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    0000 Allen Dr Monticello, AR 71655

    For Sale
    $582,300

    Acreage - Monticello, AR

    Lot size:
    64.70 Acres
    Days on Market:
    227
    Last Refresh:
    Dec 13 at 7:06 am

    Property Features for 0000 Allen Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    64.70 Acres

    Building Details

    Architectural style
    Other

    Monticello Realty (870) 224-4040

    Listing agent Virginia Ward (870) 224-4040

    Listing date May 1, 2025

    MLS# 22030383 Listing URL

    Copyright © 2025 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    64+ Acre Monticello Land Parcel

    This property offers a rare opportunity to purchase over 64 acres in a location close to town. The land has residential development potential or can be used for private enjoyment. Located on Allen Drive in Monticello, the front few acres are cleared for a build site. The remaining acreage features mature hardwoods that have been in the same family for years. A survey is available upon request.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Hair Salon Nursing Home Italian Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Drew
    State
    Arkansas
    Longitude
    -91.7747
    Latitude
    33.6187

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    FAQs

    What type of property is this?
    Land - Large acreage with residential development potential near Monticello.
    Where is this land located?
    The property is located at 0000 Allen Dr Monticello, AR.
    What is the asking price?
    The asking price for this property is $582,300.
    What are key features of this property?
    This property features: - Over 64 acres of land.; - Residential development potential.; - Great location close to town (Monticello).
    (870) 224-4040
    Request Owner's contact information
    0000 Allen Dr Monticello, AR 71655
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    0000 Allen Dr Monticello, AR 71655
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