Candlewood Shines Bright
by March 28, 2005 12:00 am 319 views
Tom Terminella said he saw more in the land that would become Candlewood subdivision than its proximity to southeast Fayetteville’s hot spots. Rolling hills and mature white and red oak trees would make the 41.2-acre tract a destination of its own.
Located only a mile north of the bustling Crossover Road and Mission Boulevard intersection, Candlewood is a 59-lot beacon for upscale living. Terminella bought the property in the late 1990s knowing that two Fayetteville public schools were in the works only a quarter-mile away.
All mantras about “location, location, location” aside, Candlewood had the kind of natural edge from the beginning that makes developers, well, wax philosophic.
“I look at crafting the project to best utilize the natural features of the piece of real estate,” Terminella said. “Yield is important. But livability is more important. You want to evoke a sense of community or destination so that when people move there or even drive through, the feeling is they’ve arrived somewhere.”
Candlewood’s prestige and popularity made it an easy choice for the Northwest Arkansas Business Journal’s annual upscale neighborhood profile. A complete look at the value history of Candlewood’s lots and homes begins on Page 38.
Terminella is president of his development company, Terminella Inc., which employs 15 people in Fayetteville. He’s been around real estate development for 16 years but has been on his own for about a decade.
Other subdivisions Terminella is now developing include:
Flicker of a Vision
Terminella bought the Candlewood property in two transactions totaling $975,000. Today, existing homes and those under construction place its overall value conservatively between $25 million and $30 million.
Terminella Inc. and Chapman Building Co. paid Jeri Fonte $125,000 for the first four acres of the site in November of 1998. Fonte’s parcel was part of an IRA held by the First National Bank of Springdale, according to public records.
Terminella’s firm took sole possession of the Fonte land on April 1, 1999. Then 11 days later, Candlewood Development bought 37.2 more adjacent acres from E.C. Thornsberry for $850,000.
Terminella cut the property into lots ranging from 0.42 to 1.38 acres and started their pricing from $70,000 to $95,000. The opening of Fayetteville’s McNair Middle School and Vandergriff Elementary School in the fall of 2001 sparked a stampede into Candlewood of SUVs carrying affluent families, successful retirees and the occasional corporate executive.
University of Arkansas Basketball Coach Stan Heath and his wife, Ramona, even bought there in 2002. Their 6,121-SF home that appraised in 2004 for $887,700 is the largest and most expensive existing residence in the neighborhood.
Covenants at Candlewood include 3,000-SF minimum, 70-percent brick exteriors, decorative wood, masonry or iron fencing only, and a minimum roof pitch that rises eight inches per foot.
Other features include fully sodded yards with landscaping components and irrigation systems, decorative copper mailboxes and gas outdoor lights.
Terminella said most of Candlewood’s lots trend toward the larger sizes to accommodate more $500,000 dwellings.
Coming Together
Terminella said the first goal always has to be to create as many “buildable” parcels as possible, and Candlewood’s topography presented some challenges.
In addition to steep inclines, he said, the fact that the property contains a waterway caused complications and heightened planning. The headwaters of Fayetteville’s Mud Creek run along the east side of the property.
In the end, Terminella said, it all just worked.
The one thing Candlewood doesn’t have that most of its Benton County brethren do is an overriding design theme. Terminella said Candlewood doesn’t have the continuity of a Jack Arnold or French Country neighborhood commonly seen in Bentonville because his bevy of builders kept things simple.
“We wanted to do a project with more traditional upscale housing,” Terminella said. “There’s no particular trendy theme, just a lot of people building half-million-dollar houses.”
Springdale developer Gary Combs, president of Basic Construction Co. and a multitude of related firms, joined Candlewood to do the infrastructure and invest in the deal.
He built 10 of the homes at Candlewood and put a special touch on its main entrance off of Crossover Road (Arkansas Highway 265). He’s doing a similar, albeit grander theme, with the entrance to his $100,000 per lot Waterford Estates in Goshen.
“Basic built the roadways at Candlewood, and I did the design work on the entrances,” Combs said. “Part of what’s behind the front entrance is we wanted to isolate it from any highway traffic. We spent about $250,000 on the street bricks and walls, but it’s not overdone.
“The statement the entrance makes is it tells you you’re coming into an extremely nice neighborhood. Candlewood probably increased all of the property values around it 20 to 30 percent.”
