounding area. Many tourists from around the United States, along with the locals, enjoy dining while watching the sun set over the Ozarks and the Spring River from this amazing hilltop setting. This is truly a one of a kind business opportunity.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,325
Lot Details
- 7 Acre Lot
Interior Spaces
- 8,000 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- Primary Bedroom Upstairs
- 10 Full Bathrooms
Schools
- Highland Elementary And Middle School
- Highland School
Listing and Financial Details
- Assessor Parcel Number 02400040000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 20, 2023
Sold by
Armstrong Greg
Bought by
Yarbrough Ken Alan
Current Estimated Value
Purchase Details
Closed on
Oct 31, 2019
Sold by
Bathrick Inc
Bought by
Armstrong Gregory P and Armstrong Layla A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
3.7%
Mortgage Type
Commercial
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Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Yarbrough Ken Alan | $600,000 | None Listed On Document | |
| Armstrong Gregory P | $600,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Armstrong Gregory P | $480,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/01/2023 08/01/23 | Sold | $1,300,000 | 0.0% | $163 / Sq Ft |
| 01/16/2023 01/16/23 | For Sale | $1,300,000 | -- | $163 / Sq Ft |
Source: Northeast Arkansas Board of REALTORS®
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 | $5,034 | $140,420 | $20,580 | $119,840 |
| 2024 | $5,034 | $140,420 | $20,580 | $119,840 |
| 2023 | $4,483 | $140,420 | $20,580 | $119,840 |
| 2022 | $4,076 | $113,690 | $20,580 | $93,110 |
| 2021 | $4,076 | $113,690 | $20,580 | $93,110 |
| 2020 | $4,076 | $113,690 | $20,580 | $93,110 |
| 2019 | $3,229 | $90,070 | $7,700 | $82,370 |
| 2018 | $3,229 | $90,070 | $7,700 | $82,370 |
| 2017 | $3,229 | $90,070 | $7,700 | $82,370 |
| 2016 | $3,229 | $90,070 | $7,700 | $82,370 |
| 2015 | -- | $90,070 | $7,700 | $82,370 |
| 2014 | -- | $92,520 | $3,000 | $89,520 |
| 2013 | -- | $92,520 | $3,000 | $89,520 |
Source: Public Records
Agents Affiliated with this Home
-
Angie Gallaher
Map
Source: Northeast Arkansas Board of REALTORS®
MLS Number: 10103795
APN: 024-00040-000
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