NOT LISTED FOR SALE

507 May St Sherwood, AR 72120

Estimated Value: $130,000 - $147,000

2 Beds
2 Baths
1,061 Sq Ft
$128/Sq Ft Est. Value

Last Sold August 14, 2023

Last sale price $130,250 $123 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $797/month

14 Days on Market

Highlights

  • Deck
  • Traditional Architecture
  • Walk-In Closet
  • Wood Burning Stove
  • Wood Flooring
  • Laundry Room

About This Home

As of August 2023

Quaint and tidy home in the heart of Sherwood. This 2 bedroom 2 bath home features an excellent floor plan, large master suite, and walk in closet. Deck and back yard are perfect for entertaining. Fully fenced. Big front yard with large circle drive. Owner has taken pride in this home and it is very well maintained. Situated in a quiet, low traffic street, but convenient to parks, schools, restaurants and shopping with quick access to Highway 67/167. Come see this home soon before it's gone!

Last Agent to Sell the Property

Laura Gerstner

Engel & Völkers Listed on: 07/14/2023

Engel & Völkers

Last Buyer's Agent

Cathy Perry

IRealty Arkansas - Sherwood

IRealty Arkansas - Sherwood

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $591

Year Built

  • Built in 1989

Lot Details

  • 10,019 Sq Ft Lot
  • Wood Fence
  • Level Lot

Home Design

  • Traditional Architecture
  • Architectural Shingle Roof
  • Metal Siding

Interior Spaces

  • 1,061 Sq Ft Home
  • 1-Story Property
  • Sheet Rock Walls or Ceilings
  • Wood Burning Stove
  • Family Room
  • Combination Kitchen and Dining Room
  • Crawl Space
  • Laundry Room

Kitchen

  • Electric Range
  • Stove
  • Plumbed For Ice Maker
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Walk-in Shower

Outdoor Features

  • Deck
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 23S-006-00-100-01

Home Details

Home Type

Single Family

Est. Annual Taxes

$591

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Class: Residential
  • Style: Traditional
  • Ext Features: Deck, Fully Fenced, Outside Storage Area, Wood Fence
  • Inside City Limits: Yes
  • LVT Date: 07/14/2023
  • Road Surface: Paved
  • Street Designation: Avenue
  • Type: Detached
  • Warranty: Normal Wrkng Ordr, As O&a
  • Estimated Year Built: 1989
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1989

Interior Features

  • Dining Room: Kitchen/Dining Combo
  • Fireplace: Woodburning-Stove
  • Bedrooms: Primary Bedroom Apart, 2 Bedrooms Same Level
  • Estimated Sq Ft: 1061
  • Bedrooms: 2
  • Floors: Carpet, Wood, Laminate
  • Foundation: Crawl Space
  • Full Bathrooms: 2
  • Interiors: Walk-In Closet(s), Walk-In Shower
  • Kitchen Equip: Free-Standing Stove, Electric Range, Disposal, Ice Maker Connection
  • Other Rooms: Den/Family Room, Laundry
  • Stories: One Story
  • Walls Ceilings: Sheet Rock

Exterior Features

  • Exterior: Metal/Vinyl Siding
  • Roof: Architectural Shingle

Utilities

  • Utilities: Sewer-Public, Water-Public, Elec-Municipal (+Entergy)
  • Heat Air: Central Cool-Electric, Central Heat-Gas

Lot Info

  • Estimated Lot Size: 0.23
  • Estimated Lot Size: 10019
  • Lot: Level
  • Geo Subdivision: AR
  • Parcel Number: 23S-006-00-100-01

Tax Info

  • Annual Taxes: 591.05
  • Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2023
Closed on
Aug 11, 2023
Sold by
Schielke Samuel and Schielke Angela
Bought by
Adams Kennith and Stewart Faye
Seller's Agent
Laura Gerstner
Engel & Völkers
Buyer's Agent
Cathy Perry
IRealty Arkansas - Sherwood
List Price
$115,000
Sold Price
$130,250
Premium/Discount to List
$15,250
13.26%
Views
54
Current Estimated Value
$135,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,542
Avg. Annual Appreciation
1.90%
Original Mortgage
$104,200
Outstanding Balance
$101,781
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$34,011

Purchase Details

Listed on
Sep 20, 2013
Closed on
Dec 31, 2013
Sold by
Mccammon Allen L and Mccammon Linda C
Bought by
Schielke Samuel S
Seller's Agent
Michele Phillips
Michele Phillips & Co. Realtors
Buyer's Agent
Shanekia Parker-Rash
Edge Realty
List Price
$89,900
Sold Price
$80,000
Premium/Discount to List
-$9,900
-11.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.20%
Original Mortgage
$81,920
Interest Rate
4.26%
Mortgage Type
VA

Purchase Details

Closed on
Aug 25, 2008
Sold by
Mccammon Annalie V
Bought by
Mccammon Allen L and Mccammon Linda S

Purchase Details

Closed on
Mar 11, 2008
Sold by
Mccammon Allen L and Mccammon Annalie V
Bought by
Mccammon Allen L and Mccammon Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 2008
Sold by
Routh Joseph C and Routh Mischele W
Bought by
Mccammon Allen L and Mccammon Annalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage
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
Adams Kennith $130,250 National Title & Escrow
Schielke Samuel S $80,000 None Available
Mccammon Allen L -- Stewart Title Of Arkansas
Mccammon Allen L -- Stewart Title Co Of Ar Inc
Mccammon Allen L $80,000 Stewart Title Of Arkansas
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adams Kennith $104,200
Previous Owner Schielke Samuel S $81,920
Previous Owner Mccammon Allen L $63,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/14/2023 08/14/23 Sold $130,250 +4.6% $123 / Sq Ft
07/28/2023 07/28/23 Pending -- -- --
07/15/2023 07/15/23 Price Changed $124,500 +8.3% $117 / Sq Ft
07/14/2023 07/14/23 For Sale $115,000 +43.8% $108 / Sq Ft
12/31/2013 12/31/13 Sold $80,000 -11.0% $71 / Sq Ft View Prior Sale
12/01/2013 12/01/13 Pending -- -- --
09/20/2013 09/20/13 For Sale $89,900 -- $80 / Sq Ft
Source: Cooperative Arkansas REALTORS® MLS

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
2025 $988 $18,965 $3,750 $15,215
2024 $898 $18,965 $3,750 $15,215
2023 $898 $18,965 $3,750 $15,215
2022 $966 $18,965 $3,750 $15,215
2021 $899 $15,670 $3,750 $11,920
2020 $520 $15,670 $3,750 $11,920
2019 $520 $15,670 $3,750 $11,920
2018 $816 $15,670 $3,750 $11,920
2017 $893 $15,670 $3,750 $11,920
2016 $1,005 $17,820 $5,700 $12,120
2015 $905 $17,820 $5,700 $12,120
2014 $905 $16,752 $5,700 $11,052
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 23021627

Cooperative Arkansas REALTORS® MLS

APN: 23S-006-00-100-01