Behind the Numbers
The Business Journal annually profiles an upscale neighborhood to keep readers apprised of changes in local property values.
Data pertaining to individual residences in this year’s report was obtained from public records at the Washington County Courthouse in Fayetteville and the city’s building permit office.
The annual profiles have increasingly included more vacant lots and homes still under construction, primarily because truly upscale subdivisions are relatively new to Northwest Arkansas. Of the nine neighborhoods the Business Journal has profiled, the mean average home value has been $365,077 and its average size has been 3,852 SF.
Of the 462 homes included in the series, 47, or 10.2 percent, have been valued at $500,000 or more. Five, including four in 1997 at Rogers’ Pinnacle Country Club, were valued at more than $1 million.
The values are a snapshot in time since additional appraisals may have occurred since the individual subdivisions appeared in the series. Homes at Pinnacle Country Club in particular have increased dramatically in value during the last eight years.
The most expensive home to ever appear in the series was Michael T. and Linda Hudson’s Pinnacle Country Club mansion that appraised in 1997 for $1.4 million. Since then, its appraisal appreciated to $2.6 million in 2002.
Pinnacle had five homes at 7,000 SF or greater in size, and last year Bentonville’s Heathrow subdivision had three.
The largest home previously profiled by the Business Journal appeared in the 2003 issue as Bob and Linda Gaddy’s 11,332-SF mansion on Fayetteville’s Lover’s Lane. But this year, Angel Srygley of Monticello is building a 13,472-SF home on Candlewood’s Lot 38 that upon completion would be the largest in the series’ history.
Here’s a look at Candlewood including its yet undeveloped lots. The profile numbers correspond to the subdivision’s actual lot numbers:
(Editor’s Note: *In cases where lot sizes were not available from the Washington County Assessor’s Office, the developer or the local real estate multiple listing service, a conservative lot-size estimate was made based on comparable lots in the same subdivision. The assessor now uses a base lot value for its estimations, and doesn’t always record every specific lot size.)
1. Dwight & Doliza Bibbs
2415 N. Candlewood Dr. The 2,896-SF home was built in 2001 and appraised in 2004 for $411,250. Bibbs bought the 0.62-acre lot and two-story home from William Lazenby in 2004 for $368,000. The home appraised from 2002 to 2003 for $360,350. Lazenby bought the home from Stan and Ramona Heath in 2003 for $368,000. Heath bought the lot from Lazenby in 2002 for $145,000. The lot appraised in 2001 for $74,900. Lazenby bought the lot from Candlewood Development LLC in 2000 for $145,000. The lot appraised in 2000 for $37,800.
2. Michael & Sandy Yates*
2431 Candlewood Dr. The 3,525-SF home was built in 2001 and appraised in 2004 for $453,250. The home appraised from 2002 to 2003 for $401,150. Yates bought the 0.6-acre lot from Elder Construction Co. in 2001 for $77,000. The lot appraised from 2000 to 2001 at $78,400. Elder bought the lot from Candlewood in 2000 for $77,000.
3. Paul & Lisa Bingham*
2463 Candlewood Dr. The 5,328-SF home was built in 2002 and appraised in 2004 for $587,900. Bingham bought the 0.7-acre lot in 1999 from Candlewood for $78,000. The two-story home appraised in 2002 for $558,800.
4. J-KAL Inc.
2390 Inwood Lane. J-Kal Inc. bought the 0.8-lot in 2003 from Sterling and Susan Anders for $87,000. The lot appraised in 2003 for $78,400. Anders bought the lot from Candlewood Development in 2002 for $70,000. The lot appraised in 2002 for $78,400.
5. Matthew & Jeanne Lucas
2481 N. Candlewood Dr. The 3,612-SF home was built in 2002 and appraised in 2004 for $454,350. Lucas bought the 0.72-acre lot and two-story home in 2002 from Scott Laurie Harrison for $380,000. The house appraised for $405,803 in 2003. Harrison bought the home from James Wetwiska in 2002 for $332,000. The home appraised in 2002 for $338,350. Wetwiska bought the lot from Candlewood in 2001 for $75,000. The lot appraised in 2002 for $78,4000.
6. Steven & Carol Whitaker
2499 Candlewood Dr. The 4,000-SF, two-story home was built in 2004 and has not yet been appraised. Its building permit value was $238,000. Whitaker bought the home and 0.53-acre lot from James Wetwiska in 2003 for $446,000. Wetwiska bought the lot from Matthew and Jeannie Lucas for $100,000 in 2003. The lot appraised for $74,900 in 2003. Lucas bought the lot from Candlewood for $68,000 in 2002. The lot appraised for $74,900 in 2002.
