Mapco Development Trails $1.1M Site Assembly (Real Deals)

by George Waldon  on Monday, Oct. 14, 2013 12:00 am  

The 1.6 acre development for Mapco, approximately shown in red, sits just west of Interstate 430. (Photo by map data by Google)

A 3,786-SF home in The Oaks neighborhood of west Little Rock’s Chenal Valley development drew a $560,000 transaction.

The Jerry M. Spears & Donna Sue Spears Trust bought the house from Edward Hanson and Shirley Rockenbaugh.

The residence previously was linked with an October 2005 mortgage of $359,650 held by Little Rock’s Bank of the Ozarks.

The property was purchased for $649,000 eight years ago.

The seller was Pickering Inc., led by David Pickering Sr.

Lamarche Residence

A 3,306-SF home in the Lamarche neighborhood of west Little Rock’s Chenal Valley development sold for $544,000.

Lance and Sherry Burchett acquired the house from Daniel and Suzanne Wren.

The deal is funded with a 15-year loan of $417,000 and a five-year loan of $99,325 from Metropolitan National Bank.

The residence previously was tied to a November 2010 mortgage of $275,000 held by Bank of Little Rock Mortgage Corp.

The Wrens bought the property for $446,000 in April 2002 from Billy Hartness Construction Co.



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