Right of Way

Responsible for acquiring and managing all right of way necessary for the construction and maintenance of highways in the State of Arkansas. As well, the Division is responsible for the adjustment of utility facilities necessary for the construction of highway projects.

5401 Woodbury Cove Paragould, AR

PROPOSED SALE OF REAL PROPERTY
Greene County Arkansas

Notice is hereby given that on, October 12th at 11:00 a.m., the Arkansas Department of Transportation (ARDOT) will offer by sealed bid the following property for sale:

The property address is 5401 Woodbury Cove, Paragould, Arkansas.

This property appraised for $465,000.00 on July 14, 2022.

Note: This property will be sold AS IS, WHERE IS.

The subject property is on the north side of Woodbury Cove with access from Woodbury Cove and identified as Lot 13 of Bronze Leaf Estates 1. The property is currently zoned R-1, Residential, by the City of Paragould, AR. The subject property has a total area of 1.02 Acres. The subject property has a one-story residence with a basement, with a combined total area of 5,048 square footage. The dwelling has four bedrooms and four and one-half baths. The dwelling is equipped with a concrete wall safe room. The property has all city utilities available.

The dwelling has been vacant for approximately five years. The utilities were turned on and the dwelling was inspected on July 14, 2022. The HVAC system would not respond. The water heaters were disconnected, and power turned off, prior to the water system being charged. There were no other issues noted at that time. This sale is subject to approval by the Arkansas Highway Commission. The purchaser will be required to pay a deposit / earnest money in the amount of $3,500.00. The deposit will be due within 5 days from the end of the auction. The remaining balance will be due within 30 days after the Commission has approved the sale.

The cost of the appraisal and recording fees will be added to the sale price of the property. The appraisal cost is $500.00. The recording fees will be $60.00.

The total sale price of this property is $465,560.00.

Any offers below $465,560.00 will be rejected.

The Arkansas Department of Transportation reserves the right to reject any and all bids.

** The house will be open for inspection from 1:00PM to 7:00PM on October 4, 2022.**

All offers shall be in a sealed envelope and mailed or hand delivered to:

Arkansas Department of Transportation
P.O. Box 2261, Right of Way Division, Rm. 702
Little Rock, AR 72203-2261
Attn:  Property Management – Tract 59X Sealed Bid

All offers must be in room 702 at 11:00AM on October 12, 2022 in order to be considered.

For more information, please contact the ARDOT Property Managers, Sherman Whittle at (501)569-2318 or Katie Gilbertson at (501)569-2317.


Appraisal

SurveyTract 1 only

Aerial