NOT LISTED FOR SALE

400 W Philadelphia Rd Jonesboro, AR 72401

Estimated Value: $64,000 - $92,000

3.07 Acres
$25,407 Price per Acre
133,729 Sq Ft Lot

Last Sold July 17, 2020

Last sale price $48,000 $5 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $435/month

73 Days on Market

Highlights

  • 3.07 Acre Lot
  • Landscaped with Trees
  • Livestock

About This Lot

As of July 2020

Under $20,000 an acre and on CWL in Jonesboro is nearly impossible to find! 400 W Philadelphia is 3.07 acres on CWL for under $20,000 an acre! Plus, there's a $3,000 SALES BONUS, at closing, to the selling firm that presents an accepted offer. This area is incredibly quiet, scenic, and is still less than 5 minutes from Downtown Jonesboro. It has already successfully perc tested for a septic tank, and the test and survey are both available upon request. The new construction must be at least 1,800 H&C sq. ft. on the main floor and 2,600 for 2 stories, the property cannot be subdivided, only one home can be built on the lot, cattle cannot be raised on the property, and the exterior must consist of 75% of brick and/or stone. If you're viewing this on Zillow, Trulia, etc. and don't have a REALTOR, then we can instantly REDUCE the price by the $3,000 sales bonus! Feel free to walk the property any time! If you're looking for peace and quiet and less than 5 minutes from Downtown Jonesboro, then 400 W Philadelphia is PERFECT for you!!! This property features 3.07 acres that's on CW&L for water and electric and has already been approved for a perc test. It would be the perfect location to build your home and is priced less than $20k/acre which is rare for Jonesboro. Sellers are both licensed Arkansas REALTORS®. Survey and perc test can be emailed upon request.

Last Agent to Sell the Property

MAGGIE BARNES

Local Real Estate Company License #00084682 Listed on: 02/08/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $277

Lot Details

  • 3.07 Acre Lot
  • Landscaped with Trees

Schools

  • Jonesboro Magnet Elementary School
  • Annie Camp Middle School

Additional Features

  • Livestock
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 01-154312-00210

Property Details

Property Type

Land

Est. Annual Taxes

$277

Lot Details

0

Listing Details

  • Type: Vacant Land
  • Property Sub Type: Acreage
  • Legal Description: See Associated Docs
  • Special Features: None
  • Stories: 0

Exterior Features

  • Flood Zone: No
  • Road Surface Access: Paved

Utilities

  • Electric Features: CW&L
  • Sewer Septic: Septic
  • Water Supply: City

Condo/Co-op/Association

  • Association: nearkansas

Lot Info

  • Acres: 3.0700
  • Lot Measurement: A
  • Lot Size Sq Ft: 133729.00
  • Price Per Acre: 15635.18
  • Land Type: Residential/Single Family
  • Lot Description: Shade Trees

Tax Info

  • Assessor Parcel Number: 01-154312-00210

MLS Schools

  • Elementary School: Jonesboro Magnet
  • Jr High School: Annie Camp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2020
Closed on
Aug 3, 2020
Sold by
Barnes Garrett and Barnes Margaret
Bought by
Wood Travis Lee and Wood Kelly Marie
Seller's Agent
MAGGIE BARNES
Local Real Estate Company
List Price
$59,900
Sold Price
$48,000
Premium/Discount to List
-$11,900
-19.87%
Current Estimated Value
$78,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,000
Avg. Annual Appreciation
9.50%
Original Mortgage
$50,000
Outstanding Balance
$35,106
Interest Rate
2.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$42,894

Purchase Details

Listed on
Oct 16, 2018
Closed on
Apr 24, 2019
Sold by
Curtner Custom Contracting Llc
Bought by
Barnes Garrett and Barnes Margaret
Seller's Agent
DALTAN LOVELL
Coldwell Banker/Village Comm
Buyer's Agent
Garrett Barnes
Local Real Estate Company
List Price
$50,000
Sold Price
$43,000
Premium/Discount to List
-$7,000
-14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.20%
Original Mortgage
$43,000
Interest Rate
4%
Mortgage Type
New Conventional
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
Wood Travis Lee $48,000 None Available
Barnes Garrett $43,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wood Travis Lee $50,000
Previous Owner Barnes Garrett $43,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/17/2020 07/17/20 Sold $48,000 -19.9% $5 / Sq Ft
04/21/2020 04/21/20 Pending -- -- --
02/08/2020 02/08/20 For Sale $59,900 +39.3% $6 / Sq Ft
04/19/2019 04/19/19 Sold $43,000 -14.0% $4 / Sq Ft View Prior Sale
03/21/2019 03/21/19 Pending -- -- --
10/17/2018 10/17/18 For Sale $50,000 -- $5 / Sq Ft
Source: Northeast Arkansas Board of REALTORS®

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 $277 $6,570 $6,570 --
2024 $277 $6,570 $6,570 $0
2023 $271 $6,570 $6,570 $0
2022 $271 $6,570 $6,570 $0
2021 $277 $6,570 $6,570 $0
2020 $277 $6,570 $6,570 $0
2019 $277 $6,570 $6,570 $0
2018 $277 $6,570 $6,570 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    MAGGIE BARNES

    Local Real Estate Company

    Section Image

  • D

    Seller's Agent in 2019

    DALTAN LOVELL

    Coldwell Banker/Village Comm

    Section Image

  • G

    Buyer's Agent in 2019

    Garrett Barnes

    Local Real Estate Company

    Section Image
See All Agents

Map

Source: Northeast Arkansas Board of REALTORS®

MLS Number: 10085066

Northeast Arkansas Board of REALTORS®

APN: 01-154312-00210

Arkansas Craighead County Jonesboro 72401

400 W Philadelphia Rd, Jonesboro, AR

Not Listed for Sale

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Northeast Arkansas Board of REALTORS® 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. Information is deemed reliable but not guaranteed.

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