Unlock the potential of this generously sized one-acre lot in the charming city of Lincoln, AR. Perfectly situated for both convenience and tranquility, this property offers a unique opportunity for prospective homeowners and investors alike. Located close to local stores, a variety of entertainment options, and highly-rated schools, this lot is an ideal spot to build your dream home or pursue your investment goals.
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Market Pro Realty
Office Phone: (479) 770-3333
Lot Features
Lot Information:
Lot: City Lot, Neighborhood, Split Possible, Views, Level
Lot Size: 0.40 Acres
School Info
Assigned Schools Information:
Lincoln Middle School, Public District Grades 4-8
Lincoln Elementary School, Public District Grades PK-3
Other
Directions Information:
Directions: Turn onto US-62 E and continue for approximately 4.5 miles. Turn right onto S Mitchell Ave. Continue on S Mitchell Ave for about 1 mile. The destination, 509 S Mitchell Ave, will be on your right.
Price Information
Listing Price Info
Price Summary:
List Price: $63,000
Tax Information:
Annual Amount: $518
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Lincoln, AR.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$382
Per Month
Principal & Interest
$315
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$255
Powered By
Advertisement
NMLS#3030
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
4
/10
Lincoln Elementary School
613 County Ave
Distance between this listing and this school0.74 miles
Public District Grades PK-3
Middle School
5
/10
Lincoln Middle School
107 E School St
Distance between this listing and this school0.69 miles
Public District Grades 4-8
Assigned Schools
4
/10
Lincoln Elementary School
613 County Ave
Distance between this listing and this school0.74 miles
Public District Grades PK-3
Nearby Schools
4
/10
Prairie Grove Elementary School
300 Ed Staggs Dr
Distance between this listing and this school6.29 miles
Public District Grades KG-2
6
/10
Westville Elementary School
500 West Chincapin
Distance between this listing and this school8.97 miles
Public District Grades PK-6
Assigned Schools
5
/10
Lincoln Middle School
107 E School St
Distance between this listing and this school0.69 miles
Public District Grades 4-8
Nearby Schools
6
/10
Prairie Grove Middle School
806 N Mock St
Distance between this listing and this school6.45 miles
Public District Grades 5-8
7
/10
Westville Jr High School
500 West Chincapin
Distance between this listing and this school8.97 miles
Public District Grades 7-8
Nearby Schools
4
/10
Lincoln New Tech High School
1392 E Pridemore Dr
Distance between this listing and this school0.88 miles
Public Charter Grades 8-12
4
/10
Westville High School
500 West Chincapin
Distance between this listing and this school8.97 miles
Public District Grades 9-12
9
/10
Farmington High School
278 W Main St
Distance between this listing and this school11.50 miles
The neighbors living near this home have an average income of $41,750. Most Lincoln, AR residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 509 S Mitchell Ave
What is the listing price of this property?
The listing price of 509 S Mitchell Ave property is $63,000.
What type of property is this?
The property 509 S Mitchell Ave is land located in Lincoln, Arkansas, 72744.
Is this property for sale now?
Active Listing: 509 S Mitchell Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 509 S Mitchell Ave are: Lincoln Elementary School: GreatSchools Rating 4/10Lincoln Middle School: GreatSchools Rating 5/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $518 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on January 3, 2019 for $45,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 509 S Mitchell Ave in Lincoln, AR and zip code 72744. This home sits on a 0.40 acre lot. It has been listed on Rocket Homes since September 05, 2024 and is currently priced at $63,000.
While more than 3 listings in Lincoln, AR in October 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 1 were sold below. The median list price of listings available in October 2024 was $229,999, while the average time on the real estate market was 119 days.
From Rocket Homes Real Estate and based on county public records data.