Metropolitan Bank Branch Sale Closes at $1.7 Million (Real Deals)

by George Waldon  on Monday, Dec. 3, 2012 12:00 am  

The 0.77-acre development previously was linked with a March 2004 mortgage of $35,000 held by the U.S. Small Business Administration and a Decem-ber 2004 mortgage of $65,000 and a July 2006 mortgage of $75,000 held by Bank of Little Rock.

The property was bought for $150,000 in February 1992 from James and Elizabeth Osborne.

Hickory Creek Home

A 4,735-SF house in west Little Rock’s Hickory Creek neighborhood rang up an $860,000 sale. Robert and Brenda Bailey purchased the house from Michael and Jerene Montgomery.

The residence previously was tied to a January 2008 mortgage of $900,000 held by Centennial Bank of Conway.

The Montgomery family acquired the site for $115,000 in 2000 from Gary and Linda France.

Walton Heights House

A 2,122-SF home in west Little Rock’s Walton Heights neighborhood is under new ownership after a $525,000 transaction.

Gary Morrison and Stacy Hall bought the house from Rhonda Kerr. The deal is backed with a one-year loan of $538,500 from Simmons First Bank of Jonesboro.

The residence previously was linked with a December 2010 mortgage of $417,000 held by Regions Bank of Birmingham, Ala.

Kerr purchased the property for $215,000 in January 2005 from the Timothy E. Woods & Dorothy G. Woods Joint Revocable Trust.

Warehouse Mortgage



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