Redevelopment Trails $3 Million Retail Sale (Real Deals)

by Arkansas Business Staff  on Monday, Aug. 19, 2013 12:00 am  

Demolition has begun on the former Brandon House Furniture showroom in Little Rock.  (Photo by Luke Jones)

Sherrill Heights Abode

A 3,586-SF home in Little Rock’s Sherrill Heights neighborhood drew a $915,000 transaction.

John Cheairs purchased the house from O.H. Storey III and his wife, Mary. The deal is backed with a 30-year loan of $417,000 and a five-year loan of $315,000 from One Bank & Trust of Little Rock.

The residence previously was linked with a July 2010 mortgage of $304,600 from Bank of Little Rock Mortgage Corp.

The Storeys bought the property for $700,000 in April 2003 from the McKuin Family Trust, led by Bobby and Mary McKuin.

Country Club House

On the front side of the Sherrill Heights deal, John and Becky Cheairs sold a 4,200-SF house near the Country Club of Little Rock for $840,000.

The buyers are Brett and Erin Wood. The deal is funded with a seven-year loan of $400,000 from Bank of Bearden.

The residence previously was tied to a pair of mortgages totaling $576,000 held by One Bank.

The Cheairs family acquired the property for $359,000 in March 1989 from John Satterfield.

Oaks Home

A 4,503-SF house in The Oaks neighborhood of west Little Rock’s Chenal Valley development changed hands in a $550,000 deal.



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