Posted 10/14/2013 12:00 am
A Mapco convenience store project is in the works in the Otter Creek area of west Little Rock after a combined $1.1 million assembly deal.
NTI Stagecoach Road LLC of Brentwood, Tenn., put together 1.6 acres by purchasing a car wash at 8015 Stagecoach Road for $700,000 and the Jive in Java project at 8101 Stagecoach Road for $355,000.
The 0.95-acre car wash development was sold by Miracle Clean Inc., led by Hank van Rossum. The 0.69-acre coffee shop development was sold by Bernard and Joan Clark.
Construction is funded with a 26-year loan of $2.09 million from Standard Mortgage Investors LLC of Hillsboro, Ore.
The car wash location was bought in March 2003 as part of a $380,000 transaction with Carter Oil Co. of Benton.
The project previously was tied to a November 2008 mortgage of $661,840 held by Metropolitan National Bank of Little Rock.
The Clarks acquired the coffee shop land for $190,000 in May 2007 from Miracle Developments Inc., led by Bill Keathley.
Deep Water Purchase
A watering hole near Maumelle changed hands in a $265,000 transaction.
Deep Water Investments LLC, led by Cliff McKinney, bought Ton’s Place Bar & Grill at 18814 MacArthur Drive from Jimmy and Danette Fiddler.
The Fiddlers purchased the 0.2-acre location in June 1989 as part of a $250,000 deal with Lenore Wisdom.
Ranch Hill Abode
A 3,806-SF house in midtown Little Rock’s Ranch Hill neighborhood is under new ownership after a $635,000 sale.
Michael and Aimee Shelby acquired the house from the 300 McMillen Trail Revocable Trust, led by Andrew and Jennifer Adkins.
The deal is financed with a 30-year loan of $350,000 from Bank of Little Rock Mortgage Corp.
The residence previously was linked with a September 2010 mortgage of $417,000 held by Bank of England and a May 2013 mortgage of $160,000 held by Delta Trust & Bank of Little Rock.
The property was bought for $599,000 in July 2010 from Daniel Knight and Chet Roberts.
Oaks House I
A 3,402-SF home in The Oaks neighborhood of west Little Rock’s Chenal Valley development rang up a $608,000 deal.
William and Robin McNulty purchased the house from Taylor and Gail French. The deal is backed with a 15-year loan of $417,000 from Simmons First National Bank of Pine Bluff.
The residence previously was tied to a May 2007 mortgage of $750,000 held
by Commercial Bank & Trust of Paris, Tenn.
The French family acquired the property for $665,000 more than six years ago from David Pickering Jr. and his wife, Janna.
Oaks House II
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.
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.