Real Estate Roundup: Jonesboro School District deal tops in recent land deals
by March 19, 2018 8:06 pm 354 views
The Jonesboro School District made the most significant residential and commercial property transfer in Craighead County between Jan. 1 and Feb. 15, according to the Craighead County Assessor’s Office.
The school district spent $2.5 million to buy 13.5 acres from Trinity Church. The property is listed at 701 East Highland Drive and is about a mile from the district’s campus. The deal was closed Jan. 16. Haag-Brown principal Josh Brown was one of the agents who represented the school district. What the property will be used for has not been disclosed, according to the school’s board minutes.
School board members voted to buy the property in October, but the deal was delayed until the congregation at the church could vote to finalize the sale, according to the board minutes.
In the second largest land deal, Southwest Valley spent $1.15 million on the former Beverly Health & Rehab property located at 800 Southwest Drive. It includes 3.6 acres, and an 87,120-square-foot building. However, a demolition permit for the building was issued June 21, 2017. It was bought from First National Bank. Attempts by Talk Business & Politics to reach the new owner or owners were unsuccessful. The sale was finalized Jan. 23.
Following are other top transactions, in order of value, in Craighead County from Jan. 1 through Feb. 15:
Transaction amount: $827,000
Seller: Michael and Elaine Lilly
Buyer: Lai Yonggang
Sale date: Jan. 31
Description: House in the RidgePointe subdivision in Jonesboro
Transaction amount: $814,875
Seller: Four Sister Inc.
Buyer: Tucker Time Jonesboro LLC
Sale date: Jan. 11
Address: 923 Parker Road, Jonesboro
Description: A 21,900-square-foot service repair garage and a 1,200-square-foot office building
Transaction amount: $760,000
Seller: Jennifer & Jack Jones
Buyer: Jared Sean & Lindsey Woodard
Sale date: Jan. 19
Description: About 2.5 acres in the Plantation Estates subdivision in Jonesboro
Transaction amount: $742,562
Seller: Easton Agriculture LLLP
Buyer: City of Jonesboro
Sale date: Jan. 8
Address: N/A
Description: About 124 timber and crop land acres near Moore Road
Transaction amount: $640,000
Seller: Trustee of Roger D. Bell
Buyer: A&M Agriculture LLC
Sale date: Jan. 19
Address: 8621 Craighead County Road 951
Description: About 80 crop land acres near Caraway
Transaction amount: $575,000
Seller: Centennial Insurance Agency
Buyer: ACEO Development LLC
Sale date: Jan. 25
Address: 447 Southwest Drive, Jonesboro
Description: A 18,500-square-foot office building
Transaction amount: $540,000
Seller: Wayne & Karen Weatherford
Buyer: Charles Reed Burk & Robbie Rig
Sale date: Jan. 8
Address: Craighead County Road 794
Description: About 4 acres in the Terra Hills phase three subdivision
Transaction amount: $535,000
Seller: King’s Ranch of Jonesboro Inc.
Buyer: City of Jonesboro
Sale date: Jan. 8
Address: N/A
Description: About 90 acres of timber and crop land in rural Craighead County off Moore Road