NOT LISTED FOR SALE

2431 W Monroe Ave Lowell, AR 72745

Estimated Value: $639,639 - $1,357,000

29.36 Acres
$28,829 Price per Acre
1,278,922 Sq Ft Lot

Last Sold October 09, 2020

Last sale price $950,000 $652 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $4,523/month

60 Days on Market

Highlights

  • Home fronts a pond
  • Janie Darr Elementary School Rated A
  • 29.36 Acre Lot

About This Lot

As of October 2020

Developmental Potential! 29.36 Acres off W Monroe in Lowell. 482’ Hwy 264 road frontage. Cleared and level land with pond. Parcels include #12-02489-000,12-02010-604,12-02488-000, value in land and location. Easy access to XNA Airport and I-49. Fast growing area and an ideal investment opportunity!

Last Agent to Sell the Property

Somer Adams

Lindsey & Assoc Inc Branch License #EB00058486 Listed on: 07/10/2020

Lindsey & Assoc Inc Branch

Last Buyer's Agent

Jesselyn Lising

Collier & Associates- Rogers Branch License #SA00079090

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,209

Lot Details

  • 29.36 Acre Lot
  • Home fronts a pond
  • Wire Fence
  • Cleared Lot
  • Zoning described as Agricultural

Additional Features

  • City Lot
  • Well

Property Details

Property Type

Land

Est. Annual Taxes

$1,209

Lot Details

29.36 Acres

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 29.36
  • Road Frontage Type: Main Thoroughfare, Public Road
  • Road Surface Type: Paved
  • Subdivision Name: N/A
  • Directions: From I-49 S take Exit 78 and turn west onto Monroe Ave. Continue on Monroe. Property will be on the left.
  • ResoPropertyType: Land
  • Special Features: VirtualTour

Exterior Features

  • Fencing: Wire
  • Lot Features: Cleared, City Lot, Not In Subdivision, Other, See Remarks
  • Topography: Cleared,Rolling
  • Waterfront Features: Pond
  • Disclosures: Flood Plain Disclosure

Utilities

  • Electricity On Property: Yes
  • Utilities: Natural Gas Available, Electricity Available
  • Water Source: Well

Schools

  • Junior High Dist: Rogers

Lot Info

  • Additional Parcels Description: 12-02489-000, 12-02010-604
  • Zoning Description: Agricultural
  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1209.0
  • Tax Block: .
  • Tax Lot: .

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 8, 2021
Sold by
Dillard Capital Ventures Llc
Bought by
Jmc Land Llc
Current Estimated Value
$846,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Outstanding Balance
$60,614
Interest Rate
2.88%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$785,796

Purchase Details

Listed on
Jul 10, 2020
Closed on
Oct 9, 2020
Sold by
Cook Bobby J
Bought by
Jmc Land Llc
Seller's Agent
Somer Adams
Lindsey & Assoc Inc Branch
Buyer's Agent
Jesselyn Lising
Collier & Associates- Rogers Branch
List Price
$1,100,000
Sold Price
$950,000
Premium/Discount to List
-$150,000
-13.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.10%
Original Mortgage
$740,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 1, 1999
Bought by
Re and Stamps Vs Stamps

Purchase Details

Closed on
Jun 10, 1998
Bought by
Murphy Etal 3 Pcl

Purchase Details

Closed on
Oct 11, 1995
Bought by
Stamp

Purchase Details

Closed on
Mar 1, 1994
Bought by
Stamp

Purchase Details

Closed on
Feb 16, 1994
Bought by
Stamps

Purchase Details

Closed on
May 1, 1984
Bought by
Stamps

Purchase Details

Closed on
Mar 14, 1984
Bought by
Stamps
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Jmc Land Llc $475,000 Waco Title
Jmc Land Llc $950,000 Waco Title
Re -- --
Murphy Etal 3 Pcl -- --
Stamp -- --
Stamp -- --
Stamps -- --
Stamps -- --
Stamps -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jmc Land Llc $427,500
Previous Owner Jmc Land Llc $740,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2020 10/09/20 Sold $950,000 -13.6% $652 / Sq Ft
09/09/2020 09/09/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $1,100,000 -- $755 / Sq Ft
Source: Northwest 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 $853 $14,860 $14,860 --
2024 $1,692 $45,742 $14,860 $30,882
2023 $1,539 $28,920 $8,240 $20,680
2022 $1,686 $28,920 $8,240 $20,680
2021 $1,680 $28,920 $8,240 $20,680
2020 $819 $20,510 $5,730 $14,780
2019 $788 $20,510 $5,730 $14,780
2018 $813 $20,510 $5,730 $14,780
2017 $741 $20,510 $5,730 $14,780
2016 $741 $20,510 $5,730 $14,780
2015 $1,104 $20,750 $6,480 $14,270
2014 $754 $24,730 $9,450 $15,280
Source: Public Records

Agents Affiliated with this Home

  • Somer Adams

    Seller's Agent in 2020

    Somer Adams

    Lindsey & Assoc Inc Branch

    (479) 601-3732

    24 in this area

    307 Total Sales

    Somer Adams
    Section Image

  • J

    Buyer's Agent in 2020

    Jesselyn Lising

    Collier & Associates- Rogers Branch

    (479) 426-8633

    1 in this area

    120 Total Sales

    Jesselyn Lising
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1153289

Northwest Arkansas Board of REALTORS®

APN: 12-02488-000

Arkansas Benton County Lowell 72745

2431 W Monroe Ave, Lowell, AR

Not Listed for Sale

Lots

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