Closed

$158,000

1516 Terrace, Magnolia, AR 71753

4beds

2,000sqft

Single Family Residence

Built in 1958

10,650 Square Feet Lot

$160,100 Zestimate^®

$79/sqft

$1,651 Estimated rent

Home value

$160,100

Estimated sales range

Not available

$1,651/mo

Zestimate^® history

Owner options

List your home for rent

$1,651/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$1,651/mo

Rent Zestimate^®

Refinance and save

$961/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$961/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

New flooringNew roof

4 BR / 1.5 Bath in the heart of Magnolia, you don't want to miss this one! Large open concept living and dining room. Off the kitchen you will find a large laundry and mud room w/access to back yard. This home also has a 7' x 6'5" room that is cedar lined with upper shelving and has space available for a chest freezer as well as gun safe, etc. PLEASE NOTE this room will remain locked during all showings for client safety. NEW ROOF August 2023 - NEW HVAC SYSTEM 2024 - NEW ELECTRICAL SERVICE (including main panel) installed by Steve Flow from H&F Electric June 2024 - NEW FLOORING 2025 *** MINIMUM OF 2 HOURS NOTICE NEEDED FOR SHOWINGS *** SQ. FOOTAGE IS APPROXIMATE and SHOULD BE MEASURED BY BUYER/BUYER'S AGENT FOR ACCURACY***

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Dining room

Features: Eat-in Kitchen, Living/Dining Combo

Heating

Natural Gas

Cooling

Electric

Appliances

Included: Free-Standing Range, Gas Water Heater
Laundry: Washer Hookup, Electric Dryer Hookup, Laundry Room

Features

Ceiling Fan(s), Granite Counters, Sheet Rock, 4 Bedrooms Same Level
Flooring: Vinyl
Basement: None
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 2,000
Total interior livable area: 2,000 sqft

Property

Parking

Total spaces: 4
Parking features: Parking Pad, Four Car or More

Features

Levels: One
Stories: 1
Patio & porch: Porch
Exterior features: Storage

Lot

Size: 10,650 Square Feet
Features: Level

Details

Parcel number: 010482500000

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Brick, Metal/Vinyl Siding
Foundation: Slab
Roof: 3 Tab Shingles

Condition

New construction: No
Year built: 1958

Utilities & green energy

Electric: Elec-Municipal (+Entergy)
Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected

Community & HOA

Community

Security: Safe/Storm Room
Subdivision: REEVES-COLQUITT

HOA

Has HOA: No

Location

Region: Magnolia

Financial & listing details

Price per square foot: $79/sqft
Tax assessed value: $132,630
Annual tax amount: $1,160
Date on market: 8/1/2025
Listing terms: VA Loan,FHA,Conventional,Cash
Road surface type: Paved

Price history

Date	Event	Price
10/7/2025	Sold	$158,000+3.9%$79/sqft
Source: CARMLS #25030582 Report a problem
8/22/2025	Price change	$152,000-3.8%$76/sqft
Source: CARMLS #25030582 Report a problem
8/1/2025	Listed for sale	$158,000$79/sqft
Source: CARMLS #25030582 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,220 +100.3%	$25,770 +4.5%
2024	$609 -3.9%	$24,650 +19.6%
2023	$634 +0.1%	$20,610 -8%
2022	$633 +10.9%	$22,410 +4.2%
2021	$571 +2.5%	$21,510 -7.8%
2020	$558 +8.9%	$23,340
2019	$512 -38.1%	$23,340
2018	$828 +16.7%	$23,340 +30.3%
2017	$709	$17,910
2016	--	$17,910
2015	--	$17,910
2014	--	$17,910
2013	--	--
2012	--	--
2011	--	$17,680
2010	--	$17,680 +2.3%
2009	--	$17,290