$1,412,000
SOLD DEC 13, 2024

7 Wesley Stevens Rd Farmington, AR 72730

38.94 Acres
$36,261 Price per Acre
1,696,226 Sq Ft Lot

Recently Sold

$1,055 Per Sq Ft

18% Below List Price

345 Days on Market

Highlights

  • 38.94 Acre Lot
  • Jerry Pop Williams Elementary School Rated A-
  • Level Lot

About This Lot

As of December 2024

Great development acreage or beautiful farm on the edge of Farmington. Area of new home development. Two sides are bordered by paved roads, Rheas Mill Road and Wesley Stevens Road.
Seller will retain Mineral Rights. Buyer must prove financial ability to close the contract prior to consummation of a Sales Contract. See the attachment for Sales Requirements.

Last Agent to Sell the Property

Mike Parker

Prime Real Estate and Development License #PB00006601 Listed on: 03/01/2023

Last Buyer's Agent

Dale Carlton

Carlton Realty, Inc License #PB00052703

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $411

Lot Details

  • 38.94 Acre Lot
  • Wire Fence
  • Level Lot
  • Open Lot
  • Cleared Lot
  • May Be Possible The Lot Can Be Split Into 2+ Parcels

Utilities

  • Septic Needed

Community Details

  • Farmington Outlots Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$411

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 38.94
  • Road Frontage Type: Public Road
  • Road Surface Type: Paved
  • Subdivision Name: Farmington Outlots
  • Directions: Take hwy 62 West into Farmington, take a right onto Rheas Mill Road. Go approximately 1 mile, and the property is on the corner of Rheas Mill and Wesley Stevens Road.
  • ResoPropertyType: Land
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Pasture

Exterior Features

  • Fencing: Wire
  • Lot Features: Cleared, Neighborhood, Not In Subdivision, None, Open Lot, Split Possible, Level
  • Topography: Cleared,Level

Utilities

  • Sewer: Septic Needed

Schools

  • Junior High Dist: Farmington

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 411.0
  • Tax Block: 0
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2023
Closed on
Dec 11, 2024
Sold by
Porter Adam C and Porter Brad A
Bought by
Rheas Mill Development Llc
Seller's Agent
Mike Parker
Prime Real Estate and Development
Buyer's Agent
Dale Carlton
Carlton Realty, Inc
List Price
$1,725,000
Sold Price
$1,412,000
Premium/Discount to List
-$313,000
-18.14%
Views
57
Current Estimated Value
$1,460,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,000
Original Mortgage
$1,129,600
Interest Rate
6.72%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 23, 1984
Bought by
Porter Church J and Porter Robert

Purchase Details

Closed on
Apr 26, 1984
Bought by
Porter John G and Porter James
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 Type Sale Price Title Company
Warranty Deed $1,412,000 None Listed On Document
Warranty Deed $1,412,000 None Listed On Document
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,005,000 New Conventional
Closed $1,129,600 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2024 12/13/24 Sold $1,412,000 -18.1% $1,055 / Sq Ft
02/12/2024 02/12/24 Pending -- -- --
05/17/2023 05/17/23 For Sale $1,725,000 0.0% $1,289 / Sq Ft
03/20/2023 03/20/23 Pending -- -- --
03/03/2023 03/03/23 For Sale $1,725,000 -- $1,289 / 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
2024 $473 $13,730 $13,730 $0
2023 $452 $13,730 $13,730 $0
2022 $411 $10,300 $10,300 $0
2021 $381 $10,300 $10,300 $0
2020 $350 $10,280 $10,280 $0
2019 $318 $5,880 $5,880 $0
2018 $318 $5,880 $5,880 $0
2017 $315 $5,880 $5,880 $0
2016 $315 $5,880 $5,880 $0
2015 $315 $5,880 $5,880 $0
2014 $303 $5,650 $5,650 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Parker

    Seller's Agent in 2024

    Mike Parker

    Prime Real Estate and Development

    (479) 530-1515

    2 in this area

    119 Total Sales

    Mike Parker
    Section Image
  • Dale Carlton

    Buyer's Agent in 2024

    Dale Carlton

    Carlton Realty, Inc

    (479) 439-4410

    5 in this area

    104 Total Sales

    Dale Carlton
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1239938

Northwest Arkansas Board of REALTORS®

APN: 760-01827-000

Arkansas Washington County Farmington 72730

7 Wesley Stevens Rd, Farmington, AR

This home is located at 7 Wesley Stevens Rd, Farmington, AR 72730 and is currently priced at $1,412,000, approximately $1,055 per square foot. 7 Wesley Stevens Rd is a home located in Washington County with nearby schools including Randall G. Lynch Middle School, Jerry Pop Williams Elementary School, and Farmington Jr. High.

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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