NOT LISTED FOR SALE

291 Cardinal Ln Cabot, AR 72023

Estimated Value: $57,839 - $112,000

Studio
-- Bath
-- Sq Ft
2 Acres

Last Sold July 25, 2023

Last sale price $85,000

Est. 5% decrease in value since last sale

Current estimated payment $438/month

181 Days on Market

About This Home

As of July 2023

Attention all Investors .... 2 Acres zoned for multi-family housing with sewer and water on property. Owner of the lots is a builder and will build to suit or bring your own builder. Survey available in associated documents.

Last Agent to Sell the Property

Barbara Swesey

Adkins & Associates Real Estate Listed on: 01/25/2023

Last Buyer's Agent

Ted Arnett

Arnett Realty & Investments

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $244

Lot Details

  • 2 Acre Lot
  • Level Lot

Home Design

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$244

Lot Details

0

Listing Details

  • Restrictions: Mobiles Not Allowed
  • Class: Vacant Land
  • Inside City Limits: Yes
  • LVT Date: 01/25/2023
  • Road Surface: Paved
  • Street Designation: Lane
  • Type: Multi-Family Lot
  • Per Acre Price: 47500
  • Sold Price Per Acre: 42500
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Frontage Road: City Street

Utilities

  • Utilities: Sewer-Public, Water-Public

Lot Info

  • Estimated Lot Size: 2
  • Estimated Lot Size: 239.66x358.75x234.40x374.04
  • Lot: Level
  • Geo Subdivision: AR

Tax Info

  • Annual Taxes: 244.32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2025
Sold by
Community Living Inc
Bought by
Arkansas Enterprises For The Developmentally
Current Estimated Value
$80,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,529,514
Outstanding Balance
$1,521,716
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
-$1,441,006

Purchase Details

Listed on
Jan 25, 2023
Closed on
Jul 25, 2023
Sold by
Rqm Llc
Bought by
Community Living Inc
Seller's Agent
Barbara Swesey
Adkins & Associates Real Estate
Buyer's Agent
Ted Arnett
Arnett Realty & Investments
List Price
$95,000
Sold Price
$85,000
Premium/Discount to List
-$10,000
-10.53%
Views
103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.07%

Purchase Details

Listed on
Jan 25, 2022
Closed on
Mar 1, 2022
Sold by
Deerly Designed Properties Llc
Bought by
Rqm Llc
Seller's Agent
Gina Myers-Gunderman
Michele Phillips & Company, Realtors-Cabot Branch
Buyer's Agent
Barbara Swesey
Adkins & Associates Real Estate
List Price
$47,900
Sold Price
$50,000
Premium/Discount to List
$2,100
4.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.09%
Original Mortgage
$50,000
Interest Rate
3.69%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 28, 2009
Sold by
Blakely Kevin and Blakely Bonnie
Bought by
Garay Pedro

Purchase Details

Closed on
Jan 20, 2006
Bought by
Blakely and Blakely Wf

Purchase Details

Closed on
Jan 13, 2006
Bought by
Blakely and Blakely Wf

Purchase Details

Closed on
May 20, 1985
Bought by
Prior and Wife Dena

Purchase Details

Closed on
Mar 16, 1982
Bought by
John Moore
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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Purchase History

Date Buyer Sale Price Title Company
Arkansas Enterprises For The Developmentally -- Professional Land Title Compan
Community Living Inc $85,000 Realty Title
Rqm Llc $50,000 Lenders Title Company
Garay Pedro -- --
Blakely $22,000 --
Blakely $22,000 --
Prior $7,000 --
John Moore $6,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arkansas Enterprises For The Developmentally $1,529,514
Previous Owner Rqm Llc $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/25/2023 07/25/23 Sold $85,000 -10.5% --
01/25/2023 01/25/23 For Sale $95,000 +90.0% --
02/28/2022 02/28/22 Sold $50,000 +4.4% -- View Prior Sale
01/25/2022 01/25/22 For Sale $47,900 -- --
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 $244 $4,800 $4,800 --
2023 $244 $4,800 $4,800 $0
2022 $244 $4,800 $4,800 $0
2021 $244 $4,800 $4,800 $0
2020 $244 $4,800 $4,800 $0
2019 $244 $4,800 $4,800 $0
2018 $237 $4,800 $4,800 $0
2017 $220 $4,800 $4,800 $0
2016 $237 $4,800 $4,800 $0
2015 $237 $4,800 $4,800 $0
2014 $237 $4,800 $4,800 $0
Source: Public Records

Agents Affiliated with this Home

  • Barbara Swesey

    Seller's Agent in 2023

    Barbara Swesey

    Adkins & Associates Real Estate

    (501) 681-6844

    104 Total Sales

    Barbara Swesey
    Section Image
  • Ted Arnett

    Buyer's Agent in 2023

    Ted Arnett

    Arnett Realty & Investments

    (501) 843-1515

    113 Total Sales

    Ted Arnett
    Section Image
  • Gina Myers-Gunderman

    Seller's Agent in 2022

    Gina Myers-Gunderman

    Michele Phillips & Company, Realtors-Cabot Branch

    (501) 628-1888

    277 Total Sales

    Gina Myers-Gunderman
    Section Image

  • T

    Seller Co-Listing Agent in 2022

    Terry Keck

    Michele Phillips & Company, Realtors-Cabot Branch

    (501) 259-5211

    232 Total Sales

    Terry Keck
    Section Image
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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 23002567

Cooperative Arkansas REALTORS® MLS

APN: 728-00209-000

Arkansas Lonoke County Cabot 72023

291 Cardinal Ln, Cabot, AR

Not Listed for Sale

MultiFamily

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