NOT LISTED FOR SALE

736 W Cherry Ave Jonesboro, AR 72401

Estimated Value: $99,025 - $152,000

-- Bed
2 Baths
1,424 Sq Ft
$86/Sq Ft Est. Value

Last Sold July 05, 2019

Last sale price $47,200 $33 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $688/month

21 Days on Market

About This Home

As of July 2019

CASH FLOW! With conventional financing, property taxes, and insurance expenses this property brings home roughly $7,100 annually of cash flow with a traditional loan. 19.03 Cap Rate. Great duplex directly across from the CWL park, perfect for playing. Top unit rents for $575/mo and the lower unit is $690/mo. Owner paid utilities average $300/mo. This is a large lot that is zoned R-2 for anyone interested in redevelopment. Most of the HVAC system has been replaced within the last couple of years, and the exterior is in the process of being completely repainted.

Last Agent to Sell the Property

Trenton Hoggard

Century 21 Portfolio License #00077184 Listed on: 05/20/2019

Century 21 Portfolio

Last Buyer's Agent

Stephanie McDaniel

Century 21 Portfolio License #00071869

Century 21 Portfolio

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $382

Lot Details

  • 0.27

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property

Schools

  • Jonesboro Magnet Elementary School
  • Macarthur Middle School

Community Details

  • Utility Expense $300
  • Gross Income $15,216

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$382

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Property Sub Type: Duplex
  • Legal Description: Lot 7 Block 7 CULBERHOUSE 3RD ADD
  • Levels: Two Story
  • Special Features: None
  • Stories: 0

Exterior Features

  • Flood Zone: No

Utilities

  • Utility Expenses: 300.00

Condo/Co-op/Association

  • Association: nearkansas

Schools

  • Elementary School: Jonesboro Magnet
  • Middle School: Macarthur

Lot Info

  • Lot Measurement: A

Tax Info

  • Year: 2017
  • Taxes: 382.33

Multi Family

  • GrossIncome: 15216.00
  • Number Of Units: 1

MLS Schools

  • Elementary School: Jonesboro Magnet
  • Jr High School: Macarthur

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2019
Closed on
Jul 5, 2019
Sold by
Benzing Larry and Benzing Lori
Bought by
Oakstone Llc
Seller's Agent
Trenton Hoggard
Century 21 Portfolio
Buyer's Agent
Stephanie McDaniel
Century 21 Portfolio
List Price
$44,900
Sold Price
$47,200
Premium/Discount to List
$2,300
5.12%
Current Estimated Value
$122,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,556
Avg. Annual Appreciation
16.35%

Purchase Details

Closed on
Oct 29, 2007
Sold by
C2w Properties Llc
Bought by
Benzing Larry and Benzing Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,900
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 2004
Bought by
C2w Properties

Purchase Details

Closed on
Aug 31, 2004
Bought by
Heritage Bank

Purchase Details

Closed on
Mar 17, 2000
Bought by
Adorable Homes

Purchase Details

Closed on
Mar 16, 2000
Bought by
Meeks

Purchase Details

Closed on
Apr 30, 1999
Bought by
Hicks

Purchase Details

Closed on
Mar 26, 1990
Bought by
Phillips
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
Oakstone Llc $48,000 None Available
Benzing Larry $51,000 Professional Title Services
C2w Properties $260,000 --
Heritage Bank -- --
Adorable Homes -- --
Meeks $50,000 --
Hicks $46,000 --
Phillips $14,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Benzing Larry $45,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/05/2019 07/05/19 Sold $47,200 +5.1% $33 / Sq Ft
06/10/2019 06/10/19 Pending -- -- --
05/20/2019 05/20/19 For Sale $44,900 -- $32 / Sq Ft
Source: Northeast Arkansas 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
2025 $473 $11,203 $2,000 $9,203
2024 $473 $11,203 $2,000 $9,203
2023 $448 $11,203 $2,000 $9,203
2022 $411 $11,203 $2,000 $9,203
2021 $382 $9,060 $1,600 $7,460
2020 $382 $9,060 $1,600 $7,460
2019 $382 $9,060 $1,600 $7,460
2018 $382 $9,060 $1,600 $7,460
2017 $377 $9,060 $1,600 $7,460
2016 $340 $8,060 $1,800 $6,260
2015 $340 $8,060 $1,800 $6,260
2014 $340 $8,060 $1,800 $6,260
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2019

    Trenton Hoggard

    Century 21 Portfolio

    Section Image
  • Stephanie McDaniel

    Buyer's Agent in 2019

    Stephanie McDaniel

    Century 21 Portfolio

    (870) 933-0026

    68 in this area

    101 Total Sales

    Stephanie McDaniel
    Section Image
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Map

Source: Northeast Arkansas Board of REALTORS®

MLS Number: 10080684

Northeast Arkansas Board of REALTORS®

APN: 01-143241-15700

Arkansas Craighead County Jonesboro 72401

736 W Cherry Ave, Jonesboro, AR

This home is located at 736 W Cherry Ave, Jonesboro, AR 72401 since 20 May 2019 and is currently estimated at $122,756, approximately $86 per square foot. 736 W Cherry Ave is a home located in Craighead County with nearby schools including Annie Camp Junior High School, The Academies at Jonesboro High School, and Montessori School of Jonesboro.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northeast Arkansas Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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