Thomas Park IT and his wife, Carmen, acquired the house from KT Builders Inc., led by Kenneth Whitfield.
The deal is funded with a 30-year loan of $350,000 from Wells Fargo Bank of Des Moines, Iowa, and a 40-year loan of $129,750 from Wells Fargo Bank of San Francisco.
The residence previously was linked with a July 2004 mortgage of $390,000 held by Regions Bank.
The location was purchased for $73,000 in July 2003 from Winrock Development Co., led by Russ McDonough.
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|Title Annotation:||Real Deals: A Look at Important Real Estate Transactions|
|Comment:||Wellington purchase.(Real Deals: A Look at Important Real Estate Transactions)|
|Article Type:||Brief Article|
|Date:||Sep 5, 2005|
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