Remember the largest home sale to close in Pulaski County during 2007?
It was a whopper, in more ways than one, at $3.5 million.
Don't feel bad if you don't recall the sale of the 10,000-SF residence in west Little Rock's Chenal Downs neighborhood.
Neither did we.
That's because there was no $3.5 million real estate transaction.
The only deed connected to the property since the house was built was filed back in June 2005.
That's when Steve Landers Jr. and his wife, Karmen, bought the undeveloped lot for $183,000 from Rick Ferguson Inc.
How does an upscale lot sale get transformed into a $3.5 million house sale in the database at Cooperative Arkansas Realtors Multiple Listing Services Inc.?
That sounded like a question for Toni Fryar at the Bryant office of Crye-Leike Realtors, the listing and selling agent for the property.
Fryar explained that the residence was "presold," indicating that the house-to-be-built was tied to the lot sale.
The "sale" of the house didn't hit the CARMLS database until construction was completed in 2007.
Steve Landers Jr. wasn't familiar with the presold arrangement connected with the house built on the lot he purchased, and Ferguson couldn't be reached for comment.
http://www.toprealtynews.com/realestatenews/id_54709/
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