NOT LISTED FOR SALE

Lot 8 Lynchburg Rd Gravette, AR 72736

Estimated Value: $734,000 - $779,000

10.69 Acres
$70,679 Price per Acre
465,656 Sq Ft Lot

Last Sold April 30, 2020

Last sale price $61,000

Est. 1,139% increase in value since last sale

Current estimated payment $4,353/month

312 Days on Market

Highlights

  • 10.69 Acre Lot
  • Views
  • Lot Has A Rolling Slope
  • Gravette Middle School Rated A-
  • Landscaped with Trees

About This Lot

As of April 2020

Introducing Lynchburg Estates - Large lots with acreage provide privacy and exceptional views. Have the convenience of Natural gas, Carroll Electric, and Public Water in a rural subdivision. On the edge of town, close to Gravette schools and just 20 minutes to downtown Bentonville with the Bypass. Come take a look and picture building your dream home! See attached covenants and plat map for additional lots available, MLS #s 1110742, 1110747, 1110753, 1115158, 1115160

Last Agent to Sell the Property

Koenigseder Realty Group

REMAX Real Estate Results Listed on: 05/23/2019

REMAX Real Estate Results

Last Buyer's Agent

Nedra Engleman

Coldwell Banker Harris McHaney & Faucette-Bentonvi License #SA00081080

Coldwell Banker Harris McHaney & Faucette-Bentonvi

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,846

Lot Details

  • 10.69 Acre Lot
  • Lot Has A Rolling Slope
  • Cleared Lot
  • Landscaped with Trees

Utilities

  • Septic Needed

Additional Features

  • Property Views

Community Details

  • Lynchburg Estates Subdivision

Listing and Financial Details

  • Tax Lot 8

Property Details

Property Type

Land

Est. Annual Taxes

$2,846

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 10.69
  • Road Frontage Type: Public Road, Shared
  • Road Surface Type: Gravel
  • Subdivision Name: Lynchburg Estates
  • Directions: From Gravette: Take Hwy 59 North to Right on Detroit St (by Dollar General). Follow Detroit and it becomes Eighth St at first curve, at next curve veer left to stay on Eighth St. Follow Eighth Approx 1 mile to Right on Lynchburg Rd. Watch for signs!
  • ResoPropertyType: Land
  • Property Sub Type Additional: Unimproved Land
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Development, Residential

Exterior Features

  • Fencing: None
  • Lot Features: Cleared, Hardwood Trees, Other, Rolling Slope, Subdivision, See Remarks, Views
  • Topography: Other,Sloping,See Remarks
  • View: Yes
  • Waterfront Features: None

Utilities

  • Sewer: Septic Needed
  • Utilities: Natural Gas Available, Electricity Available
  • Water Source: Not Connected (nearby), Public

Schools

  • Junior High Dist: Gravette

Lot Info

  • Zoning: N
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 19.0
  • Tax Block: -
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2019
Closed on
Apr 30, 2020
Sold by
Senior Investemnts Llc
Bought by
Engleman Allen and Engleman Nedra
Seller's Agent
Koenigseder Realty Group
REMAX Real Estate Results
Buyer's Agent
Nedra Engleman
Coldwell Banker Harris McHaney & Faucette-Bentonvi
List Price
$80,175
Sold Price
$61,000
Premium/Discount to List
-$19,175
-23.92%
Current Estimated Value
$755,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$694,555
Avg. Annual Appreciation
60.45%
Original Mortgage
$48,500
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Engleman Allen $61,000 First National Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Engleman Nedra $294,000
Closed Engleman Allen $48,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2020 04/30/20 Sold $61,000 -23.9% --
03/31/2020 03/31/20 Pending -- -- --
05/23/2019 05/23/19 For Sale $80,175 -- --
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 $2,846 $87,181 $9,913 $77,268
2023 $2,711 $61,196 $6,099 $55,097
2022 $2,488 $67,748 $6,099 $61,649
2021 $14 $260 $260 $0
2020 $15 $280 $280 $0
2019 $15 $280 $280 $0
2018 $15 $280 $280 $0
2017 $14 $280 $280 $0
2016 $14 $280 $280 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Koenigseder Realty Group

    RE/MAX

    (479) 619-8309

    15 in this area

    535 Total Sales

    Koenigseder Realty Group
    Section Image
  • Nedra Engleman

    Buyer's Agent in 2020

    Nedra Engleman

    Coldwell Banker Harris McHaney & Faucette-Bentonvi

    (479) 644-9146

    6 in this area

    72 Total Sales

    Nedra Engleman
    Section Image
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Map

Source: Northwest Arkansas Board of REALTORS®

MLS Number: 1115160

Northwest Arkansas Board of REALTORS®

APN: 15-84760-000

Arkansas Benton County Gravette 72736

Lot 8 Lynchburg Rd, Gravette, AR

This home is located at Lot 8 Lynchburg Rd, Gravette, AR 72736 since 23 May 2019 and is currently estimated at $755,555. Lot 8 Lynchburg Rd is a home located in Benton County with nearby schools including Glenn Duffy Elementary School, Gravette Upper Elementary School, and Gravette Middle School.

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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