NOT LISTED FOR SALE

502 NE 1st Ave (Hwy 59) Gravette, AR 72736

Estimated Value: $110,742

0.69 Acre
$160,496 Price per Acre
30,056 Sq Ft Lot

Last Sold April 30, 2024

Last sale price $210,000

Est. 47% decrease in value since last sale

Current estimated payment $674/month

72 Days on Market

Highlights

  • 0.69 Acre Lot
  • Corner Lot
  • Partially Fenced Property
  • Gravette Middle School Rated A-

About This Lot

As of April 2024

The development possibilities are unlimited for this 0.69 of an acre Commercial Lot with highway frontage. Located in Gravette, AR and only 5 miles to the entrance of Interstate 49. This level, cleared, corner lot has access to both AR Hwy 59 and Detroit Street, one of the busier streets in Gravette. The potential options for this property are endless. Perfect for another new fast food restaurant, C-Store, strip shopping center, food truck court or an entrepreneur's newest endeavor. Currently zoned C-2 Commercial. Boundary lines on pictures are estimates, not an actual survey.

Last Agent to Sell the Property

Keith Truitt

Keller Williams Market Pro Realty - Siloam Springs License #SA00088464 Listed on: 01/20/2024

Keller Williams Market Pro Realty - Siloam Springs

Last Buyer's Agent

Christopher Brandon

The Brandon Group License #EB00078421

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $882

Lot Details

  • 0.69 Acre Lot
  • Property fronts a highway
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Open Lot
  • Cleared Lot
  • Zoning described as Commercial

Additional Features

  • City Lot
  • Not Connected to Sewer

Property Details

Property Type

Land

Est. Annual Taxes

$882

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 0.69
  • Road Frontage Type: Highway, Main Thoroughfare, Public Road
  • Road Surface Type: Paved
  • Directions: Property is 0.3 of a mile North on Hwy 59 from the 4-way stop in Gravette, Arkansas. The property is on the East side of the highway at the corner of Detroit St NE.
  • ResoPropertyType: Land
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Commercial

Exterior Features

  • Fencing: Partial
  • Lot Features: Central Business District, Cleared, Corner Lot, City Lot, Not In Subdivision, None, Open Lot, Level
  • Topography: Cleared,Level
  • Waterfront Features: None

Utilities

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

Schools

  • Junior High Dist: Gravette

Lot Info

  • Zoning Description: Commercial
  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 882.0
  • Tax Block: -
  • Tax Lot: -

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2024
Closed on
May 1, 2024
Sold by
Mcclain Matthew and Mcclain Meagan
Bought by
Jenkuna Llc
Seller's Agent
Keith Truitt
Keller Williams Market Pro Realty - Siloam Springs
Buyer's Agent
Christopher Brandon
The Brandon Group
List Price
$249,000
Sold Price
$210,000
Premium/Discount to List
-$39,000
-15.66%
Views
29
Current Estimated Value
$110,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$99,258
Avg. Annual Appreciation
-39.55%
Original Mortgage
$168,000
Outstanding Balance
$54,158
Interest Rate
6.87%
Mortgage Type
Construction
Estimated Equity
$55,005

Purchase Details

Closed on
Nov 18, 2020
Sold by
Jazne Louis Kirby Revocable Trust
Bought by
Mcclain Matthew and Mcclain Meagan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2010
Sold by
Harvey Berl Leon and Harvey Janet
Bought by
Kirby Louis and Kirby Evalyn

Purchase Details

Closed on
Nov 22, 1999
Bought by
Harvey

Purchase Details

Closed on
Sep 27, 1999
Bought by
Harvey

Purchase Details

Closed on
Aug 31, 1999
Bought by
Nw Natl Bank

Purchase Details

Closed on
Jul 23, 1996
Bought by
Fletcher

Purchase Details

Closed on
Oct 18, 1984
Bought by
Duncan
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
Jenkuna Llc $210,000 Realty Title
Mcclain Matthew $80,000 Realty Ttl & Closing Svcs Ll
Kirby Louis $37,001 None Available
Harvey -- --
Harvey $75,000 --
Nw Natl Bank -- --
Fletcher $75,000 --
Duncan $42,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jenkuna Llc $168,000
Previous Owner Mcclain Matthew $60,000
Previous Owner Harvey Berl Leon $126,338
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2024 04/30/24 Sold $210,000 -15.7% --
04/02/2024 04/02/24 Pending -- -- --
01/20/2024 01/20/24 For Sale $249,000 -- --
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
2024 $840 $17,132 $17,132 $0
2023 $840 $17,130 $17,130 $0
2022 $882 $17,130 $17,130 $0
2021 $875 $17,130 $17,130 $0
2020 $883 $17,130 $17,130 $0
2019 $883 $17,130 $17,130 $0
2018 $883 $17,130 $17,130 $0
2017 $970 $17,130 $17,130 $0
2016 $970 $17,130 $17,130 $0
2015 $970 $19,670 $19,670 $0
2014 $970 $19,670 $19,670 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Keith Truitt

    Keller Williams Market Pro Realty - Siloam Springs

    (479) 718-2800

    2 in this area

    43 Total Sales

    Section Image
  • Christopher Brandon

    Buyer's Agent in 2024

    Christopher Brandon

    The Brandon Group

    (479) 787-0088

    6 in this area

    115 Total Sales

    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1264415

Northwest Arkansas Board of REALTORS®

APN: 11-00072-000

Arkansas Benton County Gravette 72736

502 NE 1st Ave (Hwy 59), Gravette, AR

This home is located at 502 NE 1st Ave (Hwy 59), Gravette, AR 72736 since 20 January 2024 and is currently estimated at $110,742. 502 NE 1st Ave (Hwy 59) is a home located in Benton County with nearby schools including Glenn Duffy Elementary School, Gravette Upper Elementary School, and Gravette Middle School.

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.

Northwest 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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