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199 Lakewood Est, Monticello, AR, 71655

4beds
3baths
2,440sqft
$245,000
$100price/sqft
$1,700/moest. monthly cost
$68,000/yrincome needed

About This Home

Charming 4-bedroom, 2.5-bath home on the edge of Monticello, full of character and natural light! This spacious property sits on a quiet dead-end road, offering extra privacy and a large yard for everyone to enjoy. Inside, you’ll find tons of storage and thoughtful updates throughout, including fresh paint downstairs, new flooring, replaced joists in the front living room, and a moisture barrier under the entire home. The kitchen features a unique DIY cabinet remodel, and the sunroom has been enhanced with stylish barn doors. A nice back porch adds the perfect spot for relaxing or entertaining.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

6/10
4/10
Monticello Middle SchoolGrades 6-84.2 mi
5/10
Monticello High SchoolGrades 9-124.1 mi

Construction

Condition

  • Year built: 1950

Materials

  • Foundation: Crawl Space
  • Roof: Metal
  • Construction materials: Metal/Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Craftsman
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Built-In Range
  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Dining Room

  • Features: Separate Dining Room

Features

  • 3 Bedrooms Upper Level
  • Flooring: Wood,Luxury Vinyl
  • Fireplace features: None

Heating & Cooling

  • Heating features: Central Heat-Unspecified
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,440
  • Total interior livable area: 2,440 sqft

Property

Details

  • Parcel number: 00106603009

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 3.92 Acres
  • Features: Level,Rural Property,Not in Subdivision

Parking

  • Total spaces: 2
  • Parking features: Carport,Two Car
  • 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

  • Heat Wave
    Heat WaveRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Heat Wave
Ice Storm
Strong Wind
Tornado
Cold Wave
Earthquake
Hail
Lightning

FEMA Declared Disasters Across Arkansas Counties

Flood
Severe Storm
Tornado
Winter Storm

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

MonthlyAnnual
Mortgage $1,238$14,856
Home Insurance $180$2,160
Property Taxes $106$1,272
Electricity $176$2,120
Total$1,700$20,400

Income You'd Need if You Spent...

35% on housing$58,285/yr
40% on housing$51,000/yr
45% on housing$45,333/yr

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.

Insurance Growth Rate5-year average: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 12.6%
12.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$100This listing

vs Other Active Listings

Avg $/sqft

ZIP 71655$96
Drew County$93

vs Homes Sold Last Month

Median $/sqft

ZIP 71655
Drew County$117

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)

No zestimate history available

Price History

DateEventPrice
2025-10-02Listed for sale$265,000
2023-07-07Sold$240,000
2023-05-10Contingent$248,000
2023-04-28Price change$248,000
2023-04-18Price change$260,000
2023-03-30Price change$270,000
2023-03-24Price change$280,000
2023-03-08Listed for sale$292,000

For Sale by Agent

AgentConnor G Wilkerson
BrokerageWilkerson Real Estate Company

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