7. Lawrence & Charlene Mower
2517 Candlewood Dr. The 2,846-SF home was built in 2003 and appraised in 2004 for $400,500. Mower bought the 0.51-acre lot and two-story home from James Wetwiska in 2003 for $409,000. The lot appraised in 2003 for $74,900. Wetwiska bought the lot from Candlewood in 2003 for $69,000. The lot appraised for $74,900 in 2003.
8. William Meggers
2529 Candlewood Lane. The 2,818-SF home was built in 2003 and appraised in 2004 for $407,650. Meggers bought the 0.46-acre lot and two-story home from James Wetwiska in 2003 for $429,000. The lot appraised in 2003 for $70,000. Wetwiska bought the lot from Candlewood Development in 2003 for $69,000.
9. Pamela Banks
2545 Candlewood Dr. The 3,982-SF, 1.5-story home began construction in 2003 and has not yet been appraised. Its building permits totaled $251,000. Banks bought the 0.51-acre lot and started home from Mary Anders in 2004 for $450,000. Anders bought the lot from Candlewood for $65,000 in 2002.
10. John & Mary Maier*
2567 E. Firewood Dr. Maier bought the 0.58-acre lot from Brent and Michelle Hanby in 2001 for $75,000. The lot appraised for $73,500 in 2001. Hanby bought the lot in 1999 from Candlewood for $73,000.
11. John & Mary Maier
2566 Candlewood Dr. The 3,735-SF home was built in 2001 and appraised in 2004 for $460,800. Maier bought the 0.34-acre lot and two-story home from Tom and Monica Terminella in 2000 for $412,000. The home appraised in 2001 for $393,100. Terminella bought the lot from Candlewood in 1999 for $60,000. The lot appraised in 2000 for $63,000.
12. Christopher & Kimberly Arnold
2571 N. Firewood Dr. The 3,576-SF home was built in 1999 and appraised in 2004 for $457,600. Arnold bought the 0.45-acre lot and two-story home from Terminella Inc. in 2000 for $350,000. The home appraised in 2001 for $390,100. Terminella bought the lot from Candlewood in 1999 $73,000. The lot appraised in 2000 for $73,500.
13. Carole Whiteside Trust*
2587 N. Firewood Dr. The 3,944-SF home was built in 2001 and appraised in 2004 for $526,450. Whiteside bought the 0.5-acre lot and two-story home from Robert Tomlinson in 2004 for $813,000. The home appraised in 2003 for $446,150. Tomlinson bought the home in 2001 from Blake and Beth Hanby for $583,333. The home appraised in 2001 for $397,050. Hanby bought the lot in 1999 from Candlewood for $74,000. The lot appraised in 2000 for $73,500.
14. U.S. Bank National Association*
2591 Firewood Dr. The 4,126-SF home was built in 2002 and appraised in 2004 for $504,650. U.S. Bank took possession of the 0.6-acre lot and two-story home in 2004 from Brandon and Kristin Jones. Jones bought the home from Candlewood in 2002 for $460,000. The lot appraised in 2001 for $35,000.
15. June Hays
2595 Firewood Dr. The 4,097-SF home was built in 2004 and appraised in 2004 for $553,700. Hays bought the 0.5-acre lot and home in 2004 from Mark and Shelley Miller for $700,000. The lot appraised in 2003 for $70,000. Miller bought the lot from Candlewood in 2002 for $65,000.
16. Ronald & Deborah Stumbaugh
2316 Fox Trail. The 3,193-SF home was built in 2003 and appraised in 2004 for $331,300. Stumbaugh bought the 0.42-acre lot in 2003 from Candlewood for $65,000. The lot appraised in 2003 for $70,000.
17. Gholam Fakhimi
2615 N. Firewood Dr. The 3,064-SF home was built in 2001 and appraised in 2004 for $387,850. Fakhimi bought the 0.42-acre lot and two-story home in 2002 from William Lazenby for $348,000. The home appraised in 2002 for $363,450. Lazenby bought the lot from Candlewood in 2000 for $145,000. The lot appraised in 2000 for $35,000.
