NOT LISTED FOR SALE

3810 Hwy 89 S Cabot, AR 72023

Estimated Value: $123,000 - $585,447

36.46 Acres
$10,364 Price per Acre
1,588,198 Sq Ft Lot

Last Sold August 15, 2022

Last sale price $543,478

Est. 30% decrease in value since last sale

Current estimated payment $2,148/month

320 Days on Market

Highlights

  • 36.46 Acre Lot
  • Barn or Farm Building
  • 33 Acres of Pasture
  • Southside Elementary School Rated A-
  • Pasture

About This Lot

As of August 2022

Development Opportunity in Cabot! Beautiful pastureland at the corner of Hwy 89 S & Pickthorne Rd, perfect for new residential!! Located just inside Cabot city limits w/existing 6'' water main along Pickthorne & existing 4" water main along Hwy 89. Access to city sewer is possible w/extension of forced main. House & out-buildings will convey w/property, but cannot be sold separately. PLEASE DO NOT block/pull down driveway w/o previous permission. Call List Agent/Office for more info!

Last Agent to Sell the Property

Ted Arnett

Arnett Realty & Investments Listed on: 04/29/2021

Last Buyer's Agent

Jamey LaFever

PorchLight Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,006

Lot Details

  • 36.46 Acre Lot
  • Property fronts a state road
  • Lot Sloped Up
  • Cleared Lot

Farming

  • Barn or Farm Building
  • 33 Acres of Pasture
  • Pasture

Utilities

  • On Site Septic

Property Details

Property Type

Land

Est. Annual Taxes

$1,006

Lot Details

0

Listing Details

  • Restrictions: Not Surveyed
  • Class: Vacant Land
  • Inside City Limits: Yes
  • LVT Date: 04/30/2021
  • Price Per Sq Ft: 14906.14
  • Road Surface: Paved
  • Third Party Exports: Daily Record
  • Type: Acreage
  • Estimated Road Frontage: 1744
  • Price Per Acre: 15979.16
  • Sold Price Per Acre: 14906.14
  • Transportation: Highway Frontage
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage Road: State Road

Utilities

  • Utilities: Some Util Avl-Not On Prop, Water-Public, Gas-Natural, Septic On Property

Lot Info

  • Estimated Lot Size: 36.46
  • Estimated Lot Size: 1196' X 1204'
  • Lot: Sloped, Cleared, Not In Subdivision, Upslope, Pastureland
  • Farm Ranch Features: Barns/Buildings, Hay
  • Number Pasture Acres: 33
  • Number Timber Acres: 3.46
  • Geo Subdivision: AR

Tax Info

  • Annual Taxes: 1005.59
  • Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2021
Closed on
Aug 15, 2022
Sold by
Wilbur Louis Cothran Irrevocable Trust
Bought by
Lafever & Co Builders Llc
Seller's Agent
Ted Arnett
Arnett Realty & Investments
Buyer's Agent
Jamey LaFever
PorchLight Realty
List Price
$582,600
Sold Price
$543,478
Premium/Discount to List
-$39,122
-6.72%
Current Estimated Value
$377,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$165,616
Avg. Annual Appreciation
-8.77%
Original Mortgage
$407,609
Outstanding Balance
$393,312
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$18,165

Purchase Details

Closed on
Nov 23, 2015
Sold by
Irrevocab Cothran Michael J
Bought by
Cothran Michael J

Purchase Details

Closed on
Sep 9, 1987
Bought by
General Tel Co

Purchase Details

Closed on
Jan 28, 1987
Bought by
Bayou Two Water Users
Source: Public Records

Range of Values:

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Average Value
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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
Lafever & Co Builders Llc $543,478 Lenders Title Company
Cothran Michael J -- Attorney
General Tel Co $5,000 --
General Tel Co $5,000 --
Bayou Two Water Users $6,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lafever & Co Builders Llc $407,609
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2022 08/15/22 Sold $543,478 -6.7% --
03/15/2022 03/15/22 Pending -- -- --
04/29/2021 04/29/21 For Sale $582,600 -- --
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 $1,064 $20,890 $4,290 $16,600
2023 $1,064 $20,890 $4,290 $16,600
2022 $1,064 $20,890 $4,290 $16,600
2021 $1,064 $20,890 $4,290 $16,600
2020 $1,006 $19,740 $4,170 $15,570
2019 $1,006 $19,740 $4,170 $15,570
2018 $976 $19,740 $4,170 $15,570
2017 $837 $19,740 $4,170 $15,570
2016 $902 $19,740 $4,170 $15,570
2015 $753 $19,610 $4,000 $15,610
2014 $461 $19,610 $4,000 $15,610
Source: Public Records

Agents Affiliated with this Home

  • Ted Arnett

    Seller's Agent in 2022

    Ted Arnett

    Arnett Realty & Investments

    (501) 843-1515

    120 Total Sales

    Ted Arnett
    Section Image
  • Jamey LaFever

    Buyer's Agent in 2022

    Jamey LaFever

    PorchLight Realty

    (501) 281-6007

    45 Total Sales

    Jamey LaFever
    Section Image
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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 21012914

Cooperative Arkansas REALTORS® MLS

APN: 724-00137-000

Arkansas Lonoke County Cabot 72023

3810 Hwy 89 S, Cabot, AR

This home is located at 3810 Hwy 89 S, Cabot, AR 72023 since 29 April 2021 and is currently estimated at $377,862. 3810 Hwy 89 S is a home located in Lonoke County with nearby schools including Southside Elementary School, Cabot Junior High South, and Cabot Middle School South.

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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