Little Rock Bank Branch Resale Closes at $1.1 Million (Real Deals)

by George Waldon  on Monday, Oct. 29, 2012 12:00 am  

A 5,177-SF home in the Fontenay Circle neighborhood of west Little Rock's Chenal Valley development rang up a $730,000 sale.

Brian and Ann Noland bought the house from Stephen and Ashley Peeples. The deal is funded with a 30-year loan of $342,000 from First Security Bank of Searcy.

The residence previously was linked with a February 2010 mortgage of $300,000 held by Arvest Bank of Fayetteville.

The Peeples family acquired the property for $542,000 in September 2009.

The sellers were William and Elizabeth Evans.

Normandy House

A 3,395-SF home in Little Rock's Normandy neighborhood sold for $525,000.

Neadum Odum III purchased the house from John Tapp.

The deal is backed with a 30-year loan of $525,000 from Regions Bank of Birmingham, Ala.

The residence previously was linked with a January 2010 mortgage of $167,760 held by First Service Bank of Greenbrier.

Tapp is the lawyer for Landan Mitchell, who was sentenced to 12 years in prison for embezzlement earlier this year.

Mitchell used money stolen from Little Rock's Henry Corp. to help pay for renovating the property.

 

 

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