115 S Rainbow Rd, Cave Springs, AR, 72718

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115 S Rainbow Rd, Cave Springs$1,200,000

Buyer Closing Credits

$10,000^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingDetached, Garage, Garage Door Opener

Year Built1978

HeatingCentral, Electric, Heat Pump

CoolingCentral Air, Electric, Heat Pump

WaterfrontCreek, Pond

FireplaceLiving Room, Wood Burning

MLS #1266575

Lot Size18.80 Acres

StatusActive

About 115 S Rainbow Rd

Located in one the fastest growing areas of NWA, this 18.8 acre tract is located right off S. Rainbow Road with quick access to I-49. Don’t miss this rare investment opportunity that has development potential or create your own private wooded estate with scenic view of pond and wet weather creek. Property features a completely remodeled 1,674 sq foot 4 bedroom, 2 full bathroom home with 2 car detached garage/workshop and storm shelter. Property has additional outbuildings and northern border of property abuts Cave Springs Nature Preserve. Part of the northern part of the property is protected with the Cave Springs Area Karst Resource Conservation Regulations (CSK Regulations) and cannot be developed or built on. Bentonville Schools.

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Property Details

Property Features

Property Information:

• Architectural Style: Ranch
• Year Built: 1978
• Stories: 1
• Living Area: 1,674 SqFt

Listing Office:

• Office Name: Portfolio Sotheby's International Realty
• Office Phone: (479) 273-6697

Interior Features

Interior Information:

• Appliances: Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Cooktop, Self Cleaning Oven
• Basement: No
• Flooring Type: Laminate
• Interior: Granite Counters, Split Bedrooms, Walk-In Closet(s), Wood Burning Stove, Storage
• Fireplace: Living Room, Wood Burning

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 4

Exterior Features

Exterior Information:

• Waterfront: Creek, Pond
• Exterior: Gravel Driveway

Parking Information:

• Attached Garage: No
• Parking: Detached, Garage, Garage Door Opener

Lot Features

Lot Information:

• Lot: Level, Open Lot, Secluded, Views, Wooded
• Lot Size: 18.80 Acres

Utilities

Utilities Information:

• Heating: Central, Electric, Heat Pump
• Cooling: Central Air, Electric, Heat Pump

School Info

Assigned Schools Information:

• Rogers High School, Public District Grades 9-12
• Elmwood Middle School, Public District Grades 6-8

Other

Directions Information:

• Directions: From I-49 Exit 78; 3.6 miles toward Cave Springs, right on Rainbow Rd home is on your left. Or take Hwy 112 from Bentonville to Cave Springs, left on 265, left on Rainbow Rd .3 miles. Home is on your left.

Price Information

Listing Price Info

Price Summary:

• List Price: $1,200,000
• Price Per SqFt: $717/SqFt

Tax Information:

• Annual Amount: $1,526
• Tax Year: 2020

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Housing Market Comparison

See how this home compares to others in Cave Springs, AR.

Cave Springs, AR

City

Med. Sold Price

$550K

Med. Price/SqFt

$215

Avg. Days On Market

79

# of Sold Homes

12

115 S Rainbow Rd vs Cave Springs

80 DAYS ON ROCKET

+1 Day

$1,200,000

+$650K More

$717/SqFt

+$502 More

KEY TAKEAWAY

This property is $650K more than the Median Sold Price and $502/SqFt more than other homes in Cave Springs, AR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Name: ARKMLS
• MLS Number: #1266575

Listing Office:

• Office Name: Portfolio Sotheby's International Realty
• Office Phone: (479) 273-6697

Disclaimer: 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 the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 4:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$1,526	$25,030
2019	$1,525	$25,030
2018	$1,526	$25,030
2017	$1,531	$25,030

History based on county public records data.

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**Disclosures

Rocket Homes›Arkansas›Benton County›Cave Springs›72718›115 S Rainbow Rd

This home is located at 115 S Rainbow Rd in Cave Springs, AR and zip code 72718. This 1,674 square foot home, which was built in 1978, sits on a 18.80 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 08, 2024 and is currently priced at $1,200,000.

While more than 2 listings in Cave Springs, AR in March 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 3 were sold below. The number of homes for sale in Cave Springs, AR decreased by 6.8% between February 2024 and March 2024. In March 2024, listings were on the market for 79 days. During the same period, the median list price in this real estate market was $550,000.

From Rocket Homes Real Estate and based on county public records data.