Residential deals were top May property sales in Sebastian County

BusinessFort Smith

by Talk Business & Politics staff ([email protected]) ago 0 views 

All of the top 10 Sebastian County property deals in May involved residential and agricultural transactions, with most of those in Fort Smith, according to the office of Sebastian County Assessor Zach Johnson.

The largest deal was $926,500, with the Wright Family Trust buying a Fort Smith home from Michael and Keri Duff. The deal closed May 8.

The top 10 Sebastian County property deals in May had a combined deal value of $6.1 million. The top 10 deals for the first five months of 2024 total $49.452 million. The top 10 deals for each month in 2023 had a combined value of $103.704 million.

The top property deal so far in the first five months of 2024 was a $7.195 million deal for duplexes near the Arkansas River Valley Nature Center at Chaffee Crossing. The property was sold by Platinum Building Group, owned Fort Smith-based Norris Group, to Bentonville-based Sanders Properties. The deal closed Feb. 5. Sanders Properties also paid $2.855 million in June 2023 for two apartment properties at 7800 Joseph St., and 1615 Jackson St., in Fort Smith.

The largest deal in 2023 was the $5.7 million sale of Southbrooke apartments on 8201 U.S. 271 S., in Fort Smith. The complex was sold by Dallas-based FS Southbrooke to Fort Smith-based Southbrooke Fort Smith. The new owners plans to renovate the 129-unit apartment complex. A $20.387 million sale of the new Veterans Affairs Clinic in Fort Smith and associated property was the largest Sebastian County property deal in 2022.

Following are the top 10 May transactions in Sebastian County, according to the Assessor’s office. The list is comprised from deed transfers that include the sale price.

MAY PROPERTY TRANSACTIONS
Transaction amount: $926,500
Seller: Michael and Keri Duff
Buyer: Wright Family Trust
Sale Date: May 8
Address: Fort Smith
Description: Residential

Transaction amount: $795,000
Seller: Casey Laws Living Trust
Buyer: CMS Family Trust
Sale Date: May 9
Address: Fort Smith
Description: Residential

Transaction amount: $750,000
Seller: Joel and Erin Moore
Buyer: Bryan and Julie Todd
Sale Date: May 7
Address: Fort Smith
Description: Residential

Transaction amount: $668,000
Seller: Triple 7’s Properties LLC
Buyer: Karen Hutcheson
Sale Date: May 10
Address: Fort Smith
Description: Residential

Transaction amount: $550,000
Seller: Janet Crockett
Buyer: Joel and Erin Moore
Sale Date: May 7
Address: Fort Smith
Description: Agricultural

Transaction amount: $539,700
Seller: Kevin Dorey
Buyer: Pat and Amy McGowan
Sale Date: May 8
Address: Fort Smith
Description: Residential-home

Transaction amount: $535,000
Seller: Thomas Ward
Buyer: Matthew and Sara Lamb
Sale Date: May 9
Address: Fort Smith
Description: Residential

Transaction amount: $450,000
Seller: Glenn and Mary Stuttgen Living Trust
Buyer: Kathy Wisley
Sale Date: May 10
Address: Fort Smith
Description: Residential-home

Transaction amount: $445,000
Seller: Zhi and Lin Jin
Buyer: Michael and Amy Brown
Sale Date: May 6
Address: Greenwood
Description: Residential-home

Transaction amount: $441,000
Seller: Mid-South Homes LLC
Buyer: Gina Chunn Trust
Sale Date: May 3
Address: Fort Smith
Description: Residential-home