703 S Franklin St, Lavaca, AR, 72941
About This Home
Seller will entertain all offers. Up to 7.54 +/- acres! This 5-bedroom, 2-bath brick home offers the perfect blend of convenience and privacy in the middle of town! The home is situated on approximately 0.65 acres with fenced in backyard, provides plenty of space to enjoy while still being just minutes from Lavaca schools and local shopping, and only 15 minutes to Chaffee Crossing, Arkansas Colleges for Health Education, and many amenities that Fort Smith offers. Inside, you’ll find a comfortable layout with recent updates that add both style and functionality. A large family room with a cozy fireplace creates a great space for gathering and relaxing. The home is ideal for families or anyone looking for a move-in ready property with room to grow. Step outside to a patio area out back, perfect for entertaining or enjoying the peaceful setting. The back portion of the property offers added seclusion, giving you privacy and space to unwind. Covered parking provides convenience and protection from the elements. Whether you’re looking for space, updates, or a convenient location, this property checks all the boxes. *An additional 6.38 +/- acres can also be purchased for $65,000. See last photo.*
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Materials
- Foundation: Slab
- Roof: Architectural,Shingle
- Construction materials: Brick,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Counter Top,Dishwasher,Electric Water Heater
- Laundry features: Electric Dryer Hookup,Washer Hookup,Dryer Hookup
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Features
- Built-in Features,Ceiling Fan(s),Pantry
- Flooring: Ceramic Tile,Laminate,Simulated Wood
- Number of fireplaces: 1
- Fireplace features: Family Room
- Fireplace: Yes
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 2,648 sqft
Property
Details
- Parcel number: 6935901030000000
- Special condition: None
Features
- Levels: One
- Stories: 1
- Pool features: None
- Patio & porch: Patio
- Fencing: Partial
Lot
- Lot size: 0.65 Acres
- Features: Cleared,City Lot,Level,Wooded
- Lot size dimensions: 125 x 380
Parking
- Total spaces: 2
- Parking features: Detached Carport,Asphalt
- Covered spaces: 2
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Cold Wave
- Heat Wave
- Inland Flooding
- Lightning
- Tornado
- Winter Weather
- Drought
- Strong Wind
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters Across Arkansas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,281 | $15,372 |
| Home Insurance | $228 | $2,736 |
| Property Taxes | $130 | $1,560 |
| Electricity | $191 | $2,301 |
| Total | $1,830 | $21,960 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-30 | Price change | $253,500 |
| 2026-05-08 | Price change | $293,500 |
| 2026-04-04 | Price change | $299,500 |
| 2026-02-03 | Listed for sale | $293,500 |
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