Harper Family Reaps $1.3 Million From Farm Sale (Real Deals)

by George Waldon  on Monday, May. 30, 2011 12:00 am  

A 1,145-acre farm in southeast Pulaski County tipped the scales at $1.3 million.

U.S. Investment Realty Co., led by Rebecca Winemiller, bought the land a mile southeast of Sweet Home along Fourche Creek and Harper Road.

The sellers are the Ernest and Mary Harper Joint Revocable Trust, David Harper, Angela Harper Carmichael, the Anna L. Harper Revocable Trust and Alfred Harper.

The deal is backed with a three-year loan of $1.04 million from Arvest Bank of Fayetteville.

The Harper family began assembling the land in deals dating back to January 1923 and running through January 1950.


Duplex Deal

Eight duplexes in Jacksonville's Eastview neighborhood combined for a $1.02 million transaction.

Shamrock Management Inc., led by Peter O'Connell IV, purchased the duplexes in the Eastview neighborhood from Robert and Linda Meckfessel.

The deal is financed with an $826,000 loan from U.S. Bank of Minneapolis. The properties previously were tied to January 2008 and January 2009 mortgages totaling $448,000 held by Little Rock's Bank of the Ozarks.

The 1.7-acre property was bought in April 2006 as part of a $210,000 deal with Woodhaven Homes Inc., led by Jack Wilson.




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