Bradford Estates Sale Surpasses $4.5M (Real Deals)


Bradford Estates Sale Surpasses $4.5M (Real Deals)
Bradford Estates at 6310 Col. Glenn Road in Little Rock. (Parcel lines approximate.) (Google Earth)

A 141-unit apartment complex in Little Rock weighed in at $4.59 million.

Bradford Estates LLC, led by Ryan Aclin, Jeff Aclin and Jarod Puckett, purchased its self-named project at 6310 Col. Glenn Road. The seller is Alexander Apartments LLC, led by Jason Bolden.

The deal is financed with a three-year loan of $5 million from Central Bank of Little Rock.

The 7.37-acre development previously was linked with a March 2014 mortgage of $2.8 million held by the bank.

Alexander Apartments bought the project from Chateau West Apartments LLC, led by William Tull Jr. , for $2.86 million more than it sold for six years ago.

The multifamily project was acquired for $4 million in January 2003 from Chateau West LLC, led by James and Jua-nita Winn.

Concrete Transaction

Two construction material plants in Pulaski County combined for a $1.11 million transaction.

Central Concrete LLC, led by Jeff Heslep, bought the projects at 7 Collins Industrial Drive in North Little Rock and 2214 Redmond Road in Jacksonville.

The seller is Peel River LLC, an affiliate of Madden Materials of Minden, Louisiana.

The properties are now helping secure a 15-year loan of $5 million and an eight-year loan of $2 million from BancorpSouth Bank of Tupelo, Mississippi.

Peel River purchased the 6.13-acre North Little Rock development and 2.23-acre Jacksonville development six months ago for $1.36 million.

The seller was Mid-State Construction & Materials Inc. of Raleigh, North Carolina, an affiliate of Martin Marietta Inc.

Orle Manor

A 6,169-SF home in west Little Rock’s Orle neighborhood tipped the scales at $1.28 million.

Wiggins Family Real Estate Holdings LLC, led by Joey and Leslie Wiggins, acquired the house from Shane Johnson. The deal is backed with a five-year loan of $1 million from Armor Bank of Forrest City.

The residence previously was tied to a June 2016 mortgage of $840,000 held by JPMorgan Chase Bank of Columbus, Ohio.

Johnson bought the location for $152,000 in August 2014 from Deltic Timber Corp. of El Dorado.

Chenal Circle

A 4,747-SF home in west Little Rock’s Chenal Circle neighborhood rang up an $800,000 sale.

Robert and Angela Hopkins purchased the house from Patrick and Kristine Flaherty. The deal is funded with a 30-year loan of $640,000 from U.S. Bank of Cincinnati.

The residence previously was linked with a June 2011 mortgage of $760,500 held by the bank.

The Flaherty family acquired the property for $815,000 in October 2003 from the David Michael Mego & Patricia Louis Mego Living Revocable Trust.

Falstone Court

A 4,087-SF home in west Little Rock’s Falstone Court neighborhood changed hands in a $685,000 deal.

Patrick and Kristine Flaherty bought the house from James Price.

The deal is financed with a 30-year loan of $485,000 from Simmons Bank of Pine Bluff.

The residence previously was tied to a September 2019 mortgage of $512,000 held by BancorpSouth Bank.

Price purchased the location for $107,000 10 months ago from PotlatchDeltic Real Estate LLC, an affiliate of PotlatchDeltic of Spokane, Washington.

Country Club House

A 2,535-SF home near the Country Club of Little Rock sold for $675,000.

J.W. Benafield acquired the house from Robert and Gaye Lanford.

The residence previously was linked with an August 2015 reverse mortgage of $982,250 held by Peoples Bank of Costa Mesa, California.

The Lanfords bought the property for $500,000 in April 2013 from Catherine Hamilton Mayton and Susan Hamilton Johnson.

Waterview Meadows

A 3,136-SF home in the Waterview Meadows neighborhood near Roland drew a $568,000 transaction.

Gregory and Emily Smith purchased the house from William T. Henry Jr.

The deal is backed with a 30-year loan of $568,000 from First Community Bank of Batesville.

The residence previously was tied to a September 2017 mortgage of $416,00 held by Arvest Bank of Fayetteville.

Henry acquired the property for $520,000 nearly three years ago from Stephen Joseph Sanders.

Hillcrest Home

A 2,564-SF home in Little Rock’s Hillcrest area is under new ownership after a $535,000 deal.

Gregory and Frances Lyons bought the house from Manal Ivie. The deal is funded with a 30-year loan of $428,000 from Gateway Mortgage Group of Jenks, Oklahoma.

The residence previously was linked with a May 2014 mortgage of $378,300 held by Bank of Little Rock Mortgage Corp.

The property was purchased for $259,000 in October 2000 from Larry and Sidney Carter.

Riverside Abode

A 3,340-SF home on the outskirts of Little Rock near Two Rivers Park rang up a $525,000 sale.

Herbert Littleton acquired the house from Ron and Sharon Clayton. A 30-year loan of $417,846 from Arvest Bank financed the deal.

The 4.26-acre spread on the Arkansas River previously was tied to an October 2011 mortgage of $250,000 held by Arvest.

The land was bought for $15,000 in September 1983 from Harry and Mary Alice McDermott.

PV Residence

A 3,343-SF home in west Little Rock’s Pleasant Valley neighborhood changed hands in a $505,000 deal.

David and Susan Lowitz purchased the house from Mauricio Moreno-Vera and Patricia Lopez-Rojas. The deal is backed with a 25-year loan of $404,000 from Regions Bank of Birmingham, Alabama.

The residence previously was linked with a January 2013 mortgage of $415,400 held by Arvest Bank.

The property was acquired for $590,000 in January 2012 from the Seliga Family Revocable Living Trust, led by John and Chastity Seliga.