Journal reporter Purchases Home

by Talk Business & Politics ([email protected]) 57 views 

James H. Lovel purchased a house in Fayetteville on May 27 for $58,000 from Kim and Lydia McClusky.

Lovel received a $57,900 mortgage from Arvest Mortgage Co. of Lowell on May 27 to finance the purchase. The loan was processed through McIlroy Bank & Trust of Fayetteville and is due June 1, 2028.

The 1,078-SF home at 220 E. Baxter Lane was built in 1954. It was appraised in 1995 for $56,200.

Lovel is associate editor of the Northwest Arkansas Business Journal and writer of this column.