See Home Value
Cave Springs 72718
115 S Rainbow RD
$1,080,000 - $1,320,000
House - Off Market

115 S Rainbow RD

Cave Springs, AR 72718
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1674 Sqft
Sold Jul 31, 2017
$450,000
$272,000 by Byline Bank
Mortgage Due Feb 28, 2034
Sold Jul 17, 2017
$450,000
$366,385 by Signature Bank Of Arkansas
Mortgage Due Jul 14, 2022

About This Property

Located in one the fastest growing areas of NWA, this 18.8 acre tract is located right off S. Rainbow Road with quick access to I-49. Don't miss this rare investment opportunity that has development potential or create your own private wooded estate with scenic view of pond and wet weather creek. Property features a completely remodeled 1,674 sq foot 4 bedroom, 2 full bathroom home with 2 car detached garage/workshop and storm shelter. Property has additional outbuildings and northern border of property abuts Cave Springs Nature Preserve. Part of the northern part of the property is protected with the Cave Springs Area Karst Resource Conservation Regulations (CSK Regulations) and cannot be developed or built on. Bentonville Schools.

The manager has listed the unit size as 1674 square feet.
Unit Size
1,674Ft²
Days on Market
-
Land Size
18.80 acres
Price per sqft
$717
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
May 21, 2024 No longer available -
No longer available
Feb 8, 2024 Listed $1,200,000
Listed
Jan 24, 2024 Listed $1,200,000
Listed
Located in one the fastest growing areas of NWA, this 18.8 acre tract is located right off S. Rainbow Road with quick access to I-49. Don't miss this rare investment opportunity that has development potential or create your own private wooded estate with scenic view of pond and wet weather creek. Property features a completely remodeled 1,674 sq foot 4 bedroom, 2 full bathroom home with 2 car detached garage/workshop and storm shelter. Property has additional outbuildings and northern…
Jul 9, 2021 No longer available -
No longer available
May 20, 2021 Relisted $1,100,000
Relisted
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 1
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Masonry
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 814,572
  • Total Building Area: 1,674
  • Building Area: 1,674
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,674
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CAVE SPRINGS
  • Land Acres: 18.7
  • Standard Land Use Code: Single family residential
  • Legal Description 1: A PART OF THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER AND PART OF THE SOUTHWEST QUARTER OF THE NORTHEAST QUARTER OF SECTIO

Ownership

  • Current Owner : LEGACY 1843 LAND HOLDINGS LLC
  • Previous Owner : MILLENNLUM VENTURES LLC
  • Owner Before Previous Owner: MILLENNIUM VENTURES LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Rogers Public Schools
  • Census Tract: 021316

Geography

  • District: 05
  • Parcel: 05-10010-000
  • Meridian: SEC 06 TWN 18 RNG 30
  • Municipality: CAVE SPRINGS
  • Latitude: 36.264
  • Longitude: -94.2095

    Address

  • Full Address: 115 S Rainbow Rd
  • Address - House Number: 115
  • Street Direction: S
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Rd
  • State: AR
  • City Name: Cave Springs
  • Carrier Code: R023
  • 4-Digit Zip Code: 8419
  • Zip Code: 72718

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,994
  • Intital Tax Deliquent Year: 2015
  • Tax Rate Code Area: CS6

    Appraisal Valuation

  • Standard Deviation: 0.1613
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 503,838
  • High Value: 585,132
  • Low Value: 422,543

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $272,000
  • First Open Lien Mortgage Lender: BYLINE BANK
  • First Open Lien Mortgage Recording Date: Mar 13, 2024
  • First Open Lien Mortgage Loan Amount: $272,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 28, 2034

    Market Valuation

  • Market Total Value: $164,850
  • Market Land Value: $23,250
  • Market Improvement Value: $141,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,970
  • Assessed Land Value: $4,650
  • Assessed Improvements Value: $28,320

    Sales

  • Current Sale Contract Date: Jul 13, 2017
  • Current Sale Recording Date: Jul 31, 2017
  • Current Sale Transaction ID: 1732335328
  • Current Sale Price: $450,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 17, 2017
  • Previous Sale Contract Date: Jul 13, 2017
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: SIGNATURE BANK OF ARKANSAS
  • Previous Mortgage Transaction Date: Jul 17, 2017
  • Previous Mortgage Loan Amount: $366,385
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 14, 2022



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$1,200,000 Jan 24, 2024
-
-

About Cave Springs


Similar Homes for Sale

Unit for sale at 115 South Rainbow Road, Cave Springs, AR 72718

$1,200,000

  • Land
115 South Rainbow Road, Cave Springs, AR 72718 Listing by Lauren Boozman Northey

Nearby Rentals

Unit for rent at 6523 Valley View  Rd, Rogers, AR, 72758

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 2,193 ft²
6523 Valley View Rd, Rogers, AR, 72758 Listing by Sherrie Foster
Unit for rent at 1011 Shores  Ave, Cave Springs, AR, 72718

$2,500 /mo

  • 3 Beds
  • 3.5 Baths
  • 2,800 ft²
1011 Shores Ave, Cave Springs, AR, 72718 Listing by Annette Sorensen


Frequently Asked Questions

When was property at 115 South Rainbow Road built and last sold?
The property at 115 South Rainbow Road was built in and last sold on Jul 13, 2017 for $450,000.
How much is this home worth?
The estimated value of the home located at 115 South Rainbow Road is $1,174,552.
What are some comparable homes to 115 South Rainbow Road?
Homes that are comparable to 115 South Rainbow Road include a land property at 115 South Rainbow Road, located in Cave Springs, AR.

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