NOT LISTED FOR SALE

516 Valley Loop Heber Springs, AR 72543

Estimated Value: $504,000 - $516,000

3 Beds
3 Baths
1,742 Sq Ft
$292/Sq Ft Est. Value

Last Sold June 16, 2023

Last sale price $470,000 $270 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,827/month

104 Days on Market

Highlights

  • Covered Dock
  • River View
  • Vaulted Ceiling
  • Heber Springs Middle School Rated A-
  • Deck
  • Wood Flooring

About This Home

As of June 2023

Come fish off this new dock with family and friends. This rustic home is great for entertaining and would make a wonderful full time home or weekender. Get away from the hustle and bustle. Stone fireplace offers lots of warmth in the winter and the decks and porch are great for summer fun. Storage under this home is great for river/lake toys, storing fishing poles, kayaks, etc. Just minutes from Greers Ferry Lake too! Cannot be used/rented as VRBO or Airbnb. Home is being sold completely furnished. It is ready to enjoy!!!

Last Agent to Sell the Property

Shelia Hill

Crye*Leike Brock Real Estate Listed on: 02/20/2023

Crye*Leike Brock Real Estate

Last Buyer's Agent

Kathi Merritt

RE/MAX Advantage

RE/MAX Advantage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,411

Year Built

  • Built in 1993

Lot Details

  • 0.97 Acre Lot
  • River Front
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • Log Cabin
  • Combination Foundation
  • Metal Roof
  • Log Siding

Interior Spaces

  • 1,742 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Sheet Rock Walls or Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Combination Dining and Living Room
  • Wood Flooring
  • River Views

Kitchen

  • Breakfast Bar
  • Electric Range
  • Stove
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Covered Dock
  • Deck
  • Outdoor Storage
  • Porch

Schools

  • Heber Springs Elementary And Middle School
  • Heber Springs High School

Utilities

  • Central Heating and Cooling System
  • Co-Op Electric
  • Propane
  • Septic System
  • Satellite Dish

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,411

Year Built

Built in 1993

Lot Details

0.97 Acres

Listing Details

  • Restrictions: Covenants
  • Class: Residential
  • Style: Log
  • Ext Features: Deck, Porch, Outside Storage Area, Guttering
  • LVT Date: 02/25/2023
  • River: Yes
  • River Name: Little Red River (Arkansas)
  • Road Surface: Paved
  • Type: Detached
  • Warranty: Normal Wrkng Ordr, As O&a
  • Estimated Year Built: 1993
  • Internet Type: Internet-Satellite
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1993

Interior Features

  • Dining Room: Living/Dining Combo, Breakfast Bar
  • Fireplace: Woodburning-Site-Built, No Log Gas Fireplace
  • Bedrooms: Primary Bedroom/Main Lv, Guest Bedroom/Main Lv, 3 Bedrooms Same Level
  • Estimated Sq Ft: 1742
  • Bedrooms: 3
  • Floors: Wood
  • Foundation: Slab/Crawl Combination
  • Full Bathrooms: 3
  • Interiors: Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Window Treatments, Walk-In Closet(s), Ceiling Fan(s), Breakfast Bar, Furnished, Wireless Access Point
  • Kitchen Equip: Free-Standing Stove, Microwave, Electric Range, Dishwasher, Disposal, Refrigerator-Stays, Ice Maker Connection
  • Other Rooms: Laundry
  • Stories: One Story
  • Walls Ceilings: Sheet Rock, Vault Ceiling

Exterior Features

  • Exterior: Log
  • Roof: Metal
  • Waterfront: River, Dock, Dock - Covered

Garage/Parking

  • Parking: Four Car Or More

Utilities

  • Utilities: Septic, Water-Public, Electric-Co-Op, Gas-Propane/Butane, Tv-Satellite Dish
  • Heat Air: Central Cool-Electric, Central Heat-Gas

Schools

  • Junior High: Heber Springs

Lot Info

  • Estimated Lot Size: 0.97
  • Estimated Lot Size: .97
  • Lot: Sloped, Level, River Front, River View, In Subdivision
  • Geo Subdivision: AR

Green Features

  • Energy Features: Insulated Windows

Tax Info

  • Annual Taxes: 2411

MLS Schools

  • Elementary School: Heber Springs
  • HighSchool: Heber Springs
  • Middle School: Heber Springs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2023
Closed on
Jun 12, 2023
Sold by
Brittenum Jon
Bought by
Sowell James H and Sowell Kimberly A
Seller's Agent
Shelia Hill
Crye*Leike Brock Real Estate
Buyer's Agent
Kathi Merritt
RE/MAX Advantage
List Price
$499,900
Sold Price
$470,000
Premium/Discount to List
-$29,900
-5.98%
Views
115
Current Estimated Value
$508,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,782
Avg. Annual Appreciation
2.91%

Purchase Details

Listed on
Jun 8, 2021
Closed on
Jun 8, 2021
Sold by
Mix Thomas
Bought by
Harvey Benjamin and Brittenum Jon
Seller's Agent
Non MLS
Non MLS Sales
Buyer's Agent
Juliana Carlton
Homes & Spaces Real Estate
List Price
$375,000
Sold Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.83%
Original Mortgage
$300,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2016
Sold by
Taylor Ella V
Bought by
Mux Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
3.57%
Mortgage Type
VA

Purchase Details

Closed on
Sep 17, 2010
Bought by
Taylor Ella V

Purchase Details

Closed on
Mar 27, 1998
Bought by
Taylor Charles D and Taylor Ella

Purchase Details

Closed on
Jan 24, 1990
Bought by
Cyr Thomas H and Cyr Linda F
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
Sowell James H $470,000 None Listed On Document
Harvey Benjamin $375,000 Cornerstone Title
Mux Thomas $262,500 Cornerstone Title & Escrow S
Taylor Ella V -- --
Taylor Charles D $145,000 --
Cyr Thomas H $9,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harvey Benjamin $300,000
Previous Owner Mux Thomas $262,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/16/2023 06/16/23 Sold $470,000 -6.0% $270 / Sq Ft
06/04/2023 06/04/23 Pending -- -- --
02/20/2023 02/20/23 For Sale $499,900 +33.3% $287 / Sq Ft
06/09/2021 06/09/21 Pending -- -- --
06/08/2021 06/08/21 Sold $375,000 0.0% $202 / Sq Ft View Prior Sale
06/08/2021 06/08/21 Sold $375,000 0.0% $202 / Sq Ft View Prior Sale
06/08/2021 06/08/21 For Sale $375,000 0.0% $202 / Sq Ft
04/02/2021 04/02/21 For Sale $375,000 -- $202 / 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 $1,811 $79,691 $25,000 $54,691
2024 $1,911 $63,625 $20,000 $43,625
2023 $2,411 $63,625 $20,000 $43,625
2022 $2,411 $63,625 $20,000 $43,625
2021 $942 $44,397 $20,000 $24,397
2020 $1,683 $44,397 $20,000 $24,397
2019 $1,683 $44,397 $20,000 $24,397
2018 $1,683 $44,397 $20,000 $24,397
2017 $1,683 $44,397 $20,000 $24,397
2016 $979 $52,709 $25,000 $27,709
2015 $1,998 $52,709 $25,000 $27,709
2014 $573 $24,366 $4,206 $20,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 23005657

Cooperative Arkansas REALTORS® MLS

APN: 002-07340-000

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