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    29-11-5 Ar State Hwy, Unit 138 Monticello, AR 71655

    For Sale
    $97,500

    Acreage - Monticello, AR

    Lot size:
    23.25 Acres
    Days on Market:
    251
    Last Refresh:
    Dec 8 at 5:06 am

    Property Features for 29-11-5 Ar State Hwy

    General Information

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

    Building Details

    Architectural style
    Other

    United Country - Neeley Forestry Service (870) 836-5981

    Listing agent Jordan Bradshaw (870) 836-5981

    Listing date Apr 2, 2025

    MLS# 25012690 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

    Monticello Acreage on Highway 138

    The Mt Tabor West Tract, situated approximately 12 miles east of Monticello, Arkansas, in Drew County, offers multiple opportunities. The property has about 0.25 miles of frontage on Arkansas State Highway 138 and about 0.25 miles of frontage on Drew County Road 62 (Brixie Road), providing convenient access. The tract spans 23.25 acres, more or less, and is located in Part of the Southwest Quarter (SW 1/4) of the Northeast Quarter (NE 1/4) of Section 29, Township 11 South, Range 5 West. Planted with loblolly pine established approximately 3 years ago, this tract presents a timberland investment opportunity. It also provides an ideal location for building a house and for hunting.
    Location Intelligence

    Current Use by Public Records

    Agricultural properties

    Map

    City
    Monticello
    County
    Drew
    State
    Arkansas
    Longitude
    -91.637204
    Latitude
    33.723297

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    FAQs

    What type of property is this?
    Land - 23.25 acres of timberland, investment, and hunting land.
    Where is this land located?
    The property is located at 29-11-5 Ar State Hwy, Unit 138 Monticello, AR.
    What is the asking price?
    The asking price for this property is $97,500.
    What are key features of this property?
    This property features: - Excellent access with frontage on both Arkansas State HWY 138 and Drew County Road 62 (Brixie Road).; - Established 3-year-old planted loblolly pine timberland investment.; - Ideal location for building a house.
    (870) 836-5981
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    29-11-5 Ar State Hwy, Unit 138 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

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    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
    29-11-5 Ar State Hwy, Unit 138 Monticello, AR 71655
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