Southwest Little Rock Office-Retail Site Fetches $1.1 Million (Real Deals)

by George Waldon  on Monday, Nov. 5, 2012 12:00 am  

A 3,198-SF home in Little Rock’s Hillcrest neighborhood is under new ownership after a $660,000 deal.

Jeffrey and Lori Carfagno acquired the house from Robert and Charlene Hicks.

The deal is financed with a 30-year loan of $417,000 and a $68,000 second mortgage from Centennial Bank of Conway.

The residence previously was tied to June 2007 mortgages of $728,044 held by Riverside Mortgage Co. of Little Rock and $155,633 held by Riverside Bank of Sparkman (Dallas County). The property was purchased for $725,000 more than five years ago from Lagniappe Ventures Inc., led by Cathy Pursell.

Deauville Home

A 3,987-SF home in the Deauville Place neighborhood of west Little Rock’s Chenal Valley development rang up a $510,000 sale. Manish Raj bought the house from Amy and Brian Eble. The deal is backed with a 30-year loan of $408,000 from One Bank & Trust.

The residence previously was linked with a June 2009 mortgage of $410,000 held by Regions Bank of Birmingham, Ala. The location was acquired for $114,000 in August 2005 from Deltic Timber Corp. of El Dorado.

Woodcrest Funding

Two North Little Rock commercial properties were used to secure a $5.5 million financial package. The Woodcrest Co. LLP, led by James P. Matthews, obtained the loans of $5.43 million and $65,261 from Centennial Bank.

The 21,000-SF Vali Hi Shopping Center at 4600 JFK Blvd. and the 3.1-acre Lakewood Gardens project at 3101 North Hills Blvd. previously were tied to an October 2011 mortgage of $2.4 million held by Arvest Bank of Fayetteville.

The Matthews family has owned the 5.1-acre Vali Hi property for more than 82 years.

The Lakewood Gardens property was purchased as part of two transactions with H.E. and Capitola Gibbs, $1,590 in May 1924; and the state of Arkansas, $215.27 in May 1935.



Please read our comments policy before commenting.

Latest Arkansas Business Poll

Do you approve of the president taking executive action on immigration?