Residence Inn Draws $7 Million Transaction (Real Deals)

by George Waldon  on Monday, Jul. 15, 2013 12:00 am  

Residence Inn by Marriott at 1401 S. Shackleford Road in west Little Rock. (Photo by Mauren Kennedy)

The 3.38-acre property was acquired for $185,000 in November 2007 from the estate of Donald Inmon.

Rural Land

A rural parcel in west Pulaski County sold for $390,000.

Morton Enterprises LLC, led by James and Carol Morton, bought the 47 acres on the north side of Kanis Road about eight miles west of Ferndale. The seller is L&L Investments Ltd., led by H.T. Larzelere.

The deal is funded with a five-year loan of $390,000 from Arvest Bank of Fayetteville.

L&L purchased the property for $250,000 in April 1995 from Marvin Henry Maurras.

PV Residence

A 4,896-SF home in west Little Rock’s Pleasant Valley neighborhood rang up a $1.14 million sale.

Lydia Lane acquired the house from Gerald and Catherine Martindill.

The deal is backed with a 10-year loan of $1.03 million from IberiaBank of Lafayette, La.

The residence previously was tied to a December 2007 mortgage of $300,000 held by Pulaski Bank & Trust of Little Rock and a March 2010 mortgage of $250,000 and a December 2010 mortgage of $281,974 held by Bank of Little Rock.

The property was bought for $55,000 in October 1978 from Jack Dowdy & Co.



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