Amazing development opportunity in growing city of Farmington. 2.2 acres zoned for multi-family (MF-1) use. Plan have been approved for 6 duplexes (12 doors ready to build and construct) multi family rental subdivision development. Located in the Southwinds & Grasslands residential complex, the lot is located on a street with other duplexes and close to Peachtree Village. All utilities at street. Also listed under Multi unit listing MLS#1288480
Property Details
Property Features
Listing Office:
Office Name: Dick Weaver And Associate Inc
Office Phone: (479) 273-7557
Lot Features
Lot Information:
Lot: Cleared, Other, See Remarks, Level
Lot Size: 2.20 Acres
Other
Directions Information:
Directions: From Hwy 62, turn onto either Hunter St (Hwy 170) or Southwinds Rd to get to Rainsong St. Lot is large open lot next to Peachtree Village (separated by wooded creekline).
Price Information
Listing Price Info
Price Summary:
List Price: $329,900
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 Farmington, AR.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,714
Per Month
Principal & Interest
$1,647
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
$1,056
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Bob Folsom Elementary School
230 S Grace Ln
Distance between this listing and this school0.70 miles
Public District Grades KG-3
8
/10
Jerry Pop Williams Elementary School
322 Broyles St
Distance between this listing and this school1.45 miles
Public District Grades KG-3
6
/10
Owl Creek Elementary School
375 N Rupple Rd
Distance between this listing and this school2.76 miles
Public District Grades PK-4
Nearby Schools
5
/10
Ramay Junior High School
401 S Sang Ave
Distance between this listing and this school3.40 miles
Public District Grades 7-8
6
/10
Greenland Middle School
55 N Sandy Ave
Distance between this listing and this school4.73 miles
Public District Grades 5-8
5
/10
Prairie Grove Junior High School
806 N Mock St
Distance between this listing and this school5.37 miles
Public District Grades 7-8
Nearby Schools
6
/10
Farmington Jr. High School
278 W Main St
Distance between this listing and this school0.70 miles
Public District Grades 7-9
2
/10
Agee Lierly Life Preparation Services School
2350 W Old Farmington Rd
Distance between this listing and this school3.20 miles
Public District Grades 9-12
5
/10
Fayetteville High School
1001 W Bulldog Blvd
Distance between this listing and this school4.16 miles
The neighbors living near this home have an average income of $44,955. Typical income of Farmington, AR residents is between $35k-100k annually. 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 55 W Rainsong
What is the listing price of this property?
The listing price of 55 W Rainsong property is $329,900.
What type of property is this?
The property 55 W Rainsong is land located in Farmington, Arkansas, 72730.
Is this property for sale now?
Sale Pending: 55 W Rainsong is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
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 55 W Rainsong in Farmington, AR and zip code 72730. This home sits on a 2.20 acre lot. It has been listed on Rocket Homes since October 04, 2024 and is currently priced at $329,900.
Farmington, AR housing market in November 2024 saw over 2 listings sold above listed price, more than 7 sold at listed price and over 10 sold below. The number of homes for sale in Farmington, AR increased by 4.1% between October 2024 and November 2024. Listings spent 78 days on the market in November 2024, and had a median list price of $332,335 during the same period.
From Rocket Homes Real Estate and based on county public records data.