18. Benjamin & Jana Carter
2631 Candlewood Dr. The 3,900-SF home began construction in 2004 and has not yet been appraised. Its building permits totaled $401,000. Carter bought the 0.42-acre lot and two-story home from Horizons of Northwest Arkansas in 2004 for $515,000. Horizons bought the lot from Candlewood in 2003 for $65,000. The lot appraised in 2003 for $70,000.
19. James & Barbara Jordan
2649 Firewood Dr. The 3,327-SF home was built in 2003 and appraised in 2004 for $469,200. Jordan bought the 0.42-acre lot and two-story home from Barber Properties LLC for $530,000. Barber bought the lot from Candlewood in 2003 for $65,000. The lot appraised in 2003 for $70,000.
20. Roy & Patty Wittke
2663 N. Firewood Dr. The 3,969-SF home began construction in 2003 and has not yet been appraised. Its building permits totaled $260,800. Wittke bought the 0.44-acre lot and two-story home from Spainhower Enterprises Inc. in 2003 for $324,000. The lot appraised in 2004 for $72,000. Spainhower Enterprises received the lot from Michael and Melissa Spainhower in 2003. The lot appraised in 2003 for $70,000. Spainhower bought the lot from Candlewood in 2003 for $51,667.
21. James & Penny Tully
2685 Firewood Dr. The 4,200-SF home began construction in 2003 and has not yet been appraised. Its building permits totaled $243,000. Tully bought the 0.63-acre lot and two-story home from Celtic Construction Inc. in 2004 for $405,000. The lot appraised in 2004 for $80,000. Celtic bought the lot in 2003 from Barber Properties LLC for $74,000. The lot appraised in 2003 for $70,000. Barber bought the lot from Candlewood in 2003 for $63,000.
22. Corey Osborne
2740 Candlewood Dr. Osborne bought the 0.86-acre lot from Providence Properties LLC in 2003 for $77,000. The lot appraised in 2004 for $80,000. Providence bought the lot from Candlewood in 2003 for $71,000. The lot appraised in 2003 for $70,000.
23. David & Gina Wu
2734 N. Candlewood Dr. The 3,903-SF home was built in 2000 and appraised in 2004 for $491,550. Wu bought the 0.63-acre lot and two-story home from Terminella Inc. in 2000 for $437,000. The home appraised in 2003 for $439,300. Terminella bought the lot from Candlewood in 2000 for $76,000. The lot appraised in 2000 for $76,300.
24. Jay Tolley & Evelyn Brooks
2728 N. Candlewood Dr. The 3,990-SF home was built in 2000 and appraised in 2004 for $507,950. Tolley and Brooks bought the 0.54-acre lot and two-story home from Richard Coger in 2004 for $527,000. The home appraised in 2003 for $437,600. Coger bought the home from Terminella Inc. in 2002 for $400,000. The home appraised in 2001 for $308,950. Terminella bought the lot from Candlewood in 2000 for $76,000. The lot appraised in 2000 for $76,300.
25. Patrick Brown
2716 N. Candlewood Dr. The 3,804-SF home was built in 2000 and appraised in 2004 for $553,750. Brown bought the 0.68-acre lot and two-story home from Tom and Monica Terminella in 2001 for $550,000. The home appraised in 2002 for $455,525 and in 2001 for $317,800. Terminella bought the lot from Candlewood in 2000 for $80,000. The lot appraised in 2000 for $79,800.
26. Stanley & Ramona Heath
2710 Candlewood Dr. The 6,121-SF home was built in 2003 and appraised in 2004 for $887,700. Heath bought the 1.38-acre lot from Candlewood in 2002 for $90,000. The lot appraised in 2003 and 2002 for $94,500 and in 2001 for $47,250.
27. Stanley & Ramona Heath
2704 Candlewood Dr. Heath bought the 1.16-acre lot from Candlewood in 2003 for $84,000. The lot appraised for $92,000 in 2004 and $89,600 in 2003 and 2002. In 2001, the lot appraised for $44,800.
28. David & Lisa Holloway
2688 Candlewood Dr. Holloway bought the 0.82-acre lot from Tom and Colleen Pagnozzi in 2003 for $93,000. The lot appraised in 2003 for $89,600. Pagnozzi bought the lot in 2002 from Candlewood for $166,000. The lot appraised in 2002 for $89,600.
