GMAC Building Rings Up $7.1M Transaction (Real Deals)

by George Waldon  on Monday, Jul. 22, 2013 12:00 am  

The GMAC Building at 16101 La Grande Drive in west Little Rock. (Photo by Mauren Kennedy)

A 5,297-SF home in west Little Rock’s Adkins Estates neighborhood drew an $850,000 transaction.

Stylianos Rammos and Paraskevi Kyziropoulou acquired the house from W.J. Matchett. The deal is funded with a 30-year loan of $417,000 and a five-year loan of $305,500 from Metropolitan National Bank of Little Rock.

The residence previously was linked with an April 2009 mortgage of $417,000 held by Regions Bank.

The property was purchased for $830,000 in May 2007 from Lanny and Michelle Flood.

Shadowlawn Foreclosure

A 5,128-SF home near the Country Club of Little Rock is under new ownership after a $750,000 foreclosure sale.

Heartland Bank of Bryant recovered the house from David and Susan Matthews.

The bank landed a judgment of $844,452 in March on a loan that originally totaled $918,000.

The residence was acquired for $1 million in May 2010 from Martin and Patricia Rhodes.

Lamarche Abode

A 5,487-SF home in west Little Rock’s Lamarche Place neighborhood in the Chenal Valley development changed hands for $595,000. Jonathan and Jennifer Timmis purchased the house from the Reid Mitchell Revocable Trust.

The deal is backed with a 30-year loan of $417,000 from IberiaBank Mortgage Co. of Little Rock and a 10-year loan of $118,500 from IberiaBank of Lafayette, La.



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