Seller's Agent in 2025
Joey Peglar
PEGLAR REAL ESTATE GROUP
(870) 421-1233
492 Total Sales
48 Lake Forest Ln Gamaliel, AR 72537
2
Beds
1.5
Baths
1,051
Sq Ft
2.96
Acres
Highlights
- Lake View
- Deck
- Lake House
- Pinkston Middle School Rated A-
- Wooded Lot
- Porch
About This Home
As of June 2025For the first time in over 40 years, this charming 2-bedroom, 1.5-bath home is available on 2.96 acres m/l with stunning panoramic views of Lake Norfork. This vintage property, offers a cozy retreat or weekend getaway filled with character. The spacious land provides plenty of room to build your dream home or expand, all while soaking in breathtaking views across from Mallard Point. Whether you’re looking for a peaceful escape or a promising investment, this lakeview property is a rare find with endless potential. Don’t miss your chance to own a piece of paradise with room to grow! *Home to be sold as is where is with the right of inspections. Lake view could be opened up to make even greater with clearing.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,078
Year Built
- Built in 1970
Lot Details
- 2.96 Acre Lot
- Property fronts a county road
- Adjoins Government Land
- Lot Has A Rolling Slope
- Wooded Lot
Home Design
- Lake House
- Slab Foundation
- Vinyl Siding
Interior Spaces
- 1,051 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Wood Burning Fireplace
- Double Pane Windows
- Window Treatments
- Vinyl Flooring
- Lake Views
- Crawl Space
- Electric Oven or Range
Bedrooms and Bathrooms
- 2 Bedrooms
Parking
- 2 Car Garage
- Attached Carport
Outdoor Features
- Deck
- Porch
Utilities
- Central Heating and Cooling System
- Cooling System Mounted To A Wall/Window
- Well
- Electric Water Heater
- Septic System
Listing and Financial Details
- Assessor Parcel Number 001-02777-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 30, 2025
Closed on
Jun 5, 2025
Sold by
Kern Timi
Bought by
Wyatt John R and Wyatt Lacey S
Seller's Agent
Joey Peglar
PEGLAR REAL ESTATE GROUP
Buyer's Agent
RANDI HALL
ERA DOTY REAL ESTATE MOUNTAIN HOME
List Price
$249,900
Sold Price
$232,000
Premium/Discount to List
-$17,900
-7.16%
Views
503
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,261
Avg. Annual Appreciation
2.93%
Original Mortgage
$208,800
Outstanding Balance
$208,264
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$27,997
Purchase Details
Closed on
Nov 4, 2022
Sold by
Zavadil Mary
Bought by
Zavadil Mary and Kern Timi
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $232,000 | Pro Land Title | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $208,800 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/05/2025 06/05/25 | Sold | $232,000 | -7.2% | $221 / Sq Ft |
| 05/01/2025 05/01/25 | Pending | -- | -- | -- |
| 04/30/2025 04/30/25 | For Sale | $249,900 | -- | $238 / Sq Ft |
Source: Mountain Home MLS (North Central Board of REALTORS®)
Tax History Compared to Growth
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 | $2,078 | $45,520 | $23,680 | $21,840 |
| 2024 | $2,078 | $45,520 | $23,680 | $21,840 |
| 2023 | $2,078 | $45,520 | $23,680 | $21,840 |
| 2022 | $2,078 | $45,520 | $23,680 | $21,840 |
| 2021 | $2,044 | $36,930 | $15,840 | $21,090 |
| 2020 | $1,686 | $36,930 | $15,840 | $21,090 |
| 2019 | $1,704 | $36,930 | $15,840 | $21,090 |
| 2018 | $1,428 | $36,930 | $15,840 | $21,090 |
| 2017 | $1,630 | $36,930 | $15,840 | $21,090 |
| 2016 | $1,638 | $37,510 | $15,840 | $21,670 |
| 2015 | $1,550 | $37,510 | $15,840 | $21,670 |
| 2014 | $1,451 | $37,510 | $15,840 | $21,670 |
Source: Public Records
Agents Affiliated with this Home
-
Joey Peglar
-
RANDI HALL
Buyer's Agent in 2025
RANDI HALL
ERA DOTY REAL ESTATE MOUNTAIN HOME
(870) 227-1017
71 Total Sales
Map
Source: Mountain Home MLS (North Central Board of REALTORS®)
MLS Number: 131307
APN: 001-02777-000
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.
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.
Nearby Homes
- 166 Cr 806
- 3166 Arkansas 101
- 4285 Arkansas 101
- 311 Cr 804
- 418 Cr 804
- 418 County Road 804
- 00211140003 Diamond Gem Place
- 18 Highway 101 Cutoff
- 133 Diamond Gem Place
- 15 Victoria Ln
- 219 Cr 819
- 6601 Highway 62 E
- 509 Baypoint Dr
- 6585 Highway 62 E
- 0 County Road 984
- TBD Concord Ln
- 212 Ridgecrest Dr
- 654 Mallard Point Rd
- 534 Oakley Rd
- 334 Forest Hills Dr