Midtown Walgreens Sells for $6.1 Million (Real Deals)

by George Waldon  on Monday, Jul. 14, 2014 12:00 am  

Walgreens, 3901 W. Markham in Little Rock

The residence previously was tied to a May 2009 mortgage of $702,000 held by U.S. Bank.

The property was acquired for $570,000 in July 1995 from George and Lois Schaefer.

Chenal Circle Abode

A 6,600-SF home in the Chenal Circle neighborhood of west Little Rock’s Chenal Valley development rang up a $760,000 transaction.

Philip and Robin Johnson bought the house from Bank of New York Mellon, the trustee of a mortgage portfolio.

The deal is funded with a one-year loan of $620,000 from Summit Bank of Arkadelphia. The property previously was linked with a $1 million loan originated by One Bank & Trust of Little Rock as well as two other October 2004 mortgages held by One Bank totaling $185,000.

Bank of New York recovered the property from Aaron and Julie Young in October 2013 at an $808,300 foreclosure sale.

The Youngs purchased the house for $1.25 million in October 2004 from Rick Ferguson Inc.

Hickory House II

A 3,871-SF home in west Little Rock’s Hickory Creek neighborhood sold for $685,000.

Willard Chumley Jr. acquired the house from Charles and Kaye Cummings.

The deal is backed with a 30-year loan of $417,000 from Delta Trust Mortgage Inc. of Little Rock and a five-year loan of $131,000 from Delta Trust & Bank.



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