NOT LISTED FOR SALE

5045 Madison 5185 Elkins, AR 72727

Estimated Value: $96,360 - $197,000

20 Acres
$7,254 Price per Acre
871,200 Sq Ft Lot

Last Sold July 09, 2018

Last sale price $55,000

Est. 164% increase in value since last sale

Current estimated payment $769/month

199 Days on Market

Highlights

  • Secluded Lot
  • Wooded Lot
  • Partially Fenced Property

About This Lot

As of July 2018

Ready to get Rural? Here it is! Lots of wildlife, privacy, with utilities on property! Propane tank, Septic tank, Spring with holding tank, Rural Water, cross the White river to get to the property - nice place to swim & fish! Close to Elkins and all the city conveniences - grocery stores, restaurants, pharmacies, hardware stores & much more! Property has 1152 sf house on it & shop building on it as well but both are sold AS-IS. All the property needs is You!

Last Agent to Sell the Property

Brenda Lee

Keller Williams Market Pro Realty Branch Office License #EB00054665 Listed on: 11/21/2017

Keller Williams Market Pro Realty Branch Office

Last Buyer's Agent

Brenda Lee

Keller Williams Market Pro Realty Branch Office License #EB00054665 Listed on: 11/21/2017

Keller Williams Market Pro Realty Branch Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $140

Lot Details

  • 20 Acre Lot
  • Property fronts a county road
  • Rural Setting
  • Partially Fenced Property
  • Wire Fence
  • Secluded Lot
  • Sloped Lot
  • Wooded Lot
  • Landscaped with Trees

Utilities

  • Propane
  • Water Tap Fee Is Paid
  • Septic Tank

Additional Features

  • Outside City Limits
  • Mobile Home Allowed

Property Details

Property Type

Land

Est. Annual Taxes

$140

Lot Details

0

Listing Details

  • Property Sub Type: Recreation
  • Prop. Type: Land
  • Lot Size Acres: 20.0
  • Road Frontage Type: County Road
  • Road Surface Type: Gravel
  • Subdivision Name: NONE
  • Directions: From Elkins go east on Hwy 16 to just past Pig Trail Café. Turn left on Madison CR 5430, for 5.3 mi. to Madison CR 5185, then run onto another road that is the drive way. Watch for signs that say Pinnacle Community Watch Program. This property won't GPS.
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • Possible Use: Recreational

Exterior Features

  • Fencing: Partial, Wire
  • Lot Features: Hardwood Trees, Mobile Home Allowed, Not In Subdivision, Outside City Limits, Recreational, Rural Lot, Secluded, Wooded
  • Topography: Sloping

Utilities

  • Electricity On Property: Yes
  • Sewer: Septic Tank
  • Utilities: Propane, Electricity Available
  • Water Source: Rural, Water Tap Paid

Schools

  • Junior High Dist: Huntsville

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 140.0
  • Tax Block: 0
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2024
Sold by
Justus James L and Justus Betsy E
Bought by
Justus Family Trust and Justus
Current Estimated Value
$145,090

Purchase Details

Listed on
Nov 21, 2017
Closed on
Jul 9, 2018
Sold by
Brawner Jesse H and Brawner Lois J
Bought by
Justus James and Justus Betsy
Seller's Agent
Brenda Lee
Keller Williams Market Pro Realty Branch Office
Buyer's Agent
Brenda Lee
Keller Williams Market Pro Realty Branch Office
List Price
$67,500
Sold Price
$55,000
Premium/Discount to List
-$12,500
-18.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.05%
Original Mortgage
$41,250
Interest Rate
4.6%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Justus Family Trust -- None Listed On Document
Justus James $55,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Justus James $41,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2018 07/09/18 Sold $55,000 -18.5% --
06/09/2018 06/09/18 Pending -- -- --
11/21/2017 11/21/17 For Sale $67,500 -- --
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 $30 $670 $440 $230
2024 $30 $670 $440 $230
2023 $33 $650 $420 $230
2022 $142 $3,070 $1,020 $2,050
2021 $142 $3,070 $1,020 $2,050
2020 $152 $3,290 $1,360 $1,930
2019 $152 $3,290 $1,360 $1,930
2018 $139 $3,290 $1,360 $1,930
2017 $135 $3,290 $1,360 $1,930
2016 $140 $3,290 $1,360 $1,930
2015 $153 $3,630 $1,700 $1,930
2014 -- $3,630 $1,700 $1,930
2013 -- $3,630 $1,700 $1,930
Source: Public Records

Agents Affiliated with this Home

  • Brenda Lee

    Seller's Agent in 2018

    Brenda Lee

    Keller Williams Market Pro Realty Branch Office

    (479) 236-0398

    98 Total Sales

    Brenda Lee
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1065714

Northwest Arkansas Board of REALTORS®

APN: 001-05880-000

Arkansas Madison County Elkins 72727

5045 Madison 5185, Elkins, AR

Not Listed for Sale

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