29. David Freeman
2670 Candlewood Dr. The 6,910-SF home began construction in 2003 and has not yet been appraised. Its building permits totaled $412,000. Freeman bought the 0.8-acre lot in 2003 from Tom and Colleen Pagnozzi for $93,000. The lot appraised in 2004 for $92,000. Pagnozzi bought the lot from Candlewood in 2002 for $166,000. The lot appraised in 2002 for $89,600.
30. Thomas & Kristin McDonald
2652 N. Candlewood Dr. The 6,092-SF home began construction in 2002 and has not yet been appraised. Its building permits totaled $321,820. McDonald bought the 0.82-acre lot from Candlewood in 2003 for $88,000. The lot appraised in 2003 for $94,500.
31. Ronald & Sandra Busch
2634 Candlewood Dr. The 7,234-SF home began construction in 2003 and has not yet been appraised. Its building permits totaled $448,219. Busch bought the 0.8-acre lot from Candlewood in 2002 for $121,333. The lot appraised in 2004 for $96,000 and in 2003 and 2002 for $89,600.
32. Edward & Jill Hicks*
2616 Candlewood Dr. The 3,169-SF home was built in 2003 and appraised in 2004 for $467,400. Hicks bought the home from Charles and Jennifer Deitrick in 2003 for $575,000. Deitrick bought the 0.87-acre lot from Candlewood in 2002 for $90,000. The lot appraised in 2002 for $94,500.
33. David & Eva Pieper
2600 Candlewood Dr. The 2,884-SF home was built in 2003 and appraised in 2004 for $453,250. Pieper bought the 0.87-acre lot from Candlewood in 2003 for $92,000. The lot appraised in 2003 for $94,500.
34. Patrick & Deatra Harbaugh*
2584 N. Candlewood Dr. The 5,866-SF home was built in 2000 and appraised in 2004 for $715,900. The two-story home appraised in 2002 for $652,550 and in 2001 for $419,800. Harbough bought the 0.8-acre lot from Candlewood in 1999 for $95,000. The lot appraised in 2000 for $94,500.
35. Patrick & Deatra Harbaugh
2562 Candlewood Dr. Harbough bought the 0.99-acre lot from Candlewood in 2002 for $95,000. The lot appraised in 2004 for 96,000 and in 2002 for $94,500.
36. John & Susan Delery
2550 Candlewood Dr. The 4,601-SF home began construction in 2004 and has not been appraised. Its building permits totaled $500,000. Delery bought the 0.93-acre lot from Candlewood in 2002 for $90,000. The lot appraised in 2004 for $96,000 and in 2002 for $94,500.
37. Angel Srygley Living Trust*
2536 Candlewood Dr. Srygley bought the 0.9-acre lot from J-Kal Inc. in 2003 for $215,000. The lot appraised in 2004 for 96,000 and in 2003 for $94,500. J-Kal bought the lot from Tom and Monica Terminella in 2003 for $205,000.
38. Angel Srygley Living Trust
2518 N. Candlewood Dr. The 13,472-SF home began construction in 2004 and has not yet been appraised. Its building permits totaled $900,192. Srygley bought the 0.81-acre lot from J-Kal Inc. in 2003 for $215,000. The lot appraised in 2004 for 96,000 and in 2002 for $94,500. J-Kal acquired the lot from Tom Terminella in 2003 for $205,000.
39. Jeffrey & Sara Strong
2502 N. Candlewood Dr. The 4,657-SF home was built in 2003 and appraised in 2004 for $570,850. Strong bought the 0.88-acre lot and home from J-Kal Inc. in 2003 for $660,000. The lot appraised in 2003 for $94,500. J-Kal bought the lot from Candlewood in 2002 for $90,000. The lot appraised in 2002 for $94,500 and in 2001 for $47,250.
40. Anthony & Tonia Shelton*
2486 Candlewood Dr. The 4,865-SF home was built in 2002 and appraised in 2004 for $609,050. Shelton bought the 0.9-acre lot from Knight Construction in 2002 for $96,000. The lot appraised in 2002 for $94,500. Knight bought the lot from Candlewood in 1999 for $95,000.
41. Larry & Rhonda Hopkins*
2470 Candlewood Dr. The 5,832-SF home was built in 2000 and appraised in 2004 for $664,000. Hopkins bought the home from J-Kal Inc. in 2001 for $645,000. The home appraised in 2003 for $579,020 and in 2002 for $574,295. J-Kal bought the 0.9-acre lot from Candlewood in 2000 for $95,000. The lot appraised in 2000 for $94,500.
