NOT LISTED FOR SALE

507 Madison 5189 Elkins, AR 72727

Estimated Value: $1,040,000 - $1,518,000

6 Beds
4.5 Baths
6,000 Sq Ft
$216/Sq Ft Est. Value

Last Sold October 13, 2020

Last sale price $940,000 $157 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,390/month

134 Days on Market

Highlights

  • Guest House
  • Home fronts a creek
  • Fireplace in Bedroom
  • Barn
  • 97.48 Acre Lot
  • Deck

About This Home

As of October 2020

Black Bear Ridge Lodge is a spectacular private estate sitting on nearly 98 acres with custom lodge home that's 4950 sqft + 800 sqft guest house with 2 bed/1 bath + bunkhouse with small kitchen and bath all located in the spectacular Ozark Mountains. Enjoy the panoramic views from 2500 sqft of deck space with outdoor fireplace at the main house. This one of a kind property features a pond + creek, spacious 2 level barn with 3 horse stalls + 600 sq ft workshop, hiking trails, and established wildlife and hunting areas with viewing blind. Stunning main home features custom, high end finishes - JELD-WYN windows and doors, Culligan water softener and reverse osmosis system on drinking water from fridge to ice machine throughout home, local rock fireplace, soapstone countertops, custom-built hickory cabinets and dining room table, 2nd living area downstairs with ensuite, kitchenette, and living area with fireplace. Possibilities are endless - company retreats, wedding venue, or hunting lodge. You won’t want to miss out!

Last Agent to Sell the Property

The Limbird Team

Limbird Real Estate Group Listed on: 05/01/2020

Last Buyer's Agent

The Limbird Team

Limbird Real Estate Group Listed on: 05/01/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,987

Year Built

  • Built in 2007

Lot Details

  • 97.48 Acre Lot
  • Home fronts a creek
  • Home fronts a pond
  • Property fronts a county road
  • Rural Setting
  • Partially Fenced Property
  • Secluded Lot
  • Wooded Lot
  • Landscaped with Trees
  • Zoning described as Agricultural

Home Design

  • House
  • Cabin
  • Metal Roof

Interior Spaces

  • 6,000 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Family Room with Fireplace
  • 3 Fireplaces
  • Wood Flooring
  • Fire and Smoke Detector
  • Property Views

Kitchen

  • Double Self-Cleaning Oven
  • Propane Cooktop
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Bedroom
  • Split Bedroom Floorplan
  • Walk-In Closet

Basement

  • Walk-Out Basement
  • Partial Basement
  • Crawl Space

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Outdoor Fireplace
  • Separate Outdoor Workshop
  • Storm Cellar or Shelter

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Propane
  • Electric Water Heater
  • Septic Tank
  • Phone Available

Additional Features

  • Guest House
  • Outside City Limits
  • Barn

Community Details

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,987

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Sub Type: Cabin
  • Prop. Type: Residential
  • Lot Size Acres: 97.48
  • Road Frontage Type: County Road, Public Road
  • Road Surface Type: Gravel
  • Subdivision Name: -
  • Directions: From Crossover (Hwy 265) and Huntsville Rd (Hwy 16E) in Fayetteville, go east on Hwy 16 3.7 miles turn off on highway 16, 2.3 miles from the lonesome pine ranch on dirt road
  • Architectural Style: Cabin/Cottage
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: House
  • Year Built Details: Resale (less than 25 years old)
  • Year Built: 2007
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Cabin,Single Family Residence
  • ResoBuildingAreaSource: Builder
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 2007

Interior Features

  • Appliances: Counter Top, Double Oven, Dishwasher, Electric Water Heater, Disposal, Ice Maker, Microwave, Propane Cooktop, Refrigerator, Range Hood, Self Cleaning Oven, PlumbedForIce Maker
  • Has Basement: Partial, Walk-Out Access, Crawl Space
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Bedroom, Family Room, Gas Log, Outside, Wood Burning
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Wet Bar, Built-in Features, Ceiling Fan(s), Cathedral Ceiling(s), Split Bedrooms, Walk-In Closet(s), Wood Burning Stove
  • Living Area: 6000.0
  • Window Features: Double Pane Windows, Vinyl
  • ResoLivingAreaSource: Builder

Exterior Features

  • Fencing: Partial
  • Lot Features: Hardwood Trees, Not In Subdivision, Outside City Limits, Rural Lot, Secluded, Views, Wooded
  • View: Yes
  • Waterfront Features: Creek, Pond
  • Construction Type: Other, See Remarks
  • Exterior Features: Gravel Driveway
  • Foundation Details: Crawlspace
  • Other Structures: Barn(s), Guest House, Workshop
  • Patio And Porch Features: Covered, Deck
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Parking Features: Detached, Garage, Garage Door Opener

Utilities

  • Security: Storm Shelter, Smoke Detector(s)
  • Cooling: Central Air, Electric, Heat Pump, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Propane, Phone Available, Septic Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Trails/Paths

Schools

  • Junior High Dist: Huntsville

Lot Info

  • Additional Parcels Description: 001-024585-000
  • Zoning Description: Agricultural
  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3987.0
  • Tax Block: 0
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2020
Closed on
Oct 13, 2020
Sold by
Strickland George and Strickland Shannon
Bought by
Sanders Kraig C and Sanders Jessica W
Seller's Agent
The Limbird Team
Limbird Real Estate Group
Buyer's Agent
The Limbird Team
Limbird Real Estate Group
List Price
$899,000
Sold Price
$940,000
Premium/Discount to List
$41,000
4.56%
Current Estimated Value
$1,297,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,532
Avg. Annual Appreciation
6.50%
Original Mortgage
$752,000
Outstanding Balance
$665,489
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$632,043

Purchase Details

Closed on
Mar 26, 2004
Bought by
Carlton Dale

Purchase Details

Closed on
Feb 3, 2004
Bought by
Wootton and Wootton Falkner

Purchase Details

Closed on
Oct 15, 1999
Bought by
Wootton Susan C

Purchase Details

Closed on
Apr 20, 1998
Bought by
Wootton and Wootton Falkner
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Sanders Kraig C $940,000 None Available
Carlton Dale $80,000 --
Wootton -- --
Wootton Susan C -- --
Wootton $49,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanders Kraig C $752,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2020 10/13/20 Sold $940,000 +4.6% $157 / Sq Ft
09/13/2020 09/13/20 Pending -- -- --
05/01/2020 05/01/20 For Sale $899,000 -- $150 / Sq Ft
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 $6,460 $224,080 $3,400 $220,680
2024 $5,922 $224,080 $3,400 $220,680
2023 $5,386 $119,630 $2,790 $116,840
2022 $5,386 $119,630 $2,790 $116,840
2021 $5,386 $119,630 $2,790 $116,840
2020 $4,373 $105,460 $2,810 $102,650
2019 $4,373 $105,460 $2,810 $102,650
2018 $3,987 $105,460 $2,810 $102,650
2017 $3,984 $105,460 $2,810 $102,650
2016 $3,987 $105,460 $2,810 $102,650
2015 $4,270 $112,360 $4,010 $108,350
2014 -- $112,360 $4,010 $108,350
2013 -- $112,360 $4,010 $108,350
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    The Limbird Team

    Limbird Real Estate Group

    (844) 955-7368

    2,491 Total Sales

    The Limbird Team
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1145896

Northwest Arkansas Board of REALTORS®

APN: 001-02465-001

Arkansas Madison County Elkins 72727

507 Madison 5189, Elkins, AR

Not Listed for Sale

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