The 242-unit Arrowhead Estates Apartments project in North Little Rock weighed in at $6.15 million.
1707 Arrowhead LLC of Carlsbad, California, bought its namesake address from Ridgeview Partners LLC of Los Angeles. 1707 Arrowhead assumed a July 2018 mortgage of $5.7 million held by Fannie Mae.
Ridgeview Partners entered the ownership picture of the 10.93-acre development in December 2014 when NHDC Ridgeview Apartments Inc. of Rancho Cucamonga, California, forfeited the property in lieu of foreclosure.
Double Wash
The sale of a pair of Pulaski County car washes combined for $4.52 million.
IMO US South LLC, an affiliate of International Car Wash Group of Centennial, Colorado, purchased the Team Clean Carwash at 8451 Oakdale Road in Sherwood for $2.4 million and at 4220 S. University Ave. in Little Rock for $2.1 million.
The seller is Jonesboro Carwash LLC, led by Brad Vaden.
The 2.12-acre Sherwood development previously was tied to an August 2017 mortgage of $2.5 million held by First Community Bank of Batesville.
The location was acquired 37 months ago for $784,080 from Oakdale Properties LLC, led by Billy Morden and Byron McKimmey.
The 1.58-acre Little Rock development previously was linked with a January 2014 mortgage of $2.1 million held by First Community Bank.
The site was bought for $700,000 in February 2008 from Van D’Lay Industries LLC, led by Andy Collins.
Retirement Property
A retirement project is in the works after a $1.9 million land deal in west Little Rock. Little Rock Senior Community LLC, an affiliate of O’Reilly Development Co. of Springfield, Missouri, acquired the 12.02-acre site at the northeast corner of Rahling Road and Chenal Valley Drive.
The seller is the Arkansas Teacher Retirement System, the state’s largest pension fund. The deal is funded with a one-year loan of $1.9 million from Springfield First Community Bank in Missouri.
ATRS purchased the property for $1.7 million in September 2001 from Deltic Timber Corp. of El Dorado.
Sherwood Commercial
Adjoining 0.8-acre commercial properties in Sherwood changed hands in tandem deals totaling $446,157.
Harmon Properties LLC, led by Randall and Rita Harmon, sold the 10,000-SF Partners Equipment & Tool project at 4360 Rixie Road for $275,000 and the 7,550-SF Harmon Overhead Door project at 4350 Rixie Road for $171,157.
Larry McHolan bought the Partners development, financed with a 15-year loan of $255,000 from Harmon Properties. Rojax LLC, led by Ron Schreiber, purchased the Harmon development, funded with a 10-year loan of $171,157 from Harmon Properties.
The combined undeveloped 1.6-acre parcel was acquired for $63,000 in May 1989 from Philip and Theone Patterson.
Pinewood Purchase
A 38-unit mobile home park in Jacksonville rang up a $275,000 sale.
BK Pandas LLC of Sunnyvale, California, purchased the 1124 Wilds Road project from Pinewood Estates MHP LLC of Derby, Kansas.
The 4.75-acre development was bought for $130,000 in October 2013 from The Finest Place Inc. of Waipahu, Hawaii.
Club House
A 4,025-SF home near the Country Club of Little Rock drew a $925,000 transaction.
Laney and Mary Jane Briggs acquired the house from Steve and Marga Ratcliff.
The deal is backed with a one-year loan of $1 million from Encore Bank of Little Rock.
The Ratcliffs purchased the residence for $875,000 in August 2001 from Mark and Leslie Lee.
Belle Pointe
A 7,076-SF home in west Little Rock’s Belle Pointe neighborhood sold for $810,000.
Francis Trim and Henrik Thostrup bought the house from Mel and Sheri Collazo.
The deal is financed with a 24-year loan of $500,000 from Regions Bank of Birmingham, Alabama. The residence was tied to a September 2012 mortgage of $416,000 held by IberiaBank of Lafayette, Louisiana.
The Collazos acquired the property for $730,000 in May 2004 from Deutsche Bank AG of New York.
Germay Court
A 3,966-SF home in west Little Rock’s Germay Court neighborhood is under new ownership after a $710,000 deal.
The George G. Gleason II Revocable Trust and Linda D. Gleason Revocable Trust purchased the house from the Linda Kay Shaver Revocable Trust.
The location was bought for $145,000 in May 2014 from the Martha M. Turner Revocable Trust.
Ensbury Place
A 5,710-SF home in west Little Rock’s Ensbury Place changed hands in a $656,970 transaction.
Ahmed Sallam and Sherin El-Sheikh acquired the house from Randy James Construction Inc. The deal is funded with a 30-year loan of $591,273 from U.S. Bank of Cincinnati.
The residence previously was linked with a November 2019 mortgage of $552,000 held by First Security Bank of Searcy.
The site was purchased for $94,000 in 2017 from Deltic Timber Corp.
The Oaks
A 3,430-SF home in the Oaks neighborhood of west Little Rock rang up a $650,000 sale.
Mel and Sheri Collazo bought the house from Luay Dajani. The deal is backed with a 30-year loan of $510,400 from IberiaBank.
Dajani acquired the residence for $585,000 in August 2014 from James and Melinda Markus.
Mirabel Court
A 3,896-SF home in west Little Rock’s Mirabel Court neighborhood drew a $605,000 transaction.
Michael and Melissa Tooley purchased the house from Christopher and Valerie Paul.
The deal is financed with a 30-year loan of $484,000 from Arvest Bank of Fayetteville.
The residence was tied to a June 2017 mortgage of $580,000 held by Regions Bank of Birmingham, Alabama.
The Pauls bought the property for $580,000 more than three years ago from Billy Hartness Construction Co.
Woodlands Edge
A 3,742-SF home in west Little Rock’s Woodlands Edge neighborhood sold for $540,000.
Christopher and Lindsey Lacouture acquired the house from Amelia and David Bardwell. The deal is funded with a 30-year loan of $559,400 from Quicken Loans LLC of Detroit.
The residence was linked with a February 2017 mortgage of $457,149 held by Wells Fargo Bank of Sioux Falls, South Dakota.
The Bardwells purchased the property for $508,000 more than three years ago from River Rock Builders LLC, led by Keith Wingfield.
Panther Mountain
A 4,588-SF home in the Panther Mountain Estates neighborhood of northwest Pulaski County is under new ownership after a $525,000 deal.
Janelle Metts and Martin and Lisa Marler bought the house from Eric Scruggs IV and his wife, Krista. The deal is backed with a 30-year loan of $325,000 from IberiaBank.
The 11.51-acre spread was tied to a May 2018 mortgage of $432,000 held by Telcoe Federal Credit Union of Little Rock.
The Scruggs family acquired the land for $65,000 in August 2015 from the Battershell Family Trust, led by Emily Battershell.
