NOT LISTED FOR SALE

2505 Salem Rd Conway, AR 72032

Downtown Conway Neighborhood

Estimated Value: $6,059,488

6.83 Acres
$887,187 Price per Acre
297,515 Sq Ft Lot

Last Sold September 02, 2020

Last sale price $375,650

Est. 1,513% increase in value since last sale

Current estimated payment $36,700/month

282 Days on Market

Highlights

  • 6.83 Acre Lot
  • Julia Lee Moore Elementary School Rated A
  • Level Lot

About This Lot

As of September 2020

Sold Before Listed

Last Agent to Sell the Property

Mitch Hart

Dunaway and Hart, Inc. Listed on: 10/26/2019

Last Buyer's Agent

Mitch Hart

Dunaway and Hart, Inc. Listed on: 10/26/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $300

Lot Details

  • 6.83 Acre Lot
  • Level Lot
  • Property is zoned C-2

Property Details

Property Type

Land

Est. Annual Taxes

$300

Lot Details

0

Listing Details

  • Class: Vacant Land
  • Inside City Limits: Yes
  • LVT Date: 09/08/2020
  • Price Per Sq Ft: 55000
  • Road Surface: Paved
  • Street Designation: Road
  • Type: Commercial Lot
  • Zoning: C-2
  • Price Per Acre: 55000
  • Sold Price Per Acre: 55000
  • Transportation: Near Interstate
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage Road: City Street

Utilities

  • Utilities: Some Util Avl-Not On Prop

Lot Info

  • Estimated Lot Size: 6.83
  • Estimated Lot Size: 6.83 AC
  • Lot: Sloped, Level
  • Geo Subdivision: AR

Tax Info

  • Annual Taxes: 300

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2025
Sold by
Nsa Property Holdings Llc
Bought by
Fultonbsh Cwar I Llc
Current Estimated Value
$6,059,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,950,000
Outstanding Balance
$20,361,393
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
-$14,301,905
Source: Public Records

Range of Values:

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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
Fultonbsh Cwar I Llc $6,440,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fultonbsh Cwar I Llc $20,950,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2020 09/02/20 Sold $375,650 0.0% --
08/03/2020 08/03/20 Pending -- -- --
10/26/2019 10/26/19 For Sale $375,650 -- --
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
2024 $54,882 $1,137,470 $74,680 $1,062,790
2023 $49,893 $986,020 $74,680 $911,340
2022 $36,536 $74,680 $74,680 $0
2021 $3,779 $74,680 $74,680 $0
Source: Public Records

Agents Affiliated with this Home

  • Mitch Hart

    Seller's Agent in 2020

    Mitch Hart

    Dunaway and Hart, Inc.

    (501) 339-7763

    1 in this area

    44 Total Sales

    Mitch Hart
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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 20028272

Cooperative Arkansas REALTORS® MLS

APN: 710-08750-001

Arkansas Faulkner County Conway 72032 Downtown Conway

2505 Salem Rd, Conway, AR

This home is located at 2505 Salem Rd, Conway, AR 72032 since 26 October 2019 and is currently estimated at $6,059,488. 2505 Salem Rd is a home located in Faulkner County with nearby schools including Julia Lee Moore Elementary School, Conway Junior High School, and Conway High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cooperative Arkansas REALTORS® MLS 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.

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