NOT LISTED FOR SALE

109 Cherrywood Ln Searcy, AR 72143

Estimated Value: $137,000 - $225,000

4 Beds
2 Baths
1,232 Sq Ft
$143/Sq Ft Est. Value

Sale Details

Date Sold: December 16, 2015

Last sale price $28,400 $23 Per Sq Ft

Est. 521% increase in value since last sale

Current estimated payment $992 / mo

41 Days on Market

Highlights

  • Deck
  • Traditional Architecture
  • Porch
  • Westside Elementary School Rated A-
  • Wood Flooring
  • Paneling

About This Home

As of December 2015

This 4BR/2BA provides great opportunity to add value. 1 acre lot. Partial chain fence. Seller does not pay customary closing cost: including Title Policy, escrow fees, survey, or transfer fees. Proof of funds required on cash transactions, Lender Pre-Approval letter for financed offers (dated within last 30 days). Seller is Secretary of Veterans Affairs. See agent remarks for submitting offer. Property was built prior to 1978 and lead based paint potentially exists. SEE AGENT REMARKS

Last Agent to Sell the Property

Mark Lercher

RE/MAX Advantage Listed on: 09/29/2015

RE/MAX Advantage

Last Buyer's Agent

Mark Lercher

RE/MAX Advantage Listed on: 09/29/2015

RE/MAX Advantage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $531

Year Built

  • Built in 1966

Lot Details

  • 1 Acre Lot
  • Rural Setting
  • Partially Fenced Property
  • Chain Link Fence
  • Level Lot

Home Design

  • Traditional Architecture
  • Composition Roof
  • Metal Siding

Interior Spaces

  • 1,232 Sq Ft Home
  • 1-Story Property
  • Paneling
  • Sheet Rock Walls or Ceilings
  • Ceiling Fan
  • Combination Kitchen and Dining Room
  • Crawl Space
  • Washer and Electric Dryer Hookup

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Garage
  • Carport

Outdoor Features

  • Deck
  • Outdoor Storage
  • Porch

Utilities

  • Central Heating and Cooling System
  • Co-Op Electric
  • Septic System

Listing and Financial Details

  • Foreclosure

Home Details

Home Type

Single Family

Est. Annual Taxes

$531

Year Built

Built in 1966

Lot Details

1 Acres

Listing Details

  • Class: Residential
  • Style: Traditional
  • Ext Features: Deck, Porch, Partially Fenced, Outside Storage Area, Chain Link
  • Foreclosure REO: Yes
  • Road Surface: Paved
  • Street Designation: Lane
  • Type: Detached
  • Warranty: As-Is, Prsnt Cnd At Clsng
  • Estimated Year Built: 1966
  • Special Features: 1028
  • Property Sub Type: Detached
  • Year Built: 1966

Interior Features

  • Dining Room: Kitchen/Dining Combo
  • Bedrooms: 4 Bedrooms Same Level
  • Estimated Sq Ft: 1232
  • Bedrooms: 4
  • Floors: Wood, Vinyl
  • Foundation: Crawl Space
  • Full Bathrooms: 2
  • Interiors: Washer Connection, Dryer Connection-Electric, Ceiling Fan(s)
  • Kitchen Equip: Free-Standing Stove, Microwave, Dishwasher
  • Stories: One Story
  • Walls Ceilings: Paneling, Sheet Rock Ceiling

Exterior Features

  • Exterior: Metal/Vinyl Siding
  • Roof: Composition

Garage/Parking

  • Parking: Carport, One Car

Utilities

  • Utilities: Septic, Water-Public, Electric-Co-Op, Gas-Natural
  • Heat Air: Central Cool-Electric, Central Heat-Gas

Lot Info

  • Estimated Lot Size: 1
  • Estimated Lot Size: 1 acre
  • Lot: Level, Rural Property, Not In Subdivision
  • Geo Subdivision: AR

Tax Info

  • Annual Taxes: 530.53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2017
Sold by
Lester Lavonne C
Bought by
Lester Shannon A
Current Estimated Value
$176,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,800
Outstanding Balance
$32,376
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$144,019

Purchase Details

Closed on
Dec 15, 2000
Bought by
Blackburn Raymond

Purchase Details

Closed on
Oct 2, 1997
Bought by
Murray Murray O and Murray Loretta

Purchase Details

Closed on
Aug 1, 1994
Bought by
Benton Steven R and Benton Renita R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Lester Shannon A $40,000 None Available
Blackburn Raymond $67,000 --
Murray Murray O $65,000 --
Benton Steven R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lester Shannon A $38,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2015 12/16/15 Sold $28,400 -18.9% $23 / Sq Ft
11/16/2015 11/16/15 Pending -- -- --
09/29/2015 09/29/15 For Sale $35,000 -- $28 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $685 $17,200 $4,400 $12,800
2024 $685 $17,200 $4,400 $12,800
2023 $310 $17,200 $4,400 $12,800
2022 $360 $17,200 $4,400 $12,800
2021 $360 $17,200 $4,400 $12,800
2020 $354 $17,070 $5,000 $12,070
2019 $354 $17,070 $5,000 $12,070
2018 $379 $17,070 $5,000 $12,070
2017 $679 $17,070 $5,000 $12,070
2016 $679 $17,070 $5,000 $12,070
2015 $531 $13,330 $3,580 $9,750
2014 $531 $13,330 $3,580 $9,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 15028609

Cooperative Arkansas REALTORS® MLS

APN: 001-07308-000

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