Bowman Plaza Sale Tops $10.1 Million (Real Deals)

by George Waldon  on Monday, Dec. 10, 2012 12:00 am  

Bowman Plaza I & II exited court-ordered caretaking  three years after Gene Cauley’s financial meltdown. (Photo by Jason Burt)

The home site was acquired for $193,000 in September 2008 from Deltic Timber Corp. of El Dorado.

Palisades Home

A 3,700-SF home in the East Palisades neighborhood of Little Rock rang up a $720,000 transaction.

Edward and Patricia Jeffries purchased the house from the Jean Roberts Revocable Trust. The deal is funded with a 30-year loan of $417,000 from Delta Trust Mortgage Inc. of Little Rock.

The residence was bought for $290,000 in May 1988 from Alfred and Florence Bowen.

Rural Residence I

A 4,997-SF home in west Pulaski County is under new ownership after a $618,000 deal. Lee and Sara Jones acquired the house from Robert and Renee Ortmann.

The deal is backed with a 30-year loan of $417,000 and a five-year loan of $77,000 from IberiaBank Mortgage Co. of Little Rock.

The residence previously was tied to a July 2009 mortgage of $767,500 held by Arvest Bank of Fayetteville.

The Ortmanns purchased the house for $770,000 in March 2008 from Jett Ricks Construction LLC.

Rural Residence II

A 4,114-SF home in west Pulaski County’s Reynolds Mountain neighborhood sold for $530,000.



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