NOT LISTED FOR SALE

242 River Norman, AR 71960

Estimated Value: $171,000 - $231,000

6 Acres
$32,589 Price per Acre
261,360 Sq Ft Lot

Last Sold February 27, 2023

Last sale price $166,200

Est. 18% increase in value since last sale

Current estimated payment $1,127/month

137 Days on Market

About This Lot

As of February 2023

BREATHTAKING VIEWS of the Caddo River in both directions! Own your piece of paradise with this secluded, private 6 acre tract with 700-800 feet right on the Caddo River. Cleared areas ready to build on with electric, water (city of Norman), septic tank, 100 gallon propane tank and internet already on the property. The clearest swimming hole on the Caddo River right in front of the property. Several building spots already cleared. 2018 Riverside 1 bedroom/1 bath camper with extras available separately.

Last Agent to Sell the Property

Tammy Browning

Trademark Real Estate, Inc. Listed on: 09/12/2022

Trademark Real Estate, Inc.

Last Buyer's Agent

Kyleigh Taylor

Trademark Real Estate, Inc.

Trademark Real Estate, Inc.

Property Details

Property Type

  • Land

Lot Details

  • 6

Property Views

  • River
  • Scenic Vista
  • Creek or Stream

Schools

  • Caddo Hills Elementary And Middle School
  • Caddo Hills High School

Utilities

  • Propane
  • On Site Septic

Additional Features

  • 6 Acre Lot
  • River Nearby
  • Outside City Limits

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: Vacant Land
  • LVT Date: 09/13/2022
  • River: Yes
  • River Name: Caddo River
  • Road Surface: Paved
  • Type: Acreage
  • Sold Price Per Acre: 27700
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront: Creek, River

Utilities

  • Utilities: Water-Public, Elec-Municipal (+Entergy), Gas-Propane/Butane, Septic On Property

Schools

  • Junior High: Caddo Hills

Lot Info

  • Estimated Lot Size: 6
  • Estimated Lot Size: 6 acres
  • Lot: Not In Subdivision, Out Of City, River/Lake Area, Vista View
  • Geo Subdivision: AR

Tax Info

  • Annual Taxes: 9

MLS Schools

  • Elementary School: Caddo Hills
  • HighSchool: Caddo Hills
  • Middle School: Caddo Hills

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2022
Closed on
Feb 23, 2023
Sold by
Cubage Spencer and Cubage Elizabeth
Bought by
Morris Dustin and Morris Danielle
Seller's Agent
Tammy Browning
Trademark Real Estate, Inc.
Buyer's Agent
Kyleigh Taylor
Trademark Real Estate, Inc.
List Price
$275,000
Sold Price
$166,200
Premium/Discount to List
-$108,800
-39.56%
Views
48
Current Estimated Value
$195,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,334
Avg. Annual Appreciation
5.72%
Original Mortgage
$132,960
Outstanding Balance
$106,198
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$89,336
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Morris Dustin $166,200 Hot Springs Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morris Dustin $132,960
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2023 02/27/23 Sold $166,200 -26.1% --
01/27/2023 01/27/23 Pending -- -- --
01/08/2023 01/08/23 Price Changed $224,900 -9.7% --
10/22/2022 10/22/22 Price Changed $249,000 -9.5% --
09/12/2022 09/12/22 For Sale $275,000 -- --
Source: Cooperative Arkansas REALTORS® MLS

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 $1,338 $28,650 $5,760 $22,890
2024 $9 $200 $200 $0
2023 $9 $200 $200 $0
2022 $9 $200 $200 $0
2021 $9 $200 $200 $0
2020 $104 $2,210 $2,210 $0
2019 $104 $2,210 $2,210 $0
2018 $5 $50 $50 $0
2017 $4 $90 $90 $0
2016 $5 $100 $100 $0
2014 $5 $100 $100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 22031013

Cooperative Arkansas REALTORS® MLS

APN: 074-00086-001