Hello... This Highway Homesite is being sold as is and below market value. There are issues but once these issues are resolved, this listing will go up in price. Please NOTE this listing is for APN 001-02620-002 (.25 acres) ATTACHED to APN 001-02608-001 (3.75 acres) This is more or less a Beautiful Four Acre Home Site on a Hill overlooking the valley below... There is an Easement in the Warranty Deed that contains utilities and by Arkansas Law, I believe it is NOW ILLEGAL to Land-lock Parcels. This unique and gorgeous site presents challenges but for a qualified and savvy Investor-This could be a windfall! Minerals are not attached and are separate from surface and this land comes with a Warranty Deed. There’s tall Timber with hardwood and pine. I have adjusted the price twice and both sales prices are below Zillow Estimates. The owner is willing to work with agents and can be reached via TEXT at (213) 595-2701. A water line has been installed and electricity is next to site. OWNER FINANCING with $20,000 down and 3 percent interest. Minerals; Section 5 includes .07 minerals Section 4 includes 1.75 minerals Price breakdown; $25,000 for minerals $12,500 per tree filled acre. Regarding comps, since the year 2000, at one time a neighboring home site contained a family house that burned down to the ground within two years of construction. The family at 4838 collected almost $280,000 in insurance and their “Family” purchased or acquired the 3 acre tract for $7000 per acre, so the 3 acres was purchased for $21,000. SINCE THEN the 3 acres at 4838 has been listed for $80,000. I’m not aware if minerals are attached to their parcel and I’m not aware of the county’s permits for safe construction. At that same period in time of the neighbors house burning down, one of their local Real Estate Agents listed my 4 acres for $350,000. Prices on Country land are going up, up, up! Because I listed this at a low price, I’m asking the buyer to pay all commissions and closing costs in which you, the buyer will still be getting a great deal! I’m willing to split the surface up with the minerals!! So the surface is $50,000 on its own and I will keep the minerals!
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