Athletic Trio Transaction Adds Up to $18.8 Million (Real Deals)

by George Waldon  on Monday, Jul. 1, 2013 12:00 am  

Little Rock Athletic Club at 4610 Sam Peck Road in west Little Rock. (Photo by Mauren Kennedy)

A 4,503-SF home in The Oaks neighborhood of west Little Rock’s Chenal Valley development drew a $550,000 transaction.

The Anne W. Maxey Revocable Trust bought the house from the Quercus Circle Trust, led by Judith Tenenbaum.

The property was purchased for $772,000 in August 2006 from Rees Development Inc., led by John Rees.

Condo Sale

High-rise condominium space in downtown Little Rock sold for $527,000.

Andrew and Susan Meadors acquired the 1,847-SF unit on the 17th floor of the River Market Tower at 315 Rock St. The seller is River Market Tower LLC, led by Jimmy Moses and Rett Tucker.

The 1.2-acre development is financed with a $47.6 million mortgage that River Market Tower BDF III LLLP of Denver purchased in a discounted transaction with Metropolitan National Bank in December 2012.

The site on the east side of Rock Street between Third and Fourth streets was bought in October 2005 as part of a $5.08 million deal with the Arkansas Teacher Retirement System, the state’s largest pension fund.

Cliffewood Home

A 2,880-SF home in Little Rock’s Cliffewood neighborhood sold for $505,000.

Christopher and Julie Mehlin purchased the house from Vernon and Susan Scott. The deal is financed with a 30-year loan of $404,000 from One Bank & Trust.

The residence previously was linked with a November 2012 loan of $389,500 from Bank of Little Rock Mortgage Corp. and a July 2011 mortgage of $37,500 held by Arvest Bank of Fayetteville.



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