NOT LISTED FOR SALE

68 La Palabra Way Hot Springs Village, AR 71909

Estimated Value: $16,353 - $570,000

1.11 Acres
$145,800 Price per Acre
48,352 Sq Ft Lot

Last Sold June 05, 2023

Last sale price $16,000

Est. 911% increase in value since last sale

Current estimated payment $891/month

266 Days on Market

Highlights

  • Golf Course Community
  • 1.11 Acre Lot
  • Trails
  • Gated Community
  • Tennis Courts

About This Lot

As of June 2023

Welcome to market this remarkable residential lot located in the exclusive Hot Springs Village gated community. The property boasts more than one acre of prime wooded real estate in the El Pelo subdivision and is located within a half mile of Lake Cortez and Lake Lago. The property is an ideal location to build your vacation home or retirement home. Call 870-219-0581 today to schedule a private showing.

Last Agent to Sell the Property

JONATHAN DEROECK

Compass Rose Realty Listed on: 07/18/2022

Compass Rose Realty

Last Buyer's Agent

JONATHAN DEROECK

Compass Rose Realty Listed on: 07/18/2022

Compass Rose Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9

Lot Details

  • 1.11 Acre Lot
  • Sloped Lot

HOA Fees

  • $38 Monthly HOA Fees

Community Details

Recreation

  • Golf Course Community
  • Tennis Courts
  • Trails

Additional Features

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$9

Lot Details

0

HOA Fees

$38 per month

Listing Details

  • Class: Vacant Land
  • Inside City Limits: Yes
  • LVT Date: 07/18/2022
  • Road Surface: Paved
  • Street Designation: Way
  • Type: Residential Lot
  • Sold Price Per Acre: 14414.41
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage Road: City Street

Utilities

  • Utilities: Sewer-Public, Water-Public, Elec-Municipal (+Entergy)

Condo/Co-op/Association

  • Frequency: Monthly
  • Condo Association Fee: 38

Lot Info

  • Estimated Lot Size: 1.11
  • Estimated Lot Size: +/- 1.11 acres
  • Lot: Sloped
  • Geo Subdivision: AR

Tax Info

  • Annual Taxes: 8.9
  • Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2022
Closed on
Jun 5, 2023
Sold by
Acrely Llc
Bought by
Young Charles
Seller's Agent
JONATHAN DEROECK
Compass Rose Realty
Buyer's Agent
JONATHAN DEROECK
Compass Rose Realty
List Price
$24,900
Sold Price
$16,000
Premium/Discount to List
-$8,900
-35.74%
Views
131
Current Estimated Value
$161,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,838
Avg. Annual Appreciation
158.15%
Original Mortgage
$12,800
Outstanding Balance
$3,434
Interest Rate
6.43%
Mortgage Type
Construction
Estimated Equity
$158,404

Purchase Details

Closed on
Mar 25, 2022
Sold by
Brian White
Bought by
Acrely Llc

Purchase Details

Closed on
Nov 15, 2005
Sold by
Freidman Karl D and Freidman Dorothy
Bought by
White Brian

Purchase Details

Closed on
Jan 3, 1994
Bought by
Healthstaf Nursing Ser

Purchase Details

Closed on
Jun 1, 1993
Bought by
Shock
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
Young Charles $16,000 Professional Land Title
Acrely Llc -- None Listed On Document
White Brian $13,000 --
Friedmann Karl -- --
Healthstaf Nursing Ser $1,000 --
Shock $1,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Charles $12,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2023 06/05/23 Sold $16,000 -15.8% --
04/10/2023 04/10/23 Pending -- -- --
02/13/2023 02/13/23 Price Changed $19,000 -5.0% --
09/12/2022 09/12/22 Price Changed $20,000 -15.5% --
08/30/2022 08/30/22 Price Changed $23,655 -5.0% --
07/18/2022 07/18/22 For Sale $24,900 -- --
Source: Cooperative Arkansas REALTORS® MLS

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 $9 $200 $200 --
2024 $9 $200 $200 $0
2023 $9 $200 $200 $0
2022 $9 $200 $200 $0
2021 $9 $200 $200 $0
2020 $9 $200 $200 $0
2019 $9 $200 $200 $0
2018 $9 $200 $200 $0
2017 $9 $200 $200 $0
2016 $23 $1,000 $1,000 $0
2015 $23 $1,000 $1,000 $0
2014 $21 $430 $1,000 $0
Source: Public Records

Agents Affiliated with this Home

  • JONATHAN DEROECK

    Seller's Agent in 2023

    JONATHAN DEROECK

    Compass Rose Realty

    (870) 219-0581

    1 in this area

    21 Total Sales

    JONATHAN DEROECK
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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 22024357

Cooperative Arkansas REALTORS® MLS

APN: 524-00112-000

Arkansas Saline County Hot Springs Village 71909

68 La Palabra Way, Hot Springs Village, AR

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.

Cooperative Arkansas REALTORS® MLS 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.

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