227 W SCHOOL ST

CARAWAY, Arkansas, 72419

Tax DeedpendingSells Aug 18, 2026 · 45 days ago

View on map ↗

Opening bid

$2,163

Assessed value

$8,393

Land $600Improvement $7,793

Market / AVM

$41,965

Taxes owed

$2,163

Parcel number: 05-137151-06800
Case number: —
Land use: SFR
Beds / baths: 2 ba
Building: 1,305 sqft
Acreage: 0.321
Lot size: 13,985 sqft
Year built: —
Owner of record: WATERS, BILLY

Legal description

. 15 13N 7E 0 ACRES LOT 17-18 BLOCK E TUCKER & DOWNS ADDITION CITY SD RS CY

Property facts enriched via attom · 8/6/2026

Aerial view of 227 W SCHOOL ST — the parcel

Aerial view of 227 W SCHOOL ST — what is around it

Site & surroundings

Physical conditions that affect value and rarely appear on a listing.

FEMA flood zone AE — special flood hazard area
1% annual chance flood (100-year), with a published base flood elevation. Insurance mandatory with a federally backed loan. Flood insurance will be required for a federally backed mortgage, which is a permanent cost on any resale and can exceed the payment on a low-value parcel.
Industrial land (2 nearby)0.3 mi from parcel centre
Truck traffic and operating hours are the usual complaint.

Context

Elevation 226 ft
Ground elevation at the parcel. Compare with the FEMA base flood elevation where one is published.
11% of homes vacant year-round in Census Tract 10
191 of 1,705 units vacant year-round, around or below the national tract average.
Tract median home value $105,600
Self-reported median across the whole tract — context for whether a number is plausible, not a comparable and never a bid input.

Full property record

Ownership

Owner 1: Billy Waters
Owner type: Individual
Mailing address: PO BOX 634, CARAWAY, AR 72419-0634

Tax assessment

Assessed total: $8,393
Assessed land: $600
Assessed improvement: $7,793
Market total: $41,965
Market land: $3,000
Market improvement: $38,965
Property tax: $418
Tax year: 2025
Tax per sqft: $0
Improvement %: 92%
Tax code area: Rs Cy

Property characteristics

Property type: Single Family Residence

County records

Official appraiser / assessor — free, always available. Copy the parcel number if the link opens a search page.

Property Tax Search and Pay Property Taxes ↗search: 05-137151-06800
Google Maps (parcel / address search) ↗

Craighead County rules

Sale type: Tax Deed
Redemption: None after the sale — the owner's right ends at 4:00 p.m. the last business day before it (A.C.A. § 26-37-202)
Return if redeemed: N/A — outright deed transfer
Statute: Arkansas Code Title 26, Ch. 37 (§§ 26-37-202 sale and conveyance, 26-37-203 contest window)

Full county profile →

Historical comps

No historical bucket for AR|Tax Deed

No recorded comps yet for this state/sale type. Run deedpilot-copilot import-history --deep and build-history-index.

Index 2026-08-01 · 87,879 total recorded outcomes

Liens that survive

Limited warranty tax deed; municipal/improvement-district liens often survive; notice defects create challenge risk. Federal liens and access require full county research.

Quiet title

Standard path to marketable title after COSL deed; include legal cost in acquisition underwriting.

Verify before you bid

This record was compiled from the published sale list. Parcels are pulled, redeemed, and re-priced up to the moment of sale. Confirm the lot is still in the sale, and confirm the opening bid, directly with the county.

Craighead County Tax Collector’s Office (certifies to COSL) / COSL ↗

Deal analysis

Your maximum bid

$20,380

Walk away above this. Projected profit at the ceiling: $12,590 (30% of ARV).

Opening bid $2,163

Room to bid $18,217

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$8,635

Under max by $11,745

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

—

Median sold

—

p(redeem) prior

—

No historical bucket for AR|Tax Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $41,965. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $41,965
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$3,357
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical AR range ($2,500–$5,000, ~5 months).: −$3,750
Deed recording and transferassumed Typical AR recording and deed issuance cost.: −$38
Closing contingencyassumed Publication, service and filing incidentals. Not a lien allowance — surviving assessments are parcel-specific and are not covered by this.: −$500
Holding costs (18 months)assumed Taxes, insurance, and securing the property at ~$75/month.: −$1,350
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$12,590
Maximum bid: $20,380

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. COSL conveys by limited warranty deed and warrants nothing about title. A quiet title or confirmation action is needed for marketability, and title insurance being unavailable is expressly not grounds to cancel the sale.

AI risk brief

Reads this parcel against CraigheadCounty's rules and flags what could go wrong — surviving liens, redemption exposure, title cost, and the facts we don't have. Takes about 35 seconds; the result is saved, so opening this lot again is instant.

Site & surroundings

Physical conditions that affect value and rarely appear on a listing.

FEMA flood zone AE — special flood hazard area

1% annual chance flood (100-year), with a published base flood elevation. Insurance mandatory with a federally backed loan. Flood insurance will be required for a federally backed mortgage, which is a permanent cost on any resale and can exceed the payment on a low-value parcel.

Industrial land (2 nearby)0.3 mi from parcel centre

Truck traffic and operating hours are the usual complaint.

Context

Elevation 226 ft

Ground elevation at the parcel. Compare with the FEMA base flood elevation where one is published.

11% of homes vacant year-round in Census Tract 10

191 of 1,705 units vacant year-round, around or below the national tract average.

Tract median home value $105,600

Self-reported median across the whole tract — context for whether a number is plausible, not a comparable and never a bid input.

Deal analysis

Your maximum bid

$20,380

Walk away above this. Projected profit at the ceiling: $12,590 (30% of ARV).

Opening bid $2,163

Room to bid $18,217

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$8,635

Under max by $11,745

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

—

Median sold

—

p(redeem) prior

—

No historical bucket for AR|Tax Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $41,965. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $41,965
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$3,357
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical AR range ($2,500–$5,000, ~5 months).: −$3,750
Deed recording and transferassumed Typical AR recording and deed issuance cost.: −$38
Closing contingencyassumed Publication, service and filing incidentals. Not a lien allowance — surviving assessments are parcel-specific and are not covered by this.: −$500
Holding costs (18 months)assumed Taxes, insurance, and securing the property at ~$75/month.: −$1,350
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$12,590
Maximum bid: $20,380

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. COSL conveys by limited warranty deed and warrants nothing about title. A quiet title or confirmation action is needed for marketability, and title insurance being unavailable is expressly not grounds to cancel the sale.