New Landlord Makes $17.5M Move in NLR (Real Deals)

by George Waldon  on Monday, Feb. 3, 2014 12:00 am  

A Colorado investment group is the new owner of McCain Park Apartments, a 320-unit complex at 3900 McCain Park Drive in North Little Rock. (Photo by Jason Burt)

A 157.8-acre wooded tract in south Pulaski County changed hands in a $296,000 sale.

S&J Taylor Family Ltd., led by Shelby and JoAnn Taylor, acquired the land along the west side of Interstate 530, about 1.5 miles north of the Jefferson County line.

The seller is South Pulaski Investments, a general partnership led by Sheffield Nelson, Jerral W. Jones, the estate of Robert M. Wilson, Larry Wallace and Colleen Newman.

The deal is financed with a $270,000 loan from Peoples Bank of Sheridan.

The general partnership bought the land for $200,000 in April 1978 from the Oscar F. Kochtitzky Jr. Trust.

Deauville Deal

A 6,424-SF home in the Deauville Place neighborhood of west Little Rock’s Chenal Valley development rang up an $850,000 deal.

Edwin and Kristi Diaz purchased the house from Edward and Jacquelyn Love. The buy is backed with a 30-year loan of $680,000 from IberiaBank Mortgage Co. of Little Rock.

The residence previously was tied to a July 2010 mortgage of $417,000 and a December 2010 mortgage of $250,000 held by Regions Bank of Birmingham, Ala.

The Loves acquired the property for $835,000 in July 2010 from Gretchen and Craig Farrell.

Estates Sale

A 6,190-SF home in The Estates neighborhood of west Little Rock’s Chenal Valley development sold for $620,000.

 

 

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