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    Hlp 74 Monticello, AR 71657

    Sponsored
    For Sale
    $166,500

    74 Acres, Prime Hunting Land, $166,500

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 74-acre property in Drew County, Arkansas, presents a unique investment opportunity combining timberland and recreational uses. Located conveniently off New Light Road, the tract boasts a mix of planted pines and naturally regenerating hardwoods, creating a diverse and attractive landscape. The predominantly pine composition offers excellent potential for timber harvesting, while the interspersed hardwoods provide crucial habitat for wildlife. Hunters will appreciate the abundant deer population in this area, known for its successful hunting seasons. The land's $2,250 per acre price point reflects its strong potential for both immediate and long-term returns. The property's size and composition make it ideal for a variety of uses, from hunting and recreation to timber management and potential future development. With its strategic location and diverse features, this property offers a compelling investment opportunity for those seeking a blend of recreational enjoyment and financial growth in a desirable Arkansas setting. The address is HLP 74, Monticello, AR 71657. The property is zoned for agricultural, timber, and hunting/recreational uses.

    Property Features for 0 Hlp 74

    General Information

    Property type
    Agricultural land
    Lot Size
    3,223,440 SF

    HighLights

    • 74‑acre recreational and timberland property in Drew County, Arkansas.
    • Asking price: $166,500.
    • $2,250 per acre land value.
    • Property features planted pines and natural regeneration of hardwoods and pines.
    • Excellent deer hunting opportunities.
    • Accessed via New Light Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monticello
    County
    Drew
    State
    Arkansas
    Longitude
    -91.79
    Latitude
    33.58

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    FAQs

    What type of property is this?
    Agricultural land - 74 Acres, Prime Hunting Land, $166,500
    Where is this agricultural land located?
    The property is located at Hlp 74 Monticello, AR.
    What is the asking price?
    The asking price for this property is $166,500.
    What are key features of this property?
    This property features: 74-acre recreational and timberland property in Drew County, Arkansas.; Asking price: $166,500.; $2,250 per acre land value.
    Request Owner's contact information
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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
    Hlp 74 Monticello, AR 71657
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