42. Wendell & Catherine Weed
2454 N. Candlewood Dr. The 6,100-SF home was built in 2002 and appraised in 2004 for $768,150. Weed bought 0.76-acre lot and two-story home from Terminella Inc. in 2001 for an undisclosed amount. Document stamps were not affixed to the property’s warranty deed, indicating the purchase may have been for less than $100. The home is also currently on the market for $915,000. It appraised in 2003 for $689,900. Terminella received the lot from Candlewood in 2000. The lot appraised in 2000 for $47,250.
43. Michael & Gwen Darling
2438 N. Candlewood Dr. The 2,958-SF home was built in 2003 and appraised in 2004 for $428,750. Darling bought the 0.72-acre lot and two-story home from James Wetwiska in 2003 for $402,000. Wetwiska bought the lot from Candlewood in 2002 for $83,000. The lot appraised in 2002 for $91,000 and in 2001 for $45,500.
44. Kermit & Dyanne Sykes
2416 N. Candlewood Dr. The 3,643-SF home was built in 2002 and appraised in 2004 for $482,150. Sykes bought the 0.85-acre lot and two-story home from Elder Construction Co. in 2002 for $428,000. The home appraised in 2003 for $423,350. Elder bought the lot from Candlewood in 2002 for $70,000. The lot appraised in 2002 for $80,500 and in 2001 for $40,250.
45. Brandon & Keri Barber*
3122 Township Road. The 1.2-acre lot appraised in 2004 for $112,000. Barber Properties LLC bought the lot in 2003 from Candlewood for $110,000. The lot appraised in 2003 and 2002 for $150,000. In 2001, it appraised for $75,0000.
46. Crystal Sharp
2590 N. Firewood Dr. The 4,365-SF home was built in 2000 and appraised in 2004 for $532,800. Sharp bought the 0.49-acre lot and two-story home from J-Kal Inc. in 2001 for $475,000. The home appraised in 2002 for $465,340 and in 2001 for $417,300.
47. Ryan & Kristi Elwart
2614 N. Firewood Dr. The 3,077-SF home was built in 2000 and appraised in 2004 for $395,600. Elwart bought the 0.44-acre lot and two-story home from Cendant Mobility Financial Corp. in 2002 for $347,000. The home appraised from 2001 to 2003 at $354,950. Cendant bought the home from Dennnis and Rebecca Noone in 2001 for $365,000. Noone bought the home from Terminella Inc. in 2001 for $365,000. Terminella Inc. bought the lot from Candlewood in 1999 for $70,000. The lot appraised in 2000 for $70,000.
48. Thomas & Amy Davis*
2632 N. Firewood Dr. The 3,657-SF home was built in 2000 and appraised in 2004 for $457,900. Davis bought the 0.43-acre lot and two-story home from Roger Griffin for $420,000. The home appraised in 2001 for $376,650. Griffin bought the home from Legend Builders Inc. in 2001 for $350,000. The lot appraised in 2000 for $70,000. Legend received the lot from Kent Burnett Properties Inc. in 2000. Burnett bought the lot from Candlewood in 1999 for $68,000.
49. Parag & Meena Lala*
2648 Firewood Dr. The 3,331-SF home was built in 2000 and appraised in 2004 for $430,050. The two-story home appraised from 2001 to 2003 for $373,000. Lala bought the 0.43-acre lot from Candlewood in 1999 for $70,000. The lot appraised in 2000 for $70,000.
50. Katherine Johnson
2660 N. Firewood Dr. The 3,114-SF home was built in 2000 and appraised in 2004 for $396,100. Johnson bought the 0.43-acre lot and two-story home from Virgil and Becky Knight in 2003 for $370,000. The home appraised from 2002 to 2003 for $361,650. Knight bought the home from Knight Construction Co. in 2001 for $320,000. The home appraised in 2001 for $297,450. Knight Construction received the lot from Candlewood in 2000. The lot appraised in 2000 for $70,000.
51. Gary Baxter*
2682 N. Firewood Dr. The 3,492-SF home was built in 2000 and appraised in 2004 for $411,100. Baxter bought the 0.43-acre lot and two-story home from Elder Construction Co. in 2001 for $399,000. The home appraised from 2002 to 2003 for $391,150. In 2001, it appraised for $310,850. Elder received the lot from Candlewood in 2000. The lot appraised in 2000 for $70,000.
