NOT LISTED FOR SALE

291 Bone Island Rd Melbourne, AR 72556

Estimated Value: $35,000 - $246,000

2 Beds
1 Bath
672 Sq Ft
$194/Sq Ft Est. Value

Last Sold September 24, 2024

Last sale price $34,500 $51 Per Sq Ft

Est. 278% increase in value since last sale

Current estimated payment $713/month

Highlights

  • Wooded Lot
  • Wood Flooring
  • 1-Story Property
  • Traditional Architecture
  • Paneling
  • Combination Kitchen and Dining Room

About This Home

As of September 2024

2 Bedroom, 1 bath cabin on 3.48 acres in Mount Olive! The property is all wooded with beautiful trees! Great size porch with a screened in area and storage building. Cabin does have power but no well. BEING SOLD AS IS.

Last Agent to Sell the Property

Brandy Corter

Re/Max Edge Realty Melbourne Listed on: 09/12/2024

Re/Max Edge Realty Melbourne

Last Buyer's Agent

Brandy Corter

Re/Max Edge Realty Melbourne Listed on: 09/12/2024

Re/Max Edge Realty Melbourne

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $413

Lot Details

  • 3.48 Acre Lot
  • Level Lot
  • Wooded Lot

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 672 Sq Ft Home
  • 1-Story Property
  • Paneling
  • Combination Kitchen and Dining Room
  • Crawl Space

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • No Cooling
  • Co-Op Electric

Home Details

Home Type

Single Family

Est. Annual Taxes

$413

Lot Details

0

Listing Details

  • Class: Residential
  • Style: Traditional
  • LVT Date: 09/19/2024
  • Road Surface: Gravel
  • Third Party Exports: Daily Record
  • Type: Detached
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Internet Type: Internet-Fiber
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room: Kitchen/Dining Combo
  • Bedrooms: 2 Bedrooms Same Level
  • Estimated Sq Ft: 672
  • Bedrooms: 2
  • Floors: Wood, Laminate
  • Foundation: Crawl Space
  • Full Bathrooms: 1
  • Kitchen Equip: Refrigerator-Stays
  • Stories: One Story
  • Walls Ceilings: Paneling

Exterior Features

  • Exterior: Wood
  • Roof: Composition

Garage/Parking

  • Parking: Two Car

Utilities

  • Utilities: Electric-Co-Op
  • Heat Air: No Cooling

Lot Info

  • Estimated Lot Size: 3.48
  • Estimated Lot Size: 3.48
  • Lot: Level, Wooded
  • Geo Subdivision: AR

Tax Info

  • Annual Taxes: 413
  • Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2024
Closed on
Nov 19, 2024
Sold by
Caraway Kohl and Caraway Emma
Bought by
Bishop Allen
Seller's Agent
Brandy Corter
Re/Max Edge Realty Melbourne
Buyer's Agent
Brandy Corter
Re/Max Edge Realty Melbourne
List Price
$39,900
Sold Price
$34,500
Premium/Discount to List
-$5,400
-13.53%
Views
2
Current Estimated Value
$130,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,041
Avg. Annual Appreciation
187.52%

Purchase Details

Closed on
Feb 3, 2023
Sold by
Shipman Michael W and Shipman Shelly S
Bought by
Smith Jeffery and Smith Teresa

Purchase Details

Closed on
Dec 27, 2021
Sold by
Scott Dibrell Fredrick and Scott Kelly M
Bought by
Shipman Michael W and Shipman Shelley S
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
Bishop Allen $50,000 Izard County Abstract
Bishop Allen $50,000 Izard County Abstract
Smith Jeffery $50,000 --
Smith Jeffery $58,000 --
Smith Jeffery $58,000 None Listed On Document
Shipman Michael W -- Bray Eric
Shipman Michael W -- Bray Eric
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2024 09/24/24 Sold $34,500 -13.5% $51 / Sq Ft
09/12/2024 09/12/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $39,900 -- $59 / Sq Ft
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 $345 $6,900 $1,080 $5,820
2024 $345 $6,900 $1,080 $5,820
2023 $345 $6,900 $1,080 $5,820
2022 $345 $6,900 $1,080 $5,820
2021 $345 $6,900 $1,080 $5,820
2020 $315 $6,300 $1,080 $5,220
2019 $315 $6,300 $1,080 $5,220
2018 $315 $6,300 $1,080 $5,220
2017 $315 $6,300 $1,080 $5,220
2016 $315 $6,300 $1,080 $5,220
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $6,190 $1,080 $5,110
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2024

    Brandy Corter

    RE/MAX

    (870) 373-4009

    312 Total Sales

    Brandy Corter
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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 24034499

Cooperative Arkansas REALTORS® MLS

APN: 013-00034-000

Arkansas Izard County Melbourne 72556

291 Bone Island Rd, Melbourne, AR

Not Listed for Sale

Detached

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