NOT LISTED FOR SALE

5006 Mount Olive Rd Melbourne, AR 72556

Estimated Value: $227,000 - $288,600

3 Beds
1 Bath
1,696 Sq Ft
$155/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $190,000 $112 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,415/month

248 Days on Market

Highlights

  • 31.4 Acre Lot
  • Mountain View
  • Wood Burning Stove
  • River Nearby
  • Deck
  • Barn or Farm Building

About This Home

As of January 2022

This home sits on 31 acres with a great view of the mountains! Located only 1 mile from the White River. The home features an open floor plan with vaulted ceilings, recently updated kitchen with custom oak cabinets & granite countertops, & a large master bedroom with two walk in closets. There is a large back deck, 2 car garage, basement area with extra storage, 30x50 shop, a barn, small wet weather creek, and several thousand pine trees that were planted 20 years ago to be harvested. Call for more info

Last Agent to Sell the Property

Brandy Corter

Re/Max Edge Realty Melbourne Listed on: 05/25/2021

Re/Max Edge Realty Melbourne

Last Buyer's Agent

Brandy Corter

Re/Max Edge Realty Melbourne Listed on: 05/25/2021

Re/Max Edge Realty Melbourne

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,051

Year Built

  • Built in 1971

Lot Details

  • 31.4 Acre Lot
  • Sloped Lot
  • Wooded Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Rock and Frame
  • Metal Roof
  • Stucco Exterior

Interior Spaces

  • 1,696 Sq Ft Home
  • 1-Story Property
  • Paneling
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Screened Porch
  • Carpet
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Electric Range
  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Unfinished Basement

  • Walk-Out Basement
  • Interior Basement Entry
  • Crawl Space

Outdoor Features

  • River Nearby
  • Deck
  • Outdoor Storage
  • Shop

Farming

  • Barn or Farm Building

Utilities

  • Central Heating and Cooling System
  • Co-Op Electric
  • Propane
  • Well
  • Electric Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,051

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Class: Residential
  • Style: Traditional
  • Ext Features: Deck, Screened Porch, Outside Storage Area, Shop
  • LVT Date: 05/25/2021
  • Road Surface: Paved
  • Third Party Exports: Daily Record
  • Type: Detached
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Estimated Year Built: 1971
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1971

Interior Features

  • Dining Room: Breakfast Bar
  • Fireplace: Woodburning-Stove
  • Bedrooms: Guest Bedroom Apart, Primary Bedroom Apart, 3 Bedrooms Same Level
  • Estimated Sq Ft: 1696
  • Basement: Inside Access, Outside Access/Walk-Out, Unfinished
  • Bedrooms: 3
  • Floors: Carpet
  • Foundation: Crawl Space, Slab
  • Full Bathrooms: 1
  • Interiors: Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Walk-In Closet(s), Ceiling Fan(s), Breakfast Bar
  • Kitchen Equip: Free-Standing Stove, Electric Range, Dishwasher, Pantry
  • Other Rooms: Laundry, Basement
  • Stories: One Story
  • Walls Ceilings: Paneling, Vault Ceiling

Exterior Features

  • Exterior: Stucco, Rock & Frame
  • Roof: Metal

Garage/Parking

  • Parking: Garage, Two Car, Detached

Utilities

  • Utilities: Well, Electric-Co-Op, Gas-Propane/Butane
  • Heat Air: Central Cool-Electric, Central Heat-Gas

Lot Info

  • Estimated Lot Size: 31.4
  • Estimated Lot Size: 31.4
  • Farmranch: Barns/Buildings
  • Lot: Sloped, Wooded, Not In Subdivision, River/Lake Area, Mountain View
  • Geo Subdivision: AR

Tax Info

  • Annual Taxes: 1051
  • Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2021
Closed on
Jan 27, 2022
Sold by
Campbell Clark E
Bought by
Lane Stephen and Lane Samantha
Seller's Agent
Brandy Corter
Re/Max Edge Realty Melbourne
Buyer's Agent
Brandy Corter
Re/Max Edge Realty Melbourne
List Price
$249,900
Sold Price
$190,000
Premium/Discount to List
-$59,900
-23.97%
Current Estimated Value
$262,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,150
Avg. Annual Appreciation
8.40%

Purchase Details

Closed on
Nov 9, 2021
Sold by
Campbell Clark E and Campbell Betty J
Bought by
Campbell Clark E and Campbell Betty J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Lane Stephen -- Bray Eric
Lane Stephen -- Bray Eric
Campbell Clark E -- None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2022 01/28/22 Sold $190,000 -9.5% $112 / Sq Ft
11/30/2021 11/30/21 Price Changed $210,000 -12.5% $124 / Sq Ft
07/06/2021 07/06/21 Price Changed $239,900 -4.0% $141 / Sq Ft
05/25/2021 05/25/21 For Sale $249,900 -- $147 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

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 $621 $24,420 $1,510 $22,910
2024 $721 $24,420 $1,510 $22,910
2023 $1,221 $24,420 $1,510 $22,910
2022 $679 $24,420 $1,510 $22,910
2021 $679 $24,420 $1,510 $22,910
2020 $1,051 $21,910 $1,320 $20,590
2019 $680 $21,910 $1,320 $20,590
2018 $705 $21,910 $1,320 $20,590
2017 $1,051 $21,910 $1,320 $20,590
2016 $705 $21,910 $1,320 $20,590
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $21,020 $1,520 $19,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 21016033

Cooperative Arkansas REALTORS® MLS

APN: 001-07403-000