Our Way Apartments in WLR Sells for $2.88 Million (Real Deals)

by George Waldon  on Monday, Feb. 6, 2006 12:00 am  

Commercial property in southwest Little Rock shifted ownership in a transaction valued at $150,000.

CA&JL Enterprises Inc., led by James Bush, purchased the 8100 Geyer Springs Road property from John and Sue Bush. The deal is financed with a 30-year loan of $120,000 from Silver Hill Finance LLC of Coral Gables, Fla.

The 0.78-acre location was bought for $195,000 in May 1998.

The sellers were William and Elizabeth Terry, Joseph A. Terry and the Adolphine F. Terry Trust, 12.5 percent each; the estate of Leonard Drennan Jr., 8.34 percent; Mary Drennan Harne and her husband, Gary, and Leonard J. Drennan, 8.33 percent each; Joan Terry Oliver and her husband, J. Bruce, 6.95 percent; Tonya Terry Smith and her husband, William, 5.55 percent; Mary Yatsevitch, Margaret and Edward Yatsevitch, Stephanie Yatsevitch, Michael Yatsevitch and McGregor Yatsevitch, 5 percent each.

Chenal Abode I

A 4,500-SF home in west Little Rock’s Chenal Valley neighborhood tipped the scales at $650,000.

Frank Mullins Jr. and his wife, Molly, acquired the house from Edward and Lisa Wright. The residence previously was tied to an October 2002 mortgage of $207,000 held by Bank of the Ozarks in Little Rock and a January 2005 mortgage of $375,000 held by Metropolitan National Bank.

The location was purchased for $79,000 in October 2001 from Deltic Timber Corp. of El Dorado.

Cliffewood Home

A 3,200-SF home in Little Rock’s Cliffewood neighborhood changed hands for $635,000.

Daniel and Stephanie Bynum bought the house from Nikolai and Leslie Fisken. The deal is backed with a 30-year loan of $400,000 from One Bank & Trust of Little Rock.

The residence previously was linked with an August 2003 mortgage of $374,000 held by the bank.



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