52. Wallace & Deborah Piepho
2694 N. Firewood Dr. The 3,755-SF home was built in 2000 and appraised in 2004 for $487,550. Piepho bought the 0.63-acre lot and two-story home from J-Kal Inc. in 2002 for $420,000. The home appraised from 2001 to 2003 for $424,100. J-Kal bought the lot from Candlewood in 2000 for $70,000. The lot appraised in 2000 for $70,000.
53. Michael Mitchell
2709 N. Candlewood Dr. The 3,554-SF home was built in 2000 and appraised in 2004 for $462,400. Mitchell bought the 0.57-acre lot and two-story home from Terminella Inc. in 2002 for $412,000. The home appraised from 2001 to 2003 at $401,750. Terminella Inc. bought the lot from Candlewood in 1999 for $70,000. The lot appraised in 2000 for $70,000.
54. Scott Smith & Carolyn Trumbo
2685 Candlewood Dr. The 4,000-SF home was built in 2004 and has not yet been appraised. Its building permits totaled $248,000. Smith and Trumbo bought the 0.43-acre lot and home from James Wetwiska in 2004 for $419,000. The lot was appraised in 2004 for $80,000. Wetwiska bought the lot from Eggart Investment Group LLC in 2004 for $195,000. Eggart bought the lot from L&E Equity Investments LLC in 2004 for $190,000. The lot appraised from 2001 to 2003 for $70,000. L&E bought the lot from Candlewood in 2001 for $140,000.
55. Walter & Judy Cox
2667 Candlewood Dr. The 3,982-SF home was built in 2001 and appraised in 2004 for $534,600. Cox bought the 0.43-acre lot and two-story home from Blue Cloud Group LLC in 2002 for $450,000. The home appraised in 2003 for $454,920 and in 2002 for $373,750. Blue Cloud received the lot from Candlewood in 2002. Candlewood received the lot from Knight Construction Inc. in 2000. Knight Construction Inc. bought the lot from Candlewood in 2000 for $70,000. The lot appraised in 2000 for $70,000.
56. Kevin & Nancy Iler
2643 N. Candlewood Dr. The 3,175-SF home was built in 2003 and appraised in 2004 for $414,550. Iler bought the 0.43-acre lot and two-story home from Paul and Nancy Pinkley in 2003 for $437,000. The lot appraised from 2001 to 2003 for $70,000. Pinkley bought the lot from Birddog Development in 2000 for $63,000. Birddog received the lot from Terminella Inc. in 2000. Terminella Inc. received the lot from Candlewood in 2000. The lot appraised for $35,000 in 2000.
57. Craig Sharer
2631 N. Candlewood Dr. The 4,206-SF home began construction in 2004 and has not yet been appraised. Its building permits totaled $348,551. Sharer bought the 0.43-acre lot and home from James Wetwiska in 2004 for $493,000. The lot appraised from 2000 to 2003 at $70,000. Wetwiska bought the lot from Eggart Investment Group LLC in 2004 for $195,000. Eggart bought the lot from L&E Equity Investments LLC in 2004 for $190,000. L&E received the lot in 2003 from Robert and Sally Davis. Davis bought the lot from L&E in 2002 for $74,000. L&E bought the lot from Candlewood in 2001 for $140,000. Candlewood received the lot from Elder Construction Co. in 2000. Elder bought the lot from Candlewood in 2000 for $70,000.
58. Natalie & Thomas Garrison
2619 N. Candlewood Dr. The 3,936-SF home was built in 2000 and appraised in 2004 for $499,000. Garrison bought the 0.6-acre lot and two-story home from Anthony and Heidi Burns in 2004 for $500,000. The home appraised from 2001 to 2003 at $413,450. Burns bought the home from Tom and Monica Terminella in 2001 for $454,000. Terminella received the lot from Terminella Inc. in 2000. Terminella Inc. bought the lot from Candlewood in 1999 for $70,000. The lot appraised in 2000 for $70,000.
59. Joseph & Kathleen Tapper*
2607 N. Candlewood Dr. The 4,098-SF home was built in 2000 and appraised in 2004 for $546,850. Tapper bought the 0.48-acre lot and two-story home from Legend Builders Inc. in 2000 for $450,000. The home appraised from 2002 to 2003 for $480,800. In 2001, it appraised for $455,850. Legend bought the lot from Candlewood in 1999 for $68,000. The lot appraised in 2000 for $70,000.