NOT LISTED FOR SALE

7112 Gap Ridge Dr Sherwood, AR 72120

Estimated Value: $305,000 - $322,000

3 Beds
2 Baths
1,972 Sq Ft
$158/Sq Ft Est. Value

Last Sold August 25, 2020

Last sale price $224,000 $114 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,803/month

6 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Furnished
  • Traditional Architecture
  • Whirlpool Bathtub
  • Great Room

About This Home

As of August 2020

A beautiful well kept home located in one of Sherwood's finest neighborhoods. Large great room with an open concept. High ceilings, lots of crown molding, formal dining, kitchen with corian counter tops, breakfast bar, built-in oven and microwave. Large master suite, bath and walk-in closet. Patio with large deck.

Last Agent to Sell the Property

Tish Edgar

McKimmey Associates REALTORS NLR Listed on: 06/30/2020

Last Buyer's Agent

Mark Harrison

IRealty Arkansas - Cabot

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,064

Year Built

  • Built in 2005

Lot Details

  • 9,148 Sq Ft Lot
  • Fenced
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Metal Siding

Interior Spaces

  • 1,972 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Wired For Data
  • Sheet Rock Walls or Ceilings
  • Ceiling Fan
  • Gas Log Fireplace
  • Electric Fireplace
  • Insulated Windows
  • Window Treatments
  • Insulated Doors
  • Great Room
  • Formal Dining Room
  • Attic Ventilator
  • Fire and Smoke Detector
  • Washer and Electric Dryer Hookup

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Gas Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Whirlpool Bathtub
  • Walk-in Shower

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,064

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: Residential
  • Style: Traditional
  • Ext Features: Patio, Deck, Fully Fenced, Guttering
  • Inside City Limits: Yes
  • LVT Date: 07/01/2020
  • Price Per Sq Ft: 113.59
  • Road Surface: Paved
  • Type: Detached
  • Warranty: 3rd Party Home Warranty
  • Estimated Year Built: 2005
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2005

Interior Features

  • Dining Room: Separate Dining Room, Breakfast Bar
  • Fireplace: Gas Starter, Gas Logs Present, Electric Logs
  • Bedrooms: Primary Bedroom Apart, 3 Bedrooms Same Level
  • Estimated Sq Ft: 1972
  • Bedrooms: 3
  • Floors: Carpet, Wood, Tile
  • Foundation: Slab
  • Full Bathrooms: 2
  • Interiors: Washer Connection, Dryer Connection-Electric, Whirlpool/Hot Tub/Spa, Smoke Detector(s), Window Treatments, Walk-In Closet(s), Ceiling Fan(s), Walk-In Shower, Furnished, Wired For Highspeed Inter
  • Kitchen Equip: Microwave, Gas Range, Dishwasher, Disposal, Pantry, Refrigerator-Stays, Ice Maker Connection, Wall Oven
  • Other Rooms: Great Room
  • Stories: One Story
  • Walls Ceilings: Sheet Rock

Exterior Features

  • Exterior: Brick, Metal/Vinyl Siding
  • Roof: Composition

Garage/Parking

  • Parking: Garage, Two Car, Auto Door Opener

Utilities

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

Lot Info

  • Estimated Lot Size: 0.21
  • Lot: Level, In Subdivision
  • Geo Subdivision: AR

Green Features

  • Energy Features: Insulated Windows, Insulated Doors, Attic Vent-Electric

Tax Info

  • Annual Taxes: 2064.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2020
Closed on
Aug 21, 2020
Sold by
Davis Jennifer L and Young William S
Bought by
Mcnutt Kenneth Lee
Seller's Agent
Tish Edgar
McKimmey Associates REALTORS NLR
Buyer's Agent
Mark Harrison
IRealty Arkansas - Cabot
List Price
$224,000
Sold Price
$224,000
Current Estimated Value
$311,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,031
Avg. Annual Appreciation
6.55%
Original Mortgage
$201,600
Outstanding Balance
$178,500
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$132,531

Purchase Details

Listed on
Jan 5, 2015
Closed on
Mar 9, 2015
Sold by
Dooley Michael S and Dooley Janice Marie
Bought by
Young William S and Davis Jennifer L
Seller's Agent
Michele Phillips
Michele Phillips & Co. Realtors
Buyer's Agent
Tish Edgar
McKimmey Associates REALTORS NLR
List Price
$214,900
Sold Price
$208,000
Premium/Discount to List
-$6,900
-3.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.36%
Original Mortgage
$204,232
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 27, 2012
Sold by
Maxfield Jill and Maxfield Tedd
Bought by
Dooley Michael S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,500
Interest Rate
4.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2010
Sold by
Maxfield Tedd Michael and Maxfield Jill Diane
Bought by
Maxfield Jill and Maxfield Tedd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,250
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2008
Sold by
Goodman James S and Goodman Diana I
Bought by
Maxfield Tedd Michael and Maxfield Jill Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 28, 2005
Sold by
Horton Custom Homes Inc
Bought by
Goodman James S and Goodman Diana I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,580
Interest Rate
7.75%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Sep 23, 2004
Sold by
Metropolitan Realty & Development Llc
Bought by
Horton Custom Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Mcnutt Kenneth Lee $224,000 Land Title
Young William S $208,000 None Available
Dooley Michael S $203,000 Pulaski County Title
Maxfield Jill -- Pulaski County Title
Maxfield Tedd Michael $210,000 American Abstract & Title Co
Goodman James S $217,000 --
Horton Custom Homes Inc $34,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcnutt Kenneth Lee $201,600
Previous Owner Young William S $204,232
Previous Owner Dooley Michael S $117,500
Previous Owner Maxfield Jill $198,250
Previous Owner Maxfield Tedd Michael $199,500
Previous Owner Goodman James S $194,580
Previous Owner Horton Custom Homes Inc $252,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/25/2020 08/25/20 Sold $224,000 0.0% $114 / Sq Ft
06/30/2020 06/30/20 For Sale $224,000 +7.7% $114 / Sq Ft
03/09/2015 03/09/15 Sold $208,000 -3.2% $105 / Sq Ft View Prior Sale
02/07/2015 02/07/15 Pending -- -- --
01/05/2015 01/05/15 For Sale $214,900 -- $109 / 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 $2,064 $51,453 $9,800 $41,653
2024 $2,064 $51,453 $9,800 $41,653
2023 $2,064 $51,453 $9,800 $41,653
2022 $2,311 $51,453 $9,800 $41,653
2021 $2,245 $39,620 $7,900 $31,720
2020 $1,865 $39,620 $7,900 $31,720
2019 $1,865 $39,620 $7,900 $31,720
2018 $1,890 $39,620 $7,900 $31,720
2017 $1,890 $39,620 $7,900 $31,720
2016 $2,414 $42,950 $8,200 $34,750
2015 $2,182 $42,950 $8,200 $34,750
2014 $2,182 $42,950 $8,200 $34,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cooperative Arkansas REALTORS® MLS

MLS Number: 20020072

Cooperative Arkansas REALTORS® MLS

APN: 22S-001-47-034-00