S
Seller's Agent in 2016
Seven Hills Team
Prime Real Estate and Development
46 & 48 Cherry St Farmington, AR 72730
Estimated Value: $198,186 - $448,000
--
Bed
2
Baths
1,782
Sq Ft
$173/Sq Ft
Est. Value
Highlights
- Patio
- Partially Fenced Property
- Carpet
- Central Heating and Cooling System
- Level Lot
- 1-Story Property
About This Home
As of March 2016Nice all brick duplex (2 bedroom 1 bath each side) in central Farmington in a good neighborhood. Ten minutes to U of A and I-49.,Live on one side and rent the other. RD elligible area. These units are under-rented for today's market.
Last Agent to Sell the Property
Seven Hills Team
Prime Real Estate and Development Listed on: 07/29/2015
Last Buyer's Agent
Seven Hills Team
Prime Real Estate and Development Listed on: 07/29/2015
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $980
Year Built
- Built in 1981
Lot Details
- Partially Fenced Property
- Level Lot
Home Design
- Duplex
- Slab Foundation
- Shingle Roof
- Asphalt Roof
Interior Spaces
- 1,782 Sq Ft Home
- 1-Story Property
- Blinds
- Fire and Smoke Detector
Flooring
- Carpet
- Vinyl
Parking
- Gravel Driveway
- Parking Lot
Outdoor Features
- Patio
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Legal Lot and Block 5 / 11 & 12
Community Details
Overview
- 2 Units
- Farmington Original Subdivision
Building Details
- Gross Income $10,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 29, 2015
Closed on
Mar 28, 2016
Sold by
Swift Jean
Bought by
Miller Kenneth R
Seller's Agent
Seven Hills Team
Prime Real Estate and Development
Buyer's Agent
Seven Hills Team
Prime Real Estate and Development
List Price
$122,000
Sold Price
$85,000
Premium/Discount to List
-$37,000
-30.33%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,547
Avg. Annual Appreciation
14.29%
Original Mortgage
$63,750
Outstanding Balance
$50,407
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$257,140
Purchase Details
Closed on
Nov 7, 1997
Bought by
Brocks Inc
Purchase Details
Closed on
Jan 1, 1985
Bought by
Heikkila Carl and Heikkila Phyllis
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Miller Kenneth R | $85,000 | Lenders Title Company | |
| Brocks Inc | $72,000 | -- | |
| Heikkila Carl | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Miller Kenneth R | $63,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/28/2016 03/28/16 | Sold | $85,000 | -30.3% | $48 / Sq Ft |
| 02/27/2016 02/27/16 | Pending | -- | -- | -- |
| 07/29/2015 07/29/15 | For Sale | $122,000 | -- | $68 / Sq Ft |
Source: Northwest Arkansas Board of REALTORS®
Tax History Compared to Growth
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 | $1,329 | $30,820 | $7,000 | $23,820 |
| 2024 | $1,239 | $30,820 | $7,000 | $23,820 |
| 2023 | $1,185 | $30,820 | $7,000 | $23,820 |
| 2022 | $1,077 | $20,090 | $5,000 | $15,090 |
| 2021 | $1,043 | $20,090 | $5,000 | $15,090 |
| 2020 | $956 | $20,090 | $5,000 | $15,090 |
| 2019 | $872 | $16,120 | $5,000 | $11,120 |
| 2018 | $872 | $16,120 | $5,000 | $11,120 |
| 2017 | $864 | $16,120 | $5,000 | $11,120 |
| 2016 | $864 | $32,830 | $7,500 | $25,330 |
| 2015 | $1,760 | $32,830 | $7,500 | $25,330 |
| 2014 | $1,951 | $36,400 | $9,000 | $27,400 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Northwest Arkansas Board of REALTORS®
MLS Number: 740171
APN: 760-00877-000
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