Nestled within 10 minutes of the campus of Southern Arkansas University, this expansive 21-acre development tract offers a prime opportunity for investment and growth, ideal for an executive home/compound. Situated in the heart of Southern Arkansas and the new, exciting Lithium boom. This parcel of land boasts an enviable highway location allowing easy and convenient access to not only the university's facilities and amenities but the major Lithium players as well. With its generous size, this tract presents a canvas for a myriad of development possibilities. Whether it's residential, commercial, or mixed-use projects, the ample acreage provides space for creativity and innovation. The proximity to the university and the new Lithium extraction operations also adds to its appeal, making it an ideal location for a campground/RV park catering to the over 1000 new jobs estimated to be created by the Lithium play. Surrounded by the natural beauty of Arkansas, the land offers a picturesque setting for any development endeavor. Rolling hills, lush greenery, and tranquil surroundings create a serene atmosphere, enhancing the allure of the property.
Property Details
Property Features
Listing Office:
Office Name: Mossy Oak Properties Land & Home
Listing Agent: Michael Clayton
Exterior Features
Exterior Information:
View: Pond, Trees/Woods
Lot Features
Lot Information:
Lot: Pond, Wooded, Unimproved Land
Lot Size: 21.00 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $119,900
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 Magnolia, 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.
$666
Per Month
Principal & Interest
$599
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
$426
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
8
/10
Emerson Elementary School
508 W Main St
Distance between this listing and this school5.82 miles
Public District Grades KG-6
8
/10
Taylor Elementary School
506 E Pine St
Distance between this listing and this school15.36 miles
Public District Grades KG-6
5
/10
Haynesville Elementary School
9777 Highway 79
Distance between this listing and this school15.89 miles
Public District Grades PK-4
Nearby Schools
4
/10
Magnolia Jr. High School
540 E North St
Distance between this listing and this school6.28 miles
Public District Grades 7-9
4
/10
Central Elementary School
456 E North St
Distance between this listing and this school6.32 miles
Public District Grades 4-6
4
/10
North Webster Junior High School
6041 Highway 2
Distance between this listing and this school23.78 miles
Public District Grades 6-8
Nearby Schools
4
/10
Emerson High School
212 Grayson St
Distance between this listing and this school5.78 miles
Public District Grades 7-12
5
/10
Magnolia High School
1400 High School Dr
Distance between this listing and this school6.84 miles
Public District Grades 10-12
7
/10
Taylor High School
506 E Pine St
Distance between this listing and this school15.36 miles
The neighbors living near this home have an average income of $41,218. Typical income of Magnolia, AR residents is between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
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 sits on a 21.00 acre lot. It has been listed on Rocket Homes since June 25, 2024 and is currently priced at $119,900.
While more than 0 listings in Magnolia, AR in September 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 3 were sold below. Between August 2024 and September 2024, Magnolia, AR real estate market has seen increase in the number of listings by 10.5%.
From Rocket Homes Real Estate and based on county public records data.
The 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.
NASCAR
NASCAR
Hunting
Monster Trucks
Dollar General
Wal-Mart
Academy Sports & Outdoors
Hardee's
Jimmy Johns
Dominos Pizza
GMC
Ram
Chevrolet
Classic Country
New Country