NOT LISTED FOR SALE

405 2nd St Gravette, AR 72736

Estimated Value: $43,000 - $224,000

0.42 Acre
$256,350 Price per Acre
18,295 Sq Ft Lot

Last Sold February 01, 2022

Last sale price $25,000

Est. 331% increase in value since last sale

Current estimated payment $587/month

152 Days on Market

Highlights

  • Partially Wooded Lot
  • Trails
  • Level Lot
  • Gravette Middle School Rated A-

About This Lot

As of February 2022

Check this out! 0.42 acre lot in Gravette! Nice mostly open lot with some scattered matured trees. Good and level! Water, Sewer and Electric at street! Ready for you to build your dream home on. Located in the wonderful little community of Gravette!

Last Agent to Sell the Property

Larry Boling

Benton County Realty License #SA00039551 Listed on: 08/02/2021

Last Buyer's Agent

Larry Boling

Benton County Realty License #SA00039551 Listed on: 08/02/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $281

Lot Details

  • 0.42 Acre Lot
  • Level Lot
  • Open Lot
  • Cleared Lot
  • Partially Wooded Lot

Additional Features

  • City Lot
  • Not Connected to Sewer

Listing and Financial Details

  • Legal Lot and Block 3 / 1

Community Details

Overview

  • Wells Add Gravette Subdivision

Recreation

  • Trails

Property Details

Property Type

Land

Est. Annual Taxes

$281

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 0.42
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Subdivision Name: Wells Add Gravette
  • Directions: From the intersection of highway 59 and 72 in Gravette take 2nd Street. Follow 2nd street lot is on the right watch for signs
  • ResoPropertyType: Land
  • Property Sub Type Additional: Unimproved Land
  • Special Features: VirtualTour

Exterior Features

  • Fencing: None
  • Lot Features: Cleared, City Lot, Neighborhood, None, Open Lot, Subdivision, Level
  • Topography: Cleared,Level

Utilities

  • Sewer: Not Connected (nearby), Public Sewer
  • Utilities: Natural Gas Available, Electricity Available
  • Water Source: Not Connected (nearby), Public

Condo/Co-op/Association

  • Community Features: Trails/Paths

Schools

  • Junior High Dist: Gravette

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 93.0
  • Tax Block: 1
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2023
Sold by
Beverly Dorthy Mechelle
Bought by
Purple-Hart Cabinetry Llc
Current Estimated Value
$107,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,500
Outstanding Balance
$27,401
Interest Rate
6.76%
Mortgage Type
Credit Line Revolving
Estimated Equity
$80,266

Purchase Details

Closed on
May 1, 2023
Sold by
Land Donald
Bought by
Beverly Dorthy Mechelle

Purchase Details

Closed on
Jul 22, 2022
Sold by
Commissioner Of State Lands
Bought by
Land Donald Lee and Land Beverly Dorthy

Purchase Details

Listed on
Aug 2, 2021
Closed on
Jan 31, 2022
Sold by
Whitman Farms Inc
Bought by
Land Donald Lee and Land Beverly Dorthy
Seller's Agent
Larry Boling
Benton County Realty
Buyer's Agent
Larry Boling
Benton County Realty
List Price
$32,000
Sold Price
$25,000
Premium/Discount to List
-$7,000
-21.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.76%
Original Mortgage
$18,750
Interest Rate
2.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2014
Sold by
Kouchenbagh Sara
Bought by
Kouchenbagh Saba and Kouchenbagh Taha

Purchase Details

Closed on
Aug 22, 2011
Sold by
Kouchehbagh Sara and Kouchehbagh Saba
Bought by
Burgess Bruce

Purchase Details

Closed on
Jun 13, 2011
Sold by
Kouchebagh Hossein Y and Zamani Vahiden M
Bought by
Kouchehbagh Sara and Kouchehbagh Saba

Purchase Details

Closed on
Nov 1, 1995
Bought by
Kouchehbagh

Purchase Details

Closed on
Nov 4, 1992
Bought by
Smith

Purchase Details

Closed on
May 8, 1989
Bought by
Harmon

Purchase Details

Closed on
Feb 9, 1989
Bought by
Oneal

Purchase Details

Closed on
Oct 12, 1976
Bought by
Bates
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
Purple-Hart Cabinetry Llc $42,000 Apex Title
Purple-Hart Cabinetry Llc $42,000 Apex Title
Beverly Dorthy Mechelle -- None Listed On Document
Beverly Dorthy Mechelle -- None Listed On Document
Land Donald Lee $280 None Listed On Document
Land Donald Lee $280 None Listed On Document
Land Donald Lee $25,000 None Listed On Document
Land Donald Lee $25,000 None Listed On Document
Kouchenbagh Saba -- None Available
Kouchenbagh Saba -- None Available
Burgess Bruce $10,000 None Available
Burgess Bruce -- None Available
Burgess Bruce $10,000 None Available
Burgess Bruce -- None Available
Kouchehbagh Sara -- None Available
Kouchehbagh Sara -- None Available
Kouchehbagh -- --
Kouchehbagh -- --
Smith -- --
Smith -- --
Harmon $2,000 --
Harmon $2,000 --
Oneal $3,000 --
Oneal $3,000 --
Bates -- --
Bates -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Purple-Hart Cabinetry Llc $31,500
Previous Owner Land Donald Lee $18,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2022 02/01/22 Sold $25,000 -21.9% --
01/02/2022 01/02/22 Pending -- -- --
08/02/2021 08/02/21 For Sale $32,000 +190.9% --
07/22/2019 07/22/19 Sold $11,000 -31.3% -- View Prior Sale
07/08/2019 07/08/19 For Sale $16,000 +100.0% --
12/20/2017 12/20/17 Sold $8,000 -36.0% -- View Prior Sale
11/20/2017 11/20/17 Pending -- -- --
05/09/2017 05/09/17 For Sale $12,500 -- --
Source: Northwest 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 $281 $5,600 $5,600 --
2024 $275 $5,600 $5,600 $0
2023 $172 $3,500 $3,400 $100
2022 $111 $3,500 $3,400 $100
2021 $101 $3,500 $3,400 $100
2020 $93 $1,800 $1,800 $0
2019 $93 $1,800 $1,800 $0
2018 $93 $1,800 $1,800 $0
2017 $54 $1,800 $1,800 $0
2016 $54 $1,800 $1,800 $0
2015 $49 $1,000 $1,000 $0
2014 $49 $1,000 $1,000 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Larry Boling

    Benton County Realty

    (479) 790-5604

    53 in this area

    108 Total Sales

    Larry Boling
    Section Image

  • E

    Seller's Agent in 2017

    Ethan Tisdale

    Steve Fineberg & Associates

    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1193193

Northwest Arkansas Board of REALTORS®

APN: 11-00762-000

Arkansas Benton County Gravette 72736

405 2nd St, Gravette, AR

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