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This is Insanity at its Worst

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas

More than 110 acres of pastureland west of Centerton in Benton County recently changed hands in separate transactions for a combined $7.59 million. The purchase price equals $68,701 per acre.​
EBGB Investments LLC, managed by Ed Blalock, bought 110.55 acres northwest of Arkansas highways 102 and 279. The property included a pole barn and a 1,320-square-foot, single-family home built in 1963.​
The seller was Coughlin Family LLC, managed by Cynthia H. Coughlin. EBGB Investments is owned by Springdale-based homebuilder Sunrise Homes. City Title & Closing LLC in Fayetteville was the title agent.​

It seems about every 4 or 5 years the price of land is doubling. I cannot see an end game until the entire county is paved over.
 

More than 110 acres of pastureland west of Centerton in Benton County recently changed hands in separate transactions for a combined $7.59 million. The purchase price equals $68,701 per acre.​
EBGB Investments LLC, managed by Ed Blalock, bought 110.55 acres northwest of Arkansas highways 102 and 279. The property included a pole barn and a 1,320-square-foot, single-family home built in 1963.​
The seller was Coughlin Family LLC, managed by Cynthia H. Coughlin. EBGB Investments is owned by Springdale-based homebuilder Sunrise Homes. City Title & Closing LLC in Fayetteville was the title agent.​

It seems about every 4 or 5 years the price of land is doubling. I cannot see an end game until the entire county is paved over.
That's Progress.
And more homes for appraisers to appraise.
 
That's Progress.
Depends upon your viewpoint. It is raping the environment, destroying land that used to grow food, and making an ugly scar of construction upon what not many years ago was a pastoral rural land.

Centerton - 1736289432453.png
The current population is over 23,000
 
Depends upon your viewpoint. It is raping the environment, destroying land that used to grow food, and making an ugly scar of construction upon what not many years ago was a pastoral rural land.

Centerton - View attachment 95258
When did you become an environmentalist? If open land in Bay Area could be built, housing shortage would be lessened. I'm for it.
 

More than 110 acres of pastureland west of Centerton in Benton County recently changed hands in separate transactions for a combined $7.59 million. The purchase price equals $68,701 per acre.​
EBGB Investments LLC, managed by Ed Blalock, bought 110.55 acres northwest of Arkansas highways 102 and 279. The property included a pole barn and a 1,320-square-foot, single-family home built in 1963.​
The seller was Coughlin Family LLC, managed by Cynthia H. Coughlin. EBGB Investments is owned by Springdale-based homebuilder Sunrise Homes. City Title & Closing LLC in Fayetteville was the title agent.​

It seems about every 4 or 5 years the price of land is doubling. I cannot see an end game until the entire county is paved over.
What is the endgame for the purchaser, or in other words what are their development plans?
 
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