Eight Wendy's Locations Sales Surpass $9.5 Million Mark (Real Deals)

by George Waldon  on Monday, Oct. 7, 2013 12:00 am  

Construction of a new Little Rock police department substation on 12th Street is underway. (Photo by RPPY Architects Artist Rendering)

The sellers are Larry Groves and Patricia and Kenneth Ferguson.

The deal is funded with a five-year loan of $580,000 from First Security Bank of Searcy.

The 1-acre site was purchased for $100,000 in August 1999 from Century 21 Metro Inc., led by Mary Peyton.

PV Residence

A 5,345-SF home in west Little Rock’s Pleasant Valley neighborhood sold for $875,000.

Avery Martin bought the house from Theodore Skokos Jr. and his wife, Ainsley.

The deal is backed with a 30-year loan of $417,000 from Merchants & Planters Bank of Collierville, Tenn. The property additionally is secured by a three-year loan of $283,000 from Bank of Augusta (Woodruff County).

The residence previously was tied to an August 2006 mortgage of $950,000 originated by UBS Mortgage LLC of Baltimore.

The Skokos family acquired the property for $1.05 million seven years ago from Charles and Anita Fiser.

Deauville Abode

A 7,262-SF manor in the Deauville neighborhood of west Little Rock’s Chenal Valley development changed hands at an $850,000 foreclosure sale.

Allied Bank of Mulberry recovered the house from A.J. and Gwen Gilbert.



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