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245 Memory Ln, Cabot, AR, 72023

$520,000

Home List Price

$6,175*

Closing Credit

4 Bedrooms
2 Full Baths, 1 Partial
2,910 SqFt
$179/SqFt
House

Location

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245 Memory Ln, Cabot$520,000

Buyer Closing Credits

$6,175*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage, Three Car, Side Entry
Year Built1995
HeatingCentral, Electric, Geothermal
CoolingCentral Air
FireplaceWoodburning-Site-Built, Insert Unit
ViewTrees/Woods
Private PoolYes
MLS #24026549
Lot Size5.00 Acres
StatusActive

About 245 Memory Ln

Nestled in the heart of 5 picturesque wooded acres, this Don Gardner architectural gem offers 4 bedrooms and an office. It blends the timeless charm of a farmhouse with contemporary flair, featuring a vaulted great room, a stunning curved balcony, nine-foot ceilings throughout, built-in bookshelves, and a newly-renovated primary shower. Natural light pours in through a grand front window above the two-level foyer and rear clerestory windows in the great room, creating a bright and inviting atmosphere. This home exudes elegance. Recent updates include a new roof in 2017, a geo-thermal water furnace installed in January 2009, a new water heater in February 2024, and new appliances in 2023. The property also features a three-car garage with large bonus storage above, a 24x30 covered RV/boat storage building, and an 18-foot above-ground salt pool with a deck. Centrally positioned on the property, this beautiful home offers unmatched privacy and seclusion on a dead-end street while being just a short drive from town. Call today for your showing. Agents see remarks.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1995
  • Stories: 2
  • Living Area: 2,910 SqFt

Listing Office:

  • Office Name: Exp Realty
  • Listing Agent: Sandra Ballew

Interior Features

Interior Information:

  • Appliances: Stove, Electric Range, Dishwasher, Disposal, Trash Compactor
  • Basement: No
  • Flooring Type: Carpet, Wood, Tile
  • Interior: Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Built-Ins, Ceiling Fan(s), Walk-in Shower, Breakfast Bar
  • Fireplace: Woodburning-Site-Built, Insert Unit

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Trees/Woods
  • Exterior: Patio, Deck, Porch, Outside Storage Area, Above Ground Pool, Guttering, RV Parking

Parking Information:

  • Parking: Garage, Three Car, Side Entry

Lot Features

Lot Information:

  • Lot: Sloped, Wooded, Cleared, Sloped Down
  • Lot Size: 5.00 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric, Geothermal
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Cabot High School, Public District Grades 10-12
  • Cabot Middle School North, Public District Grades 5-7
  • Cabot Junior High North, Public District Grades 7-9
  • Magness Creek Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Hwy 89 & Hwy 5 Cabot travel 3.2 miles North on Hwy 5. Turn right onto Memory Lane. Property on right approx .2 mile. Sign in place.

Price Information

Listing Price Info

Price Summary:

  • List Price: $520,000
  • Price Per SqFt: $179/SqFt

Tax Information:

  • Annual Amount: $2,329
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Cabot, AR.

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Cabot, AR

City

Med. Sold Price

$244.9K

Med. Price/SqFt

$147

# of Sold Homes

43

245 Memory Ln vs Cabot

44 DAYS ON ROCKET

$520,000

+$275K More

$179/SqFt

+$32 More

KEY TAKEAWAY

This property is $275K more than the Median Sold Price and $32/SqFt more than other homes in Cabot, AR.

Based on homes sold in August 2024

MLS Details

MLS Information:

  • MLS Number: #24026549

Listing Office:

  • Office Name: Exp Realty
  • Listing Agent: Sandra Ballew

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 9/7/2024, 8:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,329$57,940
2019$2,354$57,940
2018$2,354$57,940
2017$2,354$57,940

History based on county public records data.

Payment Calculator

$2,663

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,625

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1094861
7
/10

  • Magness Creek Elementary School

  • 16150 Ark Hwy 5

  • 0.47 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1094862
7
/10

  • Cabot Middle School North

  • 1900 N Lincoln St

  • 4.97 miles

  • Public District Grades 5-7

school-card-donut-1094863
7
/10

  • Cabot Junior High North

  • 38 Spirit Dr

  • 4.99 miles

  • Public District Grades 7-9

High School

school-card-donut-1094864
8
/10

  • Cabot High School

  • 401 N Lincoln St

  • 4.92 miles

  • Public District Grades 10-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $78,211. The most common annual income of people living in Cabot, AR is between $35k-100k. Residents typically live in married, with kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Cabot, AR

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Cabot, AR?

Cabot's housing market is characterized by a predominance of single-family homes, which make up a significant portion of the residential landscape. These homes exhibit a range of architectural styles, from classic ranch designs to contemporary constructions. The market also includes a selection of apartments and townhouses, accommodating various housing preferences. The majority of the homes were built in the late 20th century, reflecting a period of growth for the city. The homeownership rate in Cabot is high, with a substantial majority of residents owning their homes, while the remainder are renters.

Is Cabot, AR a good place to live?

Cabot is celebrated for its small-town charm and community-oriented atmosphere. The city prides itself on its family-friendly environment, with numerous parks and recreational areas that contribute to its inviting character. Annual events and local festivals, such as the Cabot Strawberry Festival, play a significant role in bringing the community together and showcasing the local culture and heritage.

Are things conveniently located in Cabot, AR?

The community of Cabot is served by a network of public schools, including several elementary schools, middle schools, and a high school, as well as a few private educational institutions. Healthcare services are accessible to residents, with clinics and a local hospital that provide a range of medical services. The city also features a public library, contributing to the educational resources available to the community. Retail and dining options in Cabot reflect the local culture, with a mix of independent shops and restaurants that cater to the tastes and needs of the residents.

What does the transportation in Cabot, AR look like?

Transportation in Cabot includes a combination of private and public transit options. The city's layout and infrastructure support a moderate level of walkability, particularly in the more densely populated areas. For those relying on public transportation, local services connect Cabot to surrounding areas, though the frequency and coverage may vary. The city's road network facilitates easy access to major highways, making commuting and travel convenient for residents. While ride-sharing services are present, they complement the existing transportation options without dominating the mobility landscape.

Frequently Asked Questions About 245 Memory Ln

What is the listing price of this property?

The listing price of 245 Memory Ln property is $520,000.

What type of property is this?

The property 245 Memory Ln is a house located in Cabot, Arkansas, 72023.

Is this property for sale now?

Active Listing: 245 Memory Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 245 Memory Ln are:
Magness Creek Elementary School: GreatSchools Rating 7/10
Cabot Middle School North: GreatSchools Rating 7/10
Cabot Junior High North: GreatSchools Rating 7/10
Cabot High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,329 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 245 Memory Ln has 4 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 245 Memory Ln is 2,910 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 245 Memory Ln is 1995.

Rocket Homes›Arkansas›Lonoke County›Cabot›72023›245 Memory Ln

This home is located at 245 Memory Ln in Cabot, AR and zip code 72023. This 2,910 square foot home, which was built in 1995, sits on a 5.00 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 25, 2024 and is currently priced at $520,000.

Over 2 listings were sold over their listed price in August 2024 in Cabot, AR. In the same period over 15 listings were sold below the listed price and 23 listings were sold for the listed price. The number of homes for sale in Cabot, AR decreased by 4.1% between July 2024 and August 2024.

From Rocket Homes Real Estate and based on county public records data.

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