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)

Deauville Abode

A 5,267-SF home in the Deauville Place neighborhood of west Little Rock’s Chenal Valley development drew an $830,000 transaction.

Jason and Mary Vangilder purchased the house from Randy James Construction Co. The deal is financed with a 30-year loan of $417,000 from Bank of the Ozarks and a five-year loan of $213,000 from Malvern National Bank.

The residence previously was linked with an April 2012 mortgage of $500,000 held by BancorpSouth Bank of Tupelo, Miss.

The location was acquired for $151,000 in April 2005 from Deltic Timber Corp. of El Dorado.

Courts Home

A 4,619-SF home in The Courts neighborhood of west Little Rock’s Chenal Valley development changed hands in a $534,000 sale.

The Jay Ramsey & Terra Ramsey Living Trust bought the house from Gerald Volpe Jr.

The deal is funded with a 15-year loan of $374,000 from Bank of the Ozarks.

The residence previously was tied to an October 2006 mortgage of $479,200 from Homecomings Financial LLC of Dal-

las and a July 2007 mortgage of $72,564 from U.S. Bank of Cincinnati.

Volpe purchased the property for $599,666 in October 2006 from Coburn Construction LLC, led by Roger Coburn.



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