2407 Phillips Dr, Jonesboro, AR 72401 Property Records

Craighead County property record for 2407 Phillips Dr, Jonesboro, AR 72401

Property Summary

Property Type	Hotel
Details	50,594 sqft
Lot Size	3.83 acres (166,835 sqft)
Owner	Company Name on Record
Last Sale	$7,250,000 (Nov 2022)
Tax Bill	$49,157 (2025)
Deeds & Mortgages	Nov 2022 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`01-144283-03801`

Property Details

APN / Parcel Number

Primary APN	`01-144283-03801`
Alternative APN	`860226`

Interior

Stories	4 Stories
Building Area	50,594 sqft Gross Area
1st Floor Area	50,594 sqft
Flooring	Carpet
Interior Walls	Wallboard/Drywall

Exterior

Exterior Material	Brick
Fire Resistance	Wood or Wood & Steel Frame
Roof Material	Other
Lot Area	166,835 sqft (3.83 acres)
Pool Area	648 sqft
Canopy	850 sqft
Pole Barn	Pole Barn

Utilities, Heating & Cooling

Cooling System	None

Location & Zoning

Street Address	2407 PHILLIPS DR
City	JONESBORO
State	AR
Zip	72401-7310
Property Category	Commercial
Property Type	Commercial > Retail > Hotel
Legal Description	HOLIDAY PLAZA PT LOT 1 PT SW SW
Legal Range	04
Legal Township	14
Legal Section	28
Legal Subdivision	HOLIDAY PLAZA
Legal Block	1
Legal Lot Number	1
Jurisdiction	CRAIGHEAD AR
Township / Civil Division	NETTLETON
Census Block Group	1
Census Block	1045
Census Tract	403

Owner

Source: Craighead County records, as of August 17, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	2407 PHILLIPS DR, JONESBORO, AR 72401-7310
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Nov 17, 2022 · Amount on Record
Deed Sale	Nov 17, 2022 · Amount on Record
Prior Sale	Jan 9, 2020
Deed Document Number	202224838
Record Updated	Sep 20, 2026

November 2022: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	CRAIGHEAD AR
Recording Date	Nov 17, 2022
Property Address	2407 PHILLIPS DR, JONESBORO, AR 72401-7310
Document Number	2022R024838
Instrument Date	Nov 14, 2022
Instrument	2022R-024838
Transaction Type	Transfer
Record Updated	Nov 29, 2022

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$23,925.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	1 RAVINIA DR STE 900, 1, ATLANTA, GA 30346-2120

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	6420 CONGRESS AVE STE 1850, 1850, BOCA RATON, FL 33487-2896

Mortgage

Document Number	2022R024839
Date	Nov 17, 2022
Instrument	2022R-024839

Lender

Name	EVOLVE BANK & TRUST
Type	Bank

Agreement

Type	Stand-Alone First Mortgage
Amount	Amount Recorded
Term	60 Months
Due	Nov 14, 2027

Tax Assessment & Valuation

Source: Craighead County assessment roll, as of October 1, 2025

Property Jurisdictions

Type	Name
State	Arkansas
County	Craighead County
Municipality	Jonesboro City
Unified School District	Nettleton School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$49,157.00 (+20.3%)	$1,494,630 (+70.74%) Land $211,716 Building $1,282,914	$7,473,150 (-) Land $1,058,580 Building $6,414,570
2023	$40,861.00	$875,362 Land $211,716 Building $663,646	$7,473,150 Land $1,058,580 Building $6,414,570

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective September 25, 2024 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Community Rating System	Class 8 (10% premium discount)
Nearby Flood Policies	5 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	JONESBORO WATER SYSTEM serves 81,888 people · EPA ID AR0000124
Water Source	Groundwater
Last State Inspection	Mar 2026
Lead	1 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 60 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Optimum Cable	940 / 35
Verizon Fixed Wireless	300 / 20
AT&T Fixed Wireless · Fiber in parts of the area	100 / 20