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Meredith land. (Real Deals).

A 125-acre piece of north Pulaski County tipped the scales at $805,000.

Meredith Homes Inc., led by Tony Meredith, acquired the land on Highway 365 a mile west of Interstate 40 from Lee and Martha Kierre and Kevin Horton roperties LLC.

The deal is financed with a $483,000 loan from U.S. Bank of Minneapolis. The land previously was tied to a March 2002 mortgage of $624,000 from Pulaski Bank & Trust.

The Kierres and Kevin Horton bought the property for $623,000 nine months ago from Joe and Barbara Stanley.

The Stanleys purchased the land in two transactions from Clement and Frances Sarna and Raymond and Myrtle Fisher, $4,000 in October 1970; and Valentine and Helen Zajac, an undisclosed sum in August 1968.
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Title Annotation:Meredith Homes purchases land
Comment:Meredith land. (Real Deals).(Meredith Homes purchases land)
Author:Waldon, George
Publication:Arkansas Business
Article Type:Brief Article
Geographic Code:1U7AR
Date:Dec 23, 2002
Words:127
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