NOT LISTED FOR SALE

331 W Cherry St Alma, AR 72921

Estimated Value: $1,968,930

2 Beds
2 Baths
1,512 Sq Ft
$1,302/Sq Ft Est. Value

Last Sold May 27, 2014

Last sale price $19,000 $13 Per Sq Ft

Est. 10,263% increase in value since last sale

Current estimated payment $11,168/month

417 Days on Market

Highlights

  • 1-Story Property
  • Alma High School Rated 9+
  • Carpet

About This Home

As of May 2014

Property is zoned residential, but can also use as a business. Good location for any business, close to WalMart, interstate and highway. Two bedroom, two bath. Would make a good rental,Must have pre-approval or proof of cash

Last Agent to Sell the Property

McClendon Cindy

River City Realty, LLC License #SA00040366 Listed on: 03/05/2013

Last Buyer's Agent

Brandon Inge

The Heritage Group Real Estate License #EB00074612

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,139

Lot Details

  • Lot Dimensions are 135 x 93
  • Cleared Lot
  • Zoning described as Commercial

Parking

  • Gravel Driveway

Home Design

  • Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1,512 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • Alma Elementary And Middle School
  • Alma High School

Utilities

  • Gas Water Heater

Community Details

  • Reeves Add Subdivision

Listing and Financial Details

  • Tax Block 3
  • Assessor Parcel Number 710-01286-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,139

Lot Details

0

Listing Details

  • Reso Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • ResoLotFeatures: Cleared
  • Co List Office Mls Id: F3137
  • ResoSpecialListingConditions: None
  • Subdivision Name: Reeves Add
  • Directions: East of Wal-Mart
  • Carport Y N: No
  • Reso Flooring: Carpet, Vinyl
  • Garage Yn: No
  • Unit Levels: One
  • Reso Roof: Asphalt, Shingle
  • Reso Structure Type: House
  • Year Built Details: Age Unknown
  • ResoBuildingAreaSource: PublicRecords
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Gas Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: None
  • Construction Type: Frame
  • Exterior Features: Gravel Driveway
  • Foundation Details: Crawlspace

Garage/Parking

  • Parking Features: Driveway, Gravel

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Schools

  • Ninth Grade High School: Alma
  • Middle Or Junior School: Alma

Lot Info

  • Lot Dimensions: 135 x 93
  • Parcel #: 710-01286-000
  • Zoning Description: Commercial

Tax Info

  • Tax Annual Amount: 57.0
  • Tax Block: 3
  • Tax Lot: .

MLS Schools

  • Elementary School: Alma

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2021
Sold by
Adart Properties Llc
Bought by
Ari Ventures Llc
Current Estimated Value
$1,968,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,018,000
Outstanding Balance
$215,562
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$1,563,222

Purchase Details

Closed on
Sep 27, 2018
Sold by
Ridge Investment Group Llc
Bought by
Adart Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,036,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 16, 2018
Sold by
Alma Land Investments Llc
Bought by
Ridge Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,220,000
Interest Rate
3.94%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 5, 2013
Closed on
May 8, 2014
Sold by
The Secretary Of Veterans
Bought by
Wimberley Denver
Seller's Agent
McClendon Cindy
River City Realty, LLC
Buyer's Agent
Brandon Inge
The Heritage Group Real Estate
List Price
$44,900
Sold Price
$19,000
Premium/Discount to List
-$25,900
-57.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.33%

Purchase Details

Closed on
Jan 4, 2013
Sold by
Reed Richard D
Bought by
Midfirst Bank

Purchase Details

Closed on
Dec 28, 2012
Sold by
Midfirst Bank
Bought by
Secretary Of Veterans Affairs

Purchase Details

Closed on
May 14, 1997
Bought by
M and -Reed
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ari Ventures Llc $1,400,000 None Available
Adart Properties Llc $1,480,000 Waco Title Agent
Ridge Investment Group Llc $275,000 None Available
Wimberley Denver $19,000 Waco Title Co
Midfirst Bank -- None Available
Secretary Of Veterans Affairs -- None Available
M -- --
Yarbrough-Reed -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ari Ventures Llc $1,018,000
Previous Owner Adart Properties Llc $1,036,000
Previous Owner Ridge Investment Group Llc $1,220,000
Previous Owner Schubach Albert P $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2014 05/27/14 Sold $19,000 -57.7% $13 / Sq Ft
04/27/2014 04/27/14 Pending -- -- --
03/05/2013 03/05/13 For Sale $44,900 -- $30 / Sq Ft
Source: Western River Valley Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2024 $8,139 $213,470 $79,500 $133,970
2023 $7,461 $213,470 $79,500 $133,970
2022 $6,782 $127,490 $17,950 $109,540
2021 $6,782 $127,490 $17,950 $109,540
2020 $6,782 $127,490 $17,950 $109,540
2019 $6,910 $127,490 $17,950 $109,540
2018 $672 $12,400 $4,500 $7,900
2017 $69 $1,280 $1,200 $80
2016 $69 $1,280 $1,200 $80
2015 $69 $9,780 $1,200 $8,580
2014 $530 $9,780 $1,200 $8,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western River Valley Board of REALTORS®

MLS Number: 675017

APN: 